Crypto Research

THE HEADLINES [Members Area Crypto] CHINA SEES DIGITAL CURRENCIES AS NEXT BATTLEFIELD www. reuters. com An article published by the People’s Bank of China (PBoC) believes digital currencies are becoming the new battlefield of competition between sovereign countries and is calling on the PBoC to act quickly and “seize the first track.” [Members Area Crypto] EU TO INTRODUCE CRYPTO-ASSETS REGIME BY 2024 www. reuters. com The European Union plans to...

ARGENTINA ADDS USD WITHHOLDING TAX Expect local crypto activity in Argentina to increase. The government of the South American nation, with a reported year to date low 40.6% inflation rate in July, has decided to impose a 35% withholding tax on purchases of US dollars and overseas credit card payments. Pharmaceutical and healthcare services, books, online research and education services, and spending on fire protection equipment has been omitted from the tax. THE HEADLINES...

Highlights from the North American listed crypto, blockchain and mining stocks:Chinese mining stock Ebang International (NASDAQ: EBON) is the top performer of the week generating a 8% increase in its stock price. EBON is the only company to outperform bitcoin (7.2% return) this week.Hive Blockchain (TSX: HIVE) reported year end results for fiscal 2020 generating income from digital currency mining – mining bitcoin (BTC), ether (ETH) and Ethereum classic (ETC) – of $29.2 million with adjusted...

THE HEADLINES [Members Area Crypto] BAHAMAS ROLLING OUT SAND DOLLARS IN OCTOBER www. bloomberg. com The Bahamas will roll out its digital sand dollar nationwide in October with plans to mint new dollars on demand and only when physical Bahamian dollars are retired to maintain a tight monetary policy. [Members Area Crypto] INDIA'S CRYPTO LAWS MAY BAN TRADING www. bloomberg. com India’s long awaited digital currency regulations will likely ban...

For a full copy of this report in PDF format please click HERE  MARKET ANALYSIS Following last week’s downside volatility, Bitcoin stabilized and regained some ground finishing the week ending 9/14 up 2.8% at $10,663. Bitcoin currently sits around ~$10,850 and seems poised to retest $11,000. Bitcoin is still down double digits this month (-10%) alongside oil and commodities. Historically, September has been Bitcoin’s worst performing month. Amongst all the...

CRYPTO FEAR AND GREED INDEX Following last week’s major decline, the Fear & Greed Index for bitcoin and other large cryptocurrencies has shown an overnight pop with the price bitcoin returning back above $10,600, gaining 8 points on the day and 6 points since last week’s update. Investors are strongly back with a more ‘neutral view’ of the asset class.  HOW POMP CONVINCED CRAMER TO BUY BITCOIN I have been listening...

GROWING FOCUS ON ETHEREUM Digital exchanges are looking to grow by supporting Ethereum based projects. In recent days both Binance and Kraken have made statements showing their desire to help this ecosystem grow. Binance CEO Changpeng Zhao tweeted he would like to see more DeFi projects moving over to Binance Smart Chain and Kraken has posted a new position to hire an “external advocate” bridging mainstream investors and the Ethereum community. CHINA’S PUBLIC BLOCKCHAIN COMPANIES BLOCKCHAIN NOT LIVING UP TO...

THE HEADLINES [Members Area Crypto] ECB VERDICT ON DIGITAL EURO EXPECTED SHORTLY www. bloomberg. com European Central Bank President Christine Lagarde announced that the findings of euro-zone central bankers will be presented to the public on whether or not the region needs to create a digital version of its currency “in the coming weeks;“ this will be followed by. period of "consultation” before any action is formally taken. [Members Area...

Highlights from the North American listed crypto, blockchain and mining stocks:Chinese mining equipment supplier Ebang International (NASDAQ: EBON) hit a new 52-week high this week ($8.60) propelling it to the top performing asset spot, up 22.3% this week.Canaan (NASDAQ: CAN), a crypto rig manufacturer, announced a $10 million 12-month share repurchase programWhile the Premium to Nav of the Grayscale Bitcoin Trust was basically flat, all of the other Grayscale offerings showed significant increases led by...

For a full copy of this report in PDF format please click HERE MARKET ANALYSIS Following a quiet August for Bitcoin price action, the asset sold off from its highs around  $12,000 to as low as $9,946 on Saturday, before climbing back above $10,000 support and ending the week around $10,400. For the 7 days ended 8/7, Bitcoin was down 11.2% and now sits around ~$10,250. Despite its meaningful sell-off, Bitcoin...

THE HEADLINES [Members Area Crypto] CRYPTO'S USE IN MONEY LAUNDERING STILL 'RELATIVELY SMALL' www. swift. com A SWIFT research report on cyber crime finds that cases of theft and laundering through digital currencies “remain[s] relatively small compared to the volumes of cash laundered through traditional methods’” but the use of mixers and tumblers could “could boost the appeal of cryptocurrency for nefarious purposes.” [Members Area Crypto] BANGLADESH’S GETTING BLOCKCHAIN-BASED CROSS...