Cryptocurrency News Today TheBitTimes.com

The prominent Bitcoin (BTC) early investor, Roger Ver, officially launched his new book, Hijacking Bitcoin , on April 5. Wrote with Robert Patterson, the book was its Amazon category’s best-seller while promising to unveil the “ hidden history of BTC”. Notably, Hijacking Bitcoin is drawing the cryptocurrency market‘s attention and already causing turmoil among BTC supporters. On its official launch day, Molly Zuckerman posted an opinion article on Blockworks , deeming Roger Ver “right about Bitcoin.” A message that many BTC investors and contributors refuse to agree with. In particular, Adam Back has started to actively post and comment on X (formerly Twitter) with criticisms about Hijacking Bitcoin . Back is the CEO of Blockstream, one of the leading institutions in development contribution to the Bitcoin Core software. However, he is also a controversial figure, which Ver and Patterson mentioned in the book. Picks for you R. Kiyos...

By now, it’s common knowledge that Sam Bankman-Fried (SBF) was secretly routing FTX customer funds to his trading firm, Alameda Research, and used it to trade against those same customers on FTX. Oh, the irony. Unfortunately, FTX isn’t the only crypto exchange that trades against its own customers — and the practice has a long history. In the 1990s and 2000s, binary options exchanges and forex exchanges regularly operated ‘B Book‘ exchanges — where forex brokers take the opposite of a customer’s bet and accept the market risk. As opposed to ‘A book’ forex brokers who actually fill customer orders on an independent exchange, B book brokers simply notate customer orders and settle trades internally. Digital asset exchanges likely trade against their customers more often than they want to admit. Its prevalence is likely as pervasive as B book binary options and forex exchanges. In fact, the name of major crypto exchange Binance, currently embroiled in a mountain...