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
Since the final quarter of the year 2020 began a few days ago, the cryptocurrency market has been dealing with high volatility and some unexpected losses. While the altcoin Chainlink [LINK] was recording YTD returns of 373% for its investors at press time, LINK has been noting significant losses for its traders over the past...Read More
Cryptocurrency exchange, Coinbase announced in a blog today that it now offers “instant” withdrawals feature to its customers in nearly 40 countries including the US, UK, and more across Europe. While some users welcomed the move other coinbase traders complained about the platform’s high transaction fees. In fact, in the U.S., Coinbase deducts 1.5% from...Read More
Romania’s National Agency for the Management of Seized Assets (ANABI) announced today that it would begin auctioning off bitcoin and ether, that were confiscated as part of an undisclosed fraud case. The starting price for 0.97 ETH is 1670 Romanian Lei ($ 401) and for 0.6 BTC – 30,535 lei ($ 7347). A local news...Read More
Since President Xi Jinping’s announcement last year to prioritize blockchain development in China, the country has been the first to launch its CBDC, created the BSN network, and applied for a record 4,435 blockchain patents. While these seem like big strides forward towards adoption, there is still a ban in place on trading cryptocurrency. The...Read More
Prominent cryptocurrency exchange Bitfinex announced the listing of yearn.finance [YFI] on 2 October. Although a bit late in the race of listing the governance token, Bitfinex noted that the deposits were now open, while trading and withdrawals for the same will commence on 3 October at 10:00 AM UTC. YFI on the exchange can be...Read More
Bitcoin mining is a fairly simple activity from a first-principles economics pov. All other activity in the network is complementary and based on this principle and if Bitcoin had no one but its community of miners, it’d still survive. However, mining is misinterpreted by most. Hashrate influences price or hash follows price. Neither of these...Read More
Cryptocurrency exchange Coinbase UK will disclose customer data to the HMRC (or Her Majesty’s Revenue and Customs) which is the UK’s tax authority, in response to the British tax authority’s legal notice, according to a crypto tax alert published on twitter. 🚨 UK Crypto Twitter: Coinbase is providing information about your accounts to the HMRC. This...Read More
Bitcoin futures open interest on CME has dropped following the drop in spot prices across exchanges. However, the drop started on September 15, with a recovery last week, and it has continued. Though open interest and trading volume on derivatives exchanges doesn’t have a direct impact on the price, it has an impact on institutional...Read More
The much-anticipated digital Euro is in the news again as a member of the Executive Board of the European Central Bank, Fabio Panetta, announced in a blog today that Europe “must prepare to introduce a digital euro to complement its cash payments.” Acceptance of a digital euro by the public is crucial, writes Executive Board...Read More
The Bitcoin market witnessed a strong blow as the BitMEX’s co-founders were charged with money laundering violations among other charges by the Commodity Futures Trading Commission [CFTC]. While in a separate indictment, the U.S. Attorney filed a criminal action against its owners Arthur Hayes, Ben Delo, and Samuel Reed. Although the owners maintained their stance...Read More
October is off to an interesting start, as news of charges against BitMEX by the CFTC and DOJ come to light – with the arrest of Arthur Hayes and three co-owners of the BitMEX exchange. The exchange that handles over $1.5 billion of trades each day, has been charged by the CFTC for operating an...Read More
Even though Tether [USDT] had been the popular choice among cryptocurrencies with a large fraction of supply share, other stablecoins have all been witnessing growing prominence. Among these was Dai, created via the Maker Dao stablecoin system and USDC. Although the use of Dai was mainly limited to the Defi ecosystem it has been witnessing...Read More
The premier cryptocurrency was trading near $10,612 at the time of writing and is also representing a roughly 4% decline over the past 24 hours, according to data from trading view. Prices dropped by nearly $300 in just minutes, but have bounced slightly at the time of writing; but BTC price fell roughly by $500...Read More
Bitcoin, defi, or crypto in general, is a very volatile market. Depending on how acquainted one is with the market, there are opportunities to make huge profits. This article is, in sorts, a continuation of the article that talks about risk management in crypto trading. Bitcoin and bubbles The crypto market serves a wide variety...Read More
Tezos Stable Technologies (StableTech), the nonshareholder foundation for DeFi on Tezos has received investment from blockchain-focused VC firm Draper Goren Holm, according to a report published today. The amount of funds in question was not mentioned in the announcement. However, back in 2017, Tim Draper, the namesake of the VC firm had invested in the...Read More
The cryptocurrency market has entered the final quarter of the year and the anticipation in the market for a price swing has been high. The Ethereum market didn’t just want to witness a boost in the price but also demanded a decrease in the network’s transaction costs. However, after looking into the hype-driven ETH market,...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
The IOTA Foundation announced the launch of IOTA Access, an open-source DLT framework for building policy-based access control systems and enabling pay-per-use functionalities at the edge. IOTA Access, a project which was three years in the making, is designed to bring fine-grained access control to any machine, device, or building without relying on a centralized...Read More
Blockstack PBC, the first company with an SEC-regulated cryptocurrency (STX), is joining forces with Chainlink to integrate Chainlink as the preferred oracle solution for the Blockstack and Algorand-supported Clarity smart contract language. Blockstack CEO, Muneeb Ali, indicated that this was clearly their top choice when thinking about Oracles for Stacks 2.0, stating that, “Stacks 2.0 is a...Read More
The multi-asset, regulated platform, eToro has announced today that it will introduce its new staking service for Cardano (ADA) from this month onwards, according to a release emailed to AMBCrypto. The move comes after the IOHK led Cardano blockchain also introduced its own staking pools that also had IOHK incentivize Cardano holders to begin staking...Read More
The island nation of Bermuda is in the news today after it gave U.S-based cryptocurrency exchange, Bittrex, a Class F (“Full’’) Digital Assets Business Act license that will allow the platform to operate under the supervision of the Bermuda Monetary Authority (BMA). According to Bittrex Global CEO Tom Albright, Bittrex (Bermuda) will provide additional digital asset services...Read More
SingularityNET, a decentralized platform for AI apps, has announced its plans to move a significant portion of its network from Ethereum to the IOHK-led Cardano blockchain, in the wake of Cardano’s upcoming updates that include the Plutus smart contracts framework, the firm said. As part of a detailed announcement, the platform also highlighted the...Read More
The volatility in the crypto market has been growing and Bitcoin has broken out of its consolidation phase. This uptick in volatility may indicate a larger game at play for the future of Bitcoin. This expectation has been in the market for a long time, even when BTC consolidated and more and more users were...Read More
The crypto market saw a relatively stable week as Bitcoin continued its quest towards $11k. However, it has not been easy for BTC to surpass this level as every time it reaches close to $11k, the selling pressure pushes the price of the asset down. Even though the resistance was strong at $11,000, data suggests...Read More
The government of Venezuela has floated a new use case for cryptocurrencies, President Nicolas Maduro said during a recent speech, one that highlighted the possibility of using digital assets in trades, alongside the cryptocurrency Petromoneda (or Petro). The controversial Petro was launched two years ago to reduce the Venezuelan economy’s dependence on the U.S dollar....Read More
While DeFi has been one of the keywords of the year for the digital asset industry, Wrapped Bitcoins or WBTC has been one of the definite highlights of the Decentralized Finance space. The growth of WBTC has been nothing less than extraordinary, and at the time of writing the total valued locked in WBTC is...Read More
Bitcoin inflow to exchanges has dropped to record levels and as demand/ supply also continues to drop this may be the calm before the storm, however, inactivity on spot/ derivatives exchanges can be explained by Bitcoin’s volatility level. According to Bitcoin’s 60-day volatility chart by Willy Woo, Bitcoin’s volatility has dropped to the 2019 level....Read More
A new survey by the Royal United Services Institute and ACAMS seems to have ruffled a few feathers, while also strengthening few of the market’s prevailing narratives. The survey found that a majority of the respondents associated with either the government or financial institutions, private or otherwise, think of cryptocurrencies as a risk, rather than...Read More
