Ethereum open interest hits 20-month high: Bullish or bearish for ETH?

Prior to Litecoin (LTC) kicking off a 200% rally that would spread to Ether (ETH) and Bitcoin (BTC), Binance Coin (BNB) was the shepherd that signaled the altcoin herds to rally forth in what is now affectionately referred to as “altseason.”BNB far outpaced Bitcoin, Litecoin, and Ethereum as it rallied nearly 600% compared to Bitcoin’s…

The Chinese state-owned Bank of Communications (BoCom) has successfully issued $1.3 billion of residential mortgage-backed securities (RMBS) using blockchain technology, national securities outlet China Securities Times writes Wednesday, September 27.BoCom — the fifth largest bank in China according to S&P Global recent stats — used an independently developed platform called Juicai Chain to issue 9.3…

Intercontinental Exchange (ICE)-lead institutional cryptocurrency trading platform Bakkt is considering acquiring a New York BitLicense to launch its bitcoin futures, Bloomberg reports on April 18.Bakkt has seen resistance from the United States Commodity Futures Trading Commission (CFTC) to approve its bitcoin futures because of its intentions to custody user’s assets. Bloomberg quotes anonymous sources familiar…

Bitcoin’s “appreciation” will continue unless a freak occurrence interrupts it, says Bloomberg Intelligence. Bitcoin (BTC) will only stop gaining in value if “something unexpected” stops it, Bloomberg researchers believe.Tweeting a summary of the latest Bloomberg Intelligence Commodity Primer on Aug. 19, senior strategist Mike McGlone revealed a clear bullish stance on BTC.Bloomberg: BTC price will…

A majority of the developers believe that crypto and blockchain innovation will be "critical to shaping the future of the metaverse." 557 Total views 5 Total shares A new study shows that developers believe that the metaverse may become the “most popular” way to buy and sell crypto someday.The study, commissioned by API provider Agora,…

Bitcoin SV’s Jimmy Nguyen has denied claims he is “intentionally evading” a subpoena in the long-running court case brought by the Kleiman estate against Satoshi-claimant Craig Wright. Nguyen’s legal team has submitted an opposition to the Kleiman estate’s motion that he comply with a subpoena to produce documents and testify in the case, which involves a…

A United States federal court has ordered two executives from crypto firm AriseBank to pay nearly $2.7 million in fines, according to a U.S. Securities Exchange Commission (SEC) announcement Dec. 12. The ruling follows an investigation by the SEC, which found that AriseBank was  operating a fraudulent Initial Coin Offering (ICO).AriseBank CEO Jared Rice was…

Top Stories This Week FTX founder Sam Bankman-Fried arrested, set to be extradited to US Sam Bankman-Fried was taken into custody by the Royal Bahamas Police Force and is likely to stay there until February, after his application for bail was denied in Bahamian court. A second application for bail has been reportedly filed by…

The launch date will largely depend on how quickly approved applicants amend their S-1 registration statements and how many rounds of feedback they receive from the SEC.