AVOIDING THE ISSUE? Even if XRP were a security, the investors suing Ripple brought their case far too late for it to proceed, the company said in a new court filing. In a bid to have the case dismissed, Ripple did not answer whether XRP is a security under U.S. law. Full story
LIQUIDITY INSIGHTS: Fragmented markets are a salient feature of the crypto asset class. No other asset class trades across so many small pools of liquidity. Bitcoin itself could be considered a thinly traded asset, and this market structure makes it difficult to agree upon a bitcoin price, according to an interview with Catherine Coley, CEO of Binance US and Sam Bankman-Fried, CEO of Alameda Research. Full story
FUTURES FUND: The New York Digital Investment Group (NYDIG) has secured approval from the U.S. SEC to offer institutional investors shares of a novel fund focused on bitcoin futures. The NYDIG Bitcoin Strategy Fund will invest in cash-settled bitcoin futures contracts traded on exchanges registered with the CFTC, but does not intend to invest in bitcoin directly. Full story
HEALTH HASHING: The first application on Kadena’s public blockchain, expected to launch in January, is a tracking platform for cannabis-derived CBD oil. The project is only the first step in Kadena’s plan to tap into the multibillion-dollar healthcare industry, Will Martino, the firm’s CEO, said. Full story
FRIENDLY DATA: Microsoft is pitching blockchain technology as a way to make artificial intelligence less scary for its corporate customers. The firm has a new tool called Azure Blockchain Data Manager that takes on-chain data and connects it to other databases where AI can be deployed to build trust and transparency. Full story |
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| NO WINNERS: Bitcoin's bull-bear stalemate continues, with prices trapped between key levels of $7,087 and $7,870. A move above the latter level is needed to invalidate a lower-highs setup and revive the short-term bullish view. Recent lows near $6,500 will likely come into play if support at $7,087 is breached, reinforcing Wednesday's bearish hammer candle. Full story |
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