DeFi market stages a comeback as derivatives surge

As Bitcoin (BTC) lost the $52,000 support on April 22, the futures contracts funding rate entered negative terrain. This uncommon situation causes the shorts, investors betting on price downside, to pay fees every eight hours.While the rate itself is mildly damaging, this situation creates incentives for arbitrage desks and market makers to buy perpetual contracts…

BNB Chain ecosystem participants are set to have access to Google Cloud services in a newly formed collaboration. 518 Total views 11 Total shares Binance’s smart contract blockchain platform BNB Chain has partnered with Google Cloud to bolster Web3 and blockchain startups.Startups that are currently building products and services on the BNB Chain blockchain will…

Changpeng Zhao, the founder and CEO of major crypto exchange Binance, suggested that Bitcoin’s (BTC) price has not yet adapted to the upcoming block reward halving.Zhao suggested that Bitcoin’s price will see more upwards movement in the future during an interview on Feb. 20. The CEO explained that, historically, Bitcoin’s block reward halvings have had a…

While many pundits have labeled Solana (SOL) as an "Ethereum killer" due to its lower fees and faster transaction times, Solana Labs co-founder Raj Gokal said the project has no desire to kill the cryptocurrency — and wouldn’t be able to if it did.Gokal made the comments in response to a Nov.10 Twitter post from…

Less than 10 percent of the Chinese middle class are investing in cryptocurrencies after the government ban, according to a recent study cited by Technode Thursday, September 26.The report called "2018 White Paper on the New Middle Class" was prepared by Chinese financial writer and Professor of Shanghai Zhejiang University Wu Xiaobo. In the study,…

Based on historical tendencies, $22,700 could now mark the next "generational bottom" for Bitcoin, new analysis says. 1725 Total views 19 Total shares Bitcoin (BTC) may fall more than 40% from last week's bottom, new data warns as one analyst confronts what he says is now a bear market.In a series of tweets on May…

On April 9, Canadian asset manager 3iQ announced that its efforts to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange had finally come to fruition after three years of continued legal disputes. As a result of this move, 3iQ has become the first firm to release such an offering commercially on…

A crowdfunding campaign raised more than $50,000 in the first two days toward the creation of viral videos promoting Bitcoin Cash. Bitcoin Cash (BCH) advocate and CEO of BitcoinBCH.com, Hayden Otto, has launched a fundraising campaign to create viral videos promoting BCH to mainstream audiences — after failing to win over crypto converts to the…