CryptoSlate Recap | Fidelity launching bitcoin trading “within a few weeks” | CoinMarketCap removes Bitfinex from exchange calculations | Bitcoin active nodes outnumber XRP active addresses
|CryptoSlate||May 6, 2019|| 4|
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Fidelity Investments, the fifth-largest asset manager with $2.5 trillion in assets under management, will offer bitcoin trading for institutional clients “within a few weeks,” according to Bloomberg. In early March, the division announced that their trading services are live with select clients.
Interest rates for MakerDAO have exploded to 19.5 percent over the course of three months to combat its stablecoin Dai from trading below its $1 peg. However, the gap has narrowed over the last three weeks, partially from factors entirely outside of Maker.
After a week of drama surrounding iFinex Inc., which operates Bitfinex and owns Tether Ltd., CoinMarketCap has decided to remove Bitfinex’s price data from its calculations. Bitfinex data excluded from CoinMarketCap A report by TIE on Mar. 20, 2019, exposed that almost 60 percent of the top 100 cryptocurrency exchanges were reporting fake volumes.
Bitcoin has more full nodes than XRP has active addresses, observed one crypto commentator. The conversation is part of a larger debate around centralization and other fundamental differences between BTC and XRP which make them difficult to compare.
A Reddit user may have found some margin trading features on Binance API that could be pointing out that the exchange will soon allow margin trading on the platform. Margin Trading on Binance Binance, the world’s largest cryptocurrency exchange by trading volume, could soon enable margin on the platform.
Joseph Lubin, the co-founder of Ethereum and one of the crypto titans, accurately called the bottom of the 2018 bear market.
Balaji Srinivasan appears to be leaving Coinbase after serving one year as chief technology officer. In a tweet on May 3rd, Balaji Srinivasan announced he “taking a bit of time off” from his role as CTO at Coinbase.
Nic Carter observes that low fee tradeoffs are not working for Bitcoin Cash.
Craig Wright has been ordered to produce a list of his owned Bitcoin addresses.
Bitcoin’s price has recovered 56 percent in the past four months.
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