Bitcoin futures market funding rates show traders are heavily shorting BTC, causing a short squeeze. Since Sep. 5, many trades in the Bitcoin (BTC) futures market have been seemingly net short. As the majority of placed bets against BTC, the funding rate of BTC futures contracts turned negative. But in the last 30 hours, the […]
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The Swiss arm of Russia’s largest bank is exploring blockchain-based trade finance. A subsidiary of Russia’s largest bank, Sberbank, has joined a blockchain-based platform for commodity trade finance. Sberbank Switzerland AG has signed an agreement with Swiss trade finance platform Komgo to apply its blockchain-powered trade finance service. Representatives from Sberbank Switzerland AG told Cointelegraph […]
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The DAML smart contract language is getting more popular. BNP Paribas’ securities arm has partnered with Digital Asset to develop a number of real-time trade and settlement applications using DAML-based smart contracts, the firm announced on Sept. 15. The new DAML-driven apps will connect BNP Paribas Securities Services with major global stock exchanges like the Australian […]
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A new report from Chainalysis has found that Eastern Europe is responsible for more darknet activity and ransomware volume than any other region. Blockchain forensics firm Chainalysis has found that darknet markets exert a disproportionate presence in Eastern Europe’s crypto sector. In an excerpt from Chainalysis’ 2020 Geography of Cryptocurrency Report, the firm asserts that […]
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‘Virtual crypto assets are securities, unless proven otherwise,’ the Nigerian SEC said. The Securities and Exchange Commission of Nigeria has officially defined digital assets under its regulatory umbrella. In a Sept. 14 statement, the Nigerian Securities and Exchange Commission, or SEC, defined tokens and coins in the country’s financial markets. The commission stated that these […]
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The times they are a-changin’. Jim Cramer, host of the popular CNBC mainstream markets show, Mad Money, described changing mindsets across generations as they relate to wealth storage. “I think that my kids, when they get my inheritance, won’t feel comfortable with gold, and will feel comfortable with crypto,” Cramer told Morgan Creek Digital co-founder […]
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Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum. Most retail traders find it difficult to go against the herd and buy when the market is down. They generally wait for the price to recover and for improvements in sentiment before jumping in. […]
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With DeFi platforms bringing in profits for users, jumping onto this wagon seems to be highly attractive. But how easy is it to do? In 2020, as a result of the economic crisis caused by the spread of COVID-19, the world financial system is facing an increasing number of problems. The authorities of large countries […]
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The price of Bitcoin broke out of the $10,570 resistance level, possibly marking the start of a new range but some traders remain neutral in the medium term. The price of Bitcoin (BTC) increased by 3% in the last 24 hours from $10,322 to $10,680. But BTC still faces a significant resistance level around $11,000 […]
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The next step of DeFi’s evolution in decentralization is enabling true scalability, interoperability and access to networks beyond Ethereum. As in most technical domains, evolution in the crypto industry moves in waves. The first wave was the building of layer-one blockchain solutions and infrastructures like Bitcoin (BTC) and Ether (ETH). The second wave was the […]
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