The latest data from Cryptocompare shows that assets under management (AUM) of crypto investment products reached record lows during the month of June. The data also shows 21 Shares Short Bitcoin ETP as the only digital investment product that registered a positive 30-day return (30.8%) as of June 23. Three Arrows Capital Insolvency Factor The AUM of crypto investment products…
A new financial system; a more democratized, even more inclusive, financial sector; the future of the internet — the crypto ecosystem has been described as all of these things. However, as is evidenced by digital assets’ inherent correlation with the Nasdaq 100, most people fail to conceptualize blockchain as anything other than an extension of the traditional tech economy. While…
This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the Infantry before transitioning to the Finance Corps. History may not repeat itself, but it sure does rhyme from time to time. As overextended cryptocurrency platforms like Celsius and Three Arrows Capital go insolvent, a benevolent billionaire steps…
The U.S. Commodity Futures Trading Commission (CFTC) has charged Mirror Trading International (MTI) and its operator with a $1.7 billion fraud involving bitcoin. This action is the regulator’s largest fraud scheme case involving the cryptocurrency. CFTC Takes Action Against MTI The CFTC announced Thursday that it has charged a “South African pool operator and CEO with $1.7 billion fraud involving…
Building a career or constructing a team in decentralized finance (DeFi) and crypto relies on finding talent, skills and the right attitude anywhere, in anyone. While this is no different than other industries, what makes ours unique are the much-needed, specialized skill sets combined with finding a good culture fit in an international and remote setting. Despite recent turbulence in…
Coinbase NFT is adding more new features for its relatively small userbase. The cryptocurrency exchange’s NFT marketplace has rolled out a number of enhancements since its public beta launch at the beginning of May. Coinbase NFT has added an NFT “Bulk Manage” feature, a “Liked” tab, the ability to edit list prices, an insights page, and a notification hub. It…
Almost 100 years since the Globetrotters were formed in 1926, the Perth Heat, Bitcoin’s baseball team from Australia, is set to change sports forever, but in a different way. Originally, the Globetrotters played a huge role in the desegregation of professional basketball. But some 20,000 wins later, and having played for more than 120 million fans in 123 countries worldwide,…
Crypto investment firm Three Arrows Capital, also known as 3AC, filed for Chapter 15 Bankruptcy Friday, Bloomberg has reported. While not unexpected, the news brings an ignominious end to the prominent, decade-old firm that managed as much as $10 billion in assets as recently as March, according to blockchain analytics platform Nansen. Chapter 15 bankruptcy enables cooperation between international and…
Listen To This Episode: In this episode of “Bitcoin, Explained,” hosts Aaron van Wirdum and Sjors Provoost discuss reusing Bitcoin addresses. More specifically, they explain why reusing Bitcoin addresses is a bad idea. Reusing Bitcoin addresses is a bad idea for roughly three reasons. The first two of these are that it harms privacy and impedes on Bitcoin’s censorship resistance…
Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will allow users to make payments in every store and retailer in the country that accepts Pagomovil, a banking service that allows seamless fiat transfers between banks in the country.…
