Crypto Research

WEEKEND READINGWhy Central Bankers Got Serious About Digital Cash, a discussion the efforts by central banks following the release of Libra. Have a happy Columbus Day weekend. There will no BitDigest on Monday morning. THE HEADLINES [Members Area Crypto] LEADING CENTRAL BANKS RELEASE DOCUMENT OUTLINING REQUIRED FEATURES OF CBDC www. bis. org A group of 7 central banks including the US Fed, Bank of Japan and ECB, joined the Bank of...

Highlights from the North American listed crypto, blockchain and mining stocks:Grayscale Digital Large Cap Fund (OTCQX: GDLC)  gained 21% posting the highest return of the North American publicly traded firms driving its premium to NAV by 57%Canaan (NASDAQ: CAN) announced a new share repurchase program committing up to buy back up to $10 million sharesRiot Blockchain (NASDAQ: RIOT) has purchased an additional 2,500 next generation Antminers from Bitmain for $6.1 millionHong Kong based digital currency exchange Diginex (NASDAQ: EQOS)...

THE HEADLINES [Members Area Crypto] FCA BANS SALE OF CRYPTO-DERIVATIVES TO RETAIL CUSTOMERS www. fca. org. uk The UK’s Financial Conduct Authority has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of cryptoassets including bitcoin, ethereum and ripple to retail consumers. [Members Area Crypto] CLARITY REQUIRED FOR BLOCKCHAIN PAYMENT SYSTEMS www. decrypt. co Brian Brooks, the acting Comptroller of the Currency,...

Webinar Slide DeckDownload

CRYPTO FEAR AND GREED INDEX The Fear & Greed Index for bitcoin and other large cryptocurrencies inched two point higher bringing the sentiment gage into a neutral position at 47. Over the past 30 days the index has held within a range of 38 to 52 following its dramatic drop from 80+ levels to begin the month of September. OCTOBER 15 IS COMING The upcoming date of October 15th is garnering...

THE HEADLINES [Members Area Crypto] SEC CHAIRMAN OPEN TO TOKENIZED STOCKS www. decrypt. co SEC Chairman Jay Clayton sees stocks becoming tokenized in the future and says he is open to tokenizing an exchange traded fund, announcing that the SEC is “willing to try that; our door is wide open. If you want to show how to tokenize the ETF product in a way that adds efficiency, we want to...

REGULATORY WARNINGS This week saw major announcements from US regulators taking action against unregistered crypto projects. The SEC won a summary judgement against social-messaging platform Kik for its 2017 ICO, and settled charges against Salt Lending for its unlawful raising activities around the same time. And the week ended with a major announcement as the CFTC filed charges against BitMEX for operating an unregistered trading platform (see below). While the crypto industry continues to request greater clarity...

For a full copy of this report in PDF format, click this link. HORIZEN (ZEN) (“Horizen”) is a next-generation internet platform structured as a publicly traded Distributed Ledger Technology (“DLT”) cryptonetwork that was launched in Q2 2017. Horizen gives users control over their online data with its blockchain cloud computing platform for money, messages, media, and third-party decentralized applications (“DApps”). Web 3.0 decentralized internet alternatives like Horizen have the potential to...

Highlights from the North American listed crypto, blockchain and mining stocks:A week after announcing plans to increase its PR efforts, Marathon Patent Group (NASDAQ: MARA) posted the top return this week with a 19.5% price jumpHive Blockchain (TSXV:HIVE) announced record production for ethereum and ethereum classic mining (32,000 ETH and 121,000 ETC) during the quarter at an approximate cost of $150 per each ETHEbang International Holdings (NASDAQ: EBON) was approved by Canadian regulators to...

THE HEADLINES [Members Area Crypto] FINCEN TELLS BANKS TO ASSESS THEIR CRYPTO EXPOSURE www. fincen. gov Good morning. It is a pleasure to be joining you all and I would like to thank Kieran Beer for inviting me to be a part of today’s virtual event. In our time together today, I would like to: [Members Area Crypto] SEC WON'T TAKE ACTION AGAINST COMPLIANCE-FOCUSED DIGITAL SECURITY EXCHANGES www. coindesk. com...

For a full copy of this report in PDF format please click HERE. MARKET ANALYSIS This week, Bitcoin gained some ground but largely still exhibited choppiness as it consolidated above $10,000. As of yesterday, Bitcoin has closed above the key level of $10,000 for 64 consecutive days, which is an all-time high. The previous all-time high was 62 consecutive days back in 2017-2018. At time of writing, Bitcoin is currently trading...