Posts written by Thom Thompson

Meet El Salvador, Newest Bitcoin Paradise

Meet El Salvador, Newest Bitcoin Paradise

On Saturday, June 5, President Nayib Bukele of El Salvador announced that he would ask his country’s legislature to declare bitcoin “legal tender” in the country. This statement was part of a pre-recorded presentation to Miami, Florida’s Bitcoin 2021 conference.  

It Is No Gamestop, But It Is Something

It Is No Gamestop, But It Is Something

After what seems like forever, PanXchange’s Benchmarks & Analysis finally reports an uptick in May prices for CBD biomass as well as a wide variety of refined products. Non-CBD hemp prices are also flashing green now. 

Coinbase

Coinbase

With bitcoin trading at $20K below its April 13 record high prices,  cryptocurrency platform Coinbase’s share price yesterday closed at $248.24, more than $130 below its $381 April 14 debut price on Nasdaq. 

FTX

FTX

FTX’s CEO, Sam Bankman-Fried, tweeted on Saturday that the FTX platform is now offering binary options that pay out if Brazilian President Jair Bolsonaro wins reelection next year.

High-performance blockchain developer Block.one today announced the formation of a blockchain-based trading platform, Bullish. It is backed by $10 billion in capital.

Ethereum

With Ether soaring above $4,000 for the first time yesterday, is the Ethereum blockchain experiencing a “flight to quality” as last week’s Dogecoin fever ebbs?

Deribit

Deribit

Panama-based cryptocurrency derivatives platform Deribit reports that Ether options out-traded bitcoin options yesterday for the first time. Ether prices are up 1,500% for the year. 

eToro

eToro

Tweeting, “Much good boy! Such happy!” in the spirit of the Shiba Inu meme cryptocurrency, trading platform eToro announced the start of Dogecoin trading today. 

Skew

Skew

Cryptocurrency analytics platform Skew will be acquired by Coinbase later this quarter. Skew is to be integrated into Coinbase Prime.

CBDC

A U.S. central bank digital currency will not be created in competition with China, according to Fed Chairman Jerome Powell in press remarks yesterday.

Tether

Tether

Dollar-stablecoin Tether reached a capitalization of $50 billion on Monday despite a March 2021 fine from the NY A.G. and that its holdings have never been audited.  

Vitalik Buterin

Vitalik Buterin

Buterin, one of the co-founders of Ethereum, donated $600,000 to an industry-run campaign for vaccinations and medical relief for COVID-hit India. 

Thom Thompson

Thom Thompson

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Thom Thompson is a derivatives specialist who has worked in product design, business development and regulatory roles for the CFTC, the Chicago Board of TradeThe Clearing CorporationSwiss ExchangeEurex and Eurex Clearing.

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