what could go wrong

Coinbase To Unite Two Scorned Corners Of The Financial Market

By Mike Cauldwell (https://www.casascius.com/photos.aspx) [Public domain], via Wikimedia Commons There are few things in finance as feared and reviled and misunderstood as high-speed trading. Cryptocurrencies are one of them, even if Michael Lewis hasn’t written a book about them yet. (Stay tuned: One of his muses has weighed in on the topic.) Until now, however, there hasn’t been a way to really piss off the Wall Street dads by combining the two, which is to say trading the highly volatile non-existent non-currencies really, really fast. However, if you load your servers into the trunk and drive them to an office in San Francisco, your dreams of sticking it to the man thusly can be realized. San Francisco-based Coinbase plans to introduce “low-latency performance,” the company said in a b...

Mike Novogratz (Still) Has A Fever, And The Only Prescription Is (Still) More Crypto

Listen, if you were wondering whether Bitcoin’s recent trials and tribulations (which included falling below $7,000) had deterred Mike Novogratz from his plans to take over the world by first buying a Canadian crypto startup, then conducting a reverse merger with a Canadian pharmaceutical shell company, then renaming the combined entity “Galaxy Digital Holdings” which will have a stake in a crypto merchant bank Mike is setting up, then raising $200 million in a private placement, then listing that fucker on the TSX, the answer is definitively “no.” And the reason he’s not changing those plans in light of the horrible start to the year that Bitcoin has had is simple. It’s because “guess what?!” Mike’s “got a fever.” And “the only prescription is more crytpo.” [embedded content] I’ve been ov...