Summary Are popular crypto stablecoins the next subprime CDOs, or even outright Ponzi schemes? The settlement agreement between Tether and the New York Attorney General’s Office, court transcripts, skimpy disclosures, and independent analysis by Bloomberg of Tether’s financials paint a troubling picture. Two stablecoins, Tether and USCoin, now have around $100 billion total in market …
Summary Payment for order flow, where Wall Street dealers pay retail brokers for retail investors’ orders, has captured the attention of the trading public. Wholesale dealers fill retail orders at an outsider’s price then pay an insider’s price themselves, capturing the difference. Retail investors need their own insider – a broker-dealer with access to insider …
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/XOCXAR7IY5FDBHSCROJUEUZM24.jpg?resize=1024&w=1024 "Blockchain Analytics Firm Elliptic Raises M to Fund R&D, Expansion")
The fundraising highlights growing interest in the transaction-analysis industry as companies strive to comply with AML rules and track the proceeds from successful hacks. Elliptic founder and CTO James Smith (CoinDesk archives) Elliptic, which helps track transactions on blockchains, has raised $60 million in a Series C funding round led by Evolution Equity Partners. The …
Blockchain Analytics Firm Elliptic Raises $60M to Fund R&D, Expansion Read More »
Opposition lawmakers are seeking a one-year delay in the enactment of the law as well as a lowering of the tax burden on crypto traders. Lawmakers belonging to South Korea’s opposition People Power Party have prepared a fresh challenge to the planned crypto tax law. According to The Korea Herald, opposition lawmakers are advocating for a one-year …
South Korean opposition set to tackle controversial crypto tax law Read More »
Bitcoin price action beats last week’s local high to edge ever closer into final resistance before all-time highs of $64,500. Bitcoin (BTC) is in top form — almost literally — as it heads into a new week less than 15% from all-time highs. A classic cocktail of factors has laid the foundation for a Q4 finale, …
BTC price hits $57K five-month high — 5 things to watch in BTC this week Read More »
The sharp upside retracement surfaces as retail frenzy around Shiba Inu hints at testing May peak levels. Shiba Inu (SHIB) kickstarted its new weekly session in the green as it continued its bullish retracement move from last week’s low of $0.00002058. SHIB’s price logged an intraday high of $0.00002907 on Oct. 11, netting over 40% …
Shiba Inu rebounds 40% despite major selling by SHIB whales Read More »
Developing economies are more affected by issues related to remittances and inflation, BitMEX’s CEO said. Countries in the developing world will soon follow in the steps of El Salvador and make Bitcoin (BTC) legal tender, BitMEX CEO Alexander Höptner recently predicted. In a Wednesday blog post, Höptner expressed support for El Salvador adopting Bitcoin as legal tender in September, predicting …
BitMEX CEO predicts Bitcoin will be legal tender in five countries by 2022 Read More »
