Recent fresh capital inflows has accelerated the growth of cryptocurrency options
Happy Friday! BTC up 3% in the past 24 hours, flirting $9,900, teasing the market at the $10K psychological level. In the last few days, I noticed BTC weakness from the start of Asia session followed by buying activity when the U.S. woke up, driven primarily by spot buying (futures curve still relatively flat). This is why I suspect that U.S. capital is driving the current bid; both retail and institutions. …
What is halving and how will it affect the price of Bitcoin?
Some call it “halving”, and others “halvening”, but any conversation about Bitcoin in the next week will likely refer to these terms.
What is halving?
It is an event where the reward for mining new blocks is halved, such that miners receive 50% less Bitcoin for verifying transactions. …
Last week, we launched our flagship dual currency BTC/USDC linked product (DCP) that involves a cryptocurrency option, giving the market an opportunity to earn an enhanced yield based on one’s view of the movements of Bitcoin (BTC) in the future and the risk undertaken. Our first-to-market innovative wealth management product is built for BTC Hodlers who seek to grow their crypto portfolio through an income generation yield strategy. In this primer, I will help you better understand the product, benefits and the risks involved.
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What’s Behind Ethereum’s Price Moves Lately?
A notable series of technical events has occurred on Ethereum in the past few days, leading to positive price momentum. We noticed Ethereum breaking above its 100MA for the first time since May 2018 on 17 Feb, helped by short covering in the markets. Market participants then were collectively net-short (52% shorts 48% longs on 17 Feb) on BitMex (which we hardly see).
On 18 Feb, price broke convincingly above the descending trendline that has capped Ethereum’s price action the whole of last year. …
Everyone in the blockchain space is watching the U.S. closely for regulatory clarity, technological breakthroughs and mainstream adoption. If we turn to Asia however, we notice that various parts of the region have been powering ahead with significant developments which could put them in the running to be a leader in the digital asset class. Given the open-source nature of blockchain, it is really anyone’s guess who will cross the finishing line first. While it may be premature to speculate, investors should have at least a broad understanding of how the region’s relationship with the digital asset class may shape…
In September last year, the Japanese banks announced that they were launching a digital currency, originally dubbed as the J-Coin. The project went into radio silent mode for more than a year with most feeling that it was either too ambitious or radical that such a transformation of this magnitude will bring to the economy.
Lo and behold, this week, the second largest Japanese bank, Mizuho Financial Group, announced that it will launch a JPY stable coin by March 2019. Surprisingly, this headline hasn’t created as much excitement despite the many implications.
This announcement is significant because of the following:
(1) EU Parliament calls for action on blockchain adoption in trade https://bit.ly/2PE6lyO
(2) Blockchain developer role tops LinkedIn’s 2018 jobs list https://bit.ly/2zZZFGe
(3) Hong Kong stock exchange eyes world’s first digital asset exchange https://bit.ly/2EzBK4L
(4) Crypto-friendly app Revolut wins EU Banking license https://bit.ly/2S6z0ic
(5) Coinbase allows Paypal withdrawal https://bit.ly/2EpSABQ
(6) Major German stock exchange to launch crypto trading platform https://bit.ly/2CbN4Bv
(7) ICOs are “effective way” to raise capital if rules are followed: SEC Chairman https://bit.ly/2QM5m4u
(8) France: Gov’t report recommends $570 million blockchain investment https://bit.ly/2Bkwe1K
(9) SEC’s Crypto Czar signals some flexibility on token offerings https://bit.ly/2QA5ViF
(1) Venezuela to sell oil for Petro cryptocurrency in 2019 https://bit.ly/2AYCdZT
(2) Chinese Governments have put 40 bil yuan funds into blockchain this year https://bit.ly/2EmEylj
(3) Mastercard files patent for increasing anonymity of blockchain transactions https://bit.ly/2BW5NRv
(4) Singapore Government Agency, PwC & others back new blockchain accelerator https://bit.ly/2BXLzXm
(5) U.S. introduces two bills to prevent crypto price manipulation https://bit.ly/2EhGwn2
(6) 4 Banks completed commercial paper transaction on R3’s Corda https://bit.ly/2zIen4M
(7) Coinbase considers adding 30 cryptocurrencies to its exchange https://cnb.cx/2Pt5RvB
(8) SEC delays Bitcoin ETF decision till 27 Feb 2019 https://bit.ly/2SyUHHn
(1) Amazon’s AWS will launch a blockchain service using Hyperledger Fabric and Ethereum for its clients. https://cnb.cx/2zvPuJl
(2) Ohio becomes the first state to accept Bitcoin for tax payments. https://bit.ly/2SlwzIi
(3) Nasdaq to launch Bitcoin futures in Q1 2019 https://bloom.bg/2Qkvvab
(4) SEC settles charges with Floyd Mayweather & DJ Khaled https://bit.ly/2Q2kE5o
(5) VanEck, SolidX make case for Bitcoin ETF at latest meeting with SEC https://bit.ly/2zyehwA
(6) SEC’s Clayton needs to see key upgrades in crypto markets before approving a bitcoin ETF https://cnb.cx/2RfeiMt
(7) El-Erian: Crypto to go mainstream & survive the bear market https://bit.ly/2FL3X9T
Many investors have asked me why crypto assets have been selling off for the past two weeks. Having worked on the trading floor in investment banks for almost a decade, I was trained to rationalize market behaviours. While many have rightly singled out Bitcoin Cash fork on 15 November as the catalyst; the cascading effect has not been very well articulated. …
Former Barclays, Citi & Deutsche Bank. Investment Banker. Entrepreneur. FinTech. Financial Inclusion. Thinker. Growth. Strategy. Seeking clarity in the chaos.