Bitcoin rallies to $61K, but derivatives traders are still skeptical — Here is why

First Digital has redeemed almost $26 million in stablecoin withdrawals after its FDUSD token briefly lost its US dollar peg following allegations of insolvency by Tron founder Justin Sun. First Digital USD (FDUSD) depegged on April 2, briefly falling as low as $0.87 after Sun claimed that First Digital was insolvent. On April 4, Sun

RIF got a nice price boost hours after its founder appeared on Pomp’s podcast. 1306 Total views 8 Total shares RIF, the utility token for smart contract network RSK, shot up over 30% in price after an appearance by its founder on the Jan. 13 edition of The Pomp Podcast. The gain equates to a…

Around 1.8 million Bitcoin has been dormant for over a decade. 3151 Total views 4 Total shares A significant amount of Bitcoin's (BTC) total supply has not moved for more than 10 years, according to data from cryptocurrency analytics data provider Glassnode.During this decade-long interim, 1.8 million Bitcoin (of the current 18.5 million supply) has been…

If Bitcoin follows its standard post-halving trajectory, its price should be in the six-figure range by 2025.

United States-based cryptocurrency exchange ErisX announced that it hired former Wells Fargo executive Kyle Unterseher as a business development executive. The news was reported in a Medium post published by the exchange’s head of marketing on March 5.In December 2018, ErisX raised $27.5 million from Fidelity, Nasdaq Ventures and other investors, with the goal of…

Are cryptocurrencies securities or commodities? The World Federation of Exchanges, or WFE, released a document talking cryptocurrency terminology and regulation last week. In conversation with Cointelegraph, WFE Head of Regulatory Affairs, Richard Metcalfe, has added further clarity on the subject.“The WFE believes that, precisely because the market in crypto assets has evolved and expanded rapidly,…

Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows.With volatility back in play, traders nonetheless remain conflicted — can short-timeframe strength lead to…

In this week’s newsletter, read about how Sony Music Entertainment is preparing to venture into nonfungible tokens (NFTs). Check out how car manufacturer Ford is on the way to entering the Metaverse and how coffee chain Starbucks plans to launch NFT rewards through a program called Starbucks Odyssey. In other news, learn about how the…