Bequant ANALYTICS for Crypto & Coffee 20/03/19
hash rate, the computing power securing the network, has reached levels not seen since early November 2018. With the difficulty remaining relatively flat for over a month now, new miners have found it easier to bring their rigs online.
There have been numerous reports that miners in are buying used equipment and making deals with farms and hydroelectric plants. As pointed out by CoinDesk, this season a significant amount of excess electricity is expected to be generated by hundreds of hydropower stations, especially in ’s mountainous southwestern provinces of Sichuan and Yunnan. This level of excess power results in competitive electricity costs for miners.
On a less positive note, the Japanese government has tightened its stance towards crypto margin after reviewing its current laws pertaining to governing payment services and financial businesses. The new laws will mean that parties who are seeking to trade financial assets using funds via a broker will be eligible to participate in crypto margin at “two to four times the initial deposit.”
Elsewhere, a recent report published for the Brookings Institution is calling for enhanced regulations on . The report was authored by Harvard University fellow Timothy Massad, who served as chairman of the United States Commodity Futures Commission (CFTC) during the administration of Pres. Obama.
Finally, despite the calls for another stability fee hike to ensure DAI peg stability, the % of ETH locked in the credit ecosystem of MakerDAO has remained stable at 2.10%. More here:
Note:
– CME futures will expire on 29.03.19
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Disclaimer: This report has been prepared and issued by Bequant Analytics for publication globally. All information used in the publication of this report has been compiled from publicly available sources that are believed to be reliable, however we do not guarantee the accuracy or completeness of this report.
Crypto asset involves a high degree of risk. The crypto asset market is new and unproven and may not grow. Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. Nothing in this email should be considered as an offer by Bequant Analytics to sell or solicitation by Bequant Analytics of any offer to buy or other crypto assets or derivatives. This report is provided for information purposes only and should not be construed as an offer or solicitation for investment.
Published at Wed, 20 Mar 2019 10:17:33 +0000