Stop piling into leveraged Bitcoin ETFs — Consider this instead
Leveraged Bitcoin ETFs are popular, but they often massively underperform the alternatives for crypto futures trading.
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Starknet-based ZKX protocol shutters, blaming lack of users
The protocol's founder cited minimal user engagement, tumbling revenues, and “broader exhaustion” in the DeFi sector.
Bitcoin price hits $11,100 wall and drops 6% — Relief rally to follow?
The price of Bitcoin (BTC) brutally rejected the $11,100–$11,300 resistance range with a 6% drop. Following the steep pullback, analysts remain cautiously optimistic toward BTC and the rest of the cryptocurrency market.Analysts have generally attributed the short-term fall of Bitcoin to the uncertainty around the COVID-19 pandemic. On Sept. 21, the Dow Jones Industrial Average…
Delphi Digital forms $5 million NFT investment ‘syndicate’
Delphi Digital, a multi-service cryptocurrency investment, consulting, and research firm, has announced today the launch of "Delphi INFINFT," a new investment wing focused on NFTs and the NFT ecosystem.Per a post of Twitter, the fund will invest upwards of $5 million into “NFT marketplaces, DAOs, social tokens, fractionalization, NFT infrastructure, and any other new developments…
Crypto derivatives exchange Bybit launches quarterly Bitcoin futures
The contracts will offer traders a longer time horizon for speculating on the digital asset. 2437 Total views 16 Total shares Bybit announced Thursday that it will roll out a BTC/USD quarterly futures contract on Nov. 30. Two contracts will be offered at launch — BTCUSD1225, settling on Dec. 25, 2020, and BTCUSD0326, which will…
NYDIG offering allows participating companies to pay employees in Bitcoin
Patrick Sells, the NYDIG's chief innovation officer, said the Bitcoin payment plan was aimed at letting companies offer a benefits package to prospective employees. 439 Total views 10 Total shares The New York Digital Investment Group, or NYDIG, has launched a benefit program allowing employees of participating companies to convert a portion of their paychecks…
Shanghai includes Metaverse in its development plan
Shanghai's five-year plan calls for the use of metaverse in public services, business offices, entertainment and industrial manufacturing, among others. 278 Total views 4 Total shares Shanghai, China's most crowded city, is looking for ways to use metaverse in public services over the next five years.Shanghai Municipal Commission of Economy and Information Technology's five-year development…
Bitcoin price tipped to consolidate before continuing bull run in 2021
The Bitcoin price (BTC) reached the $19,400 mark in the past 24 hours, which has served as a critical resistance level since the start of December. However, on-chain indicators show that the dominant cryptocurrency could stagnate or consolidate until early 2021. Although BTC is nearing its all-time high at around $20,000, there are compelling reasons…
Aave proposes governance changes after failed $60M short attack
The exploit failed due to a miscalculation of Aave's liquidity levels. 496 Total views 3 Total shares On Nov. 23, one day after Mango Markets exploiter Avraham Eisenberg attempted to use a series of sophisticated short sales to exploit decentralized finance protocol Aave, project contributors have put forth a series of proposals to deal with…