Bets Against Bitcoin’s Price Are Nearing Record Highs

Last week a U.S. Judge ruled that XRP is not a security, and the SEC accepted the BlackRock bitcoin ETF application, moving it to the next stage of the approval process. Within minutes of this XRP news, the token jumped from $0.45 to $0.61, pushing the price up over 25%. While these decisions and the…

Open interest in XRP has surged past $1 billion amid growing enthusiasm for Ripple's forthcoming RLUSD stablecoin, currently in private beta testing on both XRP Ledger and the Ethereum blockchain. Bets on XRP futures grew to over $1 billion over the weekend, a level last seen in March and June last year. Open interest in

The new CEO of OKX Singapore says getting a custodian bank was the most important, and most challenging part of obtaining a license from the Monetary Authority of Singapore. Singapore crypto traders are HODLers she also said, preferring to buy-and-hold instead of trade actively. The Monetary Authority of Singapore’s crypto licensing regime is considered one

An IMF survey of the Middle East and Central Asian region has concluded that while CBDC's may not be essential they can advance financial inclusion and lower the cost of financial services.The uptake of CBDC's may only have marginal benefits in the Middle East and Central Asia if other barriers are not addressed, the IMF

Binance temporarily paused bitcoin withdrawals Sunday morning U.S. time as the bitcoin blockchain became overwhelmed with pending transactions and sky-high fees.The crypto exchange resumed withdrawals within two hours of its initial Twitter posting about the withdrawals.On-chain data shows that there are nearly 400,000 unconfirmed Bitcoin transactions, which is higher than the bull runs during 2018…

news Germany-based crypto payments startup Bitwala is now offering crypto banking services in the country. Claiming the launch is Europe’s first such banking solution, the firm announced Wednesday the service becomes available via a partnership with local fintech firm SolarisBank that has a banking license and thus is fully regulated. Users can now manage both…

Aug 18, 2020 at 22:24 UTCUpdated Aug 18, 2020 at 22:30 UTCRiot Blockchain is buying 8,000 additional S19 Pro Antminers from BitmainTech PTE as the publicly traded company looks to compete in a bitcoin mining scene getting more difficult by the day. Miners are flocking to take advantage of bitcoin's recent price surge. But they…

Funding rates on the futures of major tokens have started to revert to normal levels after recent euphoria led to traders paying unusually high fees to remain in their long positions.Large movements in spot markets led to open interest surging to over $35 billion over the weekend, indicating highly leveraged bets from traders hoping for

news Bitcoin decoupled from traditional markets in May, rising more than $3,000. The cryptocurrency, currently at $8,300 on Bitstamp, is set to end higher for the fourth straight month with 60 percent gains. That is the longest monthly winning streak and the biggest monthly gain since August 2017. Notably, the leading cryptocurrency by market value…