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ECB Says It’s Ramping Up Crypto Surveillance to Include Off-Chain Data
The ECB says the “central banking community” will refine its monitoring of crypto transactions, both on- and off-chain. In an Aug. 7 report the ECB argues that “closing the data gaps associated with crypto-assets” continues to pose a significant challenge for regulators and financial institutions.
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Tether Stablecoin Wallet Analysis Shows 318 Wallets Control 80% Of All USDT In Existence
Centralization is a well-known problem of crypto markets. People often referred to as whales control a fifth of some markets and have the strength to promote manipulation whenever they want to. Tether, however, seems to be facing an even worse situation: only 318 crypto addresses actually control 80% of the circulating supply of Tether.
tags: CryptoAssets Tether Stablecoins Fintech AltCoins Bitcoin
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I tried to pay with bitcoin at a Mexico City bar—it didn’t go well
“By visiting this Mexico City bar, I was struck by how little things have changed since I started covering the technology in 2011. Over the last eight years, the bitcoin community—and bitcoin’s price—has grown by orders of magnitude. The bitcoin economy has much more sophisticated infrastructure for storing and trading bitcoins. But practical applications for bitcoin—beyond trading it, holding it, and hoping to get rich—seem almost as elusive today as they were eight years ago.”
tags: Bitcoin Fintech CryptoAssets
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Bitcoin Price Dives $700 as Simpsons Pattern Rears Its Ugly Head
Bitcoin’s $700 intraday sell-off on the 6th was accompanied by the return of the always-unwelcome “Bart Simpson” technical pattern, which occurs when a cryptocurrency’s price spikes, trades sideways with a series of higher lows, and then suddenly collapses back toward its original level.
Kiffmeister’s Fintech Daily Digest 08/08/2019
