Month: March 2021

Beaxy Accelerates Automated Trading Through Hummingbot Partnership

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PRESS RELEASE. Chicago, Illinois, USA – Hummingbot.io, a premier open-source algorithmic trading project, has chosen to incorporate Beaxy Exchange into its most recent software release, allowing Beaxy users to take advantage of 24/7 automated high-frequency trading on a U.S. based cryptocurrency exchange. Previously, traders could use the open source codebase to run their own versions … Read more

Bytetree Founder Believes Grayscale Should Lower Its ‘Unrealistically High’ Fee: Warns of Possible ‘Systemic Risk’

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The founder of Bytetree Asset Management, Charlie Morris, has suggested the reduction of the GBTC management fee as one way Grayscale Investment can ease the current selling pressure and possibly reduce the discount on the shares. Morris says if no action is taken, “the selling pressure will build” and “could morph into a systemic risk.” … Read more

NFT Criticism Heightens: Skeptic Calls Tech a ‘House of Cards,’ Claims NFTs Will be ‘Broken in a Decade’

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On the week of March 7 through the 13th, the term “NFT” touched an all-time record high in terms of popular search queries according to Google Trends (GT). The highest score is 100 and this week, GT shows interest has dwindled a hair down to 97. Meanwhile, while the NFT hype affects the cryptocurrency and … Read more

Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law

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Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand, the country’s central bank, issued a press release Wednesday declaring a stablecoin called … Read more

Citi Executive Says Bitcoin Will Do Well But Sees Better Investments in ‘Giant Unstoppable Trends’

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Citibank’s David Bailin believes that bitcoin will do well because of the level of interest from investors. While stating that the cryptocurrency can be part of a portfolio, the executive sees better investment opportunities than bitcoin in “giant unstoppable trends.” Bitcoin ‘Is Going to Do Well,’ Citi Executive Predicts David Bailin is Managing Director and … Read more