Bitcoin (BTC) futures open interest has recovered to May levels, raising optimism about a potent bullish breakout move above $50,000. The total number of outstanding futures contracts on the Deribit exchange reached $1.37 billion on Monday, its highest level since May 27. Meanwhile, the difference between the Bitcoin spot rate and its futures contract price …
Monthly archives: August 2021
VeChain launches blockchain platform to encourage carbon data reporting
Supply chain management platform VeChain has announced a new service for combining businesses to overhaul their carbon footprint data management practices. The new service, detailed in a Medium post on Thursday, combines decentralized ledger technology with a software-as-a-service (SaaS) business model. The Digital Carbon Footprint SaaS Service “allows enterprise users to log key data and …
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New Solana-based oracle protocol aims to supply DeFi feeds across Ethereum, Terra, others
Pyth Network, the first cross-chain oracle capable of delivering real-time, institutional-grade market data, has gone live yesterday on the Solana Mainnet, as per a release shared with CryptoSlate. With this launch, developers will be able to integrate Pyth’s real-time price feeds across new and existing decentralized finance (DeFi) platforms and applications. In addition to being …
Crypto sees potential trouble as US blocks changes to infra bill
The House Rules Committee has blocked infrastructure bill changes and voted 220-212 to lock in the procedure, with a resolution approved on Tuesday afternoon. The Committee that determines the rules of debate for bills lined up for a vote has agreed that the US House of Representatives will decide on the controversial $1 trillion infrastructure …
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Whales Abruptly Shuffle $500,000,000 in Ethereum Amid Crypto Market Pullback
Whales are moving massive amounts of Ethereum (ETH) as volatility in the crypto markets picks up. Large holders of the second-biggest crypto asset moved more than $500 million in ETH across 13 separate transactions on Tuesday and Wednesday. ADVERTISEMENT Among the largest single Ethereum whale transactions is a transfer of 28,272 ETH, worth more …
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Nifty News: Vogue tokenizes magazine covers, autographed Tesla and more…
NFTs are in Vogue Readers of high-end fashion magazine Vogue Singapore will be able to fight for a chance to purchase two tokenized front cover images. The front cover of Vogue’s September issue will feature QR codes allowing readers to sign up for an auction of two one-of-a-kind “virtual-only covers.” While Vogue has revealed that …
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Hacked Liquid exchange receives $120M debt funding from FTX
Japanese cryptocurrency exchange Liquid has secured $120 million in debt financing from FTX Trading after suffering a nearly $100 million hack last week. Announcing the news Thursday, Liquid Group and FTX Trading — the owner and operator of crypto exchange FTX — said that the new funds will help Liquid improve its balance sheet and …
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11% of young Americans have invested their stimulus checks into crypto
A new survey has found that more than one in ten American citizens aged between 18 to 34 have invested part of their Covid-19 stimulus checks into crypto assets. Conducted by CNBC and research firm Momentive, the survey queried 5,530 adults and found that 11% of survey participants had purchased cryptocurrency with their stimulus money. Roughly …
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OnlyFans reverses decision to ban porn after assurances from ‘banking partners’
OnlyFans has made a sharp u-turn on its decision to ban sexually explicit content after it received a backlash from creators and some new assurances from at least one bank suffering bad PR. The platform became wildly popular by connecting online sex workers to subscribers, but this has not gone down well with a number …
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Crypto soars to account for 73% of trading commissions on eToro in Q2
Crypto grew to represent 73% of trading commissions on popular retail trading app eToro in the second quarter. eToro announced its Q2 results on Aug. 25, with the firm posting $362 million worth of total trading commissions and reporting its assets under administration had reached $9.4 billion. In an investor update released on the same …
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Asset managers and companies accumulate 1.2M Bitcoin worth $57 billion
Around 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets. According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by 14 Bitcoin fund issuers and asset managers — representing 4% of the cryptocurrency’s supply. Industry leader, the …
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Bitcoin (BTC) on-chain analyst reveals short term ‘bearish outlook’ as ‘supply shock’ looms
As Bitcoin dips back below $50,000, data is emerging of a possible short-term bearish outlook. Bitcoin supply shock dynamics Will Clemente, self-described as a “Lead Insights Analyst,” anticipates short-term bearish action for the Bitcoin price. This, he explains, is due to three factors – a drop in illiquid supply ratio, BTC inflows into exchanges, plus …
Big boost for Ethereum Name Service (ENS) as Budweiser buys beer.eth
Budweiser, the self-proclaimed “King of Beers,” looks to Ethereum in a bid to go crypto. The firm behind the biggest selling beer in the U.S has just bought the beer.eth domain name, via Opensea, for 30 ETH (about $100,000). Budweiser’s official Twitter account has also changed its profile picture to a Budweiser rocket. NFT artist …
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Three Arrows Capital CEO Su Zhu outlines his bullish thesis for Dogecoin
Three Arrows Capital CEO Su Zhu has outlined a bullish thesis for Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE). Speaking on an Aug. 25 episode of “The Game Theory of Crypto Podcast”, Zhu stated that he’s ke on DOGE because the meme coin has captured more interest from “blue-collar” traders than any other crypto on the …
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COTI (COTI) is launching on Coinbase Pro
Starting Today, Wednesday August 25, transfer COTI into your Coinbase Pro account ahead of trading. Support for COTI will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page . Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address …