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Could Australia Become Asia’s Crypto Derivatives Hub?
Mine Digital CEO Grant Colthup said Australia’s recent success in the crypto space could be extended to Asia. 1264 Total views 14 Total shares With Australian DeFi projects surging, the CEO of crypto exchange Mine Digital said he believes the nation could become a future hub for crypto derivatives in Asia.CEO Grant Colthup made the…
Fed starts ‘stealth QE’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) begins a new week with a bullish surge above $22,000 as the Federal Reserve injects liquidity into the United States economy.In a move which can rival any classic Bitcoin comeback, BTC/USD is up a full 15% off the two-month lows seen on March 10.The volatility — and at least temporary relief for bulls…
Sub-$60K monthly close will make Bitcoin’s $3.9B options expiry a non-event
Bitcoin's (BTC) 2021 performance has been impressive, but traders waiting for a record-breaking monthly candle are likely to be disappointed this week. After peaking at $64,900 on April 14, a jaw-breaking 27% correction followed, causing BTC price to drop to the $46,000 level. This downside move obliterated more than $9 billion long BTC futures contracts in…
Bahamas Digital Dollar to Roll out Across All Islands in H2 2020, Governor Says
While major industry actors argue that central bank digital currencies (CBDC) are years or decades ahead, the Bahamas plan to adopt a CBDC no later than 2020.John Rolle, the governor of the Central Bank of the Bahamas (CBOB), has reportedly confirmed that the Bahamian digital dollar initiative will be introduced across all islands in the…
Bitcoin is shaky but medium-term bull case intact: on-chain analyst
The price of Bitcoin (BTC) declined below $10,000 for three consecutive days. Despite the weakness in BTC’s short-term trend, an on-chain analyst says mid-term bullishness is intact.The weekly chart of Bitcoin. Source: TradingView.comWithin five days, the price of Bitcoin slipped from $11,462 to $10,000, recording a 12.6% drop. Gold has also struggled to rebound from…
Ethereum’s Shanghai upgrade made it easier to detect criminals
With its historic Merge event in September, Ethereum has become a proof-of-stake blockchain. The mechanism now used to confirm transactions relies on validators staking their Ether (ETH). Ethereum’s March upgrade, codenamed Shanghai, finally enabled stakers to withdraw their locked Ether. The Ethereum ecosystem’s “investment themes” have included a) decentralized finance (DeFi) b) stablecoins c) Bitcoin (via…
Bitcoin Falls Through $6,000 Support as Xapo President Warns of Altcoin ‘Extinction Event’
Bitcoin (BTC) prices fell below $6,000 for the first time since the end of June Tuesday, August 14, as the cryptocurrency community remains resilient. Data from Cointelegraph’s price tracker and Coin360 depict a gloomy environment for traders Tuesday, with all major assets in the red as Bitcoin falls almost 5 percent in 24 hours. Top…
NY Attorney General expects documents within weeks in Bitfinex/Tether case
The New York Attorney General’s Office has reported that Ifinex is cooperating in producing documents regarding Bitfinex and Tether’s business relations from April 2019. 1199 Total views 4 Total shares The Office of the New York Attorney General, or OAG, has requested a deadline extension for iFinex Inc — the parent company of both crypto…