BitDigest October 22 · Issue #768
Oct 22, 2020
Author
- Bitcoin jumps $900 in 24-hours reaching $13,184 before a slight pull back – BTC dominance breaks 61%
- PayPal announces plans to bring crypto to its platform
- PBoC official calls for China to increase effort to build and deploy DCEP ahead of other sovereign digital currencies
Weekly Stock Review
Highlights from the North American listed crypto, blockchain and mining stocks:
- Grayscale Bitcoin Cash Trust (OTCQX: BCHG) was the best performing tracked stock this week posting a 100% 7-day return.
- HIVE Blockchain Technologies (TSXV:HIVE) reported quarterly income from digital mining of $6.6 million derived from 25,562 ether and 154 newly minted bitcoin; adjusted EBITDA was $2.6 million.
- The premium to NAV for Grayscale Litecoin Trust (OTCQX: LTCN) jumped 137% and is now close to 950%.
- The Bitcoin Fund (TSX: QBTC-U.TO) is reported to have reached a new milestone with its marketcap surpassing $100 million for the first time.
- Taal Distributed Information Technologies (OTCQX: TAALF) had the worst return, dropping 8.3% on the week.
- Among the tracked stocks, the mean return during this period was 17.2% and median 14.8%, outperforming bitcoin at 12.2%.