WIF open interest jumps 16% as trader claims 'nobody is ready' for reversal

Data shows that institutions heavily accumulated Bitcoin in the $12,000–$15,000 range, and according to analysts at Whalemap, this is a positive trend because institutions and whales typically accumulate assets with a longer-term investment strategy in mind.The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat suppressed mainstream interest in…

Top crypto exchange, Binance, seems to be providing trading services for mainland Chinese customers despite the local ban, a report published yesterday by China National Radio, or CNR, alleges.According to CNR, Binance CEO Changpeng Zhao, also known as CZ, has been promoting a website called “binancezh.com” on his Weibo page.Originally founded in China a few…

"We’re not necessarily looking for more authority without more resources," said Dan Berkovitz in regards to crypto markets. 126 Total views 19 Total shares Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission, said while the agency is suited to futures contracts, swaps, and options trading, it would need…

The price of Bitcoin (BTC) has hit $12,000 again, and traders are becoming more optimistic that the digital asset will hold the key level this time.So far in 2020, BTC has topped the $12,000 level four times (all since Aug. 2), but flipping the crucial resistance level to support has been a huge challenge.Cryptocurrency daily market performance…

U.S. rapper T.I., also known as T.I.P., is being sued for $5 million by a group of people after his FLiK token has reportedly failed, according to court documents obtained by U.S. celebrity news media The Blast.As per the lawsuit cited by the outlet, the group of 25 persons claims that they have invested $1.3…

The New York State Department of Financial Services (DFS) has granted a BitLicense to institutional-grade crypto trading platform Tagomi Trading, according to an official press release on March 27.Tagomi Trading, a subsidiary of Tagomi Holdings, is now legally authorized to trade virtual currency assets and to engage in money transmission. The company is allowed to…

Massachusetts Sen. Elizabeth Warren is at it again. With mainstream press outlets including Germany’s Deutsche Welle running sensationalist headlines — “How cryptocurrency fueled Hamas’ terrorist attack” — Warren is using Hamas’ attack on Israel to fuel her own war on cryptocurrency.Crypto’s role in the conflict came into focus on Oct. 10, when Israeli police froze

Losses from hacks and scams reached their lowest level since 2022 when Certik first started recording the data, as flash loan attacks and private key hacks decreased.