• NYU Prof. Nouriel Roubini and BitMEX CEO Arthur Hayes, as they appeared in a digital flyer (via BitMEX).
    Cryptocurrencies,  United States

    Report: CFTC investigating BitMEX for trading violations

    Potential suit comes days after CEO Arthur Hayes tangled with NYU professor and cryptocurrency critic Nouriel Roubini

    On Tuesday, NYU Professor and prominent cryptocurrency critic Nouriel Roubini penned a column titled “The Great Crypto Heist,” in which he savaged a frequent target, cryptocurrency derivatives platform BitMEX, as both corrupt and crooked.

  • Nasdaq
    Cryptocurrencies

    CoinMarketCap launches cryptocurrency indices on NASDAQ, Bloomberg

    Well-regarded indices key to creating mutual funds, ETFs tracking asset class

    Data provider CoinMarketCap is launching a pair of cryptocurrency benchmark indices on NASDAQ, Bloomberg, and several other market information services, it announced Wednesday in a blog post.

  • Are tether tokens really backed by dollars? (via Shutterstock)
    Media,  Opinion,  Tether

    Bloomberg’s Tether story doesn’t answer persisting questions

    The real concern with Tether isn’t whether or not it has enough cash in the bank

    Tether advocates rejoiced on Tuesday after a story by Bloomberg’s Matt Leising seemed to reassure readers that the stablecoin had enough dollars to back each token. “Bank statements reviewed by Bloomberg News suggest those fears may be unfounded,” Leising wrote. The story’s big contribution to the Tether debate was only that Bloomberg saw four separate months’ worth of Tether’s balances and each exceeded the amount of circulating tokens. Yet Tether’s bank balances should be expected to be positive at month’s end. As written in the often-cited study by John Griffin and Amin Shams of the University of Texas on alleged manipulation of Bitcoin prices using tethers: “the strong negative effect on…

  • Christie 's
    Innovators

    Art on the block: Christie’s big bet on blockchain

    Financial innovation unlocks gig economy for artists

    Last month in New York City, legendary auction house, Christie’s, set a world record by fetching $323.1 million for the Ebswoth Collection of works by American Modernists masters Edward Hopper, Willem de Kooning, Jackson Pollack, Georgia O’Keeffe, Alexander Calder, Joseph Stella, Charles Demuth, Charles Sheeler, and others. Not only did the auction shatter records for the highest prices ever secured for a collection as well as for 13 individual artists, but it also was the first art sale of this magnitude recorded on the blockchain. Partnering with Artory, a blockchain-based registry that tracks provenance for art and collectibles, Christie’s is leading the way in bringing mass adoption of the blockchain…