Class action lawsuits have been filed In New York against prominent crypto firms.
Crypto merger action. It Was Reported That Binance Had Purchased The Well Known But Often Criticized Coinmarketcap Website For USD 400M Equivalent - We Have Some Concerns Around Motivations Behind The Purchase
With Crypto Markets In A Rare Quiet-Moment, We Are Taking The Opportunity To Address The Bakkt Series B Fundraising Round Which Was Announced Two Weeks Ago.
The crypto sector is marginally lower this morning. With other global risk assets marginally higher, crypto continues trading mostly uncorrelated.
Global risk assets are mixed and BTC is outperforming. The rest of the Top 10 is also performing well with most up at least +10%.
Bitcoin (BTC) correlations with physical gold are relatively insignificant. On Monday, US equity futures were down over 3% on what has widely been described as a reaction to coronavirus spreading within southern Europe. Most of the Top 10 cryptos were down over 5%
The CME Group Bitcoin futures and options are showing growth and more market participants.
Crypto continues to push higher though BTC is lagging the rest of the Top 10.
Yesterday, Roger Ver's Announced They Had Pulled Their Mining Pool's Support Of The Upcoming Bitcoin Cash (BCH) Block Reward Development Fund Proposal.
The World Economic Forum Took Place Last Week And One Of The Main Talking Points Of The Entire Event Was Central Bank Digital Currency (CBDC) - Most Of The World's Major Central Banks Are Investigating Or Undergoing Plans To Launch Their Own CBDC.