Record $39.4B Bitcoin open interest suggests imminent price breakout
Open interest is often used to gauge the interest and liquidity behind an asset. In Bitcoin’s case, the surge in open interest could signal an imminent breakout.
Related Posts
Galaxy Digital Founder Michael Novogratz: One of the Social Media Cryptos Will Succeed
Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, has suggested that one of the crypto assets created by social media giants will succeed. Novogratz made his remarks during an interview with CNBC published on May 24.At the end of the interview, Novogratz noted:“I think Facebook’s payment currency, I think Telegram’s gonna have…
Google’s Ban of Obfuscated Code From Web Store Extensions Likely to Affect Cryptojackers
Google’s new restrictions on Chrome Web Store extensions introduced Monday, October 1, are likely to affect cryptojackers.In a blog post, Google confirmed that as of now, Chrome extensions submitted to the Web Store would not be allowed if they contained “obfuscated” code.Aside from the security implications, obfuscated code, which the post describes as “mainly used…
Lawyer who laundered $400M from OneCoin scam denied new trial: Report
A lawyer who laundered $400 million from the OneCoin scam has been denied a new trial despite arguing there were legal mistakes and false testimony in the original trial in 2019. 250 Total views 5 Total shares The lawyer responsible for laundering $400 million from the OneCoin fraud has been denied a motion seeking a
Bloomberg suggests that Bitcoin should be $15,000 according to this adoption metric
Their belief seems to be that Bitcoin is destined to appreciate unless these key indicators reverse themselves. According to the Bloomberg crypto newsletter, a key on-chain indicator suggests that Bitcoin (BTC) is currently greatly undervalued. Bitcoin active addresses, the 30-day average. Source: Glassnode.Bloomberg’s crypto analyst Mike McGlone believes that the recent all-time highs in Bitcoin’s hashrate…
EMAX investors given third and final chance at celeb promo suit
The judge presiding over a class suit by EMAX token investors gave them a final chance to file their claims against celebrities who allegedly promoted it. 28 Total views 1 Total shares The plaintiffs of the EthereumMax (EMAX) investor class action lawsuit have been given a final sh to amend their claims against the celebrities
BlackRock, ARK revise Bitcoin ETF plans along SEC’s cash-only model
Major applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States are amending their filings to comply with the cash redemption model demanded by securities regulators. Investment manager BlackRock and Cathie Wood’s ARK Invest have updated their S-1 registration statements for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC).Filed
Binance Discussing Libra With Facebook, Exchange Exec Reveals
Binance has engaged in official discussions with Facebook and is “very excited” about the libra project, the exchange’s strategy officer Gin Chao told BlockTV in an interview on June 27.While Chao cautioned the talks were at an early stage, the executive said Binance was “looking forward to working with libra as much as we can.” He said:“I think…
Roger Ver Apparently Unconcerned About Coronavirus
Roger Ver, the prominent Bitcoin Cash (BCH) advocate and former CEO of Bitcoin.com, appears to think that the world’s reaction to the COVID-19 pandemic is disproportionate.In a tweet published on March 29, Ver tweeted a screenshot of statistics ostensibly comparing the global COVID-19 death toll with that of other illnesses — including seasonal flu, malaria…