Crypto Research

Highlights from the North American listed crypto, blockchain and mining stocks:Hive Blockchain (TSX.V: HIVE) returned 35.2% generating the top weekly return among the tracked North American equity universe.The premium to NAV for Grayscale’s Bitcoin Trust (OTCQX: GBTC) jumped from around 20% to 30% as the bitcoin broke its’s all time high while the premium for the Ethereum Trust (OTCQX: ETHE) also doubled over the past weeks.As released below, the the Ethereum Trust (OTCQX: ETHE) announced a...

At the beginning of Q4, we released our report Horizen: Web 3.0 Platform Targeting Big Tech Super App Disruption. Horizen (ZEN) is a next-generation internet platform structured as a cryptonetwork that gives users control over their online data with its blockchain cloud computing platform for money, messages, media, and third-party decentralized applications. During the quarter, the ZEN token appreciated 145%, benefited by a 70% gain in Bitcoin, new partnership deals...

AN UNINSPIRING BEGINNING Bitcoiners often talk about meaning behind the message hidden in the genesis block: “Chancellor on brink of second bailout for banks” referring to a Times of London headline from the day the first block was mined so with the first block of Ethereum 2.0, it was hoped that an inspirational message would be included, or as Ethereum founder Vitalik Buterin said, “something profound… about giant leaps for mankind.”...

ETHEREUM 2.0 IS HERE While I avoid discussing technical attributes of different blockchain protocols, it should be noted that today marks a milestone in the evolution of Ethereum with the release of Ethereum 2.0’s proof-of-stake beacon chain signifying the start of a move away from proof-of-work and perceived high cost mining. THE HEADLINES [Members Area Crypto] LAGARDE IDENTIFIES FLAWS IN CRYPTO www. ecb. europa. eu European Central Bank president Christine Lagarde sees...

THE HEADLINES [Members Area Crypto] CHINA WANTS TO BUILD DIGITAL SILK ROAD ACROSS ASEAN BLOC www. scmp. com Chinese President Xi Jinping has told members of the Association of Southeast Asian Nations (Asean) that China will continue its opening-up strategy to drive the global recovery from the Covid-19 pandemic and plans to promote a “digital Silk Road” across the region. [Members Area Crypto] OECD TO ISSUE CRYPTO TAX FRAMEWORK IN...

WHAT WE ARE WATCHING 📈 With numerous exchanges trading bitcoin, defining an all-time-high is a difficult number to establish. Coinmarketcap. com has bitcoin hitting $20,052 on December 17, 2017 and among the bitcoin community, I think it’s commonly stated that bitcoin surpassed $20k that year. But among many institutional investors bitcoin’s high is $19,511 as this figure is what Bloomberg is reporting. With the increasing entrance of institutional investors entering the cryptosphere, we...

THE HEADLINES [Members Area Crypto] US OFFICIALS OVERLOOK VALUE OF FORKED COINS IN SILK ROAD SEIZURE www. coinfirm. com US authorities appear to have ignored the potentially of millions of dollars tied to the $1 billion in bitcoin the Department of Justice recently seized from an anonymous person tied to the Silk Road in forked coins. [Members Area Crypto] IRS ISSUING INCORRECT DISCREPANCY REPORTS TO COINBASE TRADERS www. theblockcrypto. com...

THE HEADLINES [Members Area Crypto] XI ASKS G20 TO BE OPEN TO CBDCS www. fmprc. gov. cn Chinese President Xi Jinping asked members of the G20 to be “open and accommodating” to the development of central bank digital currencies as the global economy attempts to recover from the fallout of the COVID-19 pandemic. [Members Area Crypto] OCC CALLS FOR EQUAL SERVICE FOR ALL FINANCIAL ENTITIES www. occ. treas. gov In...

BLOCKCHAIN IS AT A TIPPING POINT Over the past few days Economist Nouriel Roubini reiterated his belief that blockchain is the “most overhyped technology ever.” Ken Seiff and the team at Blockchange Ventures recently published an investor letter that clearly disagrees with Roubini’s statement and suggested that blockchain is on a trajectory to become a generation technology shift as consequential as the internet. They identified 6 reasons why they see blockchain “at a tipping...

Highlights from the North American listed crypto, blockchain and mining stocks:Grayscale’s Litecoin Trust (OTCQX: LTCN) with its 3335% premium to NAV was the top performing crypto asset in the North America equity universe jumping 104% on extremely low volumes.Galaxy Digital (TSX: GLXY) had a very big week, announcing record high trading volumes of $1.4 billion drove quarterly income to $44.5 million, the acquisition of two leading cryptocurrency trading firms, and plans to...

THE HEADLINES [Members Area Crypto] DUTCH CENTRAL BANK WANTS PROOF OF OWNERSHIP www. eng. ambcrypto. com The Central Bank of the Netherlands has announced a requirement on all domestic digital exchange customers requiring them to “prove” they really control their withdrawal address. [Members Area Crypto] TRUMP NOMINATES BROOKS TO HEAD OCC www. decrypt. co President Trump has nominated crypto friendly and former Coinbase Chief Legal Officer Brian Brooks to a...