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Title: [2014-08-18] Bitcoin Prices Have Fallen $100 In The Past Week Post by: austins on August 18, 2014, 09:56:50 AM http://www.businessinsider.sg/bitcoin-prices-have-fallen-100-in-the-past-week-2014-8/#.U_HNeKOrYU8
This is one of the reasons why Coinometrics is trying to spearhead the Compare The Exchange (CTE) transparency effort, by surveying exchanges to find out what kind practices they implement…While it is unclear what immediate impact regulatory compliance proposals such as Bitlicenses from New York may have on exchanges (e.g., are all fiat-based exchanges depository institutions?), in the long-run the first two generations of exchanges may be living on borrowed time. That is to say, if the first generation was Mt. Gox and, 2nd generation exchanges are Bitfinex and Bitstamp, then the rise of a 3rd generation, potentially regulated or consortium of “self-regulated” exchanges, could eventually implement some of the suggested CTE “best-practices. |