Copper’s Weekly Update – 20 January 2020

Looking back at last week’s biggest news, including price analyses for BTC, ETH, and XRP.

Copper Team

Highlighting what went right, and what went wrong, in this week’s crypto news analysis.

A hopeful week as markets wake up to the new year and new funds launch.

But it wasn’t all sunshine and rainbows; there were more enforcement actions from the SEC, in Canada the regulator is suggesting all crypto looks like securities, and in Korea a 20% capital gains tax is being introduced for digital assets.

Below is our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note.

Latest Industry News

MAKER & TAKER FEES ON CRYPTO EXCHANGES

  • Central limit order book exchanges are venues where buyers and sellers place their bids and asks for everyone else to see and then trade against this liquidity
  • This market structure is not unique to crypto. In 2015, the SEC issued a memorandum analysing the proliferation of maker-taker asymmetric pricing mechanisms in US equities markets

Read more

NICKEL LAUNCHES SECOND FUND

  • London-based hedge fund manager Nickel Asset Management has officially launched its second cryptocurrency offering, Nickel Digital Gold Institutional fund
  • The new fund is also supported by a bespoke Walled Garden solution developed by digital assets prime brokerage Copper

Read More

TELEGRAM CEO’S 18HR DEPOSITION POSTED ONLINE

  • During the deposition, the SEC questioned Telegram extensively on the company’s expenses and funding used to set up the firm
  • The SEC also asked, what percentage of Grams out of the 5 billion tokens in circulation will be held by Telegram’s employees upon the launch

Read More

Latest Coin News

BTC

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  • Price Analysis: BTC/USD sharply reverses weekend gains above $9,000 to test $8,500
  • Grasping Lightning: mapping the key players in bitcoin’s next phase
  • Peter Schiff lost his Bitcoin, claims owning crypto was a bad idea

ETH

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XRP

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  • Price Analysis: Ripple seeks balance above the 50 SMA in the 4-hour range following the sharp rejection from $0.25
  • Is XRP a security? Ripple class-action lawsuit may not settle it
  • Ripple ranked among best places to work in 2020 by Fortune

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