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Bitcoin arbitrage opportunities and risks

Why is the price of bitcoin for future settlement above the current (‘spot’) price? How are hedge funds trying to arbitrage differences in cryptocurrency funding rates? Why is the largest […]

Echoes of Libor in Coinbase’s bitcoin price-rigging

In an echo of the 2011 Libor scandal, Coinbase’s past manipulation of the bitcoin price impacted a key market benchmark. On Friday the Commodity Futures Trading Commission (CFTC), which regulates […]

Rising bond yields threaten share prices

Ten-year US Treasury bond yields could double again from current levels, unsettling stock markets. The V-shaped economic recovery we’ve seen since the coronavirus panic of last March could push US […]

Three ways to have anonymous CBDCs

Central Bank Digital Currencies (CBDCs) are on everyone’s agenda.  Nations big and small are studying their advantages and disadvantages, examining retail, wholesale, and hybrid models and even deploying functioning systems. […]

Kraken clients see red

Yesterday I wrote a post on Twitter saying that clients of crypto exchange Kraken didn’t have much of a case for compensation after Monday’s flash crash in ethereum. During the […]