A new stable coin offers 133 million reasons for an algorithmic central bank
Last week, a consortium of high profile investors piled $133 million dollars into Basis (previously basecoin), a stable coin startup and ICO project. This news is impressive because of the amount of money raised, caliber of investors, and their protocol leveraging an algorithmic token issuance process to ensure price stability.
Market makers and FX traders catch the high-frequency bus in crypto
The flash boys of the FX markets are starting to dip their toes into cryptocurrencies. High-frequency traders thrive on volatility and speed and maximize market data with alogrithmic trading strategies ideal for crypto markets. It's not just electronic market makers getting in on the act, certain banks and asset managers are also in the mix.