Category: Analysis

U.S. Government Shutdown, Assuming It Doesn’t Run Long, Will Slow, Not Cripple Crypto Efforts

September 25, 2023CryptoLeave a Comment

“If the government shuts down, forward progress on bills will be stalled,” said Sheila Warren, CEO of the Crypto Council for Innovation, an industry advocacy organization, who says she’s concerned about lawmakers losing the focus that’s been a challenge for the industry to build. “In the aftermath of a shutdown, it is unclear what issues […]

Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?

March 24, 2023CryptoLeave a Comment

“In the event of a widespread banking panic, which seems unlikely at this time, there will probably be the typical rush by investors into safe assets such as the U.S. Treasury securities. That is likely to help than hurt the dollar in the short term,” Eswar Prasad, professor at Cornell University, told CoinDesk, calling the […]

A Closer Look at FTX’s Most Recent Bankruptcy Documents

March 7, 2023CryptoLeave a Comment

A cursory look at just those two assets for FTX (which does not include FTX US) reveals something really beyond comprehension. The identified deficit between customer payables, which are customer balances, and total assets, which are assets the bankruptcy team has located plus the amount of customer balances owed to FTX, was $1.6 billion in […]

SEC Tightening of Crypto Regulations Is not an Existential Threat

February 17, 2023CryptoLeave a Comment

The custody rule change is currently a proposal, and is favorable for bank-custodians and thus positive for crypto custodians such as Anchorage, who have bank charters, and also custodians who operate under state charters, analysts Gautam Chhugani and Manas Agrawal wrote.

Falling Stablecoin Issuance Is Negative Sign for Crypto Trading

February 14, 2023CryptoLeave a Comment

“Rising market prices enticed traders to take on more leverage, in the form of borrowing stablecoins, which was then used to buy more crypto,” analysts Sheena Shah and Kinji Steimetz wrote. “Falling market prices were catalyzed by a reduction in crypto liquidity caused by traders closing long crypto positions, followed by redemptions of the stablecoin […]