Day: January 11, 2020

New CME Bitcoin Options Spark ‘Unusually Strong Activity’ — JPMorgan

boss

The United States’ largest bank believes interest will be high in CME Group’s new Bitcoin (BTC) options when they launch on Jan. 13.  In a note from Jan. 10 quoted by Bloomberg on Friday, a group of analysts at JPMorgan Chase led by Nikolaos Panigirtzoglou noted interest in CME’s existing Bitcoin futures had spiked in the run-up to the release. “High anticipation” of Bitcoin options On the shift in investor behavior, JPMorgan summarized: “This unusually strong activity over the past few days likely reflects the high anticipation among market participants…

Is Bitcoin in 2020 Really Like the Early Internet?

boss

It’s a cliche at this point to compare bitcoin to the “early days of the internet,” since they are both examples of emerging technologies. But does the cliche actually hold true? If we work with a vague definition of the World Wide Web going live in 1991, then within the first decade that ecosystem grew faster and had more demand for compliant use cases than bitcoin arguably has today, one decade in. In 1994, the New York Times reported that companies were “rushing” to set up shop via the World…

Blockchain-Powered App Helps Mongolian Herders Trace Cashmere

boss

Toronto-based startup Convergence.tech has successfully concluded a blockchain-based pilot to help Mongolian nomadic herders track and certify sustainable cashmere. The supply chain project, which was conducted with the United Nations Development Program (UNDP), is powered by Convergence.tech’s Ethereum-based traceability platform, Backbone. Convergence.tech chose to focus on cashmere herders for its pilot, as many of these individuals face harsh working conditions and income instability. Moreover, the fashion supply chain lacks transparency, making it difficult for consumers to understand where cashmere products originate. Convergence.tech CEO, Chami Akmeemana, told betakit: “The nomadic community is…

New Data Suggests Bitcoin and Gold Aren’t as Correlated as You Think

boss

Bitcoin’s (BTC) classification has been a controversial and difficult topic for crypto-enthusiasts, investors, and regulators to reach a consensus on. The digital asset has been compared to a currency, a commodity, an investment asset or even said to have no underlying value. However, from the perspective of regulators, Bitcoin has been mostly associated and studied as a commodity, especially in relation to gold. In fact, many times Bitcoin is referred to as the “new gold” or “digital gold.” This week, as tensions between the United States and Iran ramped up,…

Experienced Traders Prefer to Trade on Desktop Computers, New Study Reveals

boss

Cryptocurrency exchanges are used by cryptocurrency holders to store their crypto assets or to trade cryptocurrencies. There are hundreds of exchanges available today, and it can be difficult for cryptocurrency holders to choose which exchange best suits their needs. In fact, most traders use more than one exchange — both to hedge risk and to minimize benefits. How do traders make their decisions? Below, you’ll find some interesting and even surprising insights. How was this survey conducted? In this survey, the BDCenter digital agency teamed up with the sociology department…