Crypto Research

THE GREAT TWITTER HACK _Happy Monday. Starting with an update on the continuing investigation into Wednesday’s hack of 130 Twitter accounts :_ [Members Area Crypto] TWITTER'S LATEST UPDATE www. blog. twitter. com Twitter provided an update explaining that “attackers successfully manipulated a small number of employees and used their credentials to access Twitter’s internal systems, including getting through our two-factor protections.” [Members Area Crypto] HACKER LIKELY USING WASABI WALLET TO...

THE GREAT TWITTER HACK _Wednesday’s hack of multiple Twitter accounts has been the leading news story across the cryptoverse so I am breaking my regular format and starting with coverage of this event:_ [Members Area Crypto] SENATOR HAWLEY SUGGESTS TWITTER NOTIFY FBI www. hawley. senate. gov During the attack of Wednesday, Senator Josh Hawley (R-MO) sent a letter to Twitter CEO Jack Dorsey Senator Josh Hawley requesting that he answer...

Highlights from the North American listed crypto, blockchain and mining stocks:TAAL Distributed Information Technology (OTCQX: TAALF), a bitcoin SV miner, has been added to the weekly update based on its upgrade from the pink sheets to the OTCQX.Ebang International Holdings (NASDAQ: EBON) is up 30% over the past 7 days closing at $5.50. EBON traded as high as $8.00 this week increasing average volume by 125%.Hut 8 Mining (TSX: HUT. TO) renegotiated terms...

MARKET ANALYSIS It was another quiet week with limited price action as BTC traded between a tight range of $9,118 and $9,450. The asset finished the 7 days ended 7/13 at $9,277; down 1.4% over the period.   Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis. Ripple (XRP) led all other major crypto assets by 6% - 10% this week and was...

THE HEADLINES [Members Area Crypto] JAPAN ADDING CBDC TO OFFICIAL PLANS www. cointelegraph. com Japan is planning to include consideration on the issuance of a central bank digital currency (CBDC) in its new economic and foreign policy plan. [Members Area Crypto] THAILAND DEFINES NEXT STEP WITH CBDC www. blinks. bloomberg. com Representatives from the Bank of Thailand said they expect to have key findings ready by year-end for several aspects...

THE HEADLINES [Members Area Crypto] BANK OF ENGLAND SEES DIGITAL CURRENCY COMING www. bloomberg. com Governor Andrew Bailey says the Bank of England is reviewing whether the BOE should create a digital currency, and believes “in a few years time, we will be heading toward some sort of digital currency.” [Members Area Crypto] SOUTH KOREA MAY TAX DIGITAL GOODS AT 20% RATE www. cointelegraph. com South Korea lawmakers appear ready...

THE HEADLINES [Members Area Crypto] G20 TO LAYS REGULATORY GROUNDWORK FOR DIGITAL PAYMENTS www. cointelegraph. com Officials at the G20 announced they plan to begin defining the regulatory groundwork for the group’s members to accept digital payments ahead of their next scheduled summit in Riyadh. [Members Area Crypto] SINGAPORE READIES BLOCKCHAIN PAYMENTS SYSTEM FOR COMMERCIAL ROLLOUT www. mas. gov. sg The Monetary Authority of Singapore (MAS) released a report to...

THE HEADLINES [Members Area Crypto] SOUTH KOREAN DISCUSSING CRYPTO TRANSACTION TRANSPARENCY www. cointelegraph. com South Korea’s National Assembly is host a talk today on “How to boost transparency in cryptocurrency transactions” that is expected to result in the creation of a system to oversee digital currency transactions. www. [Members Area Crypto] MALAYSIA'S SECURITY COMMISSION WARNS AGAINST USE OF CRYPTO ATMS www. sc. com. my The Securities Commission (SC) of Malaysia...

THE HEADLINES [Members Area Crypto] MALAYSIA'A SHARIAH ADVISORY COUNCIL RULES CRYPTO TRADING IS PERMISSIBLE www. theedgemarkets. com Malaysia’s Securities Commission (SC) Shariah Advisory Council has announced that digital asset trading is permissible on registered exchanges opening the door to the countries 19 million person Muslim population to trade crypto. [Members Area Crypto] CFTC WANTS TO PROMOTE RESPONSIBLE INNOVATION IN DIGITAL ASSETS www. cftc. gov The Commodity Futures Trading Commission has...

MARKET ANALYSIS After briefly falling below its persistent $9,000 support level on Sunday, Bitcoin finished the 7 days ending 7/6 at $9,375; up 1.7% on the week. Volatility over the past 7 days has been exceptionally low with Bitcoin trading between a low of $8,977 and a high of $9,375. Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis. Bitcoin Cash led all...

THE HEADLINES [Members Area Crypto] FATF RELEASES STABLECOIN RECOMMENDATION www. fatf-gafi. org The Financial Action Task Force completed a 12-month review on stablecoins by releasing a report to the G20 suggesting that the development of stablecoins have the potential to spur financial innovation and efficiency and improve financial inclusion but recommends that an increased global response is needed to insure fiat-backed tokens comply with current terrorist financing and money laundering...