Crypto Research

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...

THE HEADLINES [Members Area Crypto] OCC PUTS FAIR ACCESS RULE ON HOLD www. occ. gov The Office of the Comptroller of the Currency has put the proposed rule requiring banks to conduct risk assessments on an individual customer-basis rather than make a broad-based decision affecting an entire category of customers like digital currency entities to allow the next confirmed Comptroller to review the final rule as part of an orderly...

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 prospectusHut 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 subsidiaryMarathon Patent Group (NASDAQ: MARA) has added $150 million in bitcoin to their treasury holdings Diginex (NASDAQ:...

THE HEADLINES [Members Area Crypto] FINCEN EXTENDS COMMENT PERIOD FOR UNHOSTED WALLET PROPOSAL UNTIL MARCH www. fincen. gov The Financial Crimes Enforcement Network (FinCEN) has extended the reopened comment period that would require digital currency exchanges to track information for unhosted wallet transactions another 60 days until the end of March. [Members Area Crypto] SOUTH AFRICAN FINANCIAL WATCHDOG REDEFINING CRYPTO ROLE www. bloomberg. com The South African Financial Sector Conduct...