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Mr Devasini shaves himself The lawless rollercoaster of bitcoin enriches few investors, while many often lose everything. After the boom in December 2017 at 16,720 euros, the virtual currency had already lost 65% by February 6, 2018. Now [as of February 13th, 2021] it flies to around 40 thousand euros but the bubble can burst at any moment. The crypto community considers a guru Mr Giancarlo Devasini, who on Skype signs himself “Merlin the wizard”. The executive is Chief financial officer of Bitfinex, one of the major crypto exchange platforms in the world, and a director of Tether Ltd...

February 6, 2021 @ 2:37 pm By Omar Faridi On Thursday (February 4, 2021), an unknown entity reportedly stole $2.8 million from a shared digital or online vault via the investment platform Yearn.Finance. The hacker(s) exploited the vault using Aave, a decentralized finance (DeFi) platform that lets investors make flash loans. These DeFi solutions mainly work by providing a rapid borrowing and repaying of money without the need for putting up collateral. The team at Yearn.Finance has released a detailed post-mortem report regarding the recent exploit. Tether Ltd, the world’s largest stableco...

An article by Crypto Anonymous claims that Tether’s potential failure would be disastrous for Bitcoin. ARK Invest believes the stablecoin’s

Severe Liquidity Shock Ahead for Bitcoin Market, Warns JPMorgan A piece of excerpt allegedly taken from a JPMorgan & Chase’s report is warning its clients about a potential “liquidity shock” in the Bitcoin market. The extract praises the cryptocurrency industry for improving its on-screen liquidity better than traditional asset classes on a relative basis. Nevertheless, it simultaneously warns about how most such liquidity provisions come from high-frequency-style traders who flee the markets when volatility picks up. March Crisis JPMorgan took the discussion back to March 2020’s glob...

This is the story of a Bitcoin trade — the most financially impactful trade I’ve ever made in my life. It’s also the story of the deep-yet-frantic investigation of the crypto ecosystem that led me to make that trade. And it’s the story of what’s really going on in crypto — and what we should do about it. If you own meaningful amounts of cryptocurrency or you’re considering buying some, you’re the reason I wrote this. Please do read to the end. Prologue: Tether & company There are things in crypto right now called Tethers. To simplify a bit, Tethers ar...