As Ether (ETH) made a $2,800 all-time on April 29, so did its futures open interest. The $8.5 billion figure marks a 52% monthly increase and shows robust trading activity behind the meteoric price rise. Some analysts might dismiss Ether derivatives, considering CME’s future has $355 million in open interest compared to Bitcoin’s $2.4 billion.
In the latest Cointelegraph Crypto Duel, founder of Digiconomist Alex de Vries and CEO and founder of Blockchain for Climate Joseph Pallant debated the intensity of Bitcoin’s footprint and possible paths forward to reduce it. As pointed out by de Vries, Bitcoin’s energy consumption has been increasing together with its network. The analyst predicts its
Turkey has now jailed six suspects connected to the cryptocurrency exchange Thodex, which has been accused of an exit scam. Turkish authorities and Interpol have widened their search for the exchange’s CEO, who fled the country before shutting down his trading platform, preventing customers from withdrawing their funds. Search Widens for CEO of Crypto Exchange
More USD Coin (USDC) was printed on April 30 than at any time in the dollar-backed stablecoin’s existence, as just over $3 billion was minted in one fell swoop. New USD Coins are minted whenever a customer exchanges their U.S dollars for the stablecoin, and Friday’s influx amounted to over 26% of its market cap
MicroStrategy, the company which owns over 91,000 Bitcoin (BTC), saw an astounding surge in revenues in Q1, its latest figures confirm. In a press release on April 30, CEO Michael Saylor revealed that the company’s success had gone far beyond its Bitcoin profits. Saylor: Hodling BTC creates “substantial value” MicroStrategy has continued to hit the
A major governmental agency in Uzbekistan seems to be rethinking its stance on cryptocurrencies. The National Agency for Project Management under the President of the Republic of Uzbekistan, or NAFT, issued an official document proposing several amendments to licensing procedures for crypto trading. NAFT proposed to officially allow local residents to conduct “all types of crypto
Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major institutional investors into the space
An Australian senate committee has published a report calling for a blockchain-based national land registry, better clarity over laws relating to smart contracts, and continued efforts to establish international standards for DLT. The Select Committee on Australia as a Technology and Financial Centre’s second interim report offers 23 recommendations spanning blockchain, consumer data, and corporate
On Thursday, Apifiny, a global digital asset trading and mining network, announced the company’s subsidiary Apifiny Prime has been granted a broker-dealer license from the Financial Industry Regulatory Authority (FINRA). The firm now joins the ranks of brokerage and exchange businesses like Coinbase, Etoro, and Circle. FINRA Grants Apifiny Prime a Broker-Dealer License The leading
The BEST Bitcoin & Crypto Investing Strategies THAT ACTUALLY WORK! Twitter: https://twitter.com/Crypto_Daily Instagram: http://instagram.com/crypto_daily What is the best crypto investments? Today we take a look at popular strategies like, Buying the Dip, dollar cost averaging, altcoins, day trading and more. The research on this, may surprise you. Tiffany will have the worst timing in the
Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts. Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28, the price of Bitcoin has dropped more than 6% back down near the
Toward the end of our hour-long interview, Bitcoin.com founder Roger Ver drops a bombshell: He had considered killing himself to escape a jail sentence at the age of 23. Even for the most freedom-loving libertarian, this seems extreme. But Ver had worked out a way to escape his own death by having himself cryonically preserved,
A county in the state of New Jersey has announced the liquidation of cryptocurrency assets seized in 2018. On Monday, the prosecutor’s office in Monmouth County announced that the confiscated crypto —initially valued at $57,000 at the time it was seized — was liquidated on Coinbase for $198,237 at a quote “profit” of $141,000. Authorities captured
The biggest e-commerce store in Latin America is the latest major company in the region to join the crypto adoption movement. Mercado Libre is now allowing its customers to buy a selected number of properties from real estate agencies with bitcoin. Properties Listed Don’t Offer Alternative Payment Methods Aside From Bitcoin According to the announcement,
What’s interesting about this particular options expiry is that the current max pain price for the expiry is $54,000, which is very close to the current trading price. The max pain price is the price at which most options are rendered worthless, thus leading to the loss of the option premium for the options holders.
Smart contract platform Fantom (FTM) was subject to a 52% price increase leading into Thursday morning following the successful implementation of a new network upgrade. Dubbed “Go-Opera”, the latest upgrade to Fantom introduces a range of technical changes which, according to a recent explainer by the Fantom Foundation, makes the network faster, more efficient and
Bitcoin (BTC) may not be worrying analysts with its latest price dip, but it will likely close its first negative month of April in six years this week despite hitting a new all-time high two weeks ag. Data from monitoring resource Bybt shows that at -8.3%, April 2021 is Bitcoin’s worst April on record and
Government and industry have teamed up to fight a major increase in ransomware, with a newly formed ransomware task force calling for new measures to more aggressively trace Bitcoin and crypto capital flows. The task force includes law enforcement including FBI and U.S. Secret Service agents working alongside representatives of leading security and tech firms.
South African property developer, New Age Properties, says it has partnered with Sun Exchange, an online leasing platform, as part of an effort to bring cheap and clean energy to low-income earners. Bitcoin for Solar Cells According to the two companies’ working arrangement, Sun Exchange, which also accepts payment in BTC form, will enable buyers
The University of Wyoming is allocating $4 million to running nodes and staking at least three cryptocurrencies. The news was shared to Twitter on April 28 by Caitlin Long, a Wyoming Blockchain and Fintech Select Committee appointee and founder of Avanti Bank & Trust — a local bank servicing the digital asset sector. NEWS NOT