Over the past week, Citigroup and Morgan Stanley have doubled down on their plans to offer tradable instruments and products around Bitcoin. Alistair Milne, the chief information officer at Altana Digital Currency Fund, stated that the increasing interest towards cryptocurrencies as an asset class by banks and regulated financial institutions is crucial, as it demonstrates…
Investors trade over $11 billion worth of crypto assets on exchanges on a daily basis. What that figure does not include, however, are over-the-counter trades that are said to dwarf on-exchange trading volumes as large investors prefer to conduct their bitcoin trades away from the prying eyes of exchange order books. What is the OTC…
$83 billion investment bank Morgan Stanley is following the footsteps of Citigroup and Goldman Sachs, and will soon offer Bitcoin swap trading to its clients. As reported by Alastair Marsh at Bloomberg, the US banking giant has already developed the infrastructure required to offer complex derivatives tied to Bitcoin and will launch Bitcoin swap trading…
The crypto market is having arguably the most positive month in its nine-year history. Yet, the price of major cryptocurrencies like Bitcoin and Ethereum have struggled to reflect optimistic developments in the industry. 13 days into September and the crypto market has seen Gemini introduce the market’s first fully audited and licensed stablecoin, EU commission…
It’s official. This week the crash of cryptocurrencies in now greater than the crash in high technology shares after the dot-com bubble at the beginning of 2000. On Wednesday the MVIS CryptoCompare Digital Assets 10 Index had fallen by 80 per cent from its high in February this year. The Nasdaq index of high tech…
If you think that it’s at the mercy of its developers, or its users, you’re wrong, too. These sorts of polemic stances that accuse one group of having total authority over Bitcoin are all too common in casual conversations and established news sources alike. When we focus on the undue influences of a single faction of the Bitcoin community,…
As Bitcoin ranges in the $6,000-7,000 range and regains its market dominance, many altcoins are being pushed to their year-to-date lows which is resulting in an overwhelmingly bearish market sentiment. Due to the negative market sentiment, mainstream media outlets have been quick to liken the 2018 crypto crash to the dot-com bubble burst in 2000.…
Recent research suggests that there needs to be coordination between leading providers of cryptocurrency infrastructure products to protect against disruption caused by hard and soft forks. However, previous incidents of network upgrades have only strengthened bitcoin and efforts to govern the protocol raise questions over potential centralization. Do Leading Industry Participants Need to Attempt to…