Howey Schmowey – The Real Answer is to Update Securities Regulations

This month there have been two SEC enforcement actions that made headlines in the crypto community. One was the case against messaging platform Kik and their Kin token sale; the other was the action against holding company Longfin. In the first case, while investors lost money, it is unclear that Kik misled them about the … Continue reading Howey Schmowey – The Real Answer is to Update Securities Regulations

What SHOULD we Learn From the Bitfinex/Tether Story?

Late last month, the NY Attorney General filed a lawsuit against the parent company of Bitfinex and the Tether stablecoin (USDT), alleging that they illegally diverted funds to cover undisclosed losses incurred due to issues at a payment processor utilized by the exchange.  The story has captured people’s imaginations, with a lot of media coverage … Continue reading What SHOULD we Learn From the Bitfinex/Tether Story?

The “Mystery” of Today’s Bitcoin Rally And How You Could’ve Profited

The question on everyone's mind after today’s run up in the price of bitcoin, was "why did it happen?" There has been a predictable rush of articles. Barrons headline summed it up: Why Did Bitcoin Suddenly Surge?  It’s a Mystery. A better question, is how could you have profited? At the very least, how could … Continue reading The “Mystery” of Today’s Bitcoin Rally And How You Could’ve Profited

The Ultimate Irony of Crypto Trading

(This piece was originally published in Coindesk's Institutional Newsletter) We have all witnessed armies of “introducers” trolling around LinkedIn & Telegram advertising their access to buyers or sellers of bitcoin, coupled with hundreds of wannabe over-the-counter (OTC) trading desks whose only method of trading is to call wholesale market makers. The irony of this is … Continue reading The Ultimate Irony of Crypto Trading