Kevin Kelly, Delphi’s lead analyst, noted that Bitcoin’s performance year-over-year had yielded a 40% return, despite its recent fall from grace. He added: “There are a handful of asset classes boasting positive returns this year and crypto is one of them. Bitcoin’s latest rebound pushed its year-to-date return back into the black as investors continue…
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The red candlesticks thereafter for BTC tell a story of exaggerated declines, representing a loss of nearly two–thirds of its value before the market snapped back in dramatic fashion. There had been much discussion over the past year as to how any cryptocurrency might react to a “black swan” event or a radical correction in…
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Another week, another casualty in the crypto community. The ravages of Crypto Winter continue to wreak havoc on the crypto landscape, as a court in Hong Kong has ordered the local Gatecoin crypto exchange to shut its doors and liquidate its assets. Gatecoin marks the fifth crypto exchange to close its doors in 2019. Company…
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How can you economically determine if your crypto platform’s blockchain coding could be vulnerable to a major hacking compromise? The easiest way, it seems from a recent report, is to offer “bounties” to a group of professional hackers to scour the open-source code in the crypto universe for susceptible targets of entry, i.e., vulnerabilities. Various…
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If there is one event that would send Bitcoin enthusiasts into absolute delirium, it would have to be the SEC’s approval of a highly anticipated Bitcoin exchange-traded fund (ETF). Jay Clayton, the chairman of the SEC, has never equivocated his position on the possibility of this ETF, even after a dozen or so of failed…
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Bitcoin prices are surging again, testing the $4,000 psychological level once more and doing their best to convert this formidable resistance plateau to one of support. If Bitcoin is to accelerate to higher realms, it must build a launching pad from which to do so, but analysts remain confused as to what is driving this…
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Crypto Winter’s consequences are now reaching global standard setting bodies for the banking establishment. Up to now, crypto related assets have been below the radar, so to speak, from an overall risk perspective, but the Basel Committee on Banking Supervision (BCBS), under the auspices of the Bank for International Settlements (BIS), has sent a directive…
Read moreIt was one more week of churn, as the Brexit train hurdled down the track to who knows where. Even after two years of divisive debates, we seem no closer to a final decision. The options remain: delay, leave, or stay, with the latter looking dimmer everyday. The March 29 deadline is fast approaching, however,…
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It’s Friday. It must be time for another update on the continuing saga of QuadrigaCX, the beleaguered Canadian crypto exchange that has re-written the book on how not to operate an exchange of any kind, while handling other people’s money. Now Gerald Cotten’s poor widow would have us believe that, out of the goodness of…
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IBM (NYSE: IBM) is continuing its foray into the crypto space by releasing its beta version of its custodial solution for digital assets through a third part, Shuttle Holdings, a New York investment firm. Its forthcoming Digital Asset Custody Service, or “DACS” for short, is built upon IBM’s private cloud and encryption technologies, coupled with…
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