BitMEX Bitcoin Outflow in July is Worse than Reported

Everybody knows that July was a bad month for one of the world’s largest bitcoin and crypto derivates exchange BitMEX. But they are wrong. July was – evidently – the worst.  New data reveals that the Seychelles-based firm experienced its most damaging net inflows in the said month. Fork Monitor found that BitMEX processed withdrawals of about 50,000 bitcoin, which at currency exchange rate equals $476 million. The statistics appeared distinct from what the Token Analyst had reported earlier this month. The blockchain intelligence group had reported a net outflow…

Blockchain Is Leveraging VR Tech to Its Natural Position

When Facebook bought Oculus Rift in 2014, it seemed to be only a matter of time before the virtual reality (VR) revolution would hit. However, that initial promise from five years ago is now something of an anticlimax. One writer for tech site CNet came away from this year’s consumer electronics show describing how “VR is an idea gathering dust for all the wrong reasons, lost in a sea of strange peripherals and pipe dreams.”  There is some evidence to support this. In March, Google shut down its Spotlight Stories…

Pantera Capital: Bitcoin’s 8-Year-Compound Annual Growth Rate is Massive

Cryptocurrencies like Bitcoin represent a new asset class that has the lowest correlation to traditional assets, as well as one the best annual performance records. This is the conclusion of blockchain-oriented hedge fund Pantera Capital, which recommends investors to diversify portfolios by allocating a share of it to cryptos. Bitcoin Has Almost No Correction to Traditional Assets Pantera CEO Dan Morehead said in a letter published on Medium that Bitcoin and blockchain businesses had almost no correlation to other asset classes. He presented three-year weekly returns and proved that Bitcoin…