Crypto Research

Highlights from the North American listed crypto, blockchain and mining stocks:Grayscale Bitcoin Cash Trust (OTCQX: BCHG) was the best performing tracked stock this week posting a 100% 7-day return.HIVE Blockchain Technologies (TSXV:HIVE) reported quarterly income from digital mining of $6.6 million derived from 25,562 ether and 154 newly minted bitcoin; adjusted EBITDA was $2.6 million.The premium to NAV for Grayscale Litecoin Trust (OTCQX: LTCN) jumped 137% and is now close to 950%.The Bitcoin Fund (TSX:...

THE HEADLINES [Members Area Crypto] SAND DOLLAR RELEASED www. facebook. com The Bahamian digital Sand dollar was formally released and is now available nationwide. [Members Area Crypto] NEW ZEALAND NOT READY TO ISSUE CBDC www. rbnz. govt. nz The Assistant Governor of the Central Bank of New Zealand said the bank is researching and actively considering developing in retail central bank digital currencies but has no imminent plans to issue...

THE HEADLINES [Members Area Crypto] US STUDYING CBDC AND WANTS TO GET IT RIGHT www. reuters. com Federal Reserve Chairman Jerome Powell said it is more important for the US “to get it right than be first” in a response as to whether there could be a firm mover advantage among sovereign nations issuing CBDCs. In a relatively supportive discussion, Powell stressed a CBDC would need to be safe from...

NO UPDATE FROM OKEX OKEx has not provided an update since Friday morning when withdrawals were temporarily suspended. The Chinese operated, Malta-based exchange last said that all user funds and non-withdrawal operations are safe and functioning as usual, after it was reported that an unidentified staffer responsible for users’ private keys  has been “out of touch” while cooperating with a police investigation. THE HEADLINES [Members Area Crypto] BANK OF SPAIN CONSIDERING CBDC www. bde. es...

THE HEADLINES [Members Area Crypto] PRESIDENTIAL REPORT NAMES "DLT" KEY TECHNOLOGY TO BENEFIT UNITED STATES www. whitehouse. gov The White House has issued the National Strategy for Critical and Emerging Technologies which aims to promote and protect intellectual property across science and technology and included “distributed ledger technologies” among 20 technologies defined as “critical and emerging.” [Members Area Crypto] NYDFS DIGITIZING COMPANY DATA THROUGH CRYPTO PILOT www. dfs. ny. gov...

Highlights from the North American listed crypto, blockchain and mining stocks:Grayscale’s Bitcoin Cash Trust (OTCQX: BCHG) was the top performing asset of the week returning 68.9%Ebang Holdings (NASDAQ: EBON) announced it has issued a tender offer to acquire a regulated New Zealand wealth management firm.Grayscale announced average weekly investments over the past 12 months include $39.5 million into the Grayscale Bitcoin Trust (OTCQX: GBTC), $9 million into the Grayscale Ethereum Trust (OTCQX: ETHE), $1.1 million into the Grayscale...

DCEP: A LIBERTARIAN DREAM OR TYRANNICAL NIGHTMARE I am a big proponent and advocate of digital currencies, but I try to be pragmatic and one of the sayings we have repeated in our office for the past several years is that the use of digital currencies by sovereign nations would lead to a ‘libertarian dream becoming a tyrannical nightmare.”  Trustnodes has authored an opinion piece that warns of China’s Digital Currency...

CRYPTO FEAR AND GREED INDEX The Fear & Greed Index for bitcoin and other large cryptocurrencies has moved up, gaining 9 points this week, brining the index out of its ‘neutral’ level back into a ‘greed’ position. The index is at its highest level since the early September drop. WHERE WAS CHINA IN BIS ANNOUNCEMENT? China’s South China Morning Post reported on the announcement of last week’s BIS working group on central bank...

For a full copy of this report in PDF format, click this link. KEY SLIDES FROM THIS REPORT… BAD NEWS IS NO NEWS WHILE GOOD NEWS TAKES BITCOIN HIGHER (SLIDE 2)... INTERVIEWS WITH KEY OPINION LEADERS OFFER INSIGHTS INTO WHAT IT MEANS FOR MARKETS (SLIDE 7)... KEY OPINION LEADER TAKES - LEGAL INSIGHTS: CARLTON FIELDS (SLIDE 8)... KEY OPINION LEADER TAKES - CAPITAL MARKET INSIGHTS: GENESIS (SLIDE 10)... KEY OPINION LEADER...

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)...