Day: January 12, 2020

JPMorgan Report Shows Bitcoin Institutional Demand is Rising, And It’s Crucial

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According to JPMorgan managing director Nikolaos Panigirtzoglou, the activity of the CME bitcoin futures contract has increased in the past year. It indicates that the demand for BTC and new options contract for the dominant cryptocurrency is high. Institutional demand for bitcoin is critical in long-term The cryptocurrency market has grown throughout the majority of the past eleven years with the absence of institutions. The 2017 bull market was primarily fueled by retail investors in key markets like the U.S., South Korea, and Japan. It wasn’t until 2019, following the…

JPMorgan Report Shows Bitcoin Institutional Demand is Rising, And It’s Crucial

boss

According to JPMorgan managing director Nikolaos Panigirtzoglou, the activity of the CME bitcoin futures contract has increased in the past year. It indicates that the demand for BTC and new options contract for the dominant cryptocurrency is high. Institutional demand for bitcoin is critical in long-term The cryptocurrency market has grown throughout the majority of the past eleven years with the absence of institutions. The 2017 bull market was primarily fueled by retail investors in key markets like the U.S., South Korea, and Japan. It wasn’t until 2019, following the…

Top-5 Cryptos This Week (Jan 12): BSV, DASH, LINK, BCH, LTC

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The up move in the top crypto performers of the past seven days shows that bulls are back in the game. The CME Group will launch its Bitcoin options contract on Jan. 13. The analysts at JPMorgan Chase & Co. have spotted a 69% increase in open interest from year-end in CME’s existing Bitcoin futures contracts.  They also noted that the number of large open-interest holders has picked up. This shows an increase in institutional interest before the launch of options trading. Nevertheless, as Bitcoin price action has been mixed…

Crypto Derivatives Exchange FTX Launched Bitcoin Options Trading

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Cryptocurrency derivatives exchange FTX has launched Bitcoin (BTC) options trading on Jan. 11. FTX CEO Sam Bankman-Fried announced in a tweet yesterday that options were listed on the trading platform. Furthermore, later the same day he also claimed that options trading volume on the exchange reached $1 million in about 2 hours. Noteworthy volume While the announcement does not specify which crypto assets are supported by the options just launched on the platform, the website only shows Bitcoin-based options. According to cryptocurrency data website CoinGecko, FTX is the eighth top…

‘The Internet Was Illegal’ and Other Early Stories With Zooko Wilcox

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The best Sundays are for long reads and deep conversations. Earlier this week, the Let’s Talk Bitcoin! show enlisted CoinDesk reporter Leigh Cuen and early cypherpunk Zooko Wilcox for a conversation on the history, challenges and long term development path of early, formative technologies. which we often hear modern blockchain movements compared against.  From the pre-internet days, through the free/open source movement, linux’s successes and challenges on the desktop, the peer-to-peer movement, cypherpunks, linux maximalism, fundamentalism as a concept as well as some brief excursions through some history and politics…

‘The Internet Was Illegal’ and Other Early Stories With Zooko Wilcox

boss

The best Sundays are for long reads and deep conversations. Earlier this week, the Let’s Talk Bitcoin! show enlisted CoinDesk reporter Leigh Cuen and early cypherpunk Zooko Wilcox for a conversation on the history, challenges and long term development path of early, formative technologies. which we often hear modern blockchain movements compared against.  From the pre-internet days, through the free/open source movement, linux’s successes and challenges on the desktop, the peer-to-peer movement, cypherpunks, linux maximalism, fundamentalism as a concept as well as some brief excursions through some history and politics…

PwC Switzerland Partners Smart Contract Auditing Team ChainSecurity

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Smart contract auditing team ChainSecurity partnered with the Swiss branch of Big Four auditing firm PwC to enhance the services the global auditor provides. In an email sent to Cointelegraph, a PwC spokesperson explained that no acquisition took place and multiple ChainSecurity teams joined the firm.  Hand in hand According to a press release published by the firm on Jan. 5, PwC hopes that, with ChainSecurity’s team, the firm will become “the world’s leader in smart contract auditing.” PwC Switzerland and Europe head and partner of risk auditing Andreas Eschbach…

Turkish Construction Conglomerate Isiklar Group to Create Blockchain-Based Loyalty Platform, Token Sale Goes Live Soon

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The adoption of blockchain technology and decentralized applications by mainstream industry segments doesn’t need any more introductions, as there are many glowing examples of Fortune 500 companies as well as startups in their respective spaces implementing such solutions to further optimize their processes. As the use cases for cryptocurrency technologies continue to grow, a more than 50-year-old Turkish company has now ventured into the space by creating a universal customer loyalty program over blockchain to benefit its long list of long term partners as well as newcomers interested in doing…

DMG Blockchain Announces New Big Client While Ending Partnership with Bitmain

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The Canada-based blockchain and crypto company, DMG Blockchain Solutions Inc. (formerly known as Aim Explorations Ltd.) has announced the addition of another major client, but also the termination of the partnership with the world’s largest crypto mining chip maker, Bitmain. Filled with joy for the new big partnership formed and also sour about the end of the collaboration with Bitmain, DMG released a press release to share the good news with its clients and the general public. According to the press release, DMG reportedly received 1,000 new miners orders from…

Dash Surges by Over 16% as Bitcoin Price Hovers At $8,100

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Sunday, Jan. 12 — most of the top cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers around the $8,100 mark again. Market visualization courtesy of Coin360 Among the top cryptocurrencies, the one that has seen the most growth over the last 24 hours is DASH, which was up by around 16.27% at its peak. The coin currently stands at $66.84 with a 13% gain over the past 24 hours. The weekly chart shows a growth of 33.7%. Dash 7-day price chart. Source: Coin360 Also…