Crypto Research

THE HEADLINES [Members Area Crypto] COLOMBIA TECH MINISTRY ENDORSES BLOCKCHAIN TECHNOLOGY www. cointelegraph. com The Colombian Ministry of Information Technology and Communications released a guide calling on the public sector to adopt blockchain technology, including crypto payment-related matters. [Members Area Crypto] US ARMY DEFINES NORTH KOREA'S MILITARY HACKING APPARATUS www. documentcloud. org The US Army has issued a report identifying that North Korea has more than 6,000 cyber hackers operating...

For a full copy of this report in PDF format please click HERE MARKET ANALYSIS After bumping up against its $12,000 resistance level for the greater part of the week, Bitcoin broke above $12,000 on Monday August 17th and finished the 7D period up 3.8% at $12,316. Open interest on CME Bitcoin Futures hit an all-time high on Friday ($846M vs last week’s record of $840M) and Bitcoin’s hashrate hit an...

CRYPTO FEAR AND GREED INDEX The Fear & Greed Index for bitcoin and other large cryptocurrencies dropped two points this week to 82, but is up 50% over the past month signifying the positive change in outlook by investors on the leading digital currencies. THE HEADLINES [Members Area Crypto] EUROPEAN CENTRAL BANKERS MEETING TO DISCUSS CBDC DESIGNS www. cointelegraph. com The Official Monetary and Financial Institutions Forum (OMFIF) is hold a...

THE HEADLINES [Members Area Crypto] FED PROVIDES UPDATE ON HYPERLEDGER FABRIC TESTS www. federalreserve. gov The Federal Reserve has published details of “FooWire,” a 2019 payment trial using Hyperledger Fabric’s blockchain and noted that the platform “generally met the team’s design requirements of a closed network, mature technology, and enterprise readiness” and “highlighted the need for more experimentation to better understand the possibilities for wide-scale adoption and use of any...

WEEKEND READINGLibra executive Dante Disparte published an article in The Harvard Business Review suggesting that blockchain-based payments can help bring more than 1.7 billion unbanked and underbanked people into the formal economy and help eliminate the expense structures that currently exist.The Financial Times published a profile on Ripple and its effort to “ find [a] compelling [use] for the blockchain technology underpinning … currency .”👍German based crypto VC Greenfield One has published a detailed report on the state...

Highlights from the North American listed crypto, blockchain and mining stocks:Grayscale Digital Large Cap Fund (OTCQX: GDLC) was the top performing stock in the blockchain and crypto universe, posting a 7.4% return, and the only company that achieved a positive return on the week.Marathon Patent Group (NASDAQ: MARA) and Riot Blockchain (NASDAQ: RIOT) both started the week achieving all-time-highs before beginning a gradual decline in price.Hut8 Mining (TSX: HUT. TO) announced various operational updates last...

THE HEADLINES [Members Area Crypto] PBOC TO DEPLOY DCEP IN GREATER BAY AREA www. decrypt. co The People’s Bank of China announced that it would formally launch its DCEP (digital currency electronic payment) in the Greater Bay Area, a region comprising of Guangdong, Hong Kong, and Macau. [Members Area Crypto] GERMANY TO INTRODUCE ELECTRONIC SECURITIES www. jonesday. com Germany is planning to allow the issuance of digital securities, “bearer bonds”,...

For a full copy of this report in PDF format please click here MARKET ANALYSIS For the second time in two weeks, Bitcoin climbed above $12,000. Overall, it finished the week ended 8/11 up 5.6% at $11,878. Notably, it traded above $11,000 for the entire week for this first time since August 2019. Source: FSInsight, Bloomberg Source: FSInsight, Bloomberg Bitcoin led all other major crypto assets by 3% - 9%...

CRYPTO FEAR AND GREED INDEX The Fear & Greed Index for bitcoin and other large cryptocurrencies has reached its highest level in 13 months, gaining 12 points this week. THE HEADLINES [Members Area Crypto] IRELAND FINALIZING BILL FOLLOWING EU MONEY LAUNDERING DIRECTIVE www. irishexaminer. com Ireland’s cabinet plans to publish the Money Laundering and Terrorist Financing Amendment Bill 2020 that will install new tougher regulations on virtual currency providers and...

WILL BLOCKCHAIN BECOME THE NEXT TECH BATTLE GROUND WITH CHINA Like many others, I spent the weekend reading about President Trump’s decision to ban Americans from carrying out transactions with Chinese owned apps TikTok and Wechat. This morning, I discovered that China has released an international website for its national blockchain, the Blockchain Service Network (BSN), inviting developers to create new applications to run on this seemingly-centralized network. Given that China appears to be...

THE HEADLINES [Members Area Crypto] FED APPROVES CORE FEATURES OF FEDNOW www. federalreserve. gov Fed Governor Lael Brainard says that based on stakeholder feedback, the Fed has approved the core features and functionality of FedNow, a consumer focused instant payments system which is expected to be operational by 2023-24 [Members Area Crypto] FSA CHIEF WARNS DEREGULATING CRYPTOCURRENCIES MAY NOT PROMOTE TECHNICAL INNOVATION www. reuters. com Japan’s new top financial regulator...