Day: July 16, 2020

Crypto Exchange Open Interest Rises as Bitcoin Volatility Drops to New Low

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Recent data from Skew shows that open interest for Bitcoin (BTC) has been rising on the Bybit crypto trading platform, reaching a new high at $434 million on July 14 for the Tether (USDT) and USD pairs combined. BTC Futures – Bybit Open Interest. Source: Skew.com Open interest for other cryptocurrencies like EOS, Ether (ETH) and XRP have also been rising at Bybit. Open interest is the value locked in a derivatives contract like a futures or option contract and it allows investors to gauge money flows into and out of…

BNTX Stock Down 2%, BioNTech Receives Approval for Vaccine Trials

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Shanghai Fosun Pharmaceutical Industrial Development received the acceptance notice of clinical trial application for the COVID-19 vaccine candidate BNT162b1 created by BioNTech. BioNTech SE (NASDAQ: BNTX) stock price rose slightly in trading during the early hours but started its way down as the market opened today. All these changes occurred as the Chinese government had approved the company’s COVID-19 vaccine trials.  At the time of filing this report, BioNTech (BNTX) stock price was $76.17 (-2.35%). The vaccine candidate is one of two that has been developed in partnership with Pfizer…

Dubious Asset Manager Claims to Short Chainlink With 99% Target

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A report authored by Zeus Capital has asserted that the firm is building into a Chainlink (LINK) short position with a target of 99% gains, describing the top-10 cryptocurrency by market cap as “crypto’s Wirecard.” However, the firm behind the report, Zeus-Capital.com, appears to have registered its website just seven months ago, while its Twitter account has been suspended for violations of the platform’s terms of use. With the report offering no citations and featuring zero working links, many analysts believe that it was authored maliciously. Suspicious report predicts Chainlink…

No, the Twitter Hack Wasn’t About Bitcoin

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The motivations and implications of a Twitter hack that had everyone from Coinbase to Kanye shilling a scam for bitcoin.  Expert commentary provided by Dr. Tom Robinson, chief scientist and co-founder of Elliptic Wednesday, at around 2:15 p.m. EDT, prominent Crypto Twitter accounts started sharing a similar message about a bitcoin giveaway. A couple of hours later, Elon Musk and Bill Gates were saying they were feeling generous and wanting to give bitcoin away. A couple more hours and every verified blue check mark account on Twitter was taken down.  It’s the…

BREAKDOWN: No, the Twitter Hack Wasn’t About Bitcoin

Wednesday, at around 2:15 p.m. EDT, prominent Crypto Twitter accounts started sharing a similar message about a bitcoin giveaway. A couple of hours later, Elon Musk and Bill Gates were saying they were feeling generous and wanting to give bitcoin away. A couple more hours and every verified blue check mark account on Twitter was taken down. Source

Alchemy Launches Product to Help Developers Monitor Blockchain Apps

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Blockchain infrastructure firm Alchemy announced the launch of its new product, Alchemy Monitor, on Thursday. In an email to CoinDesk, the firm said the tool would help blockchain developers easily access information associated with user behavior and app performance. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

Bitcoin Miner Supply Sent to Exchanges Fell to 12-Month Lows in Q2 2020

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Bitcoin miners curtailed their supply to exchanges to the lowest level in 12 months during the second quarter, revealing their long-term bias on the cryptocurrency.  The daily miner selling activity, as measured by the percentage of bitcoin sent to exchanges, fell to a 365-day low of 15% on May 20, according to data provided by Chainalysis. The metric remained in a declining trend throughout the April to June period. Bitcoin miners operate on cash and are constant sellers in the market, liquidating at least some part of their holdings every…

SPOT Stock Rises 5% as Spotify Launches throughout South-East Europe

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Following last week’s reports, Swedish music-streaming leader Spotify has officially launched in Russia, along with a dozen other markets in Eastern Europe. SPOT stock is up. Spotify Technology S.A. (NYSE: SPOT) launched its service in 13 new markets across Europe including Russia, one of the world’s top 20 largest streaming markets. Spotify is definitely the world’s most popular audio streaming subscription service and with the new expansion, Spotify now reaches a current total of 92 markets worldwide. Spotify is now available in 13 new markets in Europe. They include Albania,…

DeFi Protocol Compound (COMP) Flashes Buy Signals, Technical Indicators Show

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Roughly $6 billion were wiped out of the cryptocurrency market in the past 24 hours. The massive cash outflow was felt throughout the entire market as most digital assets went into the red. The sudden bloodbath also saw the liquidation of $13 million worth of long Bitcoin positions on BitMEX alone. The Cryptocurrency Market Turns Red. (Source: Coin360) Some of the most prominent figures in the industry fear that the recent sell-off will push the flagship cryptocurrency below $8,800. The downswing could have the potential to cancel BTC’s rally towards…

Coffee Company to Use IBM Blockchain to Connect Farmers And Consumers

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The J.M. Smucker Company, also known as Smucker’s, has announced that blockchain technology will be implemented in their system to trace Colombian coffee beans directly back to their source, all the while enabling consumers to support coffee farmers through the platform.  The American food manufacturer collaborated with Farmer Connect to leverage IBM Blockchain to trace the coffee beans of Smucker’s popular 1850 Coffee brand. Farmer Connect is an organization dedicated to increasing transparency and sustainability in agriculture supply chains. Smucker’s 1850 Coffee brand will be the first brand in the United States to introduce Farmer Connect’s very own “Thank My Farmer” mobile app.…