Day: February 19, 2021

5 of Best Crypto Derivatives Exchanges

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Crypto derivatives exchanges have quite literally taken the market by storm. It’s a market that has rocketed to over $1 trillion in daily trading volume and shows no signs of slowing down in 2021. As cryptocurrencies have evolved into the mainstream, so have the different ways traders can interact with them. From leveraged trades and defi swaps, to buying crypto with debit cards and trading 24/7 using mobile apps, traders have more choice and are more empowered than ever. A major catalyst behind this adoption is crypto derivative exchanges, a…

Ripple’s XRP sales suppressed coin price, amended court complaint alleges

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The United States Securities and Exchange Commission has alleged that Ripple Labs executives Bradley Garlinghouse and Christian Larsen manipulated the XRP price by ramping up or slowing down their coin sales depending upon market conditions. In an amended complaint filed Feb. 18, the plaintiff — the U.S Securities and Exchange Commission —reiterated its stance that Ripple Labs, Christian Larsen and Brad Garlinghouse violated securities laws with the sale of XRP coins starting in 2013: “From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset…

What Is a Bitcoin ETF?

A bitcoin exchange-traded fund (ETF) lets traders gain exposure to BTC via traditional stock markets, without needing to directly buy or sell the digital asset on a cryptocurrency exchange. A bitcoin ETF is an exchange-traded fund that specifically tracks the price of the leading cryptocurrency and allows traders to purchase or sell the security on a stock exchange throughout the day. They can be cash-settled or physically settled, meaning investors will receive either fiat currency or actual bitcoin upon exiting, respectively. ETFs are regulated traditional financial products and can be…

Uniswap (UNI), Compound (COMP), Other DeFi Coins Are Slipping Lower

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Top decentralized finance (DeFi) coins are sliding lower despite strength in the Ethereum price. Data from Uniswap indicates that against the U.S. dollar, coins such as UNI, Compound’s COMP, and Yearn.finance’s YFI, have slid lower by 1-5% in the past 24 hours. This slight move lower in the price action of these coins adds to an overall trend of consolidation seen in the DeFi market over the past week. After a strong breakout in January, which transitioned into early February, the DeFi market has cooled fairly rapidly. DeFi Market Stumbles…

Exchange tokens BNB, HT, FTT and OKB are on fire in February — Here’s why

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Bitcoin’s (BTC) current bull run continues to attract institutional investors who are finally realizing its long-term potential. The latest to take the Bitcoin plunge is BlackRock Financial Management, which has “started to dabble a bit” in crypto investments, according to the investment giant’s chief investment officer Rick Rieder. In another positive, investment advisory The Motley Fool projected that Bitcoin could rise to $500,000 over the next 15 years. The firm announced its plans to buy $5 million worth of Bitcoin and has also advised its 10X real-money portfolio members to…

Binance Coin Topples USDT to Become the Number Three Crypto After a 300% Price Surge – Altcoins Bitcoin News

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The Binance token has toppled the stablecoin Tether to become the third-largest crypto asset by market capitalization. After starting the month of February a little under $50, the token had raced past the $250 mark on February 19. At the time of writing the token is fluctuating around its all-time high (ATH) and stood at $262. At this price, BNB’s market capitalization currently stands at over $38 billion. This is nearly $4 billion more than that of Tether. Meanwhile, before the February price breakout, the token had experienced a gradual…

Firm in Portugal to accept Bitcoin for electricity bills

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Luzboa, a small energy trading company in Portugal, will soon start accepting Bitcoin (BTC) as payment for electricity. The company’s president Pedro Morais Leitão announced the news to Portuguese publication Expresso on Wednesday, stating that the new payment option should become available this month. According to the executive, Luzboa will create a Bitcoin wallet in the coming days, allowing residents to pay for electricity under a new payment system known as “Bit Spot.” According to Leitão, the firm plans to instantly convert received Bitcoin into euros to protect its business…

Bitcoin accelerates toward $1T market cap as price hits new all-time high

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Bitcoin (BTC) hit yet another all-time high on Feb. 19 as the largest cryptocurrency set its sights on becoming a trillion-dollar asset. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Another day, another Bitcoin record Data from Cointelegraph Markets and Tradingview showed BTC/USD reaching $52,932 on Bitstamp at the time of writing after rising % in an hour. Holding $50,000 support over the past two days, Bitcoin was primed for further gains in the short term, analysts believed, with one area in particular capturing hodlers’ imagination. At around $53,600, Bitcoin’s total market…

Bitcoin Could Hit $1M and Become Global Reserve Currency

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While Bitcoin is experiencing an incredible rally, the US largest bank JPMorgan Chase is warning about risks associated with investing in BTC. In particular, volatility is the biggest issue. This week, Bitcoin (BTC) surpassed the $50K mark for the first time in its history. Just after crossing this milestone, Bitcoin hit a new all-time high above $52,000. Some analysts believe there is even more to come. For example, Morgan Creek Digital founder Anthony Pompliano is convinced that by the end of the decade, Bitcoin will reach $500,000. Besides, the entrepreneur…