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Articles by Jonnie Emsley
MoonPay Secures In-Principle Approval for Class 2 Virtual Financial Assets License
All articles MoonPay has been granted in-principle approval for a financial license from the Malta Financial Services Authority (MFSA). 26 Feb 2021•by Jonnie Emsley MoonPay, a financial technology company building payments infrastructure for cryptocurrency, has been granted in-principle approval for the issuance of a Class 2 Virtual Finance Assets ("VFA") License from the Malta Financial Services Authority (MFSA).
Several key metrics suggest that Bitcoin could be preparing for a power move
Key metrics show that bulls may be betting heavily on Bitcoin as the coin reclaims ground from its late-February tumble in tandem with the global economy. Investors seem to be accumulating with real conviction. Bitcoin’s 7-day trading average volume as measured by the Bitwise 24-hour “real” spot volume index is at the highest level since June 2019, when BTC posted its high for the year at $13,764, according to Arcane Research.
Op-ed: Bitcoin has never been closer to becoming a global reserve currency, here's why
As foreign currency markets take aim at decades-old lows against a soaring U.S. dollar, one might wonder where global citizens will turn if they are unable to flee to the greenback — whether on account of shortages, barriers to purchase, legal restrictions, or all of the above. To say foreign currencies are in a bad way right now would be a gross understatement indeed.
Former Bakkt CEO may have insider traded after attending a private January congressional hearing on Coronavirus
Bakkt · U.S. · People of Blockchain March 20, 2020 at 2:50 am UTC · 2 min read Junior United States Senator and former CEO of Bakkt Kelly Loeffler disclosed dumping millions of dollars worth of stock holdings in the days and weeks following a private senators-only briefing on the Coronavirus in late January, as reported by The Daily Beast.
Crypto market structure "broke" last week but BitMEX wasn't the cause, says crypto fund manager
The managing partner and co-founder of crypto hedge fund Multicoin Capital, Kyle Samani, says that the crypto market structure “broke” last week on account of a bottleneck in the Bitcoin blockchain and miners shuttering operations.
Global interest for Bitcoin could be about to explode, here's why
Trade volumes are booming on primary and secondary Bitcoin exchanges as Google searches for the number-one crypto skyrocket, indicating that to some degree a panic-induced flight to BTC may be in its early stages after the global economy’s recent capitulation. Real trading volumes have rocketed on the Bitwise 24-hour spot volume index — on Friday standing at $5.7 billion, one of the largest days ever recorded by the San Francisco-based asset manager.
Bitcoin searches on Google are rocketing upward even after the massive drop, here’s why
The search term “Bitcoin” has exploded in popularity on Google in the last week, suggesting the unfolding global economic crisis may be spurring on interest in BTC even in the wake of one of the coin’s most devastating sell-offs ever. Worldwide search volumes for Bitcoin have broken out to hit a seven-month high according to data from Google Trends, having started to rocket on Wednesday, March 11.
Futures traders anticipating further declines even after Bitcoin's colossal drop
Back-month Bitcoin futures contracts are trading at a steep discount to spot on the leading exchanges, indicating that derivatives traders could have low expectations for a price recovery after the coin’s recent capitulation. The basis, which measures the premium or discount between the spot price and the futures price, is often considered a useful gauge of sentiment in the futures market.
FTX CEO: Bitcoin price might have gone to zero if BitMEX hadn't gone offline
Bitcoin · BitMEX · Analysis March 13, 2020 at 7:19 am UTC · 2 min read The CEO of Hong Kong-based crypto derivatives exchange FTX has speculated that if BitMEX had not gone offline on account of “hardware issues” Friday morning, the price of Bitcoin could have crashed to zero.
BitMEX reportedly freezes as XBTUSD crashes 10% below Bitcoin spot price [UPDATED]
The price of Bitcoin dived $400 below the BTC spot price on BitMEX’s Bitcoin perpetual swap contract as the platform reportedly halted trading on account of “system instability.” Traders have widely reported experiencing a system crash on BitMEX between 02:16 and 03:00 UTC Friday morning, as XBTUSD crashed to $3,600, $400 below the Bitcoin spot price.
Bitcoin price hits 10% below spot price on BitMEX as funding rate tanks to lowest level in years
The price of Bitcoin deviated $400 below the BTC spot price on BitMEX’s Bitcoin perpetual swap contract as the platform’s funding rate cratered to its lowest level in years. The huge divergence came following a ferocious market-wide sell-off that saw Bitcoin shed nearly 40 percent against the dollar, one of the coin’s worst days on record.
Bitcoin tumbles in tandem with global market after Trump Coronavirus address; here are the levels to watch
Bitcoin has entered a sharp sell-off in the wake of an address Wednesday night by U.S. President Donald Trump on the Coronavirus, strengthening speculation the number-one crypto by market cap is trading as a risk-on asset.
Funds on CME Bitcoin futures market have turned aggressively bearish, data shows
Large speculators on the CME Bitcoin futures market appeared to be positioned overwhelmingly short weeks in advance of Bitcoin’s supposed coronavirus panic-selling correction. Data from the CTFC Commitment of Traders report reveals that, in late January, leveraged funds began to turn aggressively bearish on the CME cash-settled Bitcoin futures market.
This fintech firm is launching crypto debit card for users in 178 countries
Adoption March 5, 2020 at 4:15 pm UTC · 2 min read Crypterium, a crypto fintech firm led by Visa’s former General Manager for Central Europe, claims to have rolled out the most widely available prepaid crypto debit card, allowing users in 178 different countries to spend Bitcoin, Ethereum, and Litecoin in-store and online. The card comes as the second iteration for Crypterium, who purportedly ran into a bottleneck in production with their inaugural debit card, launched last June.
Quant crypto fund: Bitcoin is just as "susceptible to market panic" as other assets
Quantitative crypto fund Strix Leviathan says the narrative of Bitcoin as a hedge against economic uncertainty could be false—considering last week’s nearly unprecedented stock market sell-off, where the S&P 500 suffered its sharpest correction since the 2008 financial crisis and BTC shed nearly 15 percent in USD terms. The number-one cryptocurrency by market capitalization started to tumble in tandem with the S&P on February 19 as market panic ensued on account of the novel coronavirus.
Near-majority of Ethereum holders in profit as Grayscale investors increasingly allocate to ETH
According to crypto analytics firm IntoTheBlock, 43 percent of ETH addresses are in profit with the Ethereum spot and derivatives markets seeing explosive growth in key metrics, making the second-largest crypto one of the top-10’s biggest showstoppers this year. The first two months of 2020 have seen Ether rally nearly 110 percent against the dollar, with a $15 billion injection in market capitalization seeing the coin rapidly gain dominance in the broader crypto market.
CME posts one of its largest volume days ever as Bitcoin marks three-month buy-streak
Trading volume has rocketed to a near-all-time-high on the CME cash-settled Bitcoin futures market as the number-one crypto by market capitalization continues one of its longest unbroken uptrends since the first half of last year. Tuesday posted over 23,000 contracts, worth $1.1 billion, according to preliminary data from CME Group, the Chicago-based commodities exchange that operates the market’s most actively traded regulated Bitcoin futures contract.
Strix Leviathan: the crypto quant fund that's beating the market with a differentiated investment approach
Career dotcom entrepreneur and serial bootstrapper Jesse Proudman is the co-founder of Strix Leviathan, a quantitative hedge fund that’s beating the market through software and systematic investing. “Strix Leviathan” etymology Like so many entrepreneurs, Proudman may have found his initial concept as a reward for past struggles.
BTSE leaves Dubai for British Virgin Islands: Why crypto businesses still haven't found their regulatory utopia
Regulation February 7, 2020 at 9:30 am UTC · 3 min read Crypto exchange BTSE has shifted its operations out of Dubai, claiming that regulators in countries with “non-permissive legal systems” are holding back the mass adoption of cryptocurrency with their inaction and broken promises. The move comes as the latest in a global game of musical chairs by crypto businesses, who have little choice but to relocate in the face of regulatory uncertainty.
Handshake mainnet goes live allowing anyone to own top-level domains like ".com" and earn in decentralized fashion
Technology February 4, 2020 at 8:00 am UTC · 2 min read Handshake, a Proof-of-Work DNS protocol spearheaded by the co-creator of Bitcoin’s Lightning Network, has launched its mainnet in its bid to decentralize trusted Certificate Authorities and replace authoritative bodies like ICANN that govern top-level domains (TLDs) like “.com” and “.org.” Handshake functionality – Namebase.io The project has maintained a low profile since debuting in August 2018, when news broke Handshake had raised...
CryptoSlate partners with Paradox Consulting for crypto media advertising and marketing
Paradox Consulting AI & blockchain advertising Paradox are the Official Advertising Partners of CryptoSlate and specialise in Marketing and Blockchain Advertising, propelling businesses forward with our unique and highly effective marketing strategies and powerful design experience. Our advertising network offers the most comprehensive and highest converting campaigns for Advertisers and Publishers worldwide.
Bakkt open interest hits all-time-high as futures traders continue to bet on Bitcoin buy streak
As Bitcoin closed out its best January in seven years, open interest rocketed to a new all-time high on Bakkt’s physically-settled Bitcoin futures market, and institutional traders on CME Group looked to position themselves for higher highs. Bulls at Bakkt On Friday the Bakkt physically-settled contract saw a new record of $11.6 million in open interest—up 114 percent in a week, according to data from Bakkt Volume Bot.
Ledger tells Londoners to "take back control" using crypto and "choose freedom" on Brexit Day
Hardware wallet provider Ledger has erected a digital billboard over London’s Canary Wharf financial hub reading “let’s take back control for real,” taking a jab at the pro-Brexit rhetoric of British Prime Minister Boris Johnson on the day the U.K. formally leaves the European Union (EU).
MyEtherWallet adds ".crypto" email-style naming feature for personalized ETH addresses
MyEtherWallet (MEW) users are now able to send and receive ETH and ERC-20 tokens using their own personalized “human-readable” address instead of the standard 42-character public key. Unique addresses can be created on MEW in the form of “[name].crypto,” powered by Unstoppable Domains, a blockchain registry startup funded by Draper Associates and the Ethereum Foundation. Unstoppable Domains CEO Matthew Gould commented: “Blockchain domains enhance the payment experience for cryptocurrency users.
Stablecoin protocol Terra surpasses one million users in less than 9 months
Eight months after launch, Terra, a stablecoin protocol backed by four of the world’s largest crypto exchanges, has surpassed one million user accounts and hit an annual run rate of $2.4 billion, the company reported in a press release seen by CryptoSlate.
Venezuelans are paying a $1,700+ premium on LocalBitcoins and volumes are the fastest-growing in the world
Bitcoin · Venezuela · Analysis January 13, 2020 at 8:00 am UTC · 2 min read Volumes have skyrocketed on LocalBitcoins Venezuela after posting a staggering 2,492 percent increase over the last twelve months, making the stricken South American economy the world’s fastest-growing—but likely the most expensive—market for LocalBitcoins.
Dragonchain test demo hits 15,000 transactions per second
“Enterprise-first” blockchain platform Dragonchain clocked a peak performance of 15,000 transactions per second in a 24-hour performance demonstration Thursday, as reported by the company’s official Twitter account. Dragonchain said that a quarter of a billion transactions were fully processed within the 24-hour window, making for an average throughput of 2,800 transactions per second, and peaking at 15,000 per second.
CryptoSlate partners with IntoTheBlock for real-time crypto analytics and market intelligence
IntoTheBlock, a machine learning-driven crypto analytics firm, is to integrate its unique market intelligence into CryptoSlate to bring real-time indicators and signals to users. CryptoSlate recognizes IntoTheBlock’s (ITB) sophisticated approach to data-driven analysis, which continues to broaden our understanding of the crypto market and the ability to deliver unique and valuable insights to users.
Explosive market data suggests Bitcoin's buy streak could just be getting started
Analysis January 9, 2020 at 12:30 pm UTC · 2 min read A sudden jump in key metrics in both the futures and spot markets indicates strength and institutional sponsorship behind Bitcoin’s latest rally, a factor that could mark the start of an extended winning streak for the bulls. As it stands, the five-day rally has seen Bitcoin gain more than 16 percent in price and $15 billion in market capitalization, having kicked off at $6,900 January 2 and peaking January 7 at $8,440.
Key data shows Bitcoin uptrend is at risk as Bitfinex longs suddenly plunge
Bitcoin · Bitfinex · Crypto Exchanges January 7, 2020 at 5:30 am UTC · 2 min read Bitcoin has rocketed to a 30-day high after posting one of its largest intraday rallies in weeks, but closer inspection suggests the sudden breakout may not mark the start of an uptrend. The rally, which began around 9 pm UTC Monday, injected more than $4 billion into market capitalization over five hours and took BTC to just below the $8,000-mark.
Record-low Bitcoin volumes and volatility signal uncertainty behind BTC's latest rally
Despite a strong rebound in both price and sentiment, the Bitcoin market is grappling with the lowest real trade volumes seen since April last year, as reported by Forbes. Bitcoin posted a convincing bull rally Friday morning, seemingly ending a weeks-long consolidation that had taken BTC down to $6,900. The recovery appears to have been driven by a collection of buy orders resting below the $7,000-mark, characterized by a rapid spike in open interest on both the CME and Bakkt futures contracts.
Bitcoin hashrate surges to all-time high after Chinese government pressures miners to scale down operations
Bitcoin · China · Mining January 3, 2020 at 8:27 am UTC · 2 min read Just after regional authorities reportedly urged Bitcoin miners to reduce electricity consumption in Sichuan — a province that could account for up to 50 percent of global hash power — BTC’s hash rate rocketed to a new all-time high.
Development has started on Litecoin privacy features, but crowdfund still needs $57,000 in donations
The development has officially begun on Litecoin’s implementation of Mimblewimble extension blocks, a feature that will bring confidentiality to the sixth-largest cryptocurrency by market capitalization. The news comes nearly a year after Litecoin creator Charlie Lee announced the intention to improve LTC’s fungibility by enabling confidential transactions, and a month after the Litecoin Foundation began accepting donations to support the effort.
Bitcoin was the world's top-performing commodity in 2019 after a year of healthy growth
Bitcoin has wound up as 2019’s top-performing commodity despite its exclusion from the majority of commodities market wrap-up reports. With an annual increase of 90 percent, the number one cryptocurrency by market capitalization beat by a significant margin Palladium (+57 percent), U.S. crude oil (+35.8 percent), and nickel (34.1 percent), according to data from Reuters. How does Bitcoin’s volatility stack up?
Fortress has reduced its offer to buy up Bitcoin claims of Mt. Gox victims
Bitcoin · Japan · Crypto Exchanges December 20, 2019 at 8:21 am UTC · 2 min read New York-based investment firm Fortress Investment Group has issued a new letter to creditors of the long-collapsed exchange Mt. Gox, proposing to purchase Bitcoin claims at a lower price than previously offered. In July, Fortress offered to purchase claims at $900 per BTC, double the bankruptcy value of Bitcoin at the time of the Mt. Gox collapse.
Futures data suggests latest Bitcoin rally is just short-covering, most Bakkt contracts aren't being settled
A massive drop in open interest on the CME and Bakkt Bitcoin futures contracts indicates short-covering has fueled BTC’s latest rally, likely egged on by the expiry of Bakkt’s December contract. On Tuesday, open interest rocketed more than 1,000 percent on the cash-settled CME contract for December, the day after Bakkt hit an all-time-high for open interest on its physically-settled December contract, according to analytics outfit Skew Trading.
Fidelity Digital Assets sets up shop in the U.K. after Johnson win; can Europe lead crypto adoption?
Fidelity Investments Financial services company Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts. Fidelity Digital Assets is Fidelity's full-service enterprise-grade platform for storing, trading, and servicing eligible digital assets. Support for Bitcoin and Ethereum is reportedly planned in early 2019 and will include both over the counter trade executions and order routing. Learn More ➛
Report suggests Ponzi scheme PlusToken may have stolen hundreds of millions, not billions
Bitcoin · China · Scams December 17, 2019 at 9:00 am UTC · 2 min read Blockchain compliance firm Chainalysis has issued a new report suggesting that PlusToken, the multi-billion-dollar Ponzi scheme widely suspected to have been driving down the price of Bitcoin with mass liquidations, could have misappropriated less crypto than previously alleged.
Bitcoin longs hit record high on Bitfinex, long squeeze incoming?
The number of Bitcoin long contracts on margin trading platform Bitfinex has exploded in December to reach the highest level in years, far exceeding the levels of BTC’s late 2017 bull market. Bitfinex BTC Longs – TradingView Traders currently hold more than 43,000 long positions, worth $299,784,000, on Hong Kong-based Bitfinex. The ratio is overwhelmingly skewed in favor of the bulls, who hold 87.1 percent of all positions. Margin trading platforms, longs vs.
Ethereum locked in DeFi hits all-time high, total deposits up 22,400 percent in two years
Ethereum · DeFi December 11, 2019 at 6:09 pm UTC · 2 min read The amount of Ethereum locked in Decentralized Finance (DeFi) has hit an all-time-high after one of the most explosive months for deposits on record and is now up 22,400 percent since December 2017. More than a million Ether ($146 million) has been deposited into DeFi products in the last four weeks, pushing the total locked up to 4.5 million ETH, according to data from DeFi Pulse.
StormX launches crypto rewards for up to 30% back on brands like Microsoft
StormX has ventured into the eCommerce space with the launch of its second product, StormShop, a rewards platform allowing users to shop online and claim up to 30 percent back in crypto from brands including Microsoft, Macy’s, and Groupon.
LocalBitcoins volumes hit all-time-high in Argentina after Trump tariff announcement
LocalBitcoins P2P Bitcoin trading site LocalBitcoins is a peer-to-peer Bitcoin exchange. We are a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can browse our website for trade advertisements and search for a payment method you prefer. You will find traders buying and selling Bitcoins online for more than 60 different payment methods. Learn More ➛
Deutsche Bank: crypto could replace fiat and "soar" by 2030
Deutsche Bank (DB) believes cryptocurrencies could replace fiat by 2030 as the “forces that hold the fiat money system together” begin to unravel. The bombshell was dropped in a report Thursday by the 149-year-old bank, which is Germany’s largest, and comes a week after news broke that Germany will likely allow financial institutions to deal in crypto as early as next year.
New platform shows rankings for most influential Twitter accounts by cryptocurrency
Crypto research platform LunarCRUSH has launched a tool ranking the most influential Twitter accounts by their impact on specific cryptocurrencies. The California-based company markets itself as taking a “community-driven” approach to cryptoanalysis and claims to crunch data from more than 100,000 social media posts each day using machine-learning. The influencer function is the platform’s latest addition.
ENJ up 37.5% after Microsoft and Enjin launch rewards program on Ethereum
Microsoft and blockchain gaming firm Enjin have unveiled a novel tokenized rewards program based on Ethereum, Azure Heroes, and are piloting the scheme in “selected Western European countries.” The bulls sent Enjin Coin (ENJ) rocketing shortly after Microsoft’s announcement, with market capitalization spiking 42 percent up to $67 million. The rally made ENJ the market’s best performing coin of the day, up 37.5 percent at the time of press.
Bakkt claimed its Bitcoin futures contracts wouldn't be traded on margin for "market integrity" — turns out they are | CryptoSlate
Bakkt’s intention to provide a pure non-leveraged Bitcoin futures product seems to have evaporated — both of the firm’s futures contracts are traded on margin, as pointed out by Alex Kruger: “Myth: Bakkt futures fully backed by bitcoin.
Litecoin Foundation launches crowdfunding campaign to develop confidential transactions for LTC
The Litecoin Foundation has announced the creation of a dedicated fund to support the ongoing development of privacy features for Litecoin and is calling for community members to donate. On Tuesday, the Singapore-based non-profit said on LitecoinTalk the fund will finance the efforts of David Burkett, the Grin developer currently working to bring confidential transactions to Litecoin via MimbleWimble extension blocks (EBs).
Grin developer: Litecoin closer to gaining privacy features with MimbleWimble
The Grin developer tasked with implementing privacy features in Litecoin, David Burkett, has created a thread for monthly updates on the LTC MimbleWimble integration and has announced progress on the plan to bring confidentiality features to the sixth-largest cryptocurrency by market capitalization. Burkett posted via Twitter: “I’ll be posting monthly status updates detailing progress on the LTC MW EB (YAY acronyms).
Germany to allow banks to deal in cryptocurrency in 2020, here's what this will mean
The federal parliament of Germany has passed a bill that will allow banks to become custodians and merchants of cryptocurrency in 2020, German business newspaper Handelsblatt reported Wednesday. The move represents a bombshell milestone in adoption and could, in theory, make crypto as liquid as cash in the world’s fourth-largest economy.
Bakkt's volumes up 6,250% since launch, futures data bullish for Bitcoin
Bakkt, the market’s first physically-settled Bitcoin futures offering, has posted another record day in trade volume on its monthly contract and is now an order of magnitude away from the volumes of its cash-settled competitor at CME Group.
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