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OKEx Bitcoin Cash Futures Debacle Shows Danger of Unregulated Exchanges

The latest Bitcoin Cash hard fork had ramifications on the entire crypto community. Independent of whether you trade BCH, its recent split had disastrous financial consequences for many… and inspired some unorthodox moves from others. Malta-based exchange OKEx left traders furious last week after taking the decision to change the terms on $135 million Bitcoin Cash derivatives contracts. Continue reading OKEx Bitcoin Cash Futures Debacle Shows Danger of Unregulated Exchanges

Tel Aviv Investment Firm Silver Castle Launches Trio of Crypto Funds

The infrastructure for institutional investors in the crypto market continues to gain steam despite this year’s relentless bear market. Most recently, Israel-based crypto investment fund Silver Castle, which targets institutional and accredited investors, unveiled two crypto funds in November with another fund waiting in the wings and is targeting $50 million in assets under management (AUM) by year-end, according to Bloomberg. Continue reading Tel Aviv Investment Firm Silver Castle Launches Trio of Crypto Funds

Bank of Thailand Governor: No Central Bank Digital Currency Within 3-5 Years

Thai citizens will have to be patient in the wait for a retail central bank digital currency that will save them from carrying cash around. According to the governor of the Bank of Thailand (BoT), Veerathai Santiprabhob, plans to switch from cash to a digital currency will not happen within the ‘next 3-5 years’. This is because the process of creating a central bank digital currency (CBDC) ‘is not easy’ and is time-consuming due to the complex nature of the monetary system. Continue reading Bank of Thailand Governor: No Central Bank Digital Currency Within 3-5 Years

$14 Billion Wiped Out of Crypto Market

Bitcoin, the most dominant cryptocurrency in the market in terms of price, market cap, and volume, demonstrated the smallest loss out of all major cryptocurrencies. Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Stellar (XLM), Litecoin (LTC), EOS, and many other cryptocurrencies recorded losses in the range of 7 to 15 percent. Continue reading $14 Billion Wiped Out of Crypto Market