After European Central Bank announced that the central bank wanted to “hear the views of the public and interested stakeholders,” with regard to the Digital Euro, ECB launched a “public consultation” survey on its central bank digital currency. As mentioned earlier, the bank hoped that this “consultation” would help them understand whether European people at...Read More
Two weeks ago, the biggest and arugbly the most important cryptocurrency exchange in the world was accused of money laundering by the CFTC. The incident went so far that the company’s CTO Samuel Reed was arrested. Besides the bad PR for Bitcoin, this saga was sure to hurt the cryptocurrency’s price, yet here we stand...Read More
Bank of England Governor, Andrew Bailey, has yet again dismissed the premium cryptocurrency, Bitcoin. He stated that he found it hard to see how Bitcoin had any intrinsic value. On Monday, the Bank of England held a question and answer session with members of the public, during which Governor Bailey made a statement: I have...Read More
It was only last week that Ripple’s co-founder Chris Larsen said that Ripple may consider relocating to other countries citing the lack of regulatory clarity in the United States. Following which, CEO of Ripple, Brad Garlinghouse shared his opinions today regarding the need for regulatory clarity. In a Twitter thread, Garlinghouse emphasized (again) a possibility...Read More
The 2020 market crash was godsent for the likes of Bitcoin and gold. These ‘safe-haven’ assets surged under the spotlight, climbing to record highs as stock markets and long-term treasury bonds both collapsed and countries reacted by slashing interest rates. The main reasons for buying these assets were immediately enhanced, and the price reacted as...Read More
When Bitcoin’s price action gets hotter, altcoins start rallying towards double-digit growth on their charts. That’s not exactly a guess either, as this insight can be gained from previous altcoin rallies. Now, consider the opposite for a second. What if the narrative was flipped on its head and this time, the altcoins pumped well before...Read More
When volatility is low and the market sentiment is neutral, copy trading may be the best bet for retail traders. Social trading platforms have been around for a while, however, they are even more relevant now. Consider this – Finance Illustrated recently released a list of the top traders on the social trading platform, eToro....Read More
Bitcoin’s search results on Google are one of the hottest topics in the correlation narrative. You have for long read stories of Bitcoin’s correlation with gold, with the S&P 500, or specific tech stocks in particular – like Apple. However, this one is different because when you zoom out, it all starts blending in. In...Read More
There are only three reasons why you take pleasure in an asset’s price fall. Either, you shorted it, knew it would tank, and didn’t buy it, or you enjoy seeing it lose value. In the Bitcoin market, or should we say the anti-Bitcoin market, this sentiment is quite popular. Given the deep disruptive nature of...Read More
11 days have passed since the CFTC issued its indictment against BitMEX’s senior management. However, despite its legal troubles, the popular crypto-exchange continues to operate with respectable daily trading volumes. This fuels the question – How important is BitMEX really to the larger crypto-ecosystem? Now, worst-case scenario, if the accused are found guilty, the exchange’s...Read More
Unlike a Bitcoin proponent, Gold bugs never say ‘you should’ve bought the gold dip.’ Have you ever wondered why? The immediate answer would be Bitcoin is volatile, it’s up today, down tomorrow. On some days, it’s down by 50 percent or more, those are days when you should’ve bought the dip. On the other hand,...Read More
Bitcoin, the world’s largest cryptocurrency, seemed to be on a bullish trajectory yet again, at the time of writing. This, despite the fact that for long, BTC has been accused of being either too volatile or moving too sideways. While the analysis drawn out over the past few months has alternated between derivatives impact, on-chain...Read More
80% of institutional investors believe that the recent Coronavirus-led quantitative easing policies adopted by Central Banks and governments could lead to a rise in inflation. In the next five years, most institutions would turn to Bitcoin to hedge against currency devaluation. Based on Evertas’s recent research report on institutional investment in crypto, between now and...Read More
Leading crypto exchange, Coinbase had told its employees that they could accept the “exit package” and leave the company if they were uncomfortable with Coinbase’s “apolitical” stand. Chief Executive Officer of Coinbase, Brian Armstrong, announced today in a blog that, 60 people or “about 5% of employees” have opted to leave the company. He also...Read More
US Department of Justice’s Attorney General William P. Barr announced today the release of “Cryptocurrency: An Enforcement Framework,” a publication that outlines the “emerging threats” and enforcement challenges associated with the “increasing prevalence” and use of cryptocurrency. Attorney General William P. Barr said that the 83-page-long report, which was produced by the DoJ’s Cyber-Digital Task Force,...Read More
Ripple announced today that it has launched a new beta service dubbed Line of Credit that is available to RippleNet customers who can now use the network’s on-demand liquidity (ODL) service to source capital and initiate payments using the network’s token XRP. This would mean that Ripple’s Line of Credit would provide upfront access to...Read More
It is a known fact that Bitcoin has wiped the floor with all the other traditional assets in 2020. High turbulence notwithstanding, Bitcoin was still up by 48 percent at press time, a figure that was higher than Gold, the S&P 500, and WTI. Interestingly, one particular asset class has been rubbing shoulders with the...Read More
So, MicroStrategy bought millions of dollars worth of Bitcoin, without moving the price in any direction. Isn’t that a little surprising? At least for an asset where manipulation is said to be easy and present on a huge scale. It is weird how the news of a publicly-stated company buying $425 million worth of Bitcoin...Read More
Bitcoin is worth much more than what it is today. That’s not a rhetorical statement; in fact, it’s a practical one. If the metric you’re measuring Bitcoin against is potentially infinite, then to put a finite value of $10,600 on a cryptocurrency which has a fixed supply doesn’t make sense. Every fiat currency can be...Read More
Popular crypto-exchange BitMEX today announced a significant change in leadership, a step that comes over a week after the CFTC filed charges against it. According to the announcement, the changes will be made with respect to the leadership of the 100x group, the holding group for HDR Global Trading Limited, owner and operator of the...Read More
As global economies adapt to the Covid-19 pandemic, which is driving the need for contactless payments, federal authorities in the US have shared another update about the development of a digital currency. According to the Deputy Treasury Secretary Justin Muzinich, U.S Treasury along with the Federal Reserve, “is studying” a government-sponsored digital currency or CBDC....Read More
A new perspective DeFi platform appeared based on the TRON blockchain in the second half of September. While creating a platform, the SharkTron developers were guided by the ideological values of Satoshi Nakamoto, simultaneously making decentralization and accessibility to every user a top priority. SharkTron combines the most relevant topics which are concerning society: decentralization,...Read More
September was an eventful month for the crypto-market, to say the least, with the month seeing a major crypto-exchange hack among a host of other developments. However, despite the quarter ending as it did, Bitcoin did witness its second-best Q3 close in history. $150M drained from KuCoin: BTC down 1% BitMEX charged by DOJ, CTO...Read More
Ethereum Classic aka the zombie coin could yield good profits in the near future. How so? Well, this could be a side effect of Ethereum’s transition from PoW to PoS. Wait, is calling Ethereum Classic a zombie coin a little too much? Perhaps, but then again, the coin has suffered three 51% attacks, only to...Read More
BitMEX was in the eye of the storm this past week after U.S regulators took its case. The charges brought by the CFTC against BitMEX argue that the exchange facilitated cryptocurrency derivatives transactions with an aggregate notional value of trillions of dollars and failed to implement the most basic of compliance procedures required of financial...Read More
What’s the point of a safe-haven asset? Well, for starters, it’s to keep one’s portfolio safe. Gold has long been seen as the traditional safe-haven asset among traditional investment avenues. Despite Bitcoin being a year into the financial world, it still hasn’t managed to budge the yellow metal. But, is gold doing its job? Let’s...Read More
Every quarter of the year 2020 has posed a new problem for the cryptocurrency market. With the last quarter now underway, it would seem that the problem in question has surfaced sooner than usual. This, after American regulators entered the game once again and caused panic to seep into the market. After charges against BitMEX...Read More
On the question of asset allocation, fund managers are spending more time looking for avenues to park funds, rather than assets for investing in. DeFi has proven to be a rather attractive avenue for parking funds. Investors look for capital efficiency as that is the driving force behind management fee cuts in traditional finance and...Read More
Let’s be honest – 2020 is not going the way you thought it would. If you had taken a look at the calendar before the start of the year, what would you have reckoned would be the monthly volatility of Bitcoin? How do you think the largest cryptocurrency in the world would’ve navigated what was...Read More
U.S Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against crypto exchange BitMEX’s co-founders Arthur Hayes, Ben Delo, and Samuel Reed and accused them of operating an “unregistered trading platform” and for violating CFTC regulations which includes breaking the anti-money laundering rules, according to a 40-page complaint published by the CFTC today. According...Read More
