Recent Blog Posts
Today in the Journal of Monetary Economics an article was published called Price Manipulation in the Bitcoin Ecosystem. The article claims that the price of Bitcoin rose from $150 to $1,000 due to the actions of one trader. To most in the cryptocurrency world, this isn't surprising. The markets, especially, in 2014 were thinly traded, information asymmetry was (and still is) widespread, and volume wasn't (and still isn’t) shared across exchanges.
Square added the ability to buy and sell Bitcoin through its Cash application. Cash is an application that allows you to instantly send and request money from friends. According to App Annie, Cash is the 30th most popular app in the Apple App Store. Even if the feature doesn't get much traction (which I doubt), this will bring more awareness (Streisand Effect) to the space.