Crypto Research

Highlights from the North American listed crypto, blockchain and mining stocks:Marathon Patent Group (NASDAQ: MARA) is the top performing stock of the week returning over 55%. The company announced the signing of a non-binding memorandum of understanding to create North America’s first cooperative mining pool. MARA also completed its previously announced $200 million shelf offering ending the 2020 fiscal year with $217 million in cash on its balance sheet.Chinese mining equipment manufacturer Canaan has...

THE HEADLINES [Members Area Crypto] COLOMBIA ALLOWS LOCAL COMPANIES TO BUY BITCOIN www. news. bitcoin. com In an effort to inject capital into the financial system, the Superintendency of Corporations in Colombia, the department of Commerce, Industry and Tourism’s regulatory watchdog, has formally allowed companies to purchase bitcoin as an “intangible asset” as long as local regulations are followed – digital currencies are still not officially regulated in the South...

THE HEADLINES [Members Area Crypto] OCC PERMITS BANKS TO USE STABLECOINS AND BLOCKCHAINS www. www2. occ. gov The Office of the Comptroller of the Currency has issued a statement allowing national banks and federal savings associations to use blockchains and stablecoins for payment and settlement activities. [Members Area Crypto] UKRAINIAN TO DEVELOP CBDC WITH STELLAR www. stellar. org The government of Ukraine has signed a memorandum of understanding with the...

THE HEADLINES [Members Area Crypto] OVERSEAS CRYPTO HOLDINGS HELD BY US CITIZENS WILL NEED TO BE REPORTED www. fincen. gov The Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued announced its intention to add a new requirement to the Bank Secrecy Act requiring any account holding over $10,000 in digital currencies in a foreign jurisdiction to be reported. [Members Area Crypto] CONGRESSIONAL LEADERS ASK TREASURY FOR DELAY REGARDING SELF-HOSTED...

THE HEADLINES [Members Area Crypto] GMO RECEIVES BITLICENSE FOR YEN STABLECOIN www. dfs. ny. gov New York’s Department of Financial Services has granted a bitLicense charter to a US-based subsidiary trust company of Japanese internet company GMO to issue, administer, and redeem Japanese Yen and U.S. Dollar-pegged stablecoins. [Members Area Crypto] PRETRIAL HEARING SET IN RIPPLE CASE www. courtlistener. com New York’s Southern District Court judge Analisa Torres has set...

MARKET RESPONDS TO XRP CHARGES (CONTINUED) More exchanges have decided to halt trading of XRP due to the recent SEC law suit:After saying it was in a ‘holding pattern,’ Coinbase announced it would suspend XRP trading on January 19th. This decision will not affect customers’ access to XRP wallets which will remain available for deposit and withdraw functionality after the trading suspension.Crypto. com is also suspending trading activity for XRP and will delist XRP from...

MARKET RESPONDS TO XRP CHARGESCrypto entities are responding to the SEC’s XRP charges with leading market actors halting activity in XRP:Bitwise liquidated its entire position in XRP (approximately 3.8%) in its hotly traded Bitwise 10 Crypto Index Fund (OTCQX: BITW).Both Jump Trading and Galaxy Digital have stopped making markets in XRP.Bitstamp has halted XRP trading and deposits for US customersCoinbase reportedly has not made any decision and is in a “holding pattern” on the topic of suspending / delisting XRP.London-based digital exchange, B2C2 has stopped trading...

🎄Today will be the last issue of BitDigest published this week. I will provide updates early next week, but I am planning to spend some time over the remaining days of 2020 sleeping in and celebrating the holidays with my family. Wishing everyone a very Merry Christmas and happy holidays.🎅🏻 THE HEADLINES [Members Area Crypto] SEC FILES CHARGES AGAINST RIPPLE AND COMPANY EXECUTIVES www. sec. gov The US Securities and...

THE HEADLINES [Members Area Crypto] DIGITAL RUBLE IS NOT A THREAT TO BANKS www. coindesk. com Bank of Russia’s chairwoman Elvira Nabiullina believes the launch of a digital ruble would not lead “to any significant funds outflows or changes” to the domestic financial system suggesting that interest rates would not be affected and that the Bank of Russia has adequate tools to respond to the possibility of digital ruble driven...

DO YOU HAVE A DIGITAL WILL? 👍🅱️I have a relative who passed away a couple years ago and it always bothers me when I still see her accounts on social media. The Wall Street Journal ran an article on preparing a digital will and included a checklist that identifies different steps we should all take to pass control of our online accounts and records to our heirs. I strongly suggest everyone read this...

🅱️📈The Grayscale Ethereum Investment Trust (OTCQX: ETHE) 9-for-1 split is expected to go into effect today so the revised opening price of ETHE should be revised to $18.22. THE HEADLINES [Members Area Crypto] TREASURY MAY INSTITUTE NEW RULES FOR SELF-CUSTODIED WALLETS www. theblockcrypto. com The US Treasury is expected to release new regulations for how money service businesses (MSBs) should interact with self-hosted digital currency wallets and could require the MSBs to...