May 15, 2020

Bitcoin Options Trading at CME Surged to New Highs in Halving Week

May 15, 2020 boss

Investor interest in bitcoin options listed on the Chicago Mercantile Exchange (CME) peaked to record highs in the days after the recent halving event. Bitcoin underwent its much-anticipated reward halving on Monday, at which point the reward per block mined was reduced from 12.5 to 6.25 bitcoin (BTC). On the same day, daily options trading volume on the CME jumped to $17 million, surpassing the lifetime high of $9.9 million set on May 6, according to data provided by crypto derivatives research firm Skew. Notably, volume has continued to grow…

Bitcoin Bears Say These 5 Metrics Will Stop BTC From Reclaiming $10K

May 15, 2020 boss

Bitcoin (BTC) sellers are pinning their hopes on continuing to see sub-$10,000 prices in the aftermath of the halving based on five key futures market metrics. The five measures are open interest, funding, long and shorts delta, bearish divergences, and liquidity grab at $10,000. Open Interest on major Bitcoin futures exchanges stagnant The open interest — the total amount of long or short contracts open in the market — of Bitcoin futures contracts on BitMEX, Binance Futures, Bybit and other futures exchanges is struggling to increase. On May 10, when…

Reddit’s Blockchain Rewards Will Migrate to Ethereum by 2021

May 15, 2020 boss

The popular social blogging platform Reddit has confirmed that its tokenized rewards will migrate onto the Ethereum blockchain later this year. On May 13, Reddit officially revealed its Community Points system, announcing that the feature would be rolled out over two days across “limited communities.” However, the rewards system will operate on a test-net until autumn 2020 at the earliest. A Reddit post confirmed that points will comprise ERC-20 tokens, however, the system will not be migrated onto the Ethereum mainnet until after beta. While the system will initially manifest…

Debate Over Digital Privacy Amid Pandemic Remains ‘Archaic,’ Says Algorand Founder

May 15, 2020 boss

With some countries beginning to lift lockdown restrictions amid the coronavirus pandemic, many are focusing attention on the technological tools that can help public authorities to comply with the World Health Organization’s guidance for COVID-19 suppression —- “test, trace, isolate.” This mantra has become all the more resonant in light of the apparent failure of multiple states to implement contact-tracing measures successfully early on in the crisis. Amid the belated scramble to develop solutions that can safely enable the resumption of some aspects of social and economic life, the debate…

Analyst That Predicted Bitcoin’s 2018 Bottom Anticipates Imminent Break of $10k

May 15, 2020 boss

Over the past few days, Bitcoin has struggled to cross $10,000. Just yesterday, the cryptocurrency was rejected from the key resistance for the second time in a week, plunging to $9,200 just hours after it failed to break into five digits. But analysts are becoming convinced that Bitcoin is poised to rally past $10,000 in the coming weeks. Bitcoin Is Preparing to Surge Past $10,000 According to the same trader that predicted Bitcoin would bottom at $3,200 in 2018 six months in advance, BTC is on the verge of rallying…

Coinbase Claims Most Users Shift to Altcoins After Bitcoin Price Spikes

May 15, 2020 boss

Popular U.S. exchange Coinbase revealed earlier this week its users tend to shift to altcoins after Bitcoin enters a “bull market.” Investors presumably after “feeling good” about rising prices and their apparent ability to predict trends. Seeking Profits in Casino-like Markets As published on a blog post on May 13, Coinbase said 60 percent of all users start with buying bitcoin, but only 24 percent continue with a “buy-and-hold” approach once prices surge across the broader crypto market. Bitcoin is infamous for its volatility. The pioneer digital asset is known…

Students at Texas-based University Accorded with Blockchain-Powered GreenLight Credentials

May 15, 2020 boss

The University of North Texas (UNT) in Dallas has unveiled GreenLight Credentials, a blockchain-enabled academic records verification platform, for its students, giving them more control of their transcripts. Student empowerment via blockchain Through this strategic collaboration, UNT Dallas students will be able to easily share their academic credentials quickly and securely across the globe. Additionally, transparency is granted because the transcripts and other verified records are kept in a decentralized system. Bob Mong, UNT Dallas President, noted, “GreenLight puts the power directly in the hands of our students. […] Students…

How to Prepare for Bitcoin Tax Filing

May 15, 2020 boss

The time of paying taxes is coming and crypto traders will not stand aside. Here is the summary of the main details that you need to know for the tax filing. We are already into the fifth month of 2020. And the taxation has been delayed due to the COVID-19 pandemic. But sooner or later, the currently going lockdown will be lifted and everyone will be asked to pay their due taxes. Amidst of all these events happening all around the world, new works have been started for the next…