Crypto Research

THE HEADLINES [Members Area Crypto] YELLEN SEES MISUSE OF CRYPTO AS 'GROWING PROBLEM' www. home. treasury. gov Treasury Secretary Janet Yellen sees the misuse of cryptocurrencies and virtual assets as a growing problem, but says there is ‘promise’ in these new technologies and is committing “ to help scale and leverage that kind of responsible innovation.” [Members Area Crypto] LAGARDE DOES NOT SEE CENTRAL BANKS HOLDING BITCOIN AS TREASURY RESERVE...

THE HEADLINES [Members Area Crypto] ECB LOOKING TO PROTECT BANK DEPOSITS WITH DIGITAL EURO ROLLOUT www. ecb. europa. eu Fabio Panetta, deputy governor of the Bank of Italy and an executive member of the European Central Bank (ECB), says that the ECB is looking to avoid an impact to bank deposits by only allowing individuals to maintain digital holdings at the ECB up to a “certain threshold” possibly around €3,000...

Gemini dollar (GUSD) has broken the $100 million marketcap and has been added to the daily tracking chart above. _CRYPTO FEAR & GREED INDEX_ The Fear & Greed Index for bitcoin and other large cryptocurrencies jumped 12 points over night reaching 95, a repeat of its highest level ever and a level not posted since January 6th, on news that Tesla had bought $1.5 billion in bitcoin. The index rose 19...

Tesla news sent Bitcoin and crypto soaring this morning. We see this as an important moment for market validation but are not surprised by the move. In our 2021 CRYPTO OUTLOOK report we saw corporate crypto buyers as a key catalyst for demand (slide 19: factor #16) and reason for raising our price target on Bitcoin from $40k to $100k. We’re reiterating our bullish view on crypto. ● TESLA $1.5...

THE HEADLINES [Members Area Crypto] GOVERNMENT MAY USE ORDINANCE TO PASS CRYPTO LAWS www. cnbctv18. com The Modi government is looking to fast track its new crypto regulations by following an ordinance route to pass the cryptocurrency and regulation of official digital currency bill. Under Indian law, an ordinance is a law promulgated by the President of the country on the recommendation of his/her cabinet with the same effect as...

THE HEADLINES [Members Area Crypto] CONGRESS RELEASES DETAILED REPORT ON GLOBAL TAX TREATMENT OF DIGITAL CURRENCIES www. loc. gov 📝The Library of Congress has released a report surveying the global tax treatment of tokens obtained by mining and staking, and from airdrops and hard forks, across 31 countries. The report shows that while a number of countries have provided guidance on bitcoin and other proof of work coins, only a...

THIS MESSAGE IS BEING SENT SOLELY TO CLIENTS OF FSINSIGHT Last Thursday, we held our FSInsight 2021 crypto outlook call and made three bold predictions:We raised our price target on Bitcoin from $40k to $100k.We reiterated our $10.5k Ethereum price target released on 1/20/2021.We forecasted the total crypto market cap to rise to $5T. Source: FSInsight OUTLOOK IMPLIED CRYPTO MARKET EXPECTATIONS While prices have risen a bit since our call...

Highlights from the North American listed crypto, blockchain and mining stocks:Voyager Digital (CSE: VYGR) was the best performing stock this week gaining 151.1%.Bit Digital (Nasdaq: BTBT) announced management changes with the resignation of the company’s Chairwoman and removing the firms CEO.HIVE Blockchain Technologies (TSX.V:HIVE) is expanding its Swedish GPU mining center by 30% adding 2 MW at the cost of $9 million by the second quarter. The firm also filed a $100 million mixed shelf...

THE HEADLINES [Members Area Crypto] QUESTIONS BEING RAISED ABOUT INDIA'S CRYPTO INTENSIONS www. ambcrypto. com India’s Minister of State for Finance and Corporate Affairs said his government is not currently considering the issuance of its own digital currency and that the statements to this effect was part of a series of responses to Parliamentary questions and taken out of context. That said, last week the Reserve Bank of India (RBI)...

THE HEADLINES [Members Area Crypto] SENATOR TO LAUNCH CAUCUS TO EDUCATE SENATE ABOUT CRYPTO INNOVATIONS www. cointelegraph. com Newly elected US Senator Cynthia Lummis (R-WY) is planning to launch a Financial Innovation “as a springboard to educate members of the U.S. Senate and their staff about bitcoin … other opportunities for cryptocurrency and financial innovation and blockchain.” [Members Area Crypto] COINBASE TO LIST ON NASDAQ www. theblockcrypto. com 📈It is...

THE HEADLINES [Members Area Crypto] INDIA TO BAN CRYPTOCURRENCIES AND ISSUE CBDC www. reuters. com The Government of India is planning to introduce a law to prohibit private cryptocurrencies and install a framework for an official digital currency to be issued by the Reserve Bank. [Members Area Crypto] DIGITAL EURO MAY OPERATE ON TIPS www. reuters. com Bank of Italy Governor Ignazio Visco says the European Central Bank is exploring...