Crypto Research

If you know me, you probably know that I have developed a passion for video gaming and esports that matches my interest for digital currencies and blockchain (it’s a passion but don’t ask me for my online name, I am not a very skilled player).  While I started playing video games in the early 70’s with a Pong console and black and white television, it was not until last year that...

THE HEADLINES [Members Area Crypto] NEWS FROM MT. GOX CREDITORS MEETING www. mtgox. com At yesterday’s Mt. Gox meeting the Trustee announced he would liquidate all forked coins excluding bitcoin (BTC) and bitcoin cash (BCH) in an effort to assist the creditors as many creditors did not have access to exchanges that traded these tokens. More importantly, I was told that the 80k BTC claimed by Tibanne, the legal parent...

THE HEADLINES [Members Area Crypto] CFTC ISSUES GUIDANCE ON ACTUAL DELIVERY FOR DIGITAL ASSETS www. cftc. gov The Commodity Futures Training Commission (CFTC) has issued the final interpretive guidance on actual delivery for digital assets. The final guidance discusses two primary factors demonstrating “actual delivery” of the virtual currency: securing of the assets by the customer and the complete legal and physical transfer and release of the asset from the...

THE HEADLINES [Members Area Crypto] HOUSE DEMOCRATS CONSIDERING DIGITAL DOLLAR FOR CRISIS PAYMENTS www. news. bloomberglaw. com House democrats are calling for the development of a digital dollar and wallet to help distribute the direct cash assistance to Americans hurt by the coronavirus pandemic. Legislation issued by House Financial Services Committee Chairwoman Maxine Waters (D-CA) would require the Federal Reserve provide payment of a digital dollar to individuals eligible for...

There has been lots of discussion about the US government’s plans to provide direct cash assistance to Americans hurt by the coronavirus pandemic. I spoke to several people who were concerned about how they would receive their $1,200 payment. In one case, the person had just moved and was unsure whether they will still receive their check in the mail. I am sure this is obvious to readers of BitDigest but...

I heard a rumor earlier this week that a major bank (my bank) had limited cash withdrawals from ATMs. This turned out to be false, but banks are closing allowing employees to go into self-quarantine (Chase announced it was closing 20% of its branches and I expect more banks to follow) and there are already stories of people either withdrawing large amounts of cash (Bill Ackman) or banking systems being...

Every few days I ending up talking about one of the North American public companies participating in the digital currency ecosystem. While I will continue to report on their respective corporate announcements, I am going to start providing the following basic chart every week to show key market data. I am happy to consider adding names to this list. THE HEADLINES [Members Area Crypto] SINGAPORE UPDATES AML CRYPTO GUIDELINES www....

I have looked at a lot of different technical analysis over the past several years and I recently discovered some new work from Technical Roundup, a shop based in the UK. I plan to start incorporating their bitcoin (BTC) analysis into BitDigest every Wednesday to provide a technical explanation for BTC’s price action. THE HEADLINES [Members Area Crypto] RIKSBANK LOOKING TO AMEND CHARTER TO FINANCE BIS INNOVATION HUB www. bit....

THE HEADLINES [Members Area Crypto] ZIMBABWE DEVELOPING REGULATORY FRAMEWORK www. chronicle. co. zw The Reserve Bank of Zimbabwe (RBZ) has begun drafting a framework, a regulatory sandbox, to guide the use of financial technologies including digital currencies. The RBZ’s deputy director financial markets and national payment systems explained the proposed regulations would ensure that cryptocurrency companies would be vetted through the regulatory sandbox so as to meet regulatory requirements. [Members...

THE HEADLINES [Members Area Crypto] BOE LOOKING FOR FEEDBACK ON DIGITAL CURRENCIES www. finextra. com The Bank of England knows “the way we pay is changing” and has released a Discussion Paper on central bank digital currencies. The BoE is calling on the public to share feedback on the challenges and risks associated with the BoE’s efforts to provide an innovated digital money while meeting its objective of maintaining monetary...

THE HEADLINES [Members Area Crypto] JAPANESE FINANCIAL WATCHDOG INTRODUCES GLOBAL PLATFORM TO PROMOTE BLOCKCHAIN TECHNOLOGY www. finextra. com Japan’s financial watchdog, the Financial Services Agency, is launching a global network to provide blockchain stakeholders with an open and neutral platform for multiparty dialogue. The Blockchain Governance Initiative Network” (BGIN - pronounced ‘BEGIN’) hopes to develop a common language and understandings among stakeholders with diverse perspectives, and build academic anchors through...