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 EXCHANGE, CUSTODY AND PRODUCT NEWS THOUGHTS ON THE ECOSYSTEM

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 EXCHANGE, CUSTODY AND PRODUCT NEWS

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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 MARKET DATABitcoin’s 180 day volatility hit a 23-month low of 0.028 over the weekend.Decentralized exchange Uniswap’s trading volumes in September exceeded Coinbase’s volume by 13%.The total volume of digital currency exchanges was $169 billion in September with Binance accounting for 66% of the market share followed by Coinbase at 8%. EXCHANGE, CUSTODY AND PRODUCT NEWS THOUGHTS ON THE ECOSYSTEM

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 MARKET DATA EXCHANGE, CUSTODY AND PRODUCT NEWS THOUGHTS ON THE ECOSYSTEM

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...