Crypto-Analysis

Morgan Stanley continues to increase its exposure to Bitcoin and has bought a considerable amount of GBTC shares for totals of about $303 million. However, the $36 billion trust feels the push from cheaper ETFs. The FT found GBTC trades at a 15% discount on the value of its underlying assets. Banking giant Morgan Stanley…

The Starknet Alpha project has transitioned from several months of operation on the public testnet to the Ethereum mainnet, exceeding the initial schedule. The development progressed successfully during its time on the testnet, with regular updates introducing new features. Starknet Alpha is a Layer-2 scaling solution for Ethereum, built on ZK-Rollup technology. This technology leverages…

The US Securities and Exchange Commission (SEC) has approved the launch of the Bitcoin Strategy ETF. The exchange-traded fund (ETF) buys cryptocurrency (in this case, bitcoin), and sells shares to stock exchange investors. The first U.S. exchange-traded bitcoin fund has been listed on the New York Stock Exchange since October 19. Investors now have access…

A new analysis has found that up to 70% of cryptocurrency trades on the world’s most popular exchanges may be people buying from themselves. It is a form of market manipulation on unregulated crypto exchanges to inflate prices artificially. A study of 29 cryptocurrency exchanges – including Coinbase, Gemini, Binance, Bittrex, Huobi, and many others…

There are two big questions considered “uncouth” in financial circles. For fiat currencies, it is: “What backs the central bank-issued money?” For cryptocurrencies: “How much should 1 BTC actually be worth?” Recently in the United States, Republican Senator Cynthia Lummis from Wyoming told CNBC that bitcoin is the standard, so, unlike other cryptocurrencies, it’s not…

We finish our description of the cryptocurrency industry through the eyes of “traditional” financiers, primarily bankers. As it turned out, they are not as blinkered as we used to think. Moreover, they can reasonably assess the prospects of a decentralized financial world. Strong impression of DeFi Decentralized finance has undoubtedly greatly impressed financial market professionals….