Topic: [2016-09-13]Trading Firm CEO: Bitcoin Has Emerged Stronger From Bitfinex Hack (Read 264 times)
September 13, 2016, 11:05:35 PM
Yeah, bitcoins emerged stronger thanks to people's goodwill.
September 13, 2016, 07:32:05 AM
Since the Bitfinex hack, bitcoin capital markets have shown resilience and pricing risk is more realistic, according to Gavin Smith, CEO of trading and financial services firm First Global Credit, who offered a positive assessment of the post-Bitfinex environment at the recent Capital Markets Blockchain Conference in London, reported Finance Magnates.
Smith gave a summary on how his company and others have reacted to the Bitfinex hack. Market participants took collateral not required to fund existing hedge positions and put it in cold storage. Rates on BTC have since improved, but they are still lower than loaning U.S. dollars. Smith thinks this will improve
https://www.cryptocoinsnews.com/bitcoin-stronger-since-bitfinex-hack/
Smith gave a summary on how his company and others have reacted to the Bitfinex hack. Market participants took collateral not required to fund existing hedge positions and put it in cold storage. Rates on BTC have since improved, but they are still lower than loaning U.S. dollars. Smith thinks this will improve
https://www.cryptocoinsnews.com/bitcoin-stronger-since-bitfinex-hack/
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