Abstract: We evaluate the impact of Coronavirus on the economy and financial markets. The response to the virus will mark a significant economic regime change, from monetary policy to central bank funded fiscal expansion. Eventually, there will be one clear winner under this new regime: inflation. Economic circumstances could look like the 1970s, with volatile...Read More
Last Friday, 13 March, the BitMEX platform was subject to two distributed denial-of-service (DDoS) attacks at 02:16 UTC and 12:56 UTC. These attacks delayed or prevented requests going to and from the BitMEX platform, causing direct disruption to our users. Following these incidents, we have been working around the clock to gather the facts and...Read More
Bananas in Pyjamas (Source: Australian Broadcasting Corp) Tuesday, March 3rd I’m in my jammies at an urban ryokan in Tokyo about to PTFO. Before I descend into dreamscape, I must call my banker and attempt to place an investment grade index CDS (credit default swap) trade. Unlike crypto, I can only trade this index during...Read More
This past Friday, top cryptocurrency trading platforms Bitfinex and OKEx were both subjected to malicious Distributed Denial-of-Service attacks (DDoS) aimed at disrupting the platforms’ operational efficiency by overwhelming the targeted servers with a flood of fraudulent traffic. Although both platforms successfully thwarted the attacks and have since re-established normal performance, the OKEx CEO is now...Read More
Abstract: For the second time, we present CryptoCompare’s in-depth report into the cryptocurrency exchange ecosystem. The review focuses on spot exchange volumes, crypto derivatives trading data, market segmentation by exchange fee models and crypto to crypto vs fiat to crypto volumes. There is also an analysis of bitcoin trading into various fiats and stablecoins, an...Read More
In the next few years, Blockchain will disrupt many industries like banking, healthcare to supply chains. So keeping up the pace in the digital currency world, Token Pay has come with an eFIN exchange platform. Here let’s dive deep into the review of the eFIN Exchange – What is eFIN? How to get eFIN coins...Read More
The above image has nothing to do with options. But it’s deep into ski season, and I’m loving the powder. I already spent a few thousand words talking about the crypto derivatives market structure. Now, let’s talk about 2020. Crypto Derivatives 2020 Roadmap While speculators’ needs are well met via the crypto delta one products...Read More
Abstract: Following on from our January 2020 piece on our database of at least 60,000 non-cooperative lightning network channel closures, we were asked how many of these were public channels vs private ones. We have used the 1ml.com database of public lightning channels and cross referenced it with our dataset of non-cooperative channel closures. We...Read More
Abstract: In this report we analyse and discuss the average level of precision (round numbers) in Bitcoin transaction output values. We evaluated almost 1.3 billion Bitcoin outputs with non-zero values since the network was launched, representing a total value of over 5.4 billion bitcoin of spend, worth over US$12 trillion. We then placed these transaction...Read More
These are the three questions any self-respecting crypto punter asks themselves: When moon? When Lambo? When liquid options? If I knew the answers to questions 1 and 2, HDR Long Term Capital Management would not be a figment of my imagination, but a fee-guzzling hedge fund posting returns that rival Renaissance Technologies. By the way,...Read More
Abstract: In our sixth piece on the lightning network, we provide new data about its growth and size. We reveal statistics about private channels, often produced by mobile wallets, which are not normally included in traditional network metrics. We primarily focus on non-cooperative channel closures and a database we have constructed, which we believe contains...Read More
India’s former Finance Secretary Subhash Chandra Garg has shared his views on the future of cryptocurrency, both in India and worldwide. He headed the committee responsible for drafting the infamous bill to ban cryptocurrencies, which the crypto community calls flawed in many regards. Also read: Regulatory Roundup – China Blockchain ETF, New French Crypto Rules,...Read More
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles Hit With Backdated Tax on Crypto Trades Bithumb to...Read More
Users can now purchase cryptocurrency with a credit or debit card on Bitcoin.com’s premier trading platform via a new partnership with Moonpay. The Bicoin.com Exchange has been rapidly expanding its offerings by adding new SLP tokens. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange Bitcoin.com Exchange Offers New Fiat Gateway Bitcoin.com Exchange has...Read More
This year will see the second annual Proof of Keys event take place. Those involved will be attempting to demonstrate the monetary sovereignty Bitcoin affords, as well as the solvency (or lack there of it) of cryptocurrency exchange platforms.If you’re new to the Bitcoin space, you might not have heard of Proof of Keys before....Read More
Every year, Bitcoin faces a new foe intent on crippling it by undermining the foundations it was built upon. From mining cartels to developer disputes, Bitcoin has faced a barrage of threats over the past decade. When it’s not internecine conflict taking its toll, it’s external forces including politicians and regulators seeking to exert control....Read More
Banking services platform Cashaa has seen significant growth in crypto trading volume in India since it began offering INR deposits and withdrawals. The platform has cut its fees by more than 50% and is getting ready to add five more cryptocurrencies for users in India, Cashaa has shared with news.Bitcoin.com. Also read: Regulatory Roundup –...Read More
Utorg.io is a digital asset exchange based in the U.K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed а daily limit of $1,000. Its decision to provide...Read More
Coinbase is shutting down the startup Earn.com which it acquired for an estimated $100 million last year. The email service allowed senders to pay users in digital currency for replying to commercial messages or completing tasks. Also Read: Coinbase Acquires Earn.com for an Estimated $100 Million Coinbase Says Goodbye to Earn.com San Francisco-based cryptocurrency trading...Read More
In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover France’s first-approved initial coin offering, a proposal...Read More
Abstract: Back in May 2019 we looked at Initial Exchange Offerings (IEOs), in this very brief report, we provide an update on the investment performance of the projects we looked at. It does not look good, all 11 projects which were trading at the time of our May 2019 piece, have seen significant declines in price....Read More
In times of mounting pressure on crypto companies to comply with expanding due diligence requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy access to unlimited trading and deposits. Also read: P2P Crypto...Read More
12 months ago, crypto derivatives platform Bybit officially launched. The Singapore exchange, which also has offices in Hong Kong and Taiwan, has enjoyed a fruitful first year, attracting users from North America, Europe, Russia and Asia. With products including BTC, ETH, XRP and EOS perpetual contracts, and a matching engine capable of handling 100,000 tps,...Read More
Regulatory pressures as well as the development of third-party, intermediary and custodial services in the crypto space have been limiting the share of peer-to-peer trading. A new contender is now challenging established P2P exchanges by offering users a mobile service that allows them to determine the level of privacy they want to maintain, and use...Read More
Between 04:52:11 UTC and 04:53:47 UTC on 20 December 2019, the trading engine stopped all operations as a result of an infrastructure related issue. No data was lost during this time, and upon resolution 95 seconds later the trading engine continued normal operations. As there was no activity in the trading engine during this time,...Read More
Bithumb exchange is the most popular and largest cryptocurrency exchange based in South Korea, according to data of the site Coinmarketcap. Its regularly feature in lists of the world’s 10 largest crypto exchanges in 24-hour trading volume. The exchange offers world’s top crypto coins and tokens for trading. So let us look in detail more about...Read More
Abstract: In contrast to the apparent management difficulties at Bitmain, in a shrewd piece of corporate finance, cryptocurrency ASIC manufacturer Canaan Creative successfully raised $90m in an IPO in November 2019, at a very attractive valuation from the company’s perspective. From Canaan’s point of view, the timing appears impeccable, right before the release of a...Read More
Bitcoin.com Exchange was launched in early September 2019 as an easy-to-use platform with world-class security and a powerful trading engine. The venue has rapidly expanded its roster and now offers 27 different digital tokens for users to trade. Two of the latest additions to the exchange are ACD and HEX. Also Read: Gocrypto SLP Token...Read More
Abstract: ForkMonitor has launched a Lightning Network penalty transaction alert system, available at https://forkmonitor.info/lightning. Unfortunately, it is possible the alerts could be manipulated, for instance by users artificially generating this transaction type on two nodes they control. On the other hand, our new alert system should capture every failed theft attempt on the Lightning Network,...Read More
BitMEX is delighted to announce that customers can now withdraw bitcoin to the Bech32 (native SegWit) address format. This upgrade is effective immediately. Bech32 Technical Details Bitcoin currently has three address formats: Address Format Example Address Pay to Public Key Hash (P2PKH) Bitcoin’s original address format Addresses starting with the number 1 19CPBGKkxj4iPyfLu6E3Wboydopqs6U2GE Pay to...Read More
