Kaiko Research: Monthly Market Report April 2021

Jan 13, 2020 at 11:20 UTCViewBitcoin jumped more than 11 percent last week, confirming a falling channel breakout (bullish reversal) on the weekly chart. The breakout has opened the doors for a re-test of October highs above $10,000. For the next 24 hours, the focus is on $8,200, a level that has proved a tough…

news A parliamentary committee in the U.K. may move to probe Facebook’s Libra cryptocurrency project over fears it will wield too much power. Speaking to Financial News, Damian Collins, chair of the House of Commons’ Digital, Culture, Media and Sport Committee, said, given the company’s past poor record on privacy, he has concerns that Facebook can…

Dec 9, 2019 at 15:05 UTCUpdated Dec 9, 2019 at 15:28 UTCWhat if there were a way to empty all the ETH held by the Maker protocol?That's $300 million worth of crypto right now. That's a lot of money. Even if doing it caused the price to drop in half or even by two-thirds, it…

news The Italian government could soon amend regulations to allow legalized blockchain timestamping and validation of digital documents. The country’s senate, the Senato della Repubblica, on Wednesday published a proposal to add distributed ledger technology and smart contract-related terms to Senate Act No, 989, passed in December 2018. As well as including definitions of blockchain and…

Two days later, Santa Clara, California-based Silicon Valley Bank (SVB), a go-to institution for venture-backed tech startups, was taken over by the California Department of Financial Protection and Innovation, which said the firm had “inadequate liquidity and insolvency.” This past Sunday, New York-based Signature Bank was closed by state regulators in what they called an…

NEWS Intercontinental Exchange’s bitcoin futures trading platform is delaying its formal launch. Announced Tuesday via a company blog post, Bakkt’s first product, unveiled in August, has now been postponed to Jan. 24, 2019. Trading and warehouse operations are both expected to begin on that date. The platform explained that “the new listing timeframe will provide additional time for…

This episode is sponsored by NYDIG.On this edition of “The Breakdown Weekly Recap,” NLW looks at two new policy frameworks released by companies in the crypto and Web 3 space. The first comes from Coinbase and argues there should be a new regulator for digital assets. The second comes from venture capital firm Andreessen Horowitz…

The House Financial Services Committee advanced a set of crypto bills after a landmark markup on Wednesday.Though the fallout from crypto exchange FTX loomed large over lawmakers as they worked toward ironing out the details of bills designed to provide a unified legal framework for crypto and address blockchain-related issues, a majority of lawmakers ultimately…

The entire crypto world and much of the U.S. financial sector is anxiously awaiting word from the U.S. Securities and Exchange Commission (SEC) on whether it will approve a spot bitcoin exchange-traded fund (ETF). SEC Chair Gary Gensler has chosen this moment to issue a broad warning about the hazards to investors of getting into