Bitcoin open interest jumps $1.3B following Fed's 'dovish' minutes
Bitcoin Open Interest has jumped by over a billion following the United States Federal Reserve ‘dovish’ minutes on Aug. 21.
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Crypto contagion deters investors in near term, but fundamentals stay strong
The past six-odd months have been nothing short of a financial soap opera for the cryptocurrency market, with more drama seemingly unfolding every other day. To this point, since the start of May, a growing number of major crypto entities have been tumbling like dominoes, with the trend likely to continue in the near term.The…
Polkadot Officially in Mainnet as Governance Removes Admin Rights
Polkadot is now officially in mainnet mode as the last centralizing shackle has been thrown off by the network. 671 Total views 8 Total shares The Polkadot blockchain is now fully decentralized and permissionless after a decision passed by community governance removed the admin rights enjoyed by the Web3 Foundation.Gavin Wood, the co-founder of Polkadot…
Crypto Markets Mellow After a Surge of Growth, Stock Market Slightly Down
Wednesday, March 6 — after a surge of growth earlier today, most of the top 20 cryptocurrencies have stabilized and are reporting slight to noteworthy gains on the day by press time. Bitcoin (BTC) is hovering near the $3,900 mark again, according to Coin360 data.Market visualization from Coin360At press time, Bitcoin is up just under one…
Ethereum price dips below the $1.8K support as bears prepare for Friday’s $1B options expiry
Ether's (ETH) performance over the past three months has been less than satisfying for holders and the 50% correction since April 3 caused the altcoin to test the $1,800 support for the first time since July 2021.Ether/USD 1-day chart at Kraken. Source: TradingViewDue to the volatility in stocks, investors had been seeking shelter in the…
LayerZero identifies over 800k addresses in sybil self-reporting phase
Initially, the team identified over 2 million addresses as potential Sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification.
Coinbase futures approval seen as a major win amid the war on crypto
The approval for America’s largest digital asset exchange, Coinbase, to offer crypto futures to U.S. retail customers is being seen as a major regulatory victory amid a heated battle with the country’s securities regulator.On Aug. 16, the National Futures Association (NFA) — designated by the U.S. commodities regulator as a registered futures association — granted…
Crypto Trading Platform Tagomi Nets $12 Million in New Funding Round
New York-based cryptocurrency brokerage and trading platform Tagomi Holdings raised $12 million in its latest funding round from investors including the Yale-backed Paradigm Fund, the company confirmed in a press release on Mar. 4.Tagomi, which now has total funding of $28 million after its launch in December 2018, also added cryptocurrency industry giant Pantera Capital…
New Analysis: Every Bitcoin Holder Makes a Profit After 1,335 Days
According to new analysis, presented Sept. 8, the amount of time it is necessary to have held Bitcoin to make a profit is 1,335 days or roughly 3 years and 8 months. This roughly correlates to the four-year cycle length based on reward halving periods.Bitcoin Profit Probability chart. Source: BitcoinEconomics.ioProfiting from bitcoin is largely a…