Crypto heavyweight Circle stated in a blog post that their OTC (Over-the-counter) business has facilitated over $24 Billion worth of trades. This is a huge number given that OTC trading volumes are not reported publicly and there have been growing discussions about institutional investor activity over crypto OTC desks. Circle Trade has become a core liquidity provider to the entire crypto …
Do your bitcoins really exist? The answer might seem like an obvious “yes,” but the brewing “Proof of Keys” movement, launching today, argues the answer is not so clear. How in control a person is of their coins depends on where and how the bitcoin is stored. So participants will be taking their money out of third-party bitcoin services, moving …
Today, Jan. 3, marks ten years since the creation of the very first block on the Bitcoin (BTC) blockchain. Known in more technical parlance as a “genesis block,” the first block on a blockchain is unique in that it — logically — contains no reference to any previous blocks, and is always hard-coded into the network’s software, establishing all of …
Plunging cryptocurrency values in 2018 and the collapse of the money-for-nothing white paper market in initial coin offerings (ICOs) took much of the focus last year for many people when it came to blockchain mindshare. All of that marketplace drama, however, concealed an enormous amount of real progress for the technology that will, slowly but surely, lay the foundation for …
Over long time periods, bitcoin’s returns have been uncorrelated to the stock, bond or commodity markets. Even though bitcoin has been highly volatile, adding a small amount of bitcoin to a portfolio of stocks and bonds can actually improve its risk-adjusted returns (improve the Sharpe ratio). The drivers of bitcoin’s returns are very different from those of the other markets, …
In 2018, we have seen the cryptocurrency market cap go from all-time highs in January to falling over 80 percent by December, despite little changing in the context of the technological fundamentals. If little has changed with the fundamentals, then there must be other factors driving the manic buying and panic selling cycles present in these markets? A persistent pattern …
An assemblyman of the New York state (NYS) legislature announced in a Facebook post on Jan. 3 that the state will have the nation’s “first” cryptocurrency task force. In the post, Clyde Vanel, an NYS assemblyman and Chair of Subcommittee on Internet and New Technologies, stated that New York became the first state in the United States (U.S.) to create …
The Minister of Finance of South Africa, Tito Mboweni, explained in a letter on Jan. 2 that the region’s government has created a regulatory working group dedicated to cryptocurrencies. According to Mboweni, the working group includes representatives from multiple South African agencies and aims to produce a comprehensive regulatory response to the growing digital asset economy. South African Regulatory Working …
Crypto Wallet Lite.im Adds Support for BTC Lite.im, a cryptocurrency wallet that allows users to transact via Facebook Messenger, Telegram and SMS, has recently announced it’s adding support for bitcoin core (BTC). The service launched in August last year with three coins – ethereum (ETH), litecoin (LTC), and its native token, ZTX. To take advantage of the service, users communicate …
“Few tangible uses for Bitcoin (BTC) and its underlying blockchain technology have emerged,” according to a Wall Street Journal (WSJ) article published Jan. 1. According to WSJ, in 2017 actual crypto development “took a back seat to getting rich.” The article also states that “at the beginning of 2018, the question was whether Bitcoin could live up to the hype …
