Storage costs matter The oil price went below zero on Wednesday at the closure of the May oil contract. There are may reasons why. The most relevant perhaps, is that storing oil is not free. If you buy oil with a futures contract it will be delivered to you unless you roll the futures contract

Benoit’s Anniversary Today is the anniversary of ECB Director, Benoit Coeure’s, comments on digital currency and bitcoin, he made quite a splash at the time, let’s see how things have moved on since. Central banks around the world are in a bind. They know two things are almost inevitable, one of them is digital currency,

Metrics Coinmetrics research issued their latest report this week which gives some insight into the fundamentals behind bitcoin. The full report is here and we provide a summary of the highlights below. Daily value transfer Currently $2.3 billion per day in value is transmitted across the bitcoin network. For context, in 2018, Visa processed an average of

Short Squeeze +40% When was the last time an asset with a market cap of over $180 billion experienced a 40% price spike in hours? The answer is hard to find, but the oil price in the 1970s is the best example. It happened again on Saturday morning with bitcoin registering a 40% upward move

Grayscale Report Q3 reporting season in the US and the first to go were Grayscale who manage the largest bitcoin fund in the world. Some highlights from this quarter: US$2.1 billion in AUM $250 million invested in the last three months with $171 million of that invested directly in bitcoin (they took in more in

Libra Bingo As we suggested last week, with Paypal gone from the Facebook Libra project, others would likely follow. The Association members didn’t disappoint us either, Mastercard, VISA and Stripe all quit the project. Followed then by Mercado, Ebay and Stripe. Once again governments were in action putting pressure on companies who challenge their power.

Encryption On Friday last week Facebook received a letter from the US Attorney General, Britain’s Home Secretary and Australia’s Minister for Home Affairs. “We are writing to request that Facebook does not proceed with its plan to implement end-to-end encryption across its messaging service without including a means for lawful access to the content of

The ListedReserve Weekly Roundup for July 4th