Crypto Research

Tom surveys the landscape of the blockchain and large cap cryptocurrencies including Bitcoin and Ethereum. Mr. Lee will discuss important drivers including the impacts from: financial institutions, regulation, millennials, and institutional investors. He will also discuss the importance of rotation in this space. More info on the Americas Summit event

THE HEADLINES [Members Area Crypto] DCG TO BUY MORE SHARES OF GBTC www. businesswire. com 📈Grayscale parent, Digital Currency Group announced plans to increase its purchase of open shares in the Bitcoin Trust (OTCQX: GBTC) by 3x increasing the total commitment from $250 million to $750 million. 🅱️GBTC has been repeatedly trading at a discount to NAV since March. [Members Area Crypto] MARA PROVIDES PRODUCTION UPDATE www. ir. marathondh. com...

The Bank of England THE HEADLINES [Members Area Crypto] THAILAND TO REQUIRE IN PERSON KYC SCANS AT CRYPTO EXCHANGES www. bangkokpost. com The government of Thailand is planning to require local digital currency exchanges to verify customer identities in person using a chip enabled identification card. [Members Area Crypto] SWITZERLAND READY TO TEST CROSS-BORDER DIGITAL CURRENCY www. reuters. com Switzerland’s central bank is planning its first digital currency test with...

In this week’s crypto strategy note we discuss:Bitcoin rebounding from a healthy cooling off period last week as the macro backdrop remains accommodative & bull market remains intactEven if Facebook didn’t buy Bitcoin, corporates are coming, and it may not be reflected in earnings announcements yetRemaining overweight Ethereum and maintaining a price target of $10.5k as ETH reaches new highs and continues to outperform BTCContinue to see more upside in...

THE HEADLINES [Members Area Crypto] STABLECOINS WILL HELP SUPPORT US DOLLAR www. reuters. com SEC Commissioner Hester Peirce believes that the continuing growth of dollar pegged stablecoins will help support the US dollar against China’s effort to dethrone the USD with their digital yuan. [Members Area Crypto] EIB OFFERING WAS CBDC EXPERIMENT www. banque-france. fr The Bank of France said that this week’s issuance of a €100 million blockchain-based bond...

THE HEADLINES [Members Area Crypto] POWELL WANTS TO GET CBDC RIGHT www. reuters. com 📺Fed Chair Jerome Powell addressed central bank digital currencies during his Federal Open Market Committee press conference saying he believes the US has an “obligation to understand the technology and policy issues” related to central bank digital currencies while adding that it is “far more important to get it right than to do it fast” and...

THE HEADLINES [Members Area Crypto] TURKEY LOOKING TO ESTABLISH CENTRAL CUSTODIAN BANK www. bloomberg. com In response to the two local digital currency exchange failures within the past week, the government of Turkey is planning to establish a central custodian bank to eliminate counter-party risk. [Members Area Crypto] IRAN TO ALLOW SELECT IMPORTERS TO PAY IN CRYPTO www. financialtribune. com The Central Bank of Iran announced that banks and licensed...

THE HEADLINES [Members Area Crypto] SOUTH KOREA TO TAX CAPITAL GAINS FROM CRYPTO STARTING NEXT YEAR www. reuters. com South Korea’s finance minister said the government will begin taxing capital gains of more than ₩2.5 million ($2,253) derived from trading virtual assets in January [Members Area Crypto] KOREAN FINANCIAL WATCHDOG REQUIRES EMPLOYEES TO DECLARE CRYPTO HOLDINGS www. koreatimes. co. kr South Korea’s Financial Service Commission is requiring all employees to...

THE HEADLINES [Members Area Crypto] TURKEY TO RELEASE DETAIL OF CRYPTO REGULATIONS www. reuters. com According to the governor of Turkey’s central bank, the Ministry of Finance is working on crypto regulations and plans to provide some details within the next two weeks. [Members Area Crypto] SEOUL SEIZES CRYPTO FROM TAX DELINQUENTS www. en. yna. co. kr The metropolitan government of Seoul announced it has seized $22 million in cryptocurrencies...

🚩Grayscale Bitcoin Trust (OTCQX: GBTC) trading at 19% discount THE HEADLINES [Members Area Crypto] LEGAL TASK FORCE RELEASES DIGITAL DISPUTE RESOLUTION GUIDELINES www.35z8e83m1ih83drye280o9d1-wpengine. netdna-ssl. com The government backed UK Jurisdiction Taskforce has released “Digital Dispute Resolution Rules” which intend to provide clarity for legal disputes over crypto assets, smart contracts, and blockchain applications, and foster confidence amongst businesses adopting these technologies. [Members Area Crypto] TURKISH AUTHORITIES INVESTIGATING FAILED CRYPTO EXCHANGE...

THE HEADLINES [Members Area Crypto] CRYPTO TO BE ADOPTED IN CUBA'S 5 YEAR PLAN www. decrypt. co The newly elected government of Cuban President Miguel Díaz-Canel has adopted a proposal to include cryptocurrency as part of the “economic and social policy guidelines of the party and of the revolution” over the next five years. [Members Area Crypto] HOUSE PASSES ELIMINATE BARRIERS TO INNOVATION ACT www. republicans-financialservices. house. gov The House...