Decentralized OTC trading — Tether unaffected by bear market — BTC volatility at 2-year lows

Bitcoin $6,630                     Ethereum $227.98 
Crypto Mkt Cap $220B               BTC Dominance 52.30%  

“Cryptoassets have gone from literally a punchline among the institutional allocator class to something that is inspiring a fair amount of FOMO.” — Eric Meltzer, Founding Partner Primitive Ventures

The Big Block

AirSwap, the decentralized crypto exchange, is breaking into over-the-counter trading with a new decentralized platform aimed at shaking up a massive market.

In crypto, large trades are typically conducted over-the-counter, resembling in some cases the way old school brokers would get on the phones with clients to bring together buyers and sellers. In the token world this can pan out differently, with traders sometimes arranging six-figure bitcoin trades over Skype or Telegram group chats. AirSwap’s decentralized platform, dubbed “Spaces,” blends together the feel of how bitcoin trades outside of public exchanges with technology aimed at simplifying the process and providing counterparties with more assurance. It is set to launch on Wednesday.

Large trading firms or other entities can open up their own “Space” on the platform, and then set the parameters for trading. Similarly to how a new Telegram group’s administrator might set some terms of engagement for a given community. 

Read More on The Block (3 Minutes)

Around The Block

Tether volumes seem unaffected by the bear market

While cryptocurrency trading volumes continue to decline amid the bear market, Tether’s volumes seem to be unaffected. As Bitcoin’s monthly traded volume slid to 11-month low in September, Tether recorded the third highest monthly trading volume in its existence. In fact, Tether recorded higher volume in September than it did at the peak of the bull market in December. The trading volumes of Ethereum continue to correlate with those of Bitcoin. In September, the volumes increased slightly from August, which was a 9-month low for Ethereum. — More

Bitcoin’s volatility is hitting 2-year lows

According to The Block’s findings, Bitcoin’s 60-day volatility is now the lowest since the end of 2016. Moreover, Bitcoin’s volatility is experiencing the steepest yearly decline in the history of Bitcoin’s existence. Bitcoin’s volatility notoriously increased last year for the first time since 2013. — More

Nearly 1% of ETH is locked into the DAI stablecoin — More

Roger Ver plans to launch a cryptocurrency exchange — More

Forbes to publish stories on the Ethereum blockchain — More

Australian research organization to test out smart contracts for insurance — More

What’s up with rat? Art sends a message about the Fed, bitcoin, and the financial crisis 10 years later — More

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