On-chain Activity Suggests Bitcoin Price Volatility Will Continue, Thanks to ‘Whales’

Bitcoin’s (BTC) price volatility spiked in January and could further increase over the near term because “whales” have surfaced. The cryptocurrency’s annualized volatility grew roughly eight percentage points in January to a three-month high of 58.2 percent, according to Kraken’s monthly report.  Volatility rose as bitcoin’s price rallied from lows near $6,850 on Jan. 3 to a three-month high of $9,570 on Jan. 31. The cryptocurrency closed out January with 30 percent gains, registering its best January performance since 2013.  With the price rally, whales – those buyers of large…

The Flash Loan Attacks Explained (For Everybody)

Today we’re breaking down the flash loan attacks that rocked the DeFi community in a way even your grandpa can understand, presented in both audio and full-text format below. For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. John: The world of cryptocurrency is no stranger to fast money… Bitcoins, ethers, and thousands of others like them take just minutes or even seconds to send across the street or to the other side of the world.…

Financial Services: The Coming Cataclysm

Alex Tapscott is a venture capital investor, co-author (with Don Tapscott) of Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World and co-founder of the Blockchain Research Institute, in Toronto. The following excerpt, written by Alex Tapscott, is from his new book Financial Services Revolution, available in all good stores now. Facebook’s foray into cryptocurrencies should surprise no student of technology. After all, the digital revolution has transformed nearly every aspect of our lives, except banking. Financial intermediaries depend more or less on pre-internet technologies. Libra is simply the…

Blockstation Builds Disclosure Tool for Security Token Issuers on Jamaica Stock Exchange

Blockstation, a Canadian digital asset trading systems firm, has built a fast-track disclosure filing process for companies hoping to list security tokens on the Jamaican Stock Exchange (JSE). Announced Tuesday alongside JSE’s launch of a tokenized Initial Public Offering (IPO) platform, Blockstation’s new tool, called the Smart Listing Accelerator Process (SLAP), is designed to streamline the filing of required regulatory disclosures and prospectuses, said CTO and co-founder Jai Waterman Waterman said SLAP “lowers the barrier to entry” for companies that want security token offerings (STOs) but do not know how to…

CoinDesk’s New Opinion Section: The Future of the Financial System Is Up for Debate

Announcing CoinDesk’s new opinion section, a place for discussions on the future of money and all the interesting questions that surround crypto and blockchain as ideas.  Starting today, CoinDesk will be publishing daily columnists such as Preston Byrne, Jill Carlson, Nic Carter, HASU, Stephanie Hurder, Jeff Dorman, JP Koning, Yorke Rhodes, Byrne Hobart, William Mougayar, Leah Callon-Butler, Lex Sokolin, Kevin Kelly, Ajit Tripathi and James Cooper. Wherever you stand on bitcoin as an actual payment system, or whether you think additive X-for-blockchain business ideas went too far, you have to…

Golden Cross Gives Little Relief as Bitcoin Risks Fall Below 2020 Bullish Trendline

View Bitcoin is struggling to draw bids despite a confirmed “golden cross” pattern on the daily chart. That, coupled with bearish short duration indicators, suggests scope for a convincing break below the 2020 rising trendline currently near $9,700. That would expose the next support at $9,200. The bearish case would weaken if prices return above today’s Asian session high of $9,825. A move above Sunday’s high of $10,051 is needed to revive the short-term bullish setup. While a long-term chart indicator has just made a bullish call, bitcoin is struggling…

China’s DCEP Unlikely to Impact Crypto Markets in the Long-term, eToro Analyst Says

China is taking a great leap forward to develop a central bank digital currency, with more than 80 patents filed by the People’s Bank last week. The 84 patents filed on Feb. 13 include proposals related to the supply and issuance of a central bank digital currencies (CBDC) as well as interbank settlements using the digital yuan and the integration of digital currency wallets into existing retail bank accounts, according to a recent report by the Financial Times. While the Chinese government is still largely quiet on the initiative, the…

How Bitcoin Is Used by Activists and Refugees to Promote Human Rights

CoinDesk reporter Leigh Cuen is joined by the Human Rights Foundation’s Alex Gladstein and Syrian entrepreneur Moe Ghashim to discuss how cultural context shapes the way people view bitcoin, including stories from the Middle East. Many bitcoiners see cryptocurrency as a cypherpunk tool that enhances personal freedoms, with cypherpunk meaning “using privacy tech to promote social change.” There are diverse users around the world gaining this type of value from bitcoin, but they rarely give interviews or are seen on stage at conferences.  Later we’ll explore the risks of governments…

Binance to Offer White-Label Exchange Infrastructure for Local Markets

Binance is launching a digital asset trading platform that can be rebranded by smaller exchanges for their local markets. Binance Cloud will offer local exchanges spot market and futures trading, as well as local bank API integrations and peer-to-peer (P2P) fiat-to-cryptocurrency exchange services, the company said in a statement Monday. Implementing a product like Binance Cloud would relieve potential exchange operators of the software burdens involved in security and scalability. That gives them more time to worry about, say, getting the proper licenses and registrations in their jurisdiction. According to…

Why Bison Trails Is Staying the Course on Libra

Viktor Bunin is a protocol specialist at Bison Trails, a company that offers one-click access to various blockchain nodes. While the number of Bison Trails users is, according to Bunin, headed “up and to the right,” he addressed concerns with Libra and the recent drop-out of major banking and business players. In short? He’s not worried. We spoke to Bunin at ETHDenver where he described the company’s view on Libra. “I mean, honestly, I don’t know about specific companies or individuals,” he said. “But I think one thing that I…