Bitcoin nears all-time highs — Here’s why $73K is the next key level to watch
The price of Bitcoin (BTC) saw a correction in the run-up to the record options expiry last Friday. However, nothing happened despite some expecting a massive move on the same day. The actual correction occurred before the event. On the day itself, Bitcoin’s price has bottomed out and began to rally.The ongoing rally above $59,000…
CME Group set to launch Micro Bitcoin futures
The new futures contract will launch on May 3, 2021, pending regulatory approval. 2473 Total views 16 Total shares The Chicago Mercantile Exchange, or CME, has unveiled plans to launch a new Bitcoin (BTC) derivatives product that will enable traders to speculate on fractional units of the flagship digital currency.CME Group’s Micro Bitcoin futures contract,…
Deconstructing The Bitcoin Lending Landscape in 2021: How To Lend Wisely And Avoid Disaster
Juicy interest rates on lending platforms are attracting Bitcoiners who are looking to stack more sats. But the devil is in the details.Bitcoiners have dreamed of lending and earning interest on their coins for over a decade. With companies such as BlockFi offering juicy 6 percent interest rates, has this dream finally come true? Or…
Tether stablecoin is fully backed, says new assurance report
Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman. 3261 Total views 19 Total shares Tether Holdings Limited, a company behind the world’s largest stablecoin Tether (USDT), has released an assurance opinion to confirm that Tether tokens are fully backed by its…
Bitcoin Hodlers Increasing as ‘Old Hands’ Slow Their BTC Spending
The latest report by on-chain analysis provider Glassnode has unraveled more details on Bitcoin spending habits that could suggest that market sentiment is still bullish. Glassnode observed that held coins are beginning to mature, and continued outflows from exchanges demonstrate accumulation is not slowing down. #Bitcoin held above $50k last week as early signs of…
Bitcoin market cap exceeds Canada’s M1 money supply once again
The Bitcoin market capitalization is once again sufficient to cover the M1 money supply of either Australia or Canada. 1581 Total views 11 Total shares Another day of gains for Bitcoin (BTC) has seen the price of the largest crypto by market capitalization go beyond the $1.1 trillion mark — $1.105 trillion to be precise.This…
Scottish music school accepts cryptocurrency as payment for lessons
An Edinburgh music school will begin to accept tuition payments in the form of cryptocurrency. 770 Total views 13 Total shares A Scottish music school will begin accepting cryptocurrency as tuition payment following demand from students, it was announced this week. The Morningside School of Music in Edinburgh said it was responding to suggestions from…
Delta Exchange completes $5M token raise following investments from DeFi players
Investors include Aave Ventures, Kyber Network, Sino Global, CoinFund, Spartan and others. 1497 Total views 14 Total shares Delta Exchange, a cryptocurrency derivatives platform, has successfully concluded a $5 million private sale of its native Delta Exchange Token (DETO), setting the stage for wider adoption of its retail derivatives marketplace. Some well-known names in decentralized finance,…
ConsenSys announces layer-two NFT platform, Palm, to compete with Flow
With a possible billion-dollar nonfungible token drop and a high-powered, multiproject collaboration in the works, the Ethereum ecosystem may finally be ready to compete with NFT-centric blockchain Flow. In a press release today, Ethereum software developer ConsenSys announced Palm, an environmentally friendly NFT scaling solution. Palm will be a sidechain designed to be “fully connected” to…