Crypto Research

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...

CRYPTO FEAR AND GREED INDEX The Fear & Greed Index for bitcoin and other large cryptocurrencies has reverted back to a more neutral level gaining 6 points from last weeks “fear” indication. Market volatility especially among DeFi protocols appears to be subduing sentiment as the crypto market cap remains in the green and has seen bitcoin rise back to $11,000 resistance levels. THE HEADLINES [Members Area Crypto] ESTONIA’S E-RESIDENCY PROGRAM LINKED...

I decided to change up the daily crypto pricing chart again and have added Polkadot (DOT), Cardano (ADA) and Chainlink (Link) – all three are now top 10 coins in terms on total market cap.. The total group identified above now equates to over 85% of the total market value of digital currencies. THE HEADLINES [Members Area Crypto] SAND DOLLAR TO BE RELEASED IN MID OCTOBER www. centralbankbahamas. com The Central Bank of The Bahamas announced...

Note: _My API to Coinmarketcap. com is not linking this morning, sorry._ Bitcoin is trading at 10,604, up 2.67% Ether (ETH) is at $340 up 3.91% XRP (XRP) is at $0.23 up 3.5% Bitcoin Cash (BCH) at $211 up 0.28% Today is the 750th edition of the newer public format of Bitdigest –it was published as a basic email for the first year – and as I read through the news...

Highlights from the North American listed crypto, blockchain and mining stocks:Chinese miner Ebang International (NASDAQ: EBON) is the top performing publicly traded asset and only North American listed crypto and blockchain stock to report positive returns this week. Marathon Patent Group (NASDAQ: MARA) was the worst performer of the week posting a -20.8% return. The crypto miner reported that its announced LOI to acquire Fastblock Mining has been withdrawn and the company has subsequently hired a new investor...

THE HEADLINES [Members Area Crypto] STABLECOINS ARE MISLEADING WITH DIFFERING SUPPORT STRUCTURES www. ecb. europa. eu The European Central Bank’s Crypto Asset Task Force released a paper suggesting the use of the term ‘stablecoins’ is “confusing and even misleading” and can lead to market risks due to the different types of stability methods supporting the tokens. [Members Area Crypto] SOUTH KOREAN REGULATOR DELAYS APPROVAL FOR NFT GAME www. cointelegraph. com...

For a full copy of this report in PDF format please click HERE. MARKET ANALYSIS This week, Bitcoin briefly traded above $11,000 before losing ground and ending the week down 1.9% at $10,455. Bitcoin has been exhibiting greater short-term correlation with the broader markets, which could be the primary reason for Bitcoin’s weakness in recent weeks. At time of writing, Bitcoin is currently trading at ~$10,500. Notably, Bitcoin’s decline corresponds with...