Even a 15% correction won’t help bears as Bitcoin price remains bullish ahead of Friday’s record $1.06 billion BTC options expiry. This Friday’s Bitcoin (BTC) futures and options expiry has been causing anxiety and excitement amongst traders as the price has oscillated with no clear trend for the past 30 days. There have been moments […]
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As Libra and COVID-19 give a push to CBDCs, some projects are looking to dethrone the main international currency. As central bank digital currencies continue to be researched and tested by countries across the globe, it becomes more apparent that the United States dollar’s reign might be challenged once the concept is implemented on a […]
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The S&P 500 is in danger of a major crash in the event of a daily close below 3,000 points, warns Tone Vays as data shows Bitcoin is 95% correlated. Bitcoin (BTC) being 95% correlated with the S&P 500 may haunt traders this week as one analyst warned a 400-point crash could soon hit. In […]
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CME Group sees a new all-time high for combined Bitcoin derivatives open interest, with options driving the momentum. Bitcoin (BTC) options continue to see record open interest this week with a $1 billion expiration just one day away. According to data from on-chain analytics tool Glassnode and others, demand for options continues to underscore the […]
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Surprise Binance listings have led to a sudden 25% spike in the price of Compound’s Governance Token. The price of the Compound Governance Token (COMP) has jumped by one-quarter on news of a surprise listing on leading cryptocurrency exchange Binance. COMP tokens began trading approximately one week ago, quickly making triple-figure gains and attracting millions […]
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The price of Bitcoin dropped below $9,000 as several factors put pressure on BTC/USD, including correlation with global stock markets. The price of Bitcoin (BTC) dropped below $9,000 from $9,660 within seven hours. The 7% plunge comes as $55 million worth of long futures contracts were liquidated on BitMEX. Four factors are likely behind the […]
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DeFi project Balancer has hastily conducted a community vote to determine how to limit attempts to exploit the protocol’s token reward system. Following the meteoric launch of Balancer Labs’ governance token, the decentralized finance (DeFi) protocol has quickly implemented changes to limit large players from exploiting the platform to mine BAL tokens, rather than for […]
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The premium on shares in Grayscale’s Ethereum Investment Trust plummeted 50% in less than one week. Shares in Grayscale’s Ethereum Investment Trust (ETHE) have crashed by 50% in just four days on the secondary, over-the-counter (OTC) markets. With each share representing 0.094 Ether (ETH), the sharp retracement has seen the price premium on the trust’s […]
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A hacker named “Fxmsp” managed built a million dollar cybercriminal business over three years. A new report shows that a Kazakhstani hacker built a million dollar fortune by breaching private networks and selling their data. Researchers at threat intelligence company, Group-IB, said that the hacker, who operates under the pseudonym “Fxmsp,” began promoting their services […]
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A few major cryptocurrencies are close to breaking below their critical support levels, indicating further downside in the next few days. Coronavirus cases are jumping across the world as nations reopen their economies and this raises the risk of a second wave which could slow down the current recovery in major markets. Global debt levels […]
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