Day: January 13, 2020

Bitcoin Options Launch Imminent as CME Open Interest Hits 7-Month High

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Bitcoin (BTC) futures traders generated at least $20 billion in daily volume last week as two new options products prepared to hit the market.  According to data released by futures provider CME Group on Jan. 9, its futures contracts alone saw open interest almost 70% higher than at the end of 2019. “Serious” volume precedes options debut Open interest was the among the highest ever last week, only noticeably lagging behind the peak seen at the end of June.  At the time, BTC/USD was circling its local highs of $13,800,…

Dish Network Files Patent For Blockchain-Based Anti-Piracy System

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One of the largest U.S. television providers has published a patent application for a new “anti-piracy management system” that uses blockchain to enable owners to track how their content is being used. Dish Network’s application outlines a system that allows owners to embed an identification mark into the content’s code that can be stored and regulary updated using a distributed ledger. Published Thursday, Dish says the proposal can better monitor and enforce ownership rights, alerting platforms to when content is used without permission. According to the filing, one of the…

CME Group Launching Bitcoin Options amid High Anticipation in Market

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It seems that traditional institutions are finally realizing that no-can-do without cryptocurrencies anymore. If we look at the market movements, there is huge impatience for the launch of CME Group Inc. options that should happen today. It is interesting because it is not the first of a kind. Bakkt that is under New York Stock Exchange parent Intercontinental Exchange Inc. began with the work in December last year. Moreover, as we have recently reported, yesterday FTX crypto derivatives exchange platform announced the launch of Bitcoin options trading. However, as said…

Digital Currency Manual for Chinese Officials in High Demand, Enters Second Printing

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A 200-page manual titled “Digital Currency: A Reader for Cadres” entered its second printing in January. The high demand signals interest from China’s government amid confusing regulations on cryptocurrencies. The handbook was first released in November, and includes a comprehensive set of 23 articles, starting from the basics of digital currencies to their impact on global finance. Yinan Zhao, a Bloomberg reporter covering the Chinese economy, explained to Cointelegraph: “It is actually a collection of published articles by officials and researchers on digital currencies. The views expressed in the book…

7 Reasons For Buying Bitcoin For Future

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To all those Cryptomaniaks out there, they will be immensely delighted to learn about the rising popularity of Bitcoin in 2020. Since Bitcoin’s inception in 2009, the rates per coin have been highly impressive starting from $0.01 to $20, 000. If a person has 1 BTC, it means that the average growth over a period of 9 years will be 29% per month. This makes Buying Bitcoin extremely safe in this New Year. Bitcoin is one of the best investments that one can make in the current times. Bitcoin –…

Ethereum Classic Cooperative Warns Public Against Apparent Hard Fork Scam

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An Ethereum Classic (ETC) development organization is warning the public against a possible scam that is attempting to exploit users the day after the altcoin completed its hard fork. In a tweet posted by the ETC Cooperative on Jan. 13, they ousted an alleged scam calling itself “EAgharta” in resonance with ETC’s bona fide “Agharta” hard fork: “Needless to say, ‘EAgharta’ is a complete scam, probably from the same people who did something very similar at Atlantis. Stay away.  ETC Agharta did not result in new ‘Agharta coins.’ They are…

Bitcoin, Ether, and XRP Weekly Market Update January 13, 2020

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The total crypto market cap added $15.6 billion to its value for the last seven days and now stands at $216.9 billion. The top 10 currencies were all in green for the same time frame with Bitcoin SV (BSV) and Bitcoin Cash (BCH) being the best performers with 45 and 18 percent of gains respectively. By the time of writing bitcoin (BTC) is trading at $8,091 while ether (ETH) moved up to $143. Ripple’s XRP is trading at $0.211. BTC/USD Bitcoin continued with its good performance on Sunday, January 5…

Huobi Exchange Partners With UAE Real Estate Firm to Enable Crypto Payments

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Major cryptocurrency exchange Huobi has partnered with a real estate firm in the United Arab Emirates (UAE) to allow real estate investors to pay in cryptocurrencies. The Singapore-based crypto exchange has entered a partnership with fäm Properties, a tech-driven real estate agency based in Dubai, to offer crypto payment options for its real estate investors, UAE-based business publication AMEinfo.com reports Jan. 12. Crypto to enable more stability and liquidity in the real estate market Specifically, the partnership enables fäm Properties to accept payment in cryptocurrencies like Bitcoin (BTC), Ether (ETH),…

US Judge Rules That Craig Wright Won’t Forfeit Bitcoin In Kleiman Case

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A United States District Judge has ruled that a previous sanction ordering Craig Wright to give up half of his Bitcoins to the estate of Dave Kleiman will not stand. U.S. Magistrate Judge Bruce Reinhart’s delivered the sanction ruling last August in the long-standing court battle over an alleged 1.1 million Bitcoins which were mined by Wright and Kleiman in partnership in the early days of Bitcoin, shortly after Wright claims he invented it. According to court documents filed with a U.S. district court in Florida on Jan. 10, Judge…

Bitcoin Makes Biggest Weekly Price Gain Since October

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View Bitcoin jumped more than 11 percent last week, confirming a falling channel breakout (bullish reversal) on the weekly chart. The breakout has opened the doors for a re-test of October highs above $10,000. For the next 24 hours, the focus is on $8,200, a level that has proved a tough nut to crack in the last few days. A strong rejection above $8,200 could yield a temporary drop to sub-$8,000 levels. Bitcoin logged double-digit price gains last week, confirming a reversal from a six-month downtrend.   The top cryptocurrency…