Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Binance Delists Bitcoin SV, Bitcoin Cash Jumps

By Mati GreenspanCryptocurrencyApr 16, 2019 07:52AM ET
www.investing.com/analysis/crypto-flash-boys-200407062
Binance Delists Bitcoin SV, Bitcoin Cash Jumps
By Mati Greenspan   |  Apr 16, 2019 07:52AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

The first blockchain applications are an attempt to make crypto exchanges decentralized. We've spoken a lot about decentralized applications already, these new type of networks, in my opinion, have the potential to disrupt even the largest centralized tech companies including the FAANGS.

Decentralized exchanges (DEXs) are still a fairly new concept but according to a recent report, they're far from infallible. Researchers have now laid out how high-frequency traders are currently taking advantage of retail customers on DEX platforms by paying higher miner fees to get priority transactions.

To be fair, this type of action is also known to occur in traditional markets. A popular book called Flash Boys explores the phenomenon of high-frequency arbitrage at great length.

Overall, decentralized exchanges and decentralized applications for that matter, are still a very new concept and there's no way that all of the world's problems will be solved in a few lines of code. For those currently using a DEX, you might be able to reduce the risk of being arbitraged by paying a higher miner fee. For those watching the industry, it may take some time before we see everyday usage of decentralized networks.

Today's Highlights

  • Earnings
  • What the Fed
  • Delisting BSV

Please note: All data, figures & graphs are valid as of April 16th. All trading carries risk. Only risk capital you can afford to lose.

Traditional Markets

Financial earnings soured a bit yesterday as Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS) reported declining revenues. Tonight, financial earnings continue with Blackrock (NYSE:BLK), but the main focus after the closing bell will be Netflix (NASDAQ:NFLX).

The number one streaming content service is now facing some heavyweight competition from both Apple (NASDAQ:AAPL) and Disney, but that isn't likely to be reflected in today's report. What investors want to hear about are their global expansion plans.

NFLX
NFLX

Fed

Yes, the Fed is probably watching the current earnings season very closely, but what really moves the markets are the central banks. As the great Wanye Gretzky would say, "don't watch the puck, watch where the puck is going."

Yesterday, former Fed President Narayana Kocherlakota published the following editorial on Bloomberg.

Economics
Economics

To me, Kocherlakota's logic is a bit perplexing. He starts off by saying that the Fed has no tools left to fight a recession because rates are currently too low and concludes that the Fed should start lowering rates already now, just in case a recession comes. My brain hurts.

Fortunately, this is not the Fed's base case at the moment. We also heard from two other Fed members yesterday who seemed dovish, but a bit more level-headed. Evens said that rates will likely remain flat until at least 2020 and Rosengren argued against negative interest rates.

Bitcoin

Personally, I try to stay away from politics as much as possible, but often politics move markets. So it pays to pay attention.

For example, when someone claims to be Satoshi Nakamoto without providing sufficient evidence, then threatens to sue people for calling him out, and before you know it Twitter is full of space cats, these things can have an impact.

Now, I don't know Craig Wright, and I don't know who Satoshi Nakamoto is, but for those wondering if Craig Wright might be Satoshi Nakamoto as he claims, here's a helpful link with a bunch of resources.

When Binance decided to delist Wright's version of Bitcoin known as Bitcoin SV the price of Bitcoin Cash did see a significant jump on the announcement.

BCH
BCH

Bitcoin, however, was not affected in the slightest. At this point, bitcoin is too large to be affected, even by what may seem like a significant cash flow in the lower cap coins.

Let's have an amazing day ahead!

@MatiGreenspan

eToro, Senior Market Analyst

Disclosure: This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital you're prepared to lose.

Binance Delists Bitcoin SV, Bitcoin Cash Jumps
 

Related Articles

Crypto Briefing
IDEX Announces Move To Target MEV On Ethereum By Crypto Briefing - May 07, 2021

IDEX (NYSE:IEX) is launching “hybrid liquidity” pools combining an order book and trading engine with liquidity pools. The exchange is hoping to prevent slippage and...

Gregor Horvat
Ripple Rallies By Gregor Horvat - May 06, 2021

Coin Market is making higher rally in the last 24 hours  Ripple (XRP) may test previous high or even higher  Intraday Pullbacks or breakouts give opportunity to join the...

Binance Delists Bitcoin SV, Bitcoin Cash Jumps

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email