FTX Trading Ltd just raised $900 million from over 60 investors and now has a $18 billion valuation. Today, fan-favourite bitcoin exchange FTX Trading Ltd. announced the completion of a 900 million Series B fundraise at an $18 billion valuation, per a release sent to Bitcoin Magazine. According to the release, over 60 investors participated […]
The second-largest bank in the US, Bank of America, is reportedly allowing its clients to invest in the Bitcoin Futures market. A recent report from Coindesk suggests that many investors are setting up their Bitcoin futures trading account while a couple might have gone live already. The US banking giant had also announced a crypto […]
The Bitcoin network faces its largest difficulty adjustment of all time. The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. At the time of writing, […]
The price of Bitcoin dips below $40k, triggering bearish sentiment. BTC is now down 40% from its highs, making this in line with the worst drops of 2017. Currently, Bitcoin is holding the 200-day moving average, having wicked below it briefly during the early hours. Source: BTCUSD on TradingView.com William Clemente III noted that Bitcoin […]
NYDIG, a leading bitcoin financial services firm, has announced that it will welcome the CFO of Bridgewater Associates John Dalby to its team. Dalby joins NYDIG as the new Chief Financial Officer (CFO) in what represents one of the biggest personnel shifts from the mainstream financial industry to the crypto world. Contributing to the Greater […]
The price of the meme-based cryptocurrency is at an all-time high as it approaches $0.20. The price of Dogecoin has surged seemingly without any push from prominent figures on social media or major developments in the project. According to data from CoinMarketCap, the price of Dogecoin (DOGE) is more than $0.18 at time of publication, […]
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Ray Dalio, the founder of the world’s largest hedge fund Bridgewater Associates believe Bitcoin would have a similar impact as gold in the 1930s. Dalio suggested that just like the 30s when people started investing in gold as the return on bonds and cash diminished due to the war. Bitcoin today is attracting similar investment […]
21st January 2021, Singapore: DeFiChain — the world’s leading blockchain on the Bitcoin network dedicated to decentralised financial applications — has today announced that it will be listing its native digital currency, “DFI” on KuCoin, one of the world’s largest and most popular cryptocurrency exchanges. KuCoin users will be able to trade DFI starting today, […]
The DarkMarket site was thought to be the world’s largest illegal online marketplace.
A UC Berkeley blockchain group is playing a direct role in Uniswap governance. Blockchain at Berkley, a student-run blockchain organization, has become the tenth-largest delegate for the Uniswap exchange, highlighting the diverse groups involved with the emerging DeFi platform. The student group has amassed 2.5 million votes, where it’s tied with three other organizations, according […]
Pro traders bullish sentiment softened after Bitcoin futures open interest fell in tandem with traditional markets which also recorded notable losses. Bitcoin (BTC) futures open interest just had its most extensive daily reduction in five months. Yesterday’s 11% drop move caused more liquidations than May 9 when BTC plunged 12.5% to $8,600. BTC futures open […]
The futures monthly contract on CME saw the strongest declines in its history post-expiration on Friday. While the price of the monthly contract for August closed ($11,350) around the opening ($11,630) itself. The high and lows of the futures contract on CME were $12,625 and $11,115. Apparently, the massive short position closing towards the end […]
China’s Poolin is bolstering its cryptocurrency lending business. The firm announced a partnership with BlockFi, the U.S.-based lending firm late on June 2, 2020. Bitcoin Liquidity for Miners As reported on Coindesk, Poolin’s mining business will now expand to include more lending and financial services. New York’s BlockFi will act as an “interbank lender,” proving […]
F2Pool, the largest bitcoin mining pool in the world, controls 20% of the network’s hashrate. F2Pool’s Thomas Heller explains the economics of mining.
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Ethereum has gained what appears to be a solid foothold within the $170 region in the time following its recent upswing, with its intense outperformance of Bitcoin and most of its peers allowing it to form a highly bullish short-term market structure. Analysts are now noting that ETH is showing some of the largest bullish […]
Boerse Stuttgart, Germany’s second-largest stock exchange, has added a new inverse Bitcoin Exchange Traded Product (ETP). This will be the first crypto ETP, called 21Shares Short Bitcoin ETP, which allows traders to short Bitcoin. World’s first Bitcoin short product, will the halving leave investors rekt? Boerse Stuttgart has just introduced a brand new investment product […]
Coinspeaker Largest Ethereum 2.0 Testnet Gets More Than 22,000 Validators Ethereum 2.0 seems to look really attractive to the community. More than 22,000 validators have joined the public testnet just within a week. Largest Ethereum 2.0 Testnet Gets More Than 22,000 Validators Continue reading at Coinspeaker
SBI Holdings and GMO Internet are all geared up to launch a massive Bitcoin mining facility in Rockdale, Texas. This supports a very strong narrative at play in the Bitcoin mining industry. More and more miners have moved away from Asia are migrating to the United States. Texas, in particular, has cheap energy and strong […]
Here’s one token sale that’s almost certainly illegal, and not just under securities laws.
BitRiver, the newly launched mining farm in Siberia, is now Russia’s largest bitcoin (BTC) mining facility. Mining billionaire Oleg Deripaska’s venture is already attracting large-scale clients, reports Bloomberg. Bitcoin Mining Farm Churns out BTC with Hydroelectric Power Deripaska has combined BTC mining and a data center with one of the largest Soviet-era aluminum plants. The […]
Royal Bank of Canada previously stopped account holders buying Bitcoin with its cards, but is now reportedly interested in launching a crypto trading platform. A Canadian bank, which banned its clients from buying Bitcoin (BTC), could now become the first in the country to launch a cryptocurrency exchange. As innovation economy news outlet The Logic […]