$1.6 billion: recent Bitcoin volatility liquidates billions, sends open interest reeling It’s no secret that 2020 has been a crazy year for the crypto markets, with Bitcoin incurring an intense and unwavering uptrend throughout January and February, before erasing all of these gains and nearing its 2018 lows in a sharp movement seen on March…
The Bitcoin Fund, the Middle East’s first listed digital asset-based fund has received approval from the Dubai Financial Services Authority (DFSA) for its At-the-Market program on Nasdaq Dubai. Rising investor demand from the Middle East In line with the approval of the offering, The Bitcoin Fund is now in a position to list up to…
Chivo will be removing its scalping feature to curb growing speculative tendencies involving Bitcoin, it said in a tweet last night. “Scalping” would allow users to freeze Bitcoin prices for a minute allowing a small window for the users to compare prices on other exchanges before making a final purchase. Chivo took to Twitter to…
Bitcoin development firm Blockstream and the infamous Reddit community WallStreetBets have teamed up to build a new DeFi product that facilitates securities trading on the Bitcoin network, announced WSB founder Jaime Rogozinski in an event yesterday. The day WallStreetBets turned to Bitcoin The WallStreetBets decentralized application (WSBDApp) would launch the novel DeFi products onto the…
Dogecoin is the most popular cryptocurrency in the U.S based on the average number of monthly searches. That’s according to Bacancy Technology, who shared a press release with CryptoSlate publicizing their research on Google cryptocurrency search data. This contradicts the narrative that Dogecoin is falling out of favor with investors, as suggested by $DOGE’s stagnant…
Leveraging on the current green run of the wider crypto market, popular meme coin, Shiba Inu, has posted some interesting figures during its rise to a new ATH. Shiba traded more than Ethereum According to data on CoinMarketCap, the daily trading volume of Shiba Inu was able to surpass that of its more illustrious counterpart,…
Initial DEX offerings (IDOs) and initial public offerings (IPOs) are highly regarded as capital generators for startups trying to become respected players in the cryptocurrency space. They are both lucrative fundraising mechanisms for emerging companies. However, IDOs are based on decentralized exchanges and aren’t bound by the strict regulations enforced by centralized exchanges. And, other…
Crypto-based betting application Polymarket is said to be facing an ongoing probe by the US Commodity Futures Trading Commission (CFTC), the country’s derivatives and futures markets regulator. A Bloomberg report states the CFTC has launched an investigation on the firm for allegedly breaking the regulatory financial laws of the US. Additionally, Polymarket is also under…
Data from behavioral analytics firm Santiment suggests Shiba Inu whales are behind every one of the price pumps since $SHIB first took off this month. By overlaying price with transaction counts greater than $100,000, they noted spiking transaction counts (over $100,000) were followed by increases in the price of $SHIB. “But keep an eye on…
US bank JPMorgan says the launch of the ProShares Bitcoin futures ETF is unlikely to trigger a rise in the prices of Bitcoin. They instead stated inflation as a key reason that may have helped propel Bitcoin prices to soar to new all-time highs. Strategists also claim that the current price shift in Bitcoin was…