Amazingly enough, Bitcoin, known for its price volatility, has been ranging about the $3,800 price point within tight boundaries for all of 2019. Yes, it has dipped a bit and made a run over $4,200, but for this crypto heavyweight, settling into a tight trading range is, for want of a better word, peculiar. As…
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A persistent problem that all crypto related companies face not only in the U.S. market, but also in many other global jurisdictions, is the inability to obtain even the most basic of banking services from domestic banking institutions. Bloomberg starts by quoting a complaint from Sam Bankman-Fried, CEO of quantitative crypto trading company Alameda Research:…
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The Federal Reserve Bank in the U.S., the agency responsible for monetary policy and a host of related duties, produces two semi-annual reports each year to update the Congress on its activities. Its chairman, Jerome Powell, must then sit before Congress for two days to review the report and answer any queries that any attending…
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According to guidelines instituted in April of 2017, the National Police Agency (NPA) of Japan has reported its findings for suspicious financial transactions. The results for potential money laundering cases where cryptocurrencies was the “detergent” of choice rose tenfold, escalating from 669 cases in 2017 to 7,096 in 2018. Although crypto cases constituted only 1.7%…
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Coinhive, a crypto exchange with a ne’er-do-well reputation and based out of Germany, has announced that it will be shutting its doors this week. Its Monero mining script will no longer be supported. The firm cited multiple money related reasons, but in the end, it claimed that its operation was no longer “economically viable”. In…
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Where there are large amounts of data, there is always the possibility for analysis that can expose patterns and trends that may have been missed. If the blockchain is anything, it is a wealth of data and audit trails that await cogent analysis to reveal the secrets hidden beneath the surface. The latest analysis demonstrates…
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When it comes to JP Morgan (NYSE:JPM) and all things crypto, Jamie Dimon, its outspoken chairman and CEO, just cannot keep his mouth shut. Jamie Dimon and his bank were recently the center of attention when it became the first bank to issue cryptocurrency, but praise soon turned to criticism when it became known that…
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Crypto startup Curv announced that it has raised $6.5 million to launch its breakthrough technology in crypto wallet design, which will be a software-only, cloud based approach and will eliminate the need for private keys. Curv, headquartered in the U.S., says the digital asset wallet is designed specifically for financial institutions. According to the firm’s…
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Switzerland represents a unique dichotomy when it comes to accepting all things crypto. Government officials have willingly thrown their country’s hat into the ring, vying for the economic benefits of having a blockchain development center headquartered in country. Crypto Valley is an ecosystem centered in and around the Swiss canton of Zug with active connections…
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A major stumbling block that crypto exchanges face is the issue of price manipulation and the lack of sufficient monitoring and surveillance tools to address these concerns on a daily operating basis. Until progress is made in this area, the SEC and major institutional players will not embrace cryptocurrencies going forward. Two former fintech engineers…
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