On the upside, an analysis says the price still has plenty of room to grow—which doesn’t mean a Bitcoin ETF is coming soon, despite efforts to tack one into a bigger commodities fund. One group that’s aggressively pursuing BTC gains is the over-55 crowd, who appear to be concerned that the Federal Reserve’s quantitative easing—aka money printer go “Brrr”—may cause enough inflation to put their plans to snowbird in Tampa/St. Pete in jeopardy. On the downside, it’s looking like a $2 billion day for crypto crooks.
-
-
Must-reads for Nov. 12, 2018: BitMEX pushes back, Galaxy’s lost in space, and CFTC punishes fraud
These are the crypto stories you should be following today
BitMEX CEO defends the billion-dollar crypto exchange: ‘We don’t trade against customers’ (Yahoo Finance UK) Arthur Hayes, CEO of BitMEX, is countering allegations the world’s largest crypto futures exchange is trading against customers, giving preferential access to favored customers when servers go down, and makes money with its insurance fund (which appears as an asset on its balance sheet). He claims their trading desk is treated like any other customer, that BitMEX is working on its server problems, and that the insurance fund—which hasn’t been used in nearly two years—still serves to benefit its customers in times of volatility. Execs are fleeing Mike Novogratz’s Galaxy Digital as the firm…
-
Must-reads for Nov. 5, 2018: EOS is BS, ETH may go POS, and WEF touts BCH
These are the crypto stories you should be following today
Interview: Researcher Argues EOS isn’t a Blockchain — Just a Distributed Database (CCN) A paper by Whiteblock, a blockchain testing firm, has come down hard on EOS, the controversial protocol started by Block.one (helmed by none other than Brock Pierce). “EOS is not a blockchain, rather a distributed homogeneous database management system, a clear distinction in that their transactions are not cryptographically validated,” Whiteblock said. CCN interviewed Whiteblock’s CTO, Zak Cole, about their findings. Bitcoin is 10 years old: This is how it began and where it’s headed (World Economic Forum) One of the most bitterly debated topics in crypto is Bitcoin Cash. That makes this particular post provocative;…
