“These organizations try to keep price-affecting news confidential before release, but as with all organizations, it’s possible that insiders do trade confidential information or it’s leaked to other people that do,” Andrew Kang, co-founder of crypto investment firm Mechanism Capital, told CoinDesk. Source link … [Read more...] about Coincidence or Insider Trading? Price Pops Before Incentive Announcements Raise Questions
Questions
After Being Foiled by a Billionaire, ConstitutionDAO Faces Lingering Questions
As the dust settles on one of the most ambitious crypto experiments in recent memory, a host of questions remain unanswered – starting with the fate of over $49 million in donations.On Thursday night, auction house Sotheby’s played host to an unusual bidder: ConstitutionDAO, an ad-hoc group of over 17,000 donors who pitched in to collectively buy a rare print of the … [Read more...] about After Being Foiled by a Billionaire, ConstitutionDAO Faces Lingering Questions
What Is a SPAC? Your Questions Answered
SPACs have been an increasingly popular option for companies looking to go public, especially during the global slowdown caused by the coronavirus pandemic. But what are SPACs and why is everyone talking about them?A special purpose acquisition company (SPAC) is a newly created shell company formed by a group of investors known as “sponsors.” Sponsors raise funds for the SPAC … [Read more...] about What Is a SPAC? Your Questions Answered
BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
The report’s authors question whether stablecoins could “offer lasting competitive advantages over rapidly developing, evolving digital payment services,” including digital ID, e-money and mobile banking. They add that stablecoins could generate new risks related to such issues as governance, efficiency in payment processes, consumer protection and data privacy. Source link … [Read more...] about BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
Bank of Japan governor slams Bitcoin, questions its usage in settlements
Bank of Japan governor Haruhiko Kuroda questioned Bitcoin’s use case during an interview yesterday, business news outlet Bloomberg reported.The bank is currently testing a ‘digital yen,’ the digital version of its fiat currency, but remains shaky on the topic of cryptocurrencies.“Most of the trading is speculative and volatility is extraordinarily high,” Kuroda said, … [Read more...] about Bank of Japan governor slams Bitcoin, questions its usage in settlements