Privacy and Scalability of Lightning Network Lower Than Expected: Report

Researchers from cryptocurrency exchange BitMEX have suggested that the privacy and scalability benefits of Bitcoin’s (BTC) implementation of the Lightning Network are less than expected. A report published by BitMEX on Jan. 11 illustrates the researchers’ efforts to determine the growth of the Lightning Network by trying to extrapolate information about private payment channels from readily available data.  The team focused on non-cooperative channel closures and they suggest that — since the network started its activity — about 60,000 such transactions took place. A non-cooperative channel closure happens when a…

Japan’s Financial Watchdog to Set Low Leverage Cap for Crypto Margin Traders: Report

Japan’s top financial regulator plans to reduce the risk to cryptocurrency margin traders by cutting the permitted leverage to two times the deposit. The Financial Services Agency will impose the new rule in a revision to the Financial Instruments and Exchange Act expected in spring, Japan Times sources said in a report on Saturday. While the nation’s industry already follows a self-imposed rule setting a maximum of four-times leverage, the watchdog aims to halve that due to the volatility of the crypto markets, the article says. The 2x cap was…

Bitcoin Trading Volumes More than Doubled in a Week Says Report

A report published on Jan. 9 by cryptocurrency market research firm Arcane Research, Bitcoin (BTC) trading volumes more than doubled in a week. Per the report, the 7-day average daily trading volume has seen a 126% increase in a week at the start of 2020, with almost $1.5 billion traded just on Jan. 8. The report reads: “The market recovered sharply from the disappointing $192 million that were traded on Jan. 1.” Crypto market “certainly getting more bullish” The researchers also note that the Crypto Fear & Greed Index shown…

JPMorgan Report Shows Bitcoin Institutional Demand is Rising, And It’s Crucial

According to JPMorgan managing director Nikolaos Panigirtzoglou, the activity of the CME bitcoin futures contract has increased in the past year. It indicates that the demand for BTC and new options contract for the dominant cryptocurrency is high. Institutional demand for bitcoin is critical in long-term The cryptocurrency market has grown throughout the majority of the past eleven years with the absence of institutions. The 2017 bull market was primarily fueled by retail investors in key markets like the U.S., South Korea, and Japan. It wasn’t until 2019, following the…

Japan Crypto Exchanges Face Imminent Margin Trading Limits: Report

Bitcoin (BTC) and cryptocurrency exchanges in Japan will face significant restrictions on margin trading as soon as this Spring, according to reports. Referencing sources at Japan’s finance regulator, the Financial Services Agency (FSA), local English-language news outlet Japan Times revealed plans to limit margin leverage to twice the total of traders’ deposits. FSA seeks to counter crypto volatility The move follows on from a limit of four times traders’ deposits which the domestic exchange industry imposed on itself through a self-regulatory body last year. The reason, according to the FSA…

Bitcoin Price Will Be Golden in 2020 Thanks to Limited Supply, Increasing Use: Bloomberg Report

Increasing global uncertainties and a weak dollar will likely push more investors into bitcoin as it becomes recognized as a store of value. The cryptocurrency’s fixed supply will further drive price increases throughout the year, Bloomberg analysts predict. Bloomberg’s 2020 crypto outlook report, published Monday, predicts bitcoin’s price could move to the top of its 2019 range and retest the $14,000 high at a time when a weak dollar and stock market volatility continue and geopolitical tensions increase. “Bitcoin’s initial reaction to the [Jan. 3] U.S. airstrike that killed one…

Turkey’s Financial Watchdog Plans to Regulate Crypto Markets, Report Says

Capital Markets Board of Turkey has plans to regulate crypto transactions, according to local sources. Capital Markets Board of Turkey (CMB), the regulatory body overseeing securities markets in the country, is developing a guideline to observe, audit, and regulate the crypto markets in the country, major Turkish media outlet Hurriyet reported on Jan. 4. Public authorities in Turkey have concerns regarding the protection of investors in crypto markets. The government entrusted CMB with the development of a regulatory framework for crypto markets, according to the report. Per the request by…

SBI, GMO to Rent Capacity at Massive Bitcoin Mine in Texas: Report

Potentially the world’s biggest bitcoin mine is said to have signed up two top corporate customers in the form of SBI Holdings and GMO. The Japanese corporate giants will be renting mining capacity at the facility in Rockdale, Texas, recently put into construction by Whinstone Inc., according to Bloomberg sources. The firms are to begin mining “within coming months,” the report says, adding that the firms involved would not comment when asked. As CoinDesk reported in November, when the facility gets up and running it will likely be the biggest…

Bitcoin Wealth Inequality Drops in 2019 Unlike Ether, Litecoin: Report

Bitcoin (BTC) whales may have made headlines this month, but its wealth is more evenly distributed in 2019 — the opposite of major altcoins. That was among the findings of research by Clovr, which analyzed wallets and transactions from various cryptocurrencies in November. Bitcoin majority ownership requirement still top The results showed that Bitcoin’s wealth distribution has improved versus 2018, but among the top altcoins by market cap, whales are controlling more and more of the supply.  According to Clovr, which excluded wallets known or suspected to be attached to…