THE BIGGEST WAVES HITTING THE CRYPTO SHORE
7th major hacking incident of 2019 occurred!
BitMex in hot waters yet again.
CoinMarketCap new index might just be what every crypto trader has been looking for.
SOME ALGOZ UPDATES
ALGOZ HAD A BLAST IN MALTA & SINGAPORE!
It was great meeting our friends of the crypto community! Our team was a part of the Malta AI & Blockchain Summit and Blockshow Asia in Singapore. We are proud and happy to have let more people know about our liquidity & trading solutions!
Check out some photos from the events:
INTRODUCING ALGOZ RESOURCES!
Last month, we introduced the Algoz blog! This month, we are delighted to have launched a new page on our website, the Resources tab! You can find all our previous newsletters archived there, our blog posts, and much more!
Want to learn how to detect trading manipulations in crypto markets? Check out this article written by Tom Cohen, Algoz Trading Room Manager, and member of the 'Algoz Content Creators'!
Follow our socials for more updates on our activities!
30 DAYS IN 1
BIGGEST TRADING NEWS & MORE
What’s in store for 2020? Bitcoin Options! The CME Group issued a statement that “options on its Bitcoin futures contracts will be available for trading starting January 13th, 2020.”
User Data Leak. Derivatives exchange, BitMex, accidently leaked 30,000 users’ email addresses in a mass-mailing incident.
Liquidity trumps Volume. After facing some brutal backlash for its inflated volume reporting, CoinMarketCap is now providing its users with a new index which uses Liquidity as a metric as opposed to volume. As a “go-to” website for a large portion of the people in crypto, this new metric can become the gold standard for ranking while it sheds some light on the true figures in cryptocurrency trading.
Bearish but Smart(ish). If you own over 1000 Bitcoins, you are a part of a prestigious league. Yes. That’s correct. You are on the ‘Bitcoin Rich List’! And, the list is getting bigger! Despite a bearish year, people still seem to be bullish on crypto. More so, over 50% of bitcoin holders are “in the money”!
Blockchain. Not Bitcoin. Last month, China’s President, Xi Jinping, announced the country’s interest in blockchain technology and its intention to invest time and effort in its advancements. This month, however, the government is having to remind the people of China that cryptocurrency still remains illegal. The government of Shenzhen is inspecting 39 crypto exchanges for illegal activities.
The Global Race. After last month’s announcement by China, more countries have revealed their intentions to adopt blockchain technology. $382 million will be invested into blockchain R&D by South Korea. Similarly, The Royal Bank of Canada has applied for several patents that “reveal how it might integrate cryptocurrencies into its operations.” India and Turkey are also proud members of the adoption pipeline. The Government of India is soon to approve a national strategy for blockchain technology application and Turkey will be ready to run the pilot of its blockchain-based national digital currency –the digital Lira—by the end of 2020.
Will the SEC finally give in? By now you have all heard about the SEC’s rejection to any and every Bitcoin ETF proposal that has come its way. It has become a bit expected at this point. But there seems to be a twist in the tale. A new proposal was submitted by Wilshire Phoenix, will there be something in it for the US Government?
Hacked but not Backed. Upbit exchange was hacked and $50 million worth of Ether ($ETH) was lost. 342,000 ETH was transferred to an unknown wallet.
UPCOMING BLOCKCHAIN & CRYPTO EVENTS
Malta AI & Blockchain Summit | Malta | November 4 - 8, 2019 - MEET US!
Blockshow Asia | Singapore | November 14 - 15, 2019 - MEET US!
Elev8con | Las Vegas | December 8 -11, 2019
TOKEN2049 | Hong Kong | March 17 - 18, 2020
Istanbul Blockchain Week | Istanbul | April 6 - 10, 2020
Consensus 2020 | New York | May 11 - 13, 2020