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Day: August 29, 2022
CME Group launches euro-denominated Bitcoin and Ether futures
Derivatives marketplace Chicago Mercantile Exchange Group has launched trading for Bitcoin euro and Ether euro futures contracts. In a Monday announcement, CME Group said that it launched contracts for euro-denominated Bitcoin (BTC) and Ether (ETH) futures sized at 5 BTC and 50 ETH per contract. Both contracts will be listed on CME, cash-settled and based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, respectively. “Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise…
Why DeFi, GameFi and SocialFi are horizontals in the Metaverse
The future of value creation and exchange will know no national boundaries and jurisdictions. They will all be ecosystem specific. Therefore, all use cases need to be ecosystem-specific. The future for DeFi, GameFi and SocialFi may be embedded. But, this embedding can only be implemented in a well-oiled ecosystem. The Metaverse that brings these user functions together will not only have experiential elements but also utilitarian and gamification elements. For instance, a metaverse in which DeFi can be applicable will need to have opportunities for microtransactions. A metaverse in which…
Bitcoin reaches ‘short squeeze’ trigger zone as BTC price nears $20.4K
Bitcoin (BTC) regained some lost ground at the Aug. 29 Wall Street open amid talk of an imminent short squeeze. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Shorts lose out in modest squeeze higher for BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to near $20,400 on Bitstamp as United States equities began trading. The move signaled welcome relief for hodlers, who had looked on as the pair dove increasingly below $20,000 during the weekend. Now, with the market “aggressively short positioned,” conditions appeared to favor a…
AVAX cae 11% luego de que Avalanche fuera acusada de pagar abogados para dañar a la competencia
AVAX cayó 22%, de $23 a $17,90 desde el viernes, y los precios han perdido un 11% solo en las últimas 24 horas, según datos de CoinDesk. Al momento de ser publicado este arículo, AVAX era la única criptomoneda con una capitalización de mercado de al menos $1000 millones que reportó una disminución porcentual de dos dígitos durante el período de 24 horas. Bitcoin, ether y otras criptomonedas importantes acumularon pérdidas que van de 1% a 5%. Source
Where in the world are the 3AC founders? Speculations abound
The creators of Three Arrows Capital are missing, according to reports, when court-appointed liquidators visited the firm’s Singapore headquarters recently, all they discovered was a locked door and a stack of outdated mail. Singapore-based 3AC is among the flagship cryptocurrency firms that have crumbled under bear pressure and faced liquidity issues driven by the market sell-off in recent weeks. In June, a court in the British Virgin Islands, where 3AC had moved its registration, appointed advisory firm Teneo in June to liquidate 3AC assets. Teneo senior managing directors Russell Crumpler…
Crypto Exchange Giant Binance Restricts $1,000,000 Corporate Account, Cites Law Enforcement Request
The world’s largest crypto exchange by trading volume is restricting a corporate account with over $1 million in virtual assets due to a request by law enforcement. Digital assets exchange giant Binance says that it has locked the account of a Tezos (XTZ) tools contributor that contained $1 million worth of crypto assets. Furthermore, Binance says the tools developer, known as BakingBad, is attempting to “mislead” the broader crypto community by blaming the crypto exchange for the shut down. “The account in question was restricted as the result of a…
Crypto Mafia in Kannada – Should you Invest in Cryptocurrency? | Special Interview with CS Sudheer
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Why Ethereum Will Continue to Outperform Bitcoin During September
The crypto market is yet to recover from a spike in selling pressure over the weekend, with Ethereum and other cryptocurrencies almost reaching double-digit losses. Bitcoin has been one of the worst performers these past few days and might weaken during September. In the coming weeks, market participants will have their attention set on the Ethereum “Merge”, the event that will complete this network’s migration to a Proof-of-Stake (PoS) consensus. The narrative surrounding this event has allowed ETH’s price to lead the market in the past week. As a consequence,…
These 3 altcoins have completely ignored the bear market in the last 90 days
The cryptocurrency market overall endured a bad summer on back-to-back pieces of bad news, ranging from Terra’s (Luna) —now renamed Terra Classic (LUNC) — collapse to the Celsius Network’s liquidity crisis. But some tokens have bucked the downtrend and have actually seen their valuations go up over the summer. Specifically, the last 90 days have seen these so-called alternative cryptocurrencies, or “altcoins,” outperforming top coins like Bitcoin (BTC) and Ether (ETH). Here are three among them: Chiliz (CHZ) Chiliz’s (CHZ) return in the last 90 days comes to be above…