Ethereum (ETH) has been the face of negative news and criticism over the past few weeks as investors have lost their mind over the weakness in price that we all witnessed recently. As the second largest coin in terms of market cap, when Ethereum (ETH) moves, the whole altcoin market moves with it. Investors holding on to their Bitcoin (BTC) since $ 20,000 think it’s pretty bad but ask an Ethereum (ETH) Investor that bought at $ 1,500 per coin how bad it can really get!
Bitcoin Cash (BCH) average hashrate over the past week has fallen below 8 percent of Bitcoin’s (BTC), while Blockstream compares the altcoin to a five-year-old Litecoin hard fork.
Feathercoin? Is That You?
In comments on Twitter today, Blockstream VP solutions lead Warren Togami sounded the alarm over BCH — warning its low average hashrate placed investors at risk of double spend attacks from malicious parties.
According to Togami, there currently exists a “real risk” of double spending, which would have a paralyzing effect on exchanges and buckle BCH’s already low liquidity.
An ‘airdrop‘ is defined as the distribution of digital tokens or cryptocurrencies without monetary payment from the token recipient, which is often used as a means of marketing and supply distribution. While this technique has become wildly popular, a recent cease and desist order from the U.S Securities and Exchange Commission (SEC) against Tomahawk Exploration LLC after its […]
Yale Economist Aleh Tsyvinski recently published a report in the National Bureau of Economic Research (NBER) that reviewed three digital assets, including Bitcoin, Ethereum and XRP, in an effort to identify their basic properties and compare them to other asset classes. As part of his study, Tsyvinski compared Sharpe ratios, a measure that indicates the average return minus the risk-free […]
The belief that cryptocurrencies have a correlation to traditional markets may be leading amateur investors down the wrong path putting their portfolio at risk.
Cryptocurrency Not Inversely Correlated to Larger Markets
There’s been plenty of discussion on whether Bitcoin and other cryptocurrencies are correlated to commodities and larger financial markets. And while there is yet to be a definitive answer to this question, it is clear that cryptocurrencies tend to follow their own path.
Bitcoin will likely drop below $ 6,000 this week, with bearish indicators still littering short- and long-term charts.
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Vancouver-based blockchain and cryptocurrency firm DMG Blockchain Solutions Inc. has announced the official launch of its BitScore web API. The platform is designed to provide cryptocurrency deposit and withdrawal risk-scoring for both anti-money laundering (AML) and anti-fraud compliance.
DMG Blockchain Solutions seeks to manage, operate and develop end-to-end solutions for monetizing the blockchain ecosystem, and BitScore is already being used by crypto exchanges and enterprise payment platforms so they can assess their risks of legal non-compliance. BitScore was engineered by DMG’s Blockseer development team and is powered by sophisticated artificial intelligence and machine learning models to examine the flow of cryptocurrency funds through the blockchain and establish their respective origins.
Bitcoin’s three-day winning streak is encouraging for the bulls, but a quick move above $ 10,500 is needed to neutralize the so-called “death cross.”
The Financial Stability Board, G20’s global watchdog, does not consider cryptocurrencies a risk to financial stability. In a letter to the Group of 20 central bankers and finance ministers, its Chair Mark Carney said FSB was pivoting away from designing new policies and focusing on reviewing existing rules. His comments suggest there is no G20 consensus on common crypto regulations, despite calls from member-states for adopting global guidelines.
How many central banks are actually considering their own version of cryptocurrency is unclear, Russia and Venezuela being the most infamous examples. To perhaps ward off serious consideration from more established economies, the Bank for International Settlements (BIS), the world’s central bank to central bankers, is suggesting state-backed crypto might destabilize commercial banks’ customer deposits, negatively impacting the “efficiency of financial intermediation.”
A Dutch multinational financial provider, Rabobank has announced the possible introduction of a ‘cryptocurrency wallet’ tethered to the company’s banking services. The news follows the bank’s recent ‘high risk’ profiling of account holders that participated in bitcoin trading.
Rabobank Investigates the Idea of Introducing a Cryptocurrency Wallet to Its Online Banking Environment
This week the Dutch institution, Rabobank, the second-largest bank in the Netherlands in terms of total assets revealed it may introduce a cryptocurrency wallet called “Rabobit.” The wallet idea is one of 22 concepts introduced in Rabobank’s internal Moonshot acceleration program. At the moment the idea is to host a cryptocurrency wallet that’s tethered to the company’s online banking environment. Rabobank says right now company employees are researching the benefits and risks tied to implementing a digital currency wallet.