Crypto Research

MARKET ANALYSIS Following a brief dip below $9,000 on Monday, Bitcoin rallied in line with other major markets to close the day at $9,450. Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis. Bitcoin led all other major crypto assets over the past week by 2% - 3%.   FS Crypto FX 250 was the best performing index last week, finishing the week...

THE HEADLINES [Members Area Crypto] US MUST LEAD DEVELOPMENT OF BLOCKCHAIN AND DIGITAL ASSET MARKET www. hblr. org CFTC Commissioner Heath Tarbert is proposing a regulatory framework advocating financial regulation based on principles rather than specific rules, and warns that “applying overly prescriptive rules could stunt the development” of blockchain and digital assets – a market Tarbert believes “the United States much lead.” [Members Area Crypto] MAURITIUS RELEASES NEW STO...

THE HEADLINES [Members Area Crypto] BANK OF KOREA REVIEWING CBDC www. cointelegraph. com The Bank of Korea has formed an advisory group to evaluate issues surrounding the issuance of a central bank digital currency (CBDC). [Members Area Crypto] CHINESE BANKS NOT CLOSING CRYPTO ACCOUNTS www. cointelegraph. com China’s leading banks have said that they will not close customer accounts transacting in cryptocurrencies as long as “there is any involvement of...

THE HEADLINES [Members Area Crypto] INDIAN GOVERNMENT PROPOSING CRYPTO BAN www. economictimes. indiatimes. com India’s Finance Ministry has begun circulating a new proposal that will make both the direct and indirect use of cryptocurrencies punishable with a fine or imprisonment. [Members Area Crypto] ESTONIA CLAMPING DOWN ON CRYPTO FIRMS www. bloomberg. com Estonia has begun withdrawing crypto licenses – 500 so far this year – in an effort to respond...

THE TEN RULES OF BITCOIN INVESTING: RULE NO. 5 THE RULE OF ‘THE TEN BEST DAYS.’ If you have read the first four parts of this series, you’d know that: 1 the U.S. is going to be very important in the continued development of Bitcoin and crypto currencies; 2 the Bitcoin Misery index is a proprietary FSI tool that has been a good way to evaluate how investors feel about...

Highlights from the North American listed crypto, blockchain and mining stocks:Interest in Canaan (NASDAQ: CAN) has jumped 47% this week, with the average volume braking 1 million shares.The premium to NAV on the Grayscale Bitcoin Trust (OTCX: GBTC) increased 28% while the premium on the Grayscale Ethereum Trust (OTCX: ETHE) is nearing 850% after gaining 7% this week.Hut 8 Mining (TSX: HUT. TO) filed a preliminary prospectus last night in connection with an overnight marketed public offering...

SEEING IS BELIEVING FOR MANY TA’S BUT TRADERS AND INVESTORS DON’T ALWAYS HAVE THAT LUXURY - Many technical analysts understandably prefer to see technical patterns resolve in one direction or another before committing new capital to a developing trend. We  have said it before, pre-judging technical patterns before they resolve can be detrimental to one’s  financial health. That’s all fine for starting new positions but most investors are already committed...

THE HEADLINES [Members Area Crypto] GHANA WORKING TO DEVELOP CBDC www. ghanaweb. com The Bank of Ghana announced that the West African nation is still interested in developing a central bank digital currency (CBDC) to promote a cash-lite agenda. [Members Area Crypto] GIANCARLO TESTIFYING ABOUT DIGITAL DOLLAR www. financialservices. house. gov The US House Committee on Financial Services is holding a virtual hearing on “Inclusive Banking During a Pandemic” tomorrow...

MARKET ANALYSIS This week, Bitcoin’s price volatility dropped to its lowest level since the Black Thursday crash on March 12th; indicating a sustained lack of definitive direction in the market over the past few weeks. Following Black Thursday, Bitcoin rallied over 150% leading up to the mining reward halving, but has yet to establish a prolonged break above its key $10K resistance level. As of June 8th, it was trading...

CRYPTO FEAR AND GREED INDEX The Crypto Fear & Green Index dropped 4 points this week, but has remained flat over the past 5 days, signaling the market sentiment monitor has moved back into a neutral position. MANAGING YOUR PRIVATE KEYS Many investors prefer to self-custody their digital assets, but this brings many risks and the added threat of theft and cyber attack. Bitcoin engineer Jameson Lopp published a  “Dos and Don'ts of...

THE HEADLINES [Members Area Crypto] CBDC'S COULD DRIVE DEPOSITS AWAY FROM COMMERCIAL BANKING SECTOR www. philadelphiafed. org The Federal Reserve Bank of Philadelphia believes the stability of central banks over investments banks could cause a ‘deposit monopolist’ and drive deposits of government issued digital currencies away from the commercial banking sector. [Members Area Crypto] RUSSIAN PLANS TO USE BLOCKCHAIN VOTING SYSTEM www. dailyhodl. com Russia intends to use blockchain voting...