Bitcoin price flash crash raises chance of BTC dip to $54K
Bitcoin price drops more than 2% in an hour, leading to $127 million in long liquidations.
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Bitcoin futures open interest hits new ATH as traders flock to derivatives
Traders are racing to speculate on Bitcoin in the derivatives markets, with open interest in BTC futures approaching $20 billion for the first time. 2448 Total views 16 Total shares With BTC again edging toward all-time highs, a large volume of money is flowing into the Bitcoin derivatives markets.According to crypto market data aggregator Glassnode,…
SEC to Consider New Bitcoin and Ethereum Exchange-Traded Fund Application
United States regulator, the Securities and Exchange Commission (SEC), is reviewing a new application for a cryptocurrency exchange-traded fund (ETF), documents released on May 9 show.The product comes courtesy of Crescent Crypto Index Services, a subsidiary of benchmarking and passive index investing firm Crescent Crypto Asset Management.It would include a portfolio of both bitcoin (BTC)…
Bitcoin price targets 8-week highs as Ethereum reaches $1.8K
Bitcoin (BTC) looked to target new August highs at the Aug. 8 Wall Street open as upcoming United States inflation data fueled sentiment.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$25,000 next major BTC resistanceData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit $24,246 on Bitstamp, its best since July 30.The pair was within…
Bitcoin ‘Can Be’ A Reliable Financial Instrument After All: Mark Cuban
One of the most outspoken critics of Bitcoin (BTC) has delivered mixed messages about its reliability as a financial asset. In comments to Forbes published on Dec. 10, Mark Cuban appeared to contradict himself on Bitcoin’s overall utility. When asked whether or not the cryptocurrency could become a “reliable financial instrument,” the Dallas Mavericks owner gave two…
Bitcoin Price ‘Not at the Top’ of New Bull Cycle Yet, New Data Shows
Bitcoin (BTC) price has far higher to go during its current market cycle if crowd sentiment takes charge, according to analysis of the Bitcoin Days Destroyed (BDD) technical metric.In social media posts Aug. 22, Hans Hauge, senior qualitative researcher at crypto investment fund Ikigai, identified Bitcoin sentiment as being similar to early 2017. That was…
Deadmau5 and Portugal The Man release single as 1M NFTs in bid to go platinum
The award-willing artists want their new release “This is Fine” to become the first NFT single ever to go platinum, but it’s unclear whether that is even possible. 1820 Total views 7 Total shares Dance music star Deadmau5 and Grammy award-winning indie rock band Portugal The Man (PTM) have teamed up to release one million…
Ignite CEO announces departure after seven years
Peng Zhong stepped down as CEO roughly a month after former company head Jae Kwon said he would be leading NewTendermint, part of Ignite's split to two firms in May. 320 Total views 20 Total shares Peng Zhong, the chief executive officer of Ignite — formerly Tendermint and backer of the Cosmos ecosystem — has…
Blockchain is as revolutionary as electricity: Big Ideas with Jason Potts
Economics Professor Jason Potts is co-director of the Blockchain Innovation Hub at RMIT University. He sees blockchain technology as a fundamental institutional technology revolution comparable to the emergence of companies and the internet — perhaps even as world-changing as the invention of electricity.What’s the last big technological change that had the same sort of impact…