“To successfully front-run, you need to be able to predict the short-term price moves of the underlying [asset] with relative confidence; the volatility of bitcoin and the crypto asset-class makes that a particularly difficult task, fraught with risk,” Sui Chung, CEO of CF Benchmarks said in a Telegram chat. “What makes crypto products unique, therefore, is that the volatility … [Read more...] about Valkyrie Counters BIS, Says Concern on Bitcoin ETF Front-Running Is Misplaced
Concern
Bank of England chief expresses concern over El Salvador’s Bitcoin experiment
Speaking at the Cambridge University students union on Thursday, Bank of England Chief Andrew Bailey expressed worry for the citizens of El Salvador following the country’s adoption of Bitcoin as legal tender.Bailey said the move to adopt Bitcoin within a dual currency system was concerning, while also adding that volatility would impact most detrimentally.This isn’t the first … [Read more...] about Bank of England chief expresses concern over El Salvador’s Bitcoin experiment
Irish Central Bank official says cryptos like Bitcoin are a ‘great concern’
Derville Rowland, Ireland Central Bank’s Director-General for Financial Conduct, said in an interview with Bloomberg today that cryptocurrencies such as Bitcoin are “of great concern.”The bank’s official also addressed crypto investors saying “crypto-assets are quite a speculative, unregulated investment,” warning them to be “really aware they could lose the whole of that … [Read more...] about Irish Central Bank official says cryptos like Bitcoin are a ‘great concern’
Polkadot parachains full of promise, but lack of launch date raises concern
Polkadot’s parachain auctions will mark the most significant milestone on its roadmap since the mainnet launch in 2020. Currently in the testnet on the Rococo network, the next stage of the launch will involve the rollout of parachains on Polkadot’s crazy cousin, the “canary network” Kusama. The rollout of Polkadot parachains on the main network will follow. What does this … [Read more...] about Polkadot parachains full of promise, but lack of launch date raises concern