Cryptoexchange Coinbase confidentially files for IPO December 17, 2020 Coinbase, one of the world’s largest cryptocurrency exchanges, has said it has submitted the necessary paperwork to officially go public in an IPO. The company said it had “confidentially submitted our draft registration (Form S1) with the Securities and Exchange Commission.” There had been rumblings of a float over the summer according to Reuters reports. [...]
Can Tokenisation Save the Rainforest and Cure “Climate Cancer”? December 17, 2020 J.P. Thieriot in conversation with James Bowater. J.P. is the co-founder of the Universal Protocol Alliance (UPA) an alliance of companies out of which the first carbon neutral Bitcoin has been born. First, can we understand the mission of the UPA? The mission started off a couple of years ago, addressing the consumer side of [...]
COVID and remote-work – is decentralisation the future? December 17, 2020 Vaccines for COVID-19 are here, but for many, remote working may be here to stay. The global pandemic has had an enormous impact on how most businesses operate. Organizations have shifted from office-based work and centralised operations to a remote and more agile way of working. One oft-quoted figure I saw early in the pandemic [...]
Breaking the barrier December 17, 2020 Monkey of the back Bitcoin finally pierced its way through the key $20,000 level and more important for the longevity of the uptrend, the break did not result in an aggressive trigger of stops. Instead, the break was well managed and steady. The subsequent price action was equally steady, even if somewhat one directional and [...]
Bitcoin surpasses $20,000 to hit all-time high December 16, 2020 Bitcoin has surpassed $20,000 this afternoon reaching its highest ever level making it one of the best performing assets of the year. The cryptocurrency jumped 4.5 per cent to trade as high as $20,440 after a strong year which has seen demand from larger institutional investors. The pandemic has led to a reassessment of bitcoin [...]
From Industrialized Yield Farming to Hydroponics December 16, 2020 | Sponsored Over the course of 2020 the liquidity locked in decentralized finance (DeFi) protocols has grown in rapid fashion with use cases such as crypto-backed lending, decentralized exchanges (DEX’s) and insurance bringing the Total Value Locked (TVL) in DeFi to its current peak ~$15 billion with the majority of this capital existing on the Ethereum blockchain. [...]
Record highs December 16, 2020 Road to 20k The relentless appetite for risk drove the market higher yet again and with that, aggregate Bitcoin futures open interest (OI) advanced to a new record high. Interestingly, the CME has lost some ground to the likes of OKEx and Binance, although the OI still remains above $1 billion. Nevertheless, with the contango [...]
Lighting the flame December 15, 2020 Crypto interest opens The bullish camp gained further ground and the open interest (OI) surged back to within a touching distance of record highs, while the futures term structure was stretched even more in the wake of the broad-based risk on sentiment. As a result, Bitcoin traded briefly above the $19,500 level, before falling back [...]
Lending against Crypto? – A $10bn loan market emerges as 2020 comes to a close December 15, 2020 At the time of writing, the global market capitalisation of crypto assets (bitcoin, Ethereum and the like) is in excess of US$400bn. While still much smaller than other more traditional asset classes, this is considerable growth in market cap from a year ago, and yet – considering the perception of inherent volatility in crypto as [...]
NFTs: A hot trend for hackers December 15, 2020 2020 has been another milestone year for new, emerging crypto trends. From the research conducted by our Hacken team, we found that Decentralized Finance (DeFi) undeniably saw the most explosive growth with the total value locked in protocols up 2,000% since January 1, from US$690m to US$14.5bn. However, the Non-Fungible Token (NFTs) space has also [...]
