Venezuelan Foreign Minister Yvan Gil stated that this new state of affairs in international trade was possible due to the push that Russia and the BRICS bloc exerted to bypass the U.S. dollar. Venezuelan Minister Yvan Gil: 25% of Trade Can Be Completed Away From the Dollar International trade markets have been evolving to open […] Source CryptoX Portal
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Data shows the Bitcoin futures market has seen a massive deleveraging event recently. Here’s what this reset could mean for BTC, based on past trends. Bitcoin Open Interest Has…
Digital asset investment products have faced a historic stretch of outflows, totaling $6.4 billion over the past five weeks. Bitcoin and ether bore the brunt, while XRP stood out with continued inflows. Bitcoin Funds Hit Hard as Historic Outflow Streak Reaches 17 Days Crypto investment products recorded its worst outflow streak on record with digital […] Source CryptoX Portal
Solana (SOL) futures traded for the first time on the Chicago Mercantile Exchange (CME) Group’s US derivatives exchange on March 17 as the cryptocurrency’s mainstream adoption gains momentum. In February, CME tipped plans to list two types of SOL futures contracts: standard contracts representing 500 SOL and retail-friendly “micro” contracts representing 25 SOL each. They are the first regulated Solana futures to hit the US market after Coinbase’s launched in February. The contracts are settled in cash, not physical SOL. On March 17, the contracts’ first trading day, SOL futures…
Bitcoin (BTC) has undergone its second-largest correction of this bull run, according to analysts at crypto exchange Bitfinex. The correction, from the coin’s all-time high of $109,590 set on Jan. 20 to a low of $77,041 during the week of March 9-15, represents a 30% retracement triggered by selling pressure from short-term holders. In its report, Bitfinex defines short-term holders as those who have bought within the last seven to 30 days. According to the exchange, they have suffered net unrealized losses and are often more subject to capitulation. Bitfinex…
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Market watchers have taken notice of Bitcoin’s recent price swings after a notable surge in transactions from affluent individuals. Market observers think that this might lead to a brief price spike, even…
Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” It will also specialize in institutional-grade offerings that will help bridge traditional finance with DeFi opportunities. The Converge blockchain is announced at the Tokenize NYC conference on March 17. Source: Cointelegraph Converge will launch with…
Asset manager Hashdex has amended its S-1 regulatory filing for its cryptocurrency index exchange-traded fund (ETF) to include seven altcoins in addition to Bitcoin (BTC) and Ether (ETH), according to a March 14 filing. The revision proposes adding seven specific altcoins to the index ETF — Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI). As of March 17, the Hashdex Nasdaq Crypto Index US ETF holds only Bitcoin and Ether. Previous versions of Hashdex’s S-1 suggested the possibility of adding other cryptocurrencies in…
Bitfarms Ltd. has finalized its acquisition of Stronghold Digital Mining, Inc., marking an expansion of its U.S. operations and energy capabilities. The deal strengthens Bitfarms’ position in the PJM market and advances its high-performance computing (HPC) and artificial intelligence (AI) initiatives. Bitfarms Advances HPC/AI Strategy with Stronghold Acquisition The acquisition increases Bitfarms‘ energy portfolio to […] Original
Bitcoin (BTC) has fallen 12% since March 2, when it nearly reached $94,000. Interestingly, during the same period, the US dollar weakened against a basket of foreign currencies, which is usually seen as a positive sign for scarce assets like BTC. Investors are now puzzled as to why Bitcoin hasn’t reacted positively to the declining DXY and what could be the next factor to trigger a decoupling from this trend. US Dollar Index (DXY, left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph Up to mid-2024, the US Dollar Index (DXY)…