Day: March 14, 2022

24 Exchange Finalizes First Crypto NDF Trades

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24 Exchange, Dmitri Galinov’s over-the-counter (OTC) platform, announced on Monday that it had completed its first cryptocurrency non-deliverable forward (NDF) trades on its platform in February. Q4 2021 volumes have gone up or down and how much? According to the press release, it involved ED&F Man Capital Markets, XBTO, and QCP. “By completing the first-ever crypto electronic NDF trades on our multi-asset platform, 24 Exchange is at the forefront of creating institutional markets for crypto trading. We are excited to offer our customers a reliable, seamless, and low-cost platform to…

Bitcoin Will Be Legal Tender in Many Latin American Countries – Featured Bitcoin News

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The founder of Skybridge Capital has predicted that “bitcoin will be used by many Latin American countries as legal tender over time, not just El Salvador.” He recently doubled down on his $100K bitcoin price prediction but does not currently see the cryptocurrency as a hedge against inflation. Bitcoin Will Be Legal Tender in Many More Countries, Says Scaramucci The founder of investment management firm Skybridge Capital, Anthony Scaramucci, expects more countries to adopt bitcoin as legal tender. “I see bitcoin in its current status as an early adopting technological…

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How professional Ethereum traders place bullish ETH price bets while limiting losses

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Being bullish on Ether (ETH) over the past four months did not pay off as its price dropped 44% from $4,600. The decentralized finance (DeFi) applications growth that fueled the rally faded away, partially due to network congestion and average transaction fees of $30 and higher. The cool-off period can also be attributed to excessive expectations as the fee burn mechanism implemented in August 2021 with the London hard fork. After drastically reducing the daily net issuance, investors jumped to the conclusion that Ether would become “ultrasound money.” The Ethereum…

Ethereum Needs To Break Above $2,650, But Why Won’t It Budge?

Ethereum continues to struggle after falling below $3,000. This price point was critical for bulls to hold and ever since bears dragged the price below it, it has been a continuous display of dips and crashes. For a cryptocurrency like Ethereum, there are resistance and support levels that are very important for the digital asset. One of those support levels sits just above $2,500. So far, the digital asset has managed to maintain above this point. This shows that bulls are mounting significant support. However, with momentum falling and selling…

How Chainalysis helps in crypto monitoring and blockchain analysis?

Chainalysis has five different types of products that help in monitoring crypto assets. These are Chainalysis Business Data, Chainalysis KYT, Chainalysis Kryptos, Chainalysis Market Intel and Chainalysis Reactor. Chainalysis Business Data Chainalysis Business Data gives crypto companies an extra layer of customer intelligence, allowing them to understand their customers before and after leaving their platforms, customize product offerings and enhance customer experience. Furthermore, it allows companies to find the most avenues impacting the business and making data-driven decisions. Data is updated on a regular basis to ensure that relevant adjustments…

A Taipei Executive Believes GameFi Can Fix Gaming’s Creative Drought; Bitcoin, Ether Are Flat in Light Trading

At one point bitcoin was trading at about $39,00, slightly up over the previous 24 hours. Ether was selling at just over $2,550, off slightly over the same period. Other major cryptos in the CoinDesk top 20 by market capitalization also fell, although Terra’s luna and and Axie Infinity (AXS) were among the exceptions. Trading was light as investors seemed inclined to wait out events later in the week, including a decision by the U.S. central bank’s Federal Open Market Committee (FOMC) on the first of what many observers believe…

Why LimeWire Chose Algorand For Its Comeback

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Popular peer-to-peer file sharing service LimeWire will make a comeback on the blockchain. Per a press release, the platform will relaunch as a non-fungible token (NFT) marketplace running on Algorand. Related Reading | Algorand Blockchain Has Grown 35% In Q1 2022 LimeWire has selected this network, the release claims, due to Algorand’s alleged energy consumption levels which make them the blockchain “of choice for energy efficient NFT marketplaces”. The network will provide with a scalable platform with low-cost transactions, and an Ethereum-Polygon bridge. As LimeWire previously reported, the platform will…