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Bitstamp’s New Matching Engine Will Be 1250x Faster
Cryptocurrency
Bitstamp’s New Matching Engine Will Be 1250x Faster
Cryptocurrency exchange Bitstamp is now teaming up with Nasdaq-owned trading and clearing systems provider Cinnober. Through replacing its own technology with Cinnober’s, Bitstamp’s matching system will reportedly become 1,250x faster. This news comes in a recent blog post published by Bitstamp. More specifically, Cinnober will lend its ”TRADExpress Trading System” software stack to Bitstamp. The software will be customized to suit Bitstamp’s specific needs, and operated by the exchange. Will…
crypto risk
Cryptocurrency
FINMA Says Banks Should Have A Risk Coverage Of 800% for Crypto
FINMA is a Swiss Financial Market Supervisory Authority who has advised banks and other financial institutions to use a risk coverage for cryptocurrencies of 800 percent of the current market value, according to recent news. What does a crypto risk coverage of 800 percent mean? The major local news outlet Swissinfo saw a copy of a letter from FINMA to the Swiss Association on Audit, Tax and Fiduciary (EXPERTsuisse). In…
Cryptocurrency
Student Faces $400K Crypto Tax Liability on Holdings Worth $125K
A California-based college student who turned $5,000 into $880,000 through trading cryptocurrency is now facing $400,000 in taxes. The crux? Following this year’s market-downturn, his current portfolio is only valued at $125,000. More specifically, this student recently took to Reddit to share his story and ask the cryptocurrency community for advice. In a post entitled ”Did I ruin my life by trading crypto?” the student recounted how this all began.…
Will The Crypto Market Break Through During 2019?
Cryptocurrency
Will Bitcoin Price Recover in 2019?
We have entered the last quarter of 2018. The valuation has dropped from over $800 billion to around $200 billion. Even though the price has been falling, the cryptocurrency industry has been developing, and the infrastructure is becoming more accessible. Why has the cryptocurrency market been falling during 2018? The cryptocurrency market has been tumbling down during 2018 and has stopped around the valuation of $200 million. Even though the…