A market analyst, Conor Ryder, CFA, recently explored the liquidity state of the crypto markets. Parameters like market depth, spreads, slippage, and volumes helped expose the liquidity problem.
Post-FTX-implosion liquidity gap not resolved
Under market depth, the analyst realized that BTC pairs are currently at the lowest level of liquidity associated with AnalystCryptoLevelsLiquidity Read More
Venezuela's energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of the national crypto department and ongoing corruption investigations involving the country's oil company.According to local media reports, crypto mining companies, and tweets from Venezuela's National Association of Cryptocurrencies, mining facilities were shut BitcoinCorruptionCryptocryptoexchangeExchangesFacilitiesMiningProbeShutsVenezuela Read More
The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank's application for membership in January, including the bank's involvement in the crypto space. According to the report, the Fed's board has raised "concerns about banks with business plans focused on a narrow BanksCryptoCustodiaDeniedFedMarketsMembershipTies Read More
U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act.
Source BankingcreatedCryptoProblems Read More
Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S. “We attach great importance to virtual asset (VA) BitcoinCryptocryptoexchangeEstablishingExchangesFirmsHongInterestedKongNewsOfficialPresenceRegulation Read More
Nasdaq plans to capitalize on the demand for institutional service providers in the crypto market by launching its crypto custody service at the end of the second quarter in 2023.
According to Ira Auerbach, the Senior Vice President and Head of Nasdaq Digital Assets, American stock exchange Nasdaq, is set to CryptoCustodyLaunchNasdaq Read More
“In the event of a widespread banking panic, which seems unlikely at this time, there will probably be the typical rush by investors into safe assets such as the U.S. Treasury securities. That is likely to help than hurt the dollar in the short term,” Eswar Prasad, professor at Cornell CryptoDeathDollarHyperinflationNarrativePunditsRealRomanceScare Read More
"The token will be required once you want to decentralize the sequencer," he said. "In order to have permissionless participation in the validator set, we don't have anything better than a token right now — like how you make it permissionless. But for now, since we are on this sequencer, AirdropCryptoEraLabsMatterPlansSpeculatingTwitterzkSync Read More
The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptocurrencies — according to Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Following the collapse of major banks such as Silicon Valley Bank and Credit AnalystAssetsBankingBitcoinCrisisCryptoExplainsoutperform Read More
The majority of the 6,376 mining rigs BlockFi sold to U.S. Farms & Mining are Bitmain Antminers, according to a previous filing. They are spread across the U.S. in Texas, Georgia, Kentucky and North Dakota, although the company also has some in Norway. About 400 of the machines had come 4.7MBankruptBlockFiCryptoGoAheadLenderMiningRigsSale Read More