Kaiko Research: Monthly Market Report November 2020

Sep 16, 2020 at 13:35 UTCBakkt President Adam White (CoinDesk archives)Trading volume in physically delivered bitcoin futures listed on Intercontinental Exchange’s Bakkt platform surged to record highs on Tuesday. The derivatives exchange traded record 15,955 contracts, worth more than $200 million. That's up 36% more than the previous lifetime high of 11,706 contracts on July…

Blockchain industry executives often say they idealize “decentralization,” “self-sovereignty” and “trustlessness” – espousing a vision for a future internet and financial ecosystem free of rent-seeking intermediaries and unreliable middlemen.But time and time again, major blockchain companies and projects come up short – with users surprised and angry to realize that they unknowingly placed their trust…

Daily chart (CoinDesk BPI)Market Wrap: Derivatives May Reduce Miner Selling Pressure After Bitcoin HalvingWith less than a week to go before the expected May 12 halving event, bitcoin's price is swinging upward. The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue…

news A French central banker is calling for a global regulatory framework on crypto assets. In a speech at an Official Monetary and Financial Institutions Forum (OMFIF) meeting in London on Tuesday, Denis Beau, a deputy governor of Banque De France, said: “There is indeed a need for overall consistency to prevent regulatory arbitrage under…

news Cryptocurrency custodian BitGo has announced the addition of Xapo‘s Pete Najarian to its executive team. Joining as the chief revenue officer, Najarian is tasked with global sales strategy. Najarian was senior vice president of institutions at bitcoin service provider Xapo before joining BitGo. Coinbase Custody announced its acquisition of Xapo’s institutional business last week.…

The Blockchain Association's efforts to lobby the U.S. Congress, in what Politico called a "not-so secret weapon," is an affront to efforts to stop Hamas and other terror groups using crypto to finance themselves, Sen. Elizabeth Warren (D-Mass.) said in a letter to the group's chief executive, Kristin Smith."I write regarding a troubling new report

MakerDAO founder Rune Christensen seems to have changed his mind about the future of stablecoin regulation in the United States after the Biden administration’s recent report on the topic.In an interview with CoinDesk TV on Wednesday, the Denmark native said that the report, which was released by the President’s Working Group on Financial Markets last…

XMR briefly topped $180 last week, reversing the Binance-led February slide.The token has gained nearly 25% in four weeks amid a crackdown on Botnet mining.XMR's daily chart shows a bullish golden cross pattern.It is said that markets typically fall fast and rise slowly. This year's price action of privacy-focused cryptocurrency Monero (XMR) is a perfect

news Rhode Island issued a request for proposals aimed at exploring the viability of blockchain technology to improve state operations. This comes on the heels the state relaxing certain security laws for blockchain businesses. Is the second-most dense state by population looking to become a hub for the crypto industry? Director of the Department of…