Day: September 10, 2021

Crypto Evolution in Real Time — CoinDesk

A: We started as a six-person quant trading team out of Morgan Stanley. Initially, our primary focus was institutional clients like hedge funds and family offices. Over the past four years, Amber Group has scaled significantly and grown to be a top crypto finance platform servicing a global client base. We provide 24/7 global coverage for both institutional and individual clients, including institutions, hedge funds, token issuers, mining pools, exchanges and individuals. We help them access, trade and manage cryptocurrencies. Earlier this year, we secured a $100 million Series B…

Crypto Can Do Better Than ETFs

Like the race to bring the first crypto ETF to the U.S., the first ETF itself was not created overnight. It took several attempts to craft those early ETFs, mainly due to prevailing securities, tax and corporate law regarding structured products, managed investment schemes, mutual funds and derivatives. Crypto ETFs don’t have nearly the same universal buy-in across the financial community, so it is no surprise this has been marked with even more false starts and stumbles. It is enough to make one wonder whether crypto ETFs will ever be…

SEC-Threatened Lawsuit on Cryptocurrency Exchange Coinbase

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The U.S. Securities and Exchange Commission has threatened to sue listed cryptocurrency exchange Coinbase Global (-0.69%), if the latter goes ahead to offer a returns on crypto lending, a practice already common with other major exchanges. This past week the SEC warned that Coinbase’s proposed product, termed simply “Lend” and which would pay out interest on depositor’s cryptocurrencies, would fall afoul of existing security laws for being unregistered. Some see the SEC warning to Coinbase as sign that there’s a new sheriff in town, yet the tactics being used by the…

Bitcoin Stable Above $46K, Why $48K Holds The Key In Near Term

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Bitcoin price is consolidating above the $46,000 zone against the US Dollar. BTC is must clear $47,500 and $48,000 to start a steady increase in the near term. Bitcoin is facing a major resistance near $47,500 and $48,000 levels. The price is still trading well below $48,000 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $46,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase if there is…

Will The Cardano Smart Contracts Upgrade Trigger A “Sell The News” Event?

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Cardano smart contracts upgrade is almost upon us. With just three days left, there is a lot of speculation as to what the price of the digital asset will do until then. The weeks leading up to the launch have seen the asset hit multiple new all-time highs. That is until the crash that rocked the market on September 7th. Cardano suffered an 18% flash crash that saw it lose most of its gains for the previous weeks. Now, with the market still reeling from the crash, the digital asset…