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Bittrex and Poloniex Move for Summary Judgment in Market Manipulation Case

Bittrex and Poloniex Move for Summary Judgment in Market Manipulation Case

Attorneys representing cryptocurrency exchanges Bittrex and Poloniex notified Judge Failla of the Southern District of New York Friday of their intention to move for summary judgment in a class action case that alleges they, along with Tether and Bitfinex, were involved in fraud and market manipulation, according to court filings. Disclosure The leader in blockchain …

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Market Wrap: Bitcoin Breaks $11,800; Ether Options Market Explodes

Market Wrap: Bitcoin Breaks $11,800; Ether Options Market Explodes

Bitcoin continues its rebound this week after Sunday’s crash. Meanwhile, the ether options market suggests a roller coaster ride ahead for the world’s second largest cryptocurrency. It’s been a positive week for bitcoin so far. The world’s oldest cryptocurrency is continuing its rebound from a Sunday price crash, appreciating 12% on a bullish run that …

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5 Years After Launch, Predictions Market Platform Augur Releases Version 2

5 Years After Launch, Predictions Market Platform Augur Releases Version 2

Augur released the second version of its betting platform Tuesday. The project was one of Ethereum’s first in 2015 with angel investments from Vitalik Buterin. Its v2 adds a suite of new crypto tools including IPFS, MakerDAO’s Dai, 0x Mesh and Uniswap’s pricing oracles. The ultimate decentralized finance (DeFi) money Lego has arrived: Augur Version …

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Market Wrap: Stocks Make Gains While Bitcoin Sticks to $9,200

Market Wrap: Stocks Make Gains While Bitcoin Sticks to $9,200

A bullish stock market left bitcoin behind Monday with the world’s oldest cryptocurrency trading flat. The absence of action in bitcoin is in contrast to the performance of global equities on Monday. Stocks across the world today:  “In recent trading sessions, bitcoin traded in a narrow range of $9,100-$9,200,” said Constantin Kogan, partner at cryptocurrency …

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Lightspeed Venture Partners backs crypto market maker Wintermute in $2.8 million fundraise

Lightspeed Venture Partners backs crypto market maker Wintermute in $2.8 million fundraise

A trading firm sitting behind both the centralized and decentralized cryptocurrency worlds has scored $2.8 million in a Series A funding round led by Lightspeed Venture Partners.  Wintermute, a London-based market maker in the digital asset space, announced Tuesday the close of the multi-million dollar raise exclusively to The Block, noting that the fresh capital …

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CoinFLEX overhauls strategy to focus on building a ‘repo’ market for the crypto industry

CoinFLEX overhauls strategy to focus on building a ‘repo’ market for the crypto industry

In a bid to breathe new life into its market for crypto derivatives, Hong Kong-based CoinFLEX is relaunching its platform and focusing on what it says will bring a digital asset twist to the repo market. Launched in 2019, CoinFLEX first emerged as a marketplace for physically-delivered futures. Despite some initial success, the firm has …

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A Key Thesis for Bitcoin's Long-Term Bull Market Just Got a Knock

A Key Thesis for Bitcoin’s Long-Term Bull Market Just Got a Knock

A popular narrative argues the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus-induced recession, could hyperinflate the economy and fuel a major rally in bitcoin.  However, that bullish theory, which suggests the cryptocurrency would be viewed as a hedge asset in dire economic times, has been dealt a blow by recent …

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Early use of UMA’s ‘priceless’ synthetic reflects promising but nascent market

Early use of UMA’s ‘priceless’ synthetic reflects promising but nascent market

Quick Take Nine days after launch, UMA’s ETH/BTC “priceless” synthetic counts over $44,000 in open interest  The token initially traded at a premium as high as 52% versus spot, although the spread has since collapsed  Despite relatively muted market interest, the launch showcases the value of the “priceless” approach This research piece is available to …

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Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Bitcoin declined for the first time in three days as traders in digital-asset markets and more traditional stocks considered the implications of U.S. President Donald Trump’s latest broadsides against China on the coronavirus and Hong Kong.  Bitcoin (BTC) was changing hands around $9,400 as of 20:00 UTC (4 p.m. ET), slipping less than a percent …

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