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Kraken US implementing XMR withdrawal and deposit limits on August 15th(reddit.com)
I'm surprised I haven't seen a post here about this yet. Individual withdrawal limits are set to $1,500 and deposit limits are $3500, starting August 15th. https://x.com/xenumonero/status/2076807666731520248 I personally confirmed this with Kraken Support on Twitter as well. How are people feeling about this? I know there will be some who carry on as usual with the mantra that CEXs don't matter, but hypothetically if you carried a large monero balance (6 figures, etc)... you've pretty much lost your liquidity. Monero can be used P2P to a certain extent... but for big purchases like a house? I imagine it's niche. Do you hold out and hope for DEXs like Thorchain or Serai? Do you derisk a bit before Aug 15th? Keep holding Monero without liquidity for awhile and hope for the cyberpunk P2P future? Is there a replacement that's feasible already I'm unaware of? Overall I think it's a big negative to lose Kraken. However, I'm curious how others think about it. It is also a bummer this is happening with the "pro crypto White House" in a country where we are "free." Lastly I hope it is temporary but I doubt Kraken will roll this back... Anyway. Curious about your thoughts. Cheers. (Xpost from rMonero, I just copied the entire post) submitted by /u/Serenaded [link] [Kommentare]
A Statistical FX Factor Model(disqus.com)
Factor models attempt to explain asset returns. You can approach this in two ways: define the factors you think are relevant, or use statistical learning to build the relevant factors from the data. My previous post took the first approach. This post will use principal component analysis (PCA) to let the data tell us which factors are most relevant in an FX factor model.