Bitcoin open interest goes meteoric; traders now warn of a ‘whipsaw’

The laws apply to market participants within the emirate of Dubai, with the exception of those under the Dubai International Financial Centre. 259 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe Virtual Asset Regulatory Authority (VARA), the regulator in charge of overseeing cryptocurrency laws within Dubai, has…

British finance minister Philip Hammond has said that the issue of trade across the Irish border after Great Britain leaves the European Union (EU) might be solved by deploying blockchain technology, The Irish Times reported October 1.Speaking at the Tory party conference in Birmingham, Hammond reportedly asserted that “there is technology becoming available [...] I…

Cash App, a multipurpose financial app, offers various capabilities, including money transfers, investment options and cryptocurrency purchases. Serving as a comprehensive financial tool, Cash App provides users the capacity to handle transactions, invest in stocks, and explore digital currencies like Bitcoin (BTC). The app aims to streamline financial tasks and assist users in navigating the…

The addresses linked to the hack attack have managed to steal 206,809 Binance Coin from Qubit's QBridge protocol. 460 Total views 37 Total shares High-profile hacks have become more prevalent throughout the cryptocurrency market, and Qubit Finance is one of the latest decentralized finance (DeFi) protocols to be exploited by hackers.Hackers were able to access…

In an exclusive interview with Adam Back at Bitcoin Amsterdam, the co-founder of Blockstream shared his vision for the Bitcoin space. 338 Total views 13 Total shares Adam Back, the co-founder of Blockstream, took a timeout from the mainstage of Bitcoin Amsterdam, a three-day Bitcoin conference in the Netherlands, to talk with Cointelegraph. Perched at a park…

Polkastarter (POLS) is a cross-chain token pool and auction protocol built on the Polkadot (DOT) blockchain. It launched in October of 2020 as a way for projects to raise capital in a decentralized environment and since January the token has rallied 500% to a new high at $1.78.Three possible reasons for the recent growth of…

Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement. 650 Total views 3 Total shares According to blockchain transaction data provided by WhaleAlert.io on Nov. 10, Tether appears to have frozen 46,360,701 USDT ($46,274,472) owned by troubled cryptocurrency exchange FTX in its Tron blockchain wallet. The move…

The United States Internal Revenue Service and Treasury Department have published minimal guidance on the tax treatment of virtual currency and no guidance on Simple Agreement for Future Tokens or secondary forward contracts on SAFTs. Accordingly, it is difficult to determine the appropriate U.S. federal income tax treatment of a secondary forward contract on a…

The Cryptocurrencies Hub is key for PayPal to reinvent itself as a crypto-inclusive platform. The service will allow for the sale and purchase of cryptocurrencies among other functionalities. 665 Total views 9 Total shares Payments giant PayPal, soon after launching the dollar-backed stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce Cryptocurrencies Hub…