Kaiko Research: Monthly Market Report April 2021

May 19, 2020 at 18:00 UTCUpdated May 19, 2020 at 18:15 UTCIran Moves to Restrict Crypto Exchanges Under ‘Currency Smuggling’ LawsThe Iranian government just made conduits to cryptocurrency markets riskier, and more confusing, than ever before. According to Iranian news outlet ArzDigital, the parliament published a proposal this week to include cryptocurrency in existing “currency smuggling”…

There's a lot of excitement over the possibility that a spot ether exchange-traded fund (ETF) may be around the corner. Here's what still needs to happen before one may launch. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Following

Recent advancements in financial innovation have laid bare shortcomings in current U.S. policy regarding stablecoins, which fails to strike the delicate balance of promoting financial innovation without sacrificing consumer protections or necessary regulation. As the global financial leader, the United States finds itself at a crossroads: we can either be the central player in managing

Energy thieves stole more than $6 million in electricity over the past three years, state-owned firm Rossetti says. (Credit: Shutterstock)Illegally built power stations, tampered power meters and underground mining farms helped “black” miners steal almost $6.6 million (450 million Russian rubles) from local energy providers over the past three years, state-owned power grid company Rosseti…

Bitcoin miners rallied strongly in the first two weeks of the month. JPMorgan notes that U.S.-listed bitcoin miners’ share of the global hashrate hit a record 26.6%. Every miner except Stronghold Digital outperformed bitcoin over this period, the bank said. Bitcoin (BTC) mining stocks hit record highs in the first two weeks of this month

Coinbase Inc. is the first crypto firm to get the gold-standard registration as a futures commission merchant, even as it remains in a legal battle for its life.The Commodity Futures Trading Commission granted Coinbase the ability to handle bitcoin and ether futures, which is another argument that ether is a commodity.As Coinbase Inc. (COIN) scraps…

Decentralized finance (DeFi) protocol Conic Finance said Friday that it had suffered an exploit that allowed an attacker to grab over 1,700 ether (ETH), worth over $3.6 million at current prices, that affected one of its Omnipools.Security firm BlockSec said that the root cause of the attack was price manipulation caused by "read-only reentrancy." Reentrancy…

The company behind Polygon Zero, the Ethereum scaling solution, said in a tweet on Thursday that Matter Labs, the firm behind the zkSync rollup, copied part of Polygon’s open-source code without providing attribution.Blockchain projects frequently release their code under open-source software licenses, meaning outside developers are allowed to read, copy, and even (in some cases)…

AI dominated the news in 2023. As this emerging technology evolves along with use cases, it has the potential to both be an assistive asset to business and pose competitive threats. How will financial advisors adapt to this technology and potentially face a competitive threat as clients will also have access to AI tools for