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 MUST READS 

🐋 A Lone Bitcoin Whale Likely Fueled 2017 Surge, Study Finds


Remember when Bitcoin rocketed in 2017?

A couple of professors last year alleged that the astronomical surge was likely triggered by manipulation. Well, they are now doubling down with a claim that a single market whale (one very large Bitcoin trader) was likely behind the misconduct.

"Our results suggest instead of thousands of investors moving the price of Bitcoin, it’s just one large one. This pattern is only present in periods following the printing of Tether, driven by a single large account holder, and not observed by other exchanges.”

Like with every mainstream media story, here at CoinSnacks, we get a little skeptical. Although the story is juicy (more details here), we find it pretty tough to draw such astronomical conclusions from all the data that’s out there. Here's a solid rebuttal quoting the wise Nic Carter.
 

The World Has Gone Mad and the System Is Broken


Fair warning – there's absolutely no mention of crypto in this post. But whenever the legendary Ray Dalio speaks, we listen... especially when it's a burning hot take on the entire monetary system.

This is why we Bitcoin.
 

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This is Completely Different from Anything We’ve Ever Sent You Before…


It involves a new trading system developed by a former member of the Chicago Board of Trade… a rocket scientist… and a software engineer with aerospace giant Northrop Grumman.

Join us on Wednesday, November 13, at 8 pm ET to discover how this little-known system can help you see the chance for $12,000 a month from the market – without buying a single stock...

 

 DEEP DIVE 

A Rough Week for Exchanges


Last week was rough for Bitcoin derivative exchanges, particularly for BitMEX and Deribit...

European futures and options exchange, Deribit, had a "problem with their BTC pricing index" shortly after Coinbase glitched out. As a result, they mispriced BTC on the exchange and caused a frenzied flash crash (see BTC charts here). Deribit will apparently reimburse the affected customers.

Then, BitMEX decided to one-up Deribit's mishap by doxxing a massive batch of their userbase in the most incompetent way imaginable – forgetting to use blind copy (BCC) on a mass email. Making matters worse, their Twitter account got hacked shortly after.

To top it all off, this all happened on the same day. Yeesh.

A massive issue that still exists in crypto is being able to rely on and trust the exchange you are trading on. For those interested (and potentially impacted by the email leak), here's BitMex's response.
 

Investing in the Permaweb


Every now and then, it's interesting to check out where the "smart money" is moving inside today's evolving decentralized chaos...

This week, two prominent venture funds (Multicoin Capital and Union Square Ventures) placed bets on a new blockchain storage protocol dubbed Arweave. Here's why.
 

The Real Wisdom Behind Proof of Work


Let's back this up a couple steps. We've got you covered on VC money, BTC manipulation, and some pivotal regulation news - but how about some fundamentals?

If you don't understand the concept of Proof-of-Work (POW), this short and sweet essay is a good stepping stone.
 

Top 5 Cryptocurrencies That Will Outperform in 2020


Nik Patel, author of An Altcoin Trader’s Handbook, just published a post detailing 5 altcoins he expects to "significantly" outperform Bitcoin in 2020.

While we often shy away from sharing extremely speculative trading content, at least Nik provides an overview of fundamentals and price-histories.

Spoiler: The 5 alts are $KMD, $NKN, $FTM, $DAG and $VIDT
 

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The #1 Gold Pick for this New Gold Bull Market


Right now, you can get into it for less than $7 - and it's as easy as investing in any stock through your regular brokerage account. Here's a free presentation to show you exactly how it works... and why it could lead to incredible results.

Clicking here also get you all the details about the firm... and why it's expected to be the best way to profit as gold pushes higher.

 

 REGULATORY FRONT 

🇭🇰 Hong Kong Regulator Sets out Rules for Crypto Exchanges to Get Licenses


Today, Hong Kong's financial regulator (SFC) published new rules that would allow cryptocurrency exchanges to receive an operating license. Simply put, this is one big step intended to improve regulation and help prevent fraud.

Hong Kong hosts dozens of cryptocurrency exchanges, including some of the world's largest (i.e. Huobi).

It'll be very interesting to see how this comes into fruition.

 

Landmark Ruling in Canada Paves Way For Publicly Traded Bitcoin Fund


Canadian investment fund manager 3IQ Corp has announced that it has received "favourable ruling" from the Ontario Securities Commission (OSC) for "The Bitcoin Fund," a non-redeemable investment fund that is expected to be listed for trading on major Canadian stock exchanges.

3IQ Corp hopes to have the fund listed for trading in the fourth quarter of 2019.

 

 TWEET OF THE WEEK 

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