Bitcoin miner OTC balances reach 2-year high — Why it’s a bearish signal
The rising amount of Bitcoin OTC desk balances for miners indicates “significant selling activity” among miners.
Related Posts


Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund
Holding such ETFs in registered accounts can either entirely offset or reduce capital gains tax liabilities for Canadian customers. 843 Total views 36 Total shares On Thursday, Fidelity Canada officially launched the Fidelity Advantage Bitcoin exchange-traded fund (ETF) and the Fidelity Advantage Bitcoin ETF Fund (mutual fund), marking the first such assets to be made available…

IEEE Blockchain Identity of Things standardization working group kicks off
Major players from technology and crypto ecosystems participate in a new group to standardize blockchain. Six worldwide corporations have banded together to start the IEEE blockchain Identity of Things standardization. According to IEEE Chair of the Identity of Things Working Group Dr. Xinxin Fan, researchers from Lockheed Martin, Ericsson, Lenovo, Huawei, Bosch, IoTeX and China…

South Korean central bank charts out future course of payment systems, CBDC
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country. 254 Total views 3 Total shares The South Korean central bank (BOK) has published its 2022 Payment and Settlement Systems Report. Oversight of the systems was carried out successfully, the report said, and it…

India chases decade-old Bitcoin scam with nationwide raids
India’s Central Bureau of Investigation is conducting nationwide raids in connection with the GainBitcoin scam, which defrauded 8,000 investors with false Bitcoin returns.

This blockchain only needs 22Kb of data to be verified
Mina applies zk-SNARKs to Cardano's Ouroboros consensus to achieve scalability and decentralization. Mina aspires to be the world’s tiniest blockchain, with claims that its protocol maintains a constant size of around 22 KBs. This is ostensibly achieved by using recursive zk-SNARKs — the same technology that is used by the privacy-centric cryptocurrency, Zcash (ZEC). However, whereas the latter…

City of London, British trade groups form new digital currency advocacy alliance
The UK capital’s governing body is partnering with the Digital Pound Association and other trade groups to promote good crypto policy and practice and the UK’s position as a global financial center. 228 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe City of London has teamed up…

Cyprus’ Finance Minister: Blockchain Draft Bill to be Ready This Year
The finance minister of Cyprus, Harris Georgiades, has said that the country’s blockchain regulation draft will be ready this year. English-language local finance news outlet FinancialMirror reported the news on July 4.Per the report, Georgiades described blockchain technology as “a new technological revolution similar to that of the internet.” Demetris Syllouris, House speaker, also praised…

After four years, Japan brings back its first crypto ATM
Crypto ATMs — or BTMs as per local terminology — are back in Japan after a lengthy four-year hiatus.Local crypto exchange firm Gaia Co., Ltd announced on Aug. 2 that it will soon roll out BTMs that support Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). Despite Bitcoin ATMs having made their debut…