Tag Archives: SFOX

So-called “bitcoin whales” appear to have a considerable influence on the cryptocurrency market, according to a new report. At the same time, whales are a dying breed. The founder of crypto watchdog Whale Alert explains why. It’s fair to say that bitcoin whales have a reputation for running the show when it comes to the crypto markets. Whether this is an accurate account of the role whales actually play within the ecosystem remains an open question. With his eyes trained on every major...

It looks like no matter how hard crypto and blockchain try they can’t please everybody. The Y Combinator’s top 100 list of startups is out, and to our disappointment and dismay, only two cryptocurrency and blockchain businesses have made the cut.Y Combinator Only Chooses Two?The two businesses to earn spots on the list were Coinbase, the popular U.S.-based cryptocurrency exchange (which came in at number five), and SFOX, a crypto dealer for institutional and professional traders. Ah, those...

More than a decade into its existence, Bitcoin is finally maturing into a full-blown stock market hedge.That’s the conclusion of new research from crypto prime dealer SFOX, which indicates that Bitcoin and other major cryptocurrencies like Ethereum have developed a negative correlation with the S&P 500. This means that as the stock market bellwether index falls, the prices of the cryptocurrencies rise – and vice versa.Over the past 30 days, Bitcoin’s correlation with the S&P 500 was...