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Bitcoin Price Experiences Volatility Spikes as Exchange Outflows Increase & Stablecoin Use Surges

Bitcoin’s price has been undergoing some high intensity, short-term volatility over roughly the last week as the price dropped precipitously on August 28th, triggered by a large sell order on Coinbase, which is one of the 3 exchanges that feed into the critical BitMEX index mark price. Subsequently, the price violently rebounded off the lower…
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FTX Is Striving to Become the Leading Crypto Derivative Exchange in Asia

Cryptocurrency investment instruments are much more abundant than even some of the most ardent proponents could have imagined just a year ago. On the cusp of the impending entrance of institutions into the crypto markets, products from perpetual swaps offering high leverage to indexes covering lower-end altcoins, the market sophistication of crypto is maturing.  One…
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Circles Move to Bermuda Highlights Growing Exodus of Crypto Firms from the US

Circle — the popular crypto investment app — is packing up the majority of its exchange operations and moving them to the blockchain-friendly island of Bermuda in a move that is a microcosm of the broader regulatory sentiment in the US on the crypto market.  The firm announced the move in a blog post on…
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Bitfinex Exchange Reportedly Used Tether To Cover $850 Million Losses

The New York Attorney General’s Office has issued a stunning press release that officially announced a court order against cryptocurrency exchange Bitfinex’s parent company, iFinex, detailing violations against New York residents for alleged fraud. The allegations involve an apparent loss of $850 million by the exchange Bitfinex, that it attempted to surreptitiously cover with using…
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The Curious Case of QuadrigaCX

What was at one point the leading cryptocurrency exchange in Canada, QuadrigaCX has devolved into a tangled mess of lost user funds, creditor protection initiatives, and mystery surrounding the deceased founder and missing funds. Now, QuadrigaCX is officially transitioning into bankruptcy following a ruling by the Nova Scotia Supreme Court that transfers the exchange out…
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Bitcoin Mining Indicators Point to Potential Market Turnaround

Proof-of-work (PoW) is a fundamental component of Bitcoin that is critical to its long-term sustainability and capacity to create unforgeable costliness. The mining market subsequently functions as a marked indicator of the overall health and security of the network while also proving a useful metric from which to gauge Bitcoin’s spot price momentum. Besides the…
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Cosmos Launches Amid Interoperability Hype and Proof-of-Stake Hopes

Cosmos — the proclaimed ‘Internet of Blockchains’ — officially launched its main network hub, known as the Cosmos Hub, towards the end of last week. The launch is a significant event for the broader cryptocurrency industry, as it is not only one of the first full-scale proof-of-stake (PoS) consensus cryptocurrencies to go live, but it…
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The Endemic Problem of Wash Trading With Cryptocurrency Exchanges

One year has passed since Sylvain Ribes shed a spotlight on the extent of wash trading among major cryptocurrency exchanges, detailing his belief that more than $3 billion in volume in early 2018 was fabricated. Specifically, Ribes identified OKex as the primary culprit, responsible for nearly 93 percent of its volume non-existent. Since then, the…
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Blockstream Satellite Revealing the Potential of a Future Bitcoin Network

Bitcoin’s unveiling as a decentralized, and censorship-resistant form of currency for the digital era was revolutionary enough in itself. However, the emergence of some recent developments like Blockstream Satellite and propagating Bitcoin transactions via HAM radio have pushed the narrative towards science fiction. The potential of a diverse network topology for Bitcoin was covered by…
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The Controversy of Coinbase’s Acquisition of Neutrino

Coinbase — one of the largest crypto exchanges — recently acquired blockchain and broader software surveillance company Neutrino in what has turned into a highly polarizing event. The addition of Neutrino has sparked a #DeleteCoinbase trend on Twitter that has garnered notable traction over the weekend. The controversy stems from directly from the company Neutrino…
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