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Quick Take

• Total adjusted on-chain volume saw a strong increase of 51.5%, to a new yearly high of ~$203.8 billion in November.
• Cryptocurrency centralized trading volumes saw a significant increase of 133.8% in November, while DEX volumes continue to decline.
• Lending from dYdX, Compound and Aave hit a new all-time high with $7.6 billion in originated loans in November.
• Aggregated open interest and monthly volume of Bitcoin futures and options, and Ethereum futures and options, all reached new all-time highs in November.

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Australian crypto exchange BTC Markets yesterday sent a mass email to its users, which has affected their privacy.

The exchange accidentally put users’ names and email addresses in the “To” field of the email. The incident has affected all 270,000 users of BTC Markets, said CEO Caroline Bowler.

BTC Markets said its trading platform remains unaffected by the email issue. “Our external communication process has no interaction with our internal system and no password data was exposed.”

The exchange further that it will report the issue to the Office of Australian Information Commissioner to comply with data breach reporting requirements, conduct an internal review, and put additional data security measures.

In the meanwhile, BTC Markets has advised all users to enable two-factor authentication (2FA) to protect themselves from cyber-attacks. 

BTC Markets is not the first crypto exchange for having suffered this kind of data breach. Last year, BitMEX accidentally leaked the email addresses of the majority of its users. In June, crypto hardware wallet provider Ledger witnessed a data breach, which exposed approximately 1 million email addresses.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Quick Take

• ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins. 
• This week’s column examines China’s Digital Currency Electronic Payment (DC/EP) progress in H2 2020. 

This research piece is available to
members of The Block Genesis.
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this Genesis research on The Block.

Crypto asset manager NYDIG has raised $100 million from a single investor for its new fund — Digital Assets Fund II.

The detail was revealed in a form filed by NYDIG with the U.S. Securities and Exchange Commission on Tuesday. The new fund’s strategy remains unclear, although NYDIG mainly invests in bitcoin and other digital assets.

The raise comes shortly after NYDIG netted $50 million for its Digital Assets Fund I in November. Fund I collected the amount from just two investors, and it reportedly only invests in bitcoin.

Given both funds’ size and the limited number of investors, it appears that NYDIG is attracting investments from high net-worth institutional clients, possibly corporates and banks.

Founded in 2017, NYDIG is a subsidiary of Stone Ridge Holdings, an asset manager with more than $10 billion worth of assets. NYDIG itself manages $1 billion worth of assets across its suite of products, including custody, execution, and asset management. In October, NYDIG raised an additional $50 million in “growth equity funding” to expand its business.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.