Day: November 17, 2022

Bitcoin: The Beauty of Mathematics (Part 29)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Time for an update on our #Bitcoin: The Beauty of Mathematics series, which is actually an analysis on the total #cryptocurrency market capitalization by comparing it to our fair value logarithmic regression trend line. No model will tell us exactly when/where the entire asset class will peak, but hopefully it gives us some insight into what is realistically possible. Where do you think the price of #Bitcoin is headed? Let me know in the comments! Into The Cryptoverse Premium SALE: Merch SALE…

Bitcoin Reserve On Binance Sharply Rises, Whales Preparing For More Dumping?

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On-chain data shows the Bitcoin reserve on Binance has been sharply going up in the last couple of days, something that could be a sign of dumping. Bitcoin Reserve On The Crypto Exchange Binance Has Observed Sharp Growth In Recent Days As pointed out by an analyst in a CryptoQuant post, the funding rates have been negative while these inflows have been made. The “exchange reserve” is an indicator that measures the total amount of Bitcoin currently stored in the wallets of a centralized exchange (which, in this case, is…

Regulator Halts Trading of FTX Tokens in Indonesia – Exchanges Bitcoin News

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The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankruptcy in the United States and was subjected to investigations by regulatory bodies around the world. Indonesian Authority Orders Crypto Exchanges to Discontinue FTX Token Trading Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has instructed digital asset exchanges in the country to stop trading the FTX token, also known by its ticker FTT. According to a statement cited by Reuters,…

Fed paper looks at theoretical role of remuneration, convenience in CBDC design

The importance of remuneration in the design of a central bank digital currency (CBDC) was emphasized in a paper released by the United States Federal Reserve Board on Nov. 17. The paper, part of the Fed’s Finance and Economics Discussion Series, reviews the theoretical literature on CBDCs in large, developed economies, with a particular view to the United States. It looks at the risks and benefits to the banking system of introducing a CBDC, with a particular focus on the role of CBDC design in the implementation of monetary policy and…

CME Bitcoin futures trade at a discount, but is that a good or a bad thing?

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The Chicago Mercantile Exchange (CME) Bitcoin (BTC) futures have been trading below Bitcoin’s spot price on regular exchanges since Nov. 9, a situation that is technically referred to as backwardation. While it does point to a bearish market structure, there are multiple factors that can cause momentary distortions. Typically, these CME fixed-month contracts trade at a slight premium, indicating that sellers are requesting more money to withhold settlement for longer. As a result, futures should trade at a 0.5% to 2% premium in healthy markets, a situation known as contango.…

Ethereum Bears Roar As Price Struggles; Here Is Why Bulls Must Defend $1,000

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 ETH’s price reclaims its demand zone of $1,200 as price bounces to a region of $1,250 despite market turmoil.   ETH’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors.  ETH’s price bounces from a low of $1,100 on the daily timeframes as the price aims for a recovery toward the 50 Exponential Moving Average (EMA) In the last two days, the crypto market has seen some drastic shift in sentiment, with Ethereum (ETH) and the price…

UC-Berkeley Suspends Stadium Naming Rights Deal with FTX

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MOVE Estrella Galicia’s Digital Innovation Programme Makes the Leap to Web3 – Press release Bitcoin News

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press release PRESS RELEASE. After 4 editions based on digital innovations related to Estrella Galicia’s value chain, The Hop takes another step toward the exploration and development of Web3 initiatives. 17 November 2022, A Coruña, Spain — The fourth edition of The Hop comes to a close this year, ending a cycle of 4 editions in which more than 35 pilot projects were undertaken in Spain and Brazil. The fourth edition included different leading startups and companies such as MIT, IE, Amazon, and more. In its fifth edition TheHop will…