Bitcoin derivatives turn bearish as traders anticipate sub $60K BTC price

The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance's BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin's potential to break above the $40,000 mark in the short term.CME Bitcoin

In the latest sign of a step forward in a lengthy compensation process, the infamous hacked Bitcoin (BTC) exchange Mt. Gox appears to be hosting a new meeting for its creditors tomorrow, March 25.In an official announcement posted to the now-defunct exchange’s website on March 24, Mt. Gox’s rehabilitation trustee notified creditors of a new…

Mairead McGuinness said that she planned to discuss a compromise through the MiCA proposal currently under review in the EU. 330 Total views 5 Total shares Mairead McGuinness, the Commissioner for Financial Services, Financial Stability and Capital Markets Union at the European Commission, is moving forward with a discussion on regulating cryptocurrencies amid three major…

Bitvo president and CEO Pamela Draper spoke with Cointelegraph at the Collision conference in Toronto on the firm almost being acquired by FTX and Canada's regulatory environment. Pamela Draper, president and CEO of crypto platform Bitvo, has weighed in on firms escaping the Canadian market amid the regulatory environment.Speaking to Cointelegraph at the Collision conference…

After six weeks pacing between $30,000 and $36,000, BTC price is now hovering around $40,000 resistance once again in two days. 1294 Total views 7 Total shares Bitcoin’s (BTC) volatility made the headlines again after the original cryptocurrency briefly reclaimed its $40,000 mark before going back to $39,000 levels. Coming after a two-week-long bearish loom…

Blockchain project Avalanche raises $42 million in a public sale, with the mainnet launch now being expected to come by the end of August. 1667 Total views 30 Total shares The Avalanche project, a blockchain protocol founded by Cornell’s Emin Gün Sirer, has completed a $42 million public token sale after raising $12 million in…