Day: February 6, 2020

Open Positions in Bakkt’s Bitcoin Futures Jump to Record Highs

boss

While bitcoin hit fresh three-month highs on Wednesday, open interest in monthly bitcoin futures on the Intercontinental Exchange’s (ICE) Bakkt platform jumped to record highs.  Open interest, or the number of open futures contracts, rose to $13 million, surpassing the previous record high of $12 million reached on Feb. 3, according to data analytics firm Skew.  Open interest has risen sharply, by 13.6 percent from $5.5 million to $13 million over the past two weeks. Open positions on the Chicago Mercantile Exchange’s bitcoin futures also jumped to a five-month high…

Open Positions in Bakkt’s Bitcoin Futures Jump to Record Highs

boss

While bitcoin hit fresh three-month highs on Wednesday, open interest in monthly bitcoin futures on the Intercontinental Exchange’s (ICE) Bakkt platform jumped to record highs.  Open interest, or the number of open futures contracts, rose to $13 million, surpassing the previous record high of $12 million reached on Feb. 3, according to data analytics firm Skew.  Open interest has risen sharply, by 13.6 percent from $5.5 million to $13 million over the past two weeks. Open positions on the Chicago Mercantile Exchange’s bitcoin futures also jumped to a five-month high…

Bitcoin Trust GBTC Shares Spike Despite 30% Premium

boss

Bitcoin and cryptocurrency prices have seen significant gains as the entire cryptoconomy is up more than 40% since mid-December. Grayscale’s Bitcoin Trust (GBTC) has also seen an uptick and shares have climbed 9% this week. The news follows the asset manager’s recent registration as a reporting company with the Securities and Exchange Commission (SEC) and the private placement of its shares. In the last three weeks, GBTC’s price has jumped more than 44%, mimicking BTC’s price patterns despite having a significant premium. Also Read: IOTA, EOS, XLM, ADA – 4…

French Food Company Looks to IBM’s Blockchain Network for Better Sourcing

boss

IBM Food Trust blockchain platform has onboarded one more French manufacturer seeking to enhance transparency of product provenance and supply chain. The Avril Group, a vegetable oil, eggs and protein manufacturer, and the owner of brands Matines and Lesieur, has begun using IBM Food Trust network to ensure traceability of its products, according to a Feb. 4 press release. Improving corporate social responsibility and customer experience By applying blockchain, the Avril Group expects to make improvements in its corporate social responsibility, especially when it comes to sectors such as quality…

Bitcoin’s Uptrend May Result in an Explosive Parabolic Rally Because of This Simple Factor

boss

Last updated:February 19, 2020 Bitcoin’s firm 2020 uptrend is likely far from over. After incurring some intense selling pressure earlier this week, bulls fought back and propelled the cryptocurrency all the up to highs of $9,900, which is just above where it is currently trading at. This momentum has made it look increasingly likely that Bitcoin will soon make an attempt to break above the resistance that exists at $10,000, with a break above this level potentially catalyzing a massive parabolic movement. Furthermore, there are also a few bourgeoning technical…

Bitcoin Cash (BCH) Gains Momentum, Soars 16% on High Volume

boss

Over the past years, the altcoins market has grown at a breathtaking pace, and during this period, Bitcoin Cash (BCH) has emerged as one of the more popular ones. This week, BCH emerged as one of the biggest gainers in the crypto space and gained as much as 16% in the past 24 hours as altcoins seemed to make a comeback. It should be noted that 2019 was a pretty disappointing year for altcoins; however, things seemed to have changed for the better in 2020. Much of BCH’s surge took…

China’s Hyperchain Plans to Take on Coronavirus With Blockchain-Fueled Donation Platform

boss

Sharing is caring! Chinese company Hyperchain is building a transparent and rock-solid blockchain donation platform aimed at raising funds to fight the coronavirus – which has not been labelled a pandemic yet but as of Thursday, February 6, 2020, has some 28,000 people infected and at least 565 death worldwide.  According to a piece, written by the Hyperchain team, Chinese charities have faced a number of negative headlines recently and problems are shared by both donors and recipients: “On January 14, 2020, a child emergency rescue center raised more than…

SEC’s Cryptomom Proposes Safe Harbor Framework for Token Projects

boss

United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce has formally proposed safe harbor for token projects. After initially floating the idea in August 2019, Peirce has now formally presented a regulatory vision that would create a safe harbor for projects that raise funds to build decentralized networks. Peirce proposes to provide decentralized network developers with a three-year grace period Speaking at the International Blockchain Congress in Chicago on Feb. 6, Peirce, also known as SEC’s “Crypto Mom,” has outlined her token safe harbor proposal. The proposal would grant…