This Friday’s unusual weekly $470 million Bitcoin options expiry seems bearish at first glance, but those bets have gone terribly wrong. On Nov. 4 the open interest on Bitcoin (BTC) options reached a new all-time high. As this occurred an even more curious case emerged. On Nov. 6, a total of $470 million in open […]
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Binance saw its biggest Bitcoin outflow in history after $816 million (58,861 BTC) was withdrawn in one day. Binance saw its biggest Bitcoin (BTC) outflow in history on Nov. 3, according to data from CryptoQuant. A total of 58,861 BTC were withdrawn on a single day, equivalent to $816 million. The significant spike in outflows […]
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Both the 2016 and 2020 U.S. elections have seen little volatility in the price of Bitcoin, but the major multi-year resistance at $14K may finally break if history repeats itself. While most investors and traders anticipated massive volatility to occur through the election hours, little has happened. Bitcoin’s price is still relatively stable and hovering […]
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Polkadot’s DeFi ecosystem is expanding, but will its interoperability prove to be the Ethereum-killer? The Polkadot blockchain platform only launched its mainnet in May, but it is already pushing to become a major competitive force in the sector. In late August, following a DOT token redenomination, Polkadot smashed into the top 10 cryptocurrencies, overtaking established […]
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Research suggests that Bitcoin miners are holding less of the asset. A new report by on-chain analytics provider CoinMetrics suggests that miners’ considerable influence on the Bitcoin network is slowly diminishing. The research analyzed miner and pool addresses and spending in order to determine whether their influence over the network as a whole had changed […]
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“Defendants say, in passing, that Israel is the more appropriate forum, but fail to provide any supporting detail,” stated lawyers in the class-action suit. Lawyers representing investors for BProtocol Foundation, the parent company of decentralized liquidity network Bancor, are asking for the case against the blockchain firm to be tried in the United States. According […]
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A major global blockchain trade network welcomes one of Russia’s largest banks. Alfa-Bank, one of the largest private commercial banks in Russia, has joined a blockchain trade finance network backed by HSBC. According to an official announcement on Nov. 3, Alfa-Bank is the first Russian bank to become a member of Contour — a blockchain […]
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Auditors see foul play in the deployment of the smart contract, resulting in a classic scam. On November 2, the Axion Network launched its new token, known as AXN. The project touted the asset as a new investment vehicle, claiming that it would be the most profitable blockchain of its kind to date. During the […]
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From owning land to playing games and creating artworks, earning opportunities on NFT marketplaces continue to grow. Nonfungible tokens are not a new phenomenon in the crypto space, as the emergence of blockchain technology has provided a useful base layer to create a sprawling economy for digital collectibles. Amid the growing appetite for digital art, […]
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As Cashaa launches crypto banking services in India, the cryptocurrency industry continues to grow despite uncertain regulations. The people of India are awaiting access to crypto banking services, as British-based fintech firm Cashaa has collaborated with India’s United Multistate Credit Cooperative Society to launch a crypto-centric banking company called Unicas that will initially open 34 […]
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