Tag Archives: Ether

Crypto Hedge Fund Manager Disputes Augur Metrics of $2 Mln, Claims Only $100,000 at Stake

Crypto Hedge Fund Manager Disputes Augur Metrics of $2 Mln, Claims Only $100,000 at Stake

Blockchain-based prediction market Augur is reportedly significantly overestimating its usage, a founding partner of cryptocurrency hedge fund Tetras Capital claimed on social media on Jan. 10. The latest criticism of the project, Alex Sunnarborg took Augur to task following publication of its most recent weekly report showing the amount of money circulating within its markets. Specifically, the report claims around $2 million is […]

Bitcoin Bull Mike Novogratz’s Trading Desk Loses $41M Last Quarter

Bitcoin Bull Mike Novogratz’s Trading Desk Loses $41M Last Quarter

Bloomberg has revealed that Mike Novogratz’s cryptocurrency trading desk lost $41M in the third quarter of 2018. After Bitcoin dropped below $5k for the first time this year, retail traders and institutions alike are feeling the pain from the enormous downward moves. Bloomberg reported the fair value of Galaxy’s digital assets currently stands at $91M. Considering the net cost of […]

Coinbase Raises $300 Million in New Funding, Aims to Support ‘Thousands’ of Cryptocurrencies in the Future

Coinbase Raises $300 Million in New Funding, Aims to Support ‘Thousands’ of Cryptocurrencies in the Future

On Tuesday (30 October 2018), Asiff Hirji, President & COO of Coinbase announced via a blog post that the crypto exchange had raised $300 million in its latest funding round, valuing the company at over $8 billion. In his blog post, Hirji started by saying that Coinbase sees “tremendous promise in crypto to build the next great phase of the […]

Financial Heavyweights TD Ameritrade and Cboe Backing ErisX, a New Regulated Crypto Exchange Competing With Bakkt

Financial Heavyweights TD Ameritrade and Cboe Backing ErisX, a New Regulated Crypto Exchange Competing With Bakkt

On Wednesday (3 October 2018), Eris Exchange, a Chicago-based derivatives exchange founded in 2010 and specializing in swap futures, announced ErisX, a planned new regulated crypto exchange offering both spot and futures markets on the same platform that will be competing with Intercontinental Exchange‘s Bakkt platform (which is launching in November) for the attention of institutional investors. ErisX is “backed by both new and […]

The World’s First Perpetual BCH/USD, XRP/USD, LTC/USD, and XRP/XBT Futures Contracts

The World’s First Perpetual BCH/USD, XRP/USD, LTC/USD, and XRP/XBT Futures Contracts

On Friday (31 August 2018), London-based cryptocurrency derivatives firm ‘Crypto Facilities’ (a competitor to BitMEX and Deribit) announced that it had launched perpetual futures contract on XBT/USD, and the world’s first perpetual ETH/USD, BCH/USD, XRP/USD, LTC/USD, and XRP/XBT futures contracts. This is how the news was announced on Twitter: View image on Twitter Crypto [email protected] We have just launched […]

Bitcoin Falls Below $6,600 As Investors Ponder Significance of SEC’s Postponement of VanEck Bitcoin ETF Decision

Bitcoin Falls Below $6,600 As Investors Ponder Significance of SEC’s Postponement of VanEck Bitcoin ETF Decision

The U.S. SEC’s postponement of its decision on the VanEck-SolidX Bitcoin ETF to 30 September 2018, as covered here yesterday, has left the crypto markets bruised but not battered, with Bitcoin suffering a drop to below $6,600, with almost all other top 50 cryptocurrencies currently in the red. Although the SEC’s decision to take more time by extending the deadline […]

Europe’s Largest ETF Trading Firm Moves Into Crypto

Europe’s Largest ETF Trading Firm Moves Into Crypto

Flow Traders NV, an Amsterdam-based speed trading firm that is considered Europe’s largest ETF trader, is reportedly making markets in the first exchange-traded notes (ETN) based on Bitcoin (BTC) and Ether (ETH). According to a recent Bloomberg report, while multiple high-speed trading firms are active in crypto, Flows Traders is the first firm to publicly disclose it’s buying […]

SEC Has Removed ‘Stumbling Block’ for Ether Futures, Says Cboe President

SEC Has Removed ‘Stumbling Block’ for Ether Futures, Says Cboe President

Cboe Global Markets may now be close to launching an ether futures product, following a recent comment from a U.S. Securities and Exchange Commission (SEC) official indicating that the agency doesn’t consider ethereum’s native cryptocurrency a security. On Thursday, the SEC’s director of corporation finance William Hinman notably said that, based on his understanding of “the ethereum network […]