BitDigest September 17 · Issue #744

Sep 17, 2020
  • Bitcoin fighting to break $11,000 level
  • Australia’s Central Bank says they have no immediate need for a digital dollar
  • Kraken receives US banking charter
BitDigest September 17 · Issue #744

Weekly Stock Review

BitDigest September 17 · Issue #744

Highlights from the North American listed crypto, blockchain and mining stocks:

  • Chinese mining stock Ebang International (NASDAQ: EBON) is the top performer of the week generating a 8% increase in its stock price. EBON is the only company to outperform bitcoin (7.2% return) this week.
  • Hive Blockchain (TSX: HIVE) reported year end results for fiscal 2020 generating income from digital currency mining – mining bitcoin (BTC), ether (ETH) and Ethereum classic (ETC) – of $29.2 million with adjusted EBITDA of $5 million. 
  • TAAL Distributed Information Technologies (OTCQX: TAALF) announced the company has entered into an agreement to sell 37,500 non-operational hashing servers for $825,000 – surprising, as the company just purchased these servers in March. TAALF plans to use proceeds from the sale to purchase new state-of-the-art mining rigs.
  • Galaxy Digital Holdings (TSX: GLXY.TO) reported assets under management has increased to $404.9 million.
  • Grayscale Investment’s Litecoin Trust (OTCQZ: LTCN) was the worst performing stock of the week falling 12%.

The Headlines

Market Data

Exchange, Custody and Product News

Thoughts on the Ecosystem

Reports you may have missed

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 5.33% falling to $60k and ETH 5.17% approaching the low $2,300s. Aptos (APT 4.62% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE 8.07% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 5.33% climbing back above $61,000 and SOL 10.14% moving above $145, while ETH 5.17% is lagging, trading around $2,400. Among today's outperformers is SUI 10.64% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

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