Notes 4/7: Low Volatility Bitcoin Price, Tether’s Inflated Market Cap

Labor department data released this morning indicated a slowdown in hiring markets, proof that the Federal Reserve’s interest rate hike regime is showing results. That should have been good news for cryptocurrency prices because it multiplied the odds that the agency might hold off on another quarter percentage increase at its next meeting and soothe… Read More Notes 4/7: Low Volatility Bitcoin Price, Tether’s Inflated Market Cap

Is the Beaxy Case A Blueprint for Action Against Coinbase?

Will Coinbase become the next crypto entity targeted by regulators? The exchange was already served a Wells Notice by the Securities and Exchange Commission (SEC) last month.  Now, after the agency slapped charges against cryptocurrency exchange Beaxy, speculation is rife that Coinbase might be next in line. Beaxy was a little-known operation based in Illinois.… Read More Is the Beaxy Case A Blueprint for Action Against Coinbase?

Notes 3/28: CFTC Lawsuit Against Binance, Staking Withdrawals, and Tron and Tether

What does the CFTC’s case against Binance mean for crypto’s future? Binance is the world’s biggest cryptocurrency exchange by trading volume. It is also home to the biggest trading volumes for bitcoin and ether, the world’s two biggest cryptocurrencies. But the announcement of a lawsuit against the company by the CFTC yesterday hardly dented bitcoin… Read More Notes 3/28: CFTC Lawsuit Against Binance, Staking Withdrawals, and Tron and Tether

Notes 3/25: Bitcoin Price, Circle Redemptions

Bitcoin price is holding steady after another tumultuous week. The cryptocurrency is changing hands at $27,862.57, relatively unchanged from its price a day earlier. On a weekly basis, bitcoin price is up by 1.5%, according to data from CoinGecko. The price rise is impressive in a week that witnessed another quarter percentage point hike in… Read More Notes 3/25: Bitcoin Price, Circle Redemptions

Notes 3/23: Staking As A Security Offering, Bitcoin Price

The Securities and Exchange Commission’s regulatory wrecking ball is swinging again. This time it is aimed at cryptocurrency exchange Coinbase and the Tron platform and its companies. The agency took aim at Justin Sun, the colorful founder of Tron, and charged three of his companies – Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc.,… Read More Notes 3/23: Staking As A Security Offering, Bitcoin Price

Notes 3/22: Biden’s Economic Report, ETHW, and Lost Ethereum

If there was any doubt about the Biden administration’s thinking on cryptocurrencies, then yesterday’s economic report should clear all confusion. The report is damning in its assessment of the crypto ecosystem. “Cryptoassets to date do not appear to offer investments with any fundamental value nor do they act as an effective alternative to fiat money,… Read More Notes 3/22: Biden’s Economic Report, ETHW, and Lost Ethereum

Tornado Cash Becomes a Conduit for Hackers Again

In a volatile and unpredictable cryptocurrency ecosystem, hacks at decentralized finance (DeFi) are one of the few constants. The latest one occurred at lending platform Euler Finance last week. Crypto tokens worth $197 million were stolen during the hack. According to reports, the hacker stole four coins:  DAI stablecoin worth $8.7 million, $18.5 million worth… Read More Tornado Cash Becomes a Conduit for Hackers Again