Former Bakkt CEO accused of insider trading after attending a private January congressional hearing on Coronavirus
Junior United States Senator and former CEO of Bakkt Kelly Loeffler disclosed dumping millions of dollars worth of stock holdings in the days and weeks following a private senators-only briefing on the Coronavirus in late January, as reported by The Daily Beast.
Crypto market structure “broke” last week but BitMEX wasn’t the cause, says crypto fund manager
The managing partner and co-founder of crypto hedge fund Multicoin Capital, Kyle Samani, says that the crypto market structure “broke” last week on account of a bottleneck in the Bitcoin blockchain and miners shuttering operations.
Global interest for Bitcoin could be about to explode, here’s why
Trade volumes are booming on primary and secondary Bitcoin exchanges as Google searches for the number-one crypto skyrocket, indicating that to some degree a panic-induced flight to BTC may be in its early stages after the global economy’s recent capitulation.
Bitcoin searches on Google are rocketing upward even after the massive drop, here’s why
The search term “Bitcoin” has exploded in popularity on Google in the last week, suggesting the unfolding global economic crisis may be spurring on interest in BTC even in the wake of one of the coin’s most devastating sell-offs ever.
Futures traders anticipating further declines even after Bitcoin’s colossal drop
Back-month Bitcoin futures contracts are trading at a steep discount to spot on the leading exchanges, indicating that derivatives traders could have low expectations for a price recovery after the coin’s recent capitulation.
FTX CEO: Bitcoin price might have gone to zero if BitMEX hadn’t gone offline
The CEO of Hong Kong-based crypto derivatives exchange FTX has speculated that if BitMEX had not gone offline on account of “hardware issues” Friday morning, the price of Bitcoin could have crashed to zero.
BitMEX freezes as XBTUSD crashes 10% below Bitcoin spot price [UPDATED]
The price of Bitcoin dived $400 below the BTC spot price on BitMEX’s Bitcoin perpetual swap contract as the platform reportedly halted trading on account of “system instability.” Traders widely reported experiencing a system crash on BitMEX between 02:16 and 03:00 UTC Friday morning, as XBTUSD crashed to $3,600, $400 below the Bitcoin spot price.
Bitcoin tumbles in tandem with global market after Trump Coronavirus address; here are the levels to watch
Bitcoin has entered a sharp sell-off in the wake of an address Wednesday night by United States President Donald Trump on the Coronavirus, strengthening speculation the number-one crypto by market cap is trading as a risk-on asset.
Funds on CME Bitcoin futures market have turned aggressively bearish, data shows
Large speculators on the CME Bitcoin futures market appeared to be positioned overwhelmingly short weeks in advance of Bitcoin’s supposed coronavirus panic-selling correction. Data from the CTFC Commitment of Traders report reveals that, in late January, leveraged funds began to turn aggressively bearish on the CME cash-settled Bitcoin futures market.
This fintech firm is launching a crypto debit card for users in 178 countries
Crypterium, a crypto fintech firm led by Visa’s former General Manager for Central Europe, claims to have rolled out the most widely available prepaid crypto debit card, allowing users in 178 different countries to spend Bitcoin, Ethereum, and Litecoin in-store and online.
Quant crypto fund: Bitcoin is just as “susceptible to market panic” as other assets
Quantitative crypto fund Strix Leviathan says the narrative of Bitcoin as a hedge against economic uncertainty could be false—considering last week’s nearly unprecedented stock market sell-off, where the S&P 500 suffered its sharpest correction since the 2008 financial crisis and BTC shed nearly 15 percent in USD terms.
Near-majority of Ethereum holders in profit as Grayscale investors increasingly allocate to ETH
According to crypto analytics firm IntoTheBlock, 43 percent of ETH addresses are in profit with the Ethereum spot and derivatives markets seeing explosive growth in key metrics, making the second-largest crypto one of the top-10’s biggest showstoppers this year.
CME posts one of its largest volume days ever as Bitcoin marks three-month buy-streak
Trading volume has rocketed to a near-all-time-high on the CME cash-settled Bitcoin futures market as the number-one crypto by market capitalization continues one of its longest unbroken uptrends since the first half of last year.
Strix Leviathan: the crypto quant fund that’s beating the market with a differentiated investment approach
Career dotcom entrepreneur and serial bootstrapper Jesse Proudman is the co-founder of Strix Leviathan, a quantitative hedge fund that’s beating the market through software and systematic investing.
BTSE leaves Dubai for British Virgin Islands: Why crypto businesses still haven’t found their regulatory utopia
Crypto exchange BTSE has shifted its operations out of Dubai, claiming that regulators in countries with “non-permissive legal systems” are holding back the mass adoption of cryptocurrency with their inaction and broken promises.
Handshake mainnet goes live allowing anyone to own top-level domains and earn in decentralized fashion
Handshake, a Proof-of-Work DNS protocol spearheaded by the co-creator of Bitcoin’s Lightning Network, has launched its mainnet in its bid to decentralize trusted Certificate Authorities and replace authoritative bodies like ICANN that govern top-level domains (TLDs) like “ dot com” and “.org.” The project has maintained a low profile since debuting in August 2018, when news broke […]
Bakkt open interest hits all-time-high as futures traders continue to bet on Bitcoin buy streak
As Bitcoin closed out its best January in seven years, open interest rocketed to a new all-time high on Bakkt’s physically-settled Bitcoin futures market, and institutional traders on CME Group looked to position themselves for higher highs.
Ledger tells Londoners to “take back control” using crypto and “choose freedom” on Brexit Day
Hardware wallet provider Ledger has erected a digital billboard over London’s Canary Wharf financial hub reading “let’s take back control for real,” taking a jab at the pro-Brexit rhetoric of British Prime Minister Boris Johnson on the day the United Kingdom formally leaves the European Union (EU).