Crypto Research
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TechnicalRoundup’s weekly view on bitcoin/dollar is bearish based on bitcoin’s recent difficulty in closing above $7,000. “Nevertheless, as time has progressed, a counter-argument is starting to emerge. Bitcoin/Dollar has been testing the $7000 area for several consecutive weeks now, and no strong rejection has materialized. This could be interpreted as evidence of weakening resistance following recurring tests.” THE HEADLINES [Members Area Crypto] CHINA APPEARS TO HAVE BEGUN TESTING CBDC www. decrypt. co...
In the current market environment, with the sharp price volatility seen in Bitcoin (BTC) and cryptocurrencies generally in the past 12 months, it’s fair for investors to ask, “What’s going on?” While follow on contagion and spillover from the global economic chaos is the easiest answer, I think that the situation deserves a closer look, as there might be market nuances worth examining in detail. I see a number of...
Readers Note: The crypto weekly newsletter was not published last Friday due to the Easter holiday and has been moved to today instead. PORTFOLIO STRATEGY Crypto markets have seen price swings over past weeks, but despite the choppiness, markets have largely ended where we left them in prior weeks with Bitcoin sitting around $6,900 today. CRYPTO ALLOCATION: For this reason, our tactical crypto exposure recommendations haven’t changed since our last...
The Bitcoin Fear and Greed Index shows improvement in market sentiment jumping 4 points to “15” overnight. Since dropping below 30 in early March, the index has signaled investor concerns, yet as such, ’ a buying opportunity.’ THE HEADLINES [Members Area Crypto] G20 RECOMMENDS RULES FOR STABLECOINS www. reuters. com The G20’s Financial Stability Board has released 10 recommendation for an international, cross-border approach to regulating stablecoins. The recommendations, prompted...
THE HEADLINES [Members Area Crypto] EU IDENTIFIES REGULATOR CONCERNS FOR DIGITAL ASSETS www. europarl. europa. eu The European Parliament issued a report addressing key regulator concerns over the use of digital assets for illicit activities, and the development of private “tokens” and stablecoins / central bank digital currencies. The EU suggests that regulatory action should be considered “to broaden the scope of the definition of virtual currencies” and introduce a...
THE HEADLINES [Members Area Crypto] FRANCE THINKS DIGITAL ASSETS SHOULD BE REGULATED UNDER SEPARATE REGIMES: TOKENS VS. CURRENCIES www. amf-france. org France’s financial regulator has responded to the European Commission request for consolation on digital currencies by suggesting that digital assets should fall under a new regulatory regime distinguishing security tokens from digital currencies. “We believe it is important to keep the electronic money regime, which is relevant and should...
THE HEADLINES _Quiet day in the world of governmental crypto news…_ [Members Area Crypto] GALAXY DIGITAL REPORTS Q4 AND FULL YEAR 2019 FINANCIAL RESULTS www. newswire. ca Galaxy Digital reported total revenue for the year ending December 31, 2019 of CAD$132 million driven by a gain on digital assets holdings. Income was positive at CAD$25 million. This compares to a loss in 2018 of CAD$272 million. Net book value per...
THE HEADLINES [Members Area Crypto] BOE SEES POTENTIAL ROLE OF PRIVATE COMPANIES IN DIGITAL CURRENCY'S FUTURE www. coindesk. com The Bank of England (BOE) believes private company may play a larger role in the issuance and distribution of digital money. “If [current] proposals are responding to a real need – for example, some weakness in the existing payments system, or some category of users that are not being served by...
The Bitcoin Fear and Greed Index representing market sentiment in unchanged on the week. A LOOK AT CRYPTO ART A couple of years ago a friend called to ask me if CryptoKitties was a new digital currency because why else were people spending thousands of dollars buying them. CryptoKitties is a game, a Tamagotchi-like project, that allows players to collect and breed digital cats. What made this more interesting was the added feature allowing players to...
In our existing work from home environment, we have all discovered new technologies to help us adapt to this changing work lifestyle. However, I have found coronavirus has unintentionally marked the end of one of the great business innovations of the past twenty years, and has identified a major need in the acceptance of work from home technology, the latter which is being addressed through public-private key encryption like digital currencies....
PORTFOLIO STRATEGY Howard Marks, the CIO of Oak Tree Capital said something this past week that caught my attention: _“THERE’S NO ARGUMENT FOR SPENDING ALL YOUR MONEY NOW, BUT THERE’S ALSO NO ARGUMENT FOR NOT SPENDING ANY.” _ In many respects, this statement summarizes my continued view on the crypto markets. We’ve been recommending investors have exposure to the crypto markets for the past few months. Following the recent sell...
This week I watched Deep Web a 2015 documentary on Silk Road, the Darknet marketplace that was seized by the FBI in 2013. Considered the underworld’s version of Amazon, Silk Road was run by the pseudonymous Dread Pirate Roberts (“DRP”). The market site had over 1 million registered users, 10,000 products and is reported to have generated over $1 billion in sales. In the crypto world, Silk Road represents the sale of illicit products...
