Day: September 8, 2021

How Futures Traders Could See The Bitcoin Selloff Coming

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Part of what is so special about Bitcoin is the fact that is it inclusive to all, and never in the past required the participation of “smart money” and institutional traders. But to become a multi-trillion dollar asset as it is destined to, bigger players had to get involved to take things to the next level. That next level is now here, and retail investors and traders are in the same market along with whales, corporations, and other high wealth individuals. These elite play in their own ball field, complete…

El Salvador Unfazed by Bitcoin’s Recent Price Drop – Blockchain News, Opinion, TV and Jobs

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The price of Bitcoin went down sharply on Tuesday, plunging 19% from $52,956 to $42,900 yesterday, undoing the gains it made recently and wiping out more than $180 billion in market value. El Salvador, the country that officially adopted bitcoin as legal tender yesterday, appeared unfazed by the dip, and capitalized on it instead. The country simply purchased another 150 BTC as soon as the price was right. According to analysts, the reason for the drop was clear. Investors were choosing to sell while the price was still high, after…

Qilin Puts Liquidity at the Heart of Crypto Derivatives — CoinDesk

Qilin’s technical team has been active in the crypto markets since 2017. It has extensive experience of public blockchain development in multiple major blockchains and has been developing in DeFi since 2018. Another part of the team behind Qilin Protocol comes from a market making background. Over the years, having served over 400 crypto projects, Qilin has ascertained key business cases for crypto assets and the importance of business models for an exchange. Ultimately, Qilin Protocol will be the Uniswap for derivatives, based on both the business services that it…