Day: April 7, 2019

CME Group Bitcoin Futures Hit Record Volume on April 4th

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CME Group, the leading derivative market in the United States, reported that Bitcoin futures hit a record trading volume on Thursday, April 4th. While cryptocurrency continues to trend in the bullish direction, the futures markets are heating up with both long and short positions. Compared to typical cryptocurrency exchanges, which allow investors to trade crypto with other investors based on agreed prices, the futures market allows for extended price speculation. Investors who wish to bet against the current bull trend for Bitcoin, or who may think the currency has already…

How Students Mine Cryptocurrency in Their Dorm Rooms

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Last month, reports surfaced on crypto mining research conducted by tech conglomerate Cisco with the following headline: “College kids are using campus electricity to mine crypto.” Indeed, many students don’t have to worry about paying power bills, as per their university housing contracts, which tend to cover electricity expenses. That “free” power allows them to host cost-efficient mining rigs, where the only expense is the actual hardware. It almost seems too good to be true: Mining students receive a passive income, which can potentially cover the purchase of a few…

European Bitcoin Brokerage Bitpanda Receives EU Payment Service Provider License

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Bitpanda, the Vienna-based Bitcoin broker, has received the Payments Services Directive 2 (PSD2) license from Austrian financial regulators in accordance with European law. The license allows the company to offer more financial products and services that bridge the gap between the emerging digital assets landscape and mainstream financial markets. Austrian Regulators Grant Bitpanda PSD2 License In a blog post published on the company’s Medium account on April 4, 2019, the company announced the receipt of the PSD2 license. According to the announcement, the Austrian Financial Market Authority (FMA) issued the…