BitDigest January 28 · Issue #830

• Crypto market unchanged over 24-hours
• Christine Lagarde says European CBDC will take a few years to develop
• BIS releases annual member survey on CBDCs

Weekly Stock Review

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

• Bit Digital (NASDAQ: BTBT) was the best performing stock this week losing 3.6%.
• HIVE Blockchain Technologies (TSX.V:HIVE) filed a $100M mixed shelf prospectus
• Hut 8 Mining (TSX: HUT)announced plans pay down $20 million in debt during first quarter after saying it would borrow $11.8 million for equipment financianing from Foundry, another DCG subsidiary
• Marathon Patent Group (NASDAQ: MARA) has added $150 million in bitcoin to their treasury holdings 
• Diginex (NASDAQ: EQOS) entered into a strategic partnership with crypto and derivatives firm GSR Markets making them a primary liquidity provider for Diginex’s EQUOS crypto exchange.
• BitFarms (TSXV:BITF) was this week’s worst performer losing approximately one-third of its market price during the period.
• Bitcoin posted a 14.4% loss this week, underperforming the market compared to the equity mean return of -13.2% and median of -11.3%.

Network Outages Spreading

🅱️I have repeatedly been critical of the leading digital currency exchanges inability to keep their networks online during sudden spikes in activity, but now other companies like Robinhood are having problems handling the increased interest from crypto traders – this is the second report I seen over the past week that RobinHood’s crypto trading services have experienced a service outage.

The Headlines

Thoughts on the Ecosystem