DDI Blockchain Weekly (October 22nd-28th)

3 min read

In what was a very tight, rangebound seven days of trading, crypto markets remained virtually unchanged across the week. Market capitalization was almost continuously around the $210 billion-mark. And Bitcoin also remained fairly static, having traded around $6,500 for the last 10 days, thus continuing its trend of almost constantly hovering in the mid-$6000s since August. Coinbase launches stablecoin In a blog post published on Wednesday, popular crypto exchange Coinbase announced the launch of the USDC stablecoin, which will be fully backed by US dollars. It is the first stablecoin to be made available on the platform. Coinbase said its customers…...

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Dr Justin Chan Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.