Crypto Research

THE HEADLINES [Members Area Crypto] DIGITAL CURRENCIES NEED TO BE REGULATED www. home. treasury. gov US Treasury Secretary Steven Mnuchin held talks with G7 Finance Ministers and Central Bank Governors resulting in further support to regulate digital currencies as they discussed “ongoing responses to the evolving landscape of crypto assets and other digital assets and national authorities’ work to prevent their use for malign purposes and illicit activities. “ [Members...

THE HEADLINES [Members Area Crypto] HONG KONG TO TEST DIGITAL YUAN www. hkma. gov. hk Hong Kong’s Monetary Authority announced plans to begin cross-border payment testing the e-CNY, the digital renminbi issued by the PBOC. [Members Area Crypto] INDIA PLANS TO TAX CRYPTO INCOME www. coindesk. com Reports from Indian suggest that the country’s tax authority is planning to seek revenues from digital investors as a result of the recent...

THE HEADLINES [Members Area Crypto] PAKISTAN ASSEMBLY CALLS FOR LEGALIZATION OF CRYPTOCURRENCIES AND MINING www. cointelegraph. com The assembly of the Khyber Pakhtunkhwa province in northwestern Pakistan, has become the first legislative assembly to call on the national government to alter country’s stance toward digital currencies and “legalize cryptocurrency and cryptomining.” [Members Area Crypto] SWITZERLAND COMPLETES WHOLESALE CBDC EXPERIMENT www. bis. org The Swiss Central Bank says it has successfully...

Highlights from the North American listed crypto, blockchain and mining stocks:Hive Blockchain (TSX.V: HIVE) returned 35.2% generating the top weekly return among the tracked North American equity universe.The premium to NAV for Grayscale’s Bitcoin Trust (OTCQX: GBTC) jumped from around 20% to 30% as the bitcoin broke its’s all time high while the premium for the Ethereum Trust (OTCQX: ETHE) also doubled over the past weeks.As released below, the the Ethereum Trust (OTCQX: ETHE) announced a...

At the beginning of Q4, we released our report Horizen: Web 3.0 Platform Targeting Big Tech Super App Disruption. Horizen (ZEN) is a next-generation internet platform structured as a cryptonetwork that gives users control over their online data with its blockchain cloud computing platform for money, messages, media, and third-party decentralized applications. During the quarter, the ZEN token appreciated 145%, benefited by a 70% gain in Bitcoin, new partnership deals...

AN UNINSPIRING BEGINNING Bitcoiners often talk about meaning behind the message hidden in the genesis block: “Chancellor on brink of second bailout for banks” referring to a Times of London headline from the day the first block was mined so with the first block of Ethereum 2.0, it was hoped that an inspirational message would be included, or as Ethereum founder Vitalik Buterin said, “something profound… about giant leaps for mankind.”...

ETHEREUM 2.0 IS HERE While I avoid discussing technical attributes of different blockchain protocols, it should be noted that today marks a milestone in the evolution of Ethereum with the release of Ethereum 2.0’s proof-of-stake beacon chain signifying the start of a move away from proof-of-work and perceived high cost mining. THE HEADLINES [Members Area Crypto] LAGARDE IDENTIFIES FLAWS IN CRYPTO www. ecb. europa. eu European Central Bank president Christine Lagarde sees...

THE HEADLINES [Members Area Crypto] CHINA WANTS TO BUILD DIGITAL SILK ROAD ACROSS ASEAN BLOC www. scmp. com Chinese President Xi Jinping has told members of the Association of Southeast Asian Nations (Asean) that China will continue its opening-up strategy to drive the global recovery from the Covid-19 pandemic and plans to promote a “digital Silk Road” across the region. [Members Area Crypto] OECD TO ISSUE CRYPTO TAX FRAMEWORK IN...

WHAT WE ARE WATCHING 📈 With numerous exchanges trading bitcoin, defining an all-time-high is a difficult number to establish. Coinmarketcap. com has bitcoin hitting $20,052 on December 17, 2017 and among the bitcoin community, I think it’s commonly stated that bitcoin surpassed $20k that year. But among many institutional investors bitcoin’s high is $19,511 as this figure is what Bloomberg is reporting. With the increasing entrance of institutional investors entering the cryptosphere, we...

THE HEADLINES [Members Area Crypto] US OFFICIALS OVERLOOK VALUE OF FORKED COINS IN SILK ROAD SEIZURE www. coinfirm. com US authorities appear to have ignored the potentially of millions of dollars tied to the $1 billion in bitcoin the Department of Justice recently seized from an anonymous person tied to the Silk Road in forked coins. [Members Area Crypto] IRS ISSUING INCORRECT DISCREPANCY REPORTS TO COINBASE TRADERS www. theblockcrypto. com...

THE HEADLINES [Members Area Crypto] XI ASKS G20 TO BE OPEN TO CBDCS www. fmprc. gov. cn Chinese President Xi Jinping asked members of the G20 to be “open and accommodating” to the development of central bank digital currencies as the global economy attempts to recover from the fallout of the COVID-19 pandemic. [Members Area Crypto] OCC CALLS FOR EQUAL SERVICE FOR ALL FINANCIAL ENTITIES www. occ. treas. gov In...