Category: ICO

BTC Jumps Above $71K, DOGE Leads Market Surge

DOGE futures interest is nearing record levels, thanks to increasing confidence of Donald Trump winning next week’s presidential election. Traders view DOGE as an election play thanks to Elon Musk’s endorsement of the Republican candidate, and by extension the possibility of Musk running a “Department of Government Efficiency,” abbreviated as D.O.G.E. DOGE-denominated futures have risen 33% since Sunday to 8 billion tokens as of European morning hours Tuesday. “Elon is memeing the idea of a ‘Department of Government Efficiency’ into reality and is able to tie it to DOGE somehow,”…

Bitcoin Open Interest Set Record Highs as BTC Price Surges to $71K, Here’s Why

High open interest can lead to increased volatility, especially as contracts near expiration. Traders might rush to close, roll over, or adjust positions, which can lead to significant price movements. Research firm Kaiko said in an X post that while futures showed strong interest from traders, the funding rates for such positions remain well below March highs which indicate tempered demand. Source

Statement on ICO’s work to protect children online

Emily Keaney, ICO Deputy Commissioner (Regulatory Policy), said: “Children see sharing their personal information online as necessary to avoid social exclusion, our new research has found. Our Children’s Data Lives research shows that, for many children, their data is the only currency they have and sharing their personal details was often seen to be a necessary exchange to access apps and services to help them make and stay in touch with friends. Youngsters said they are unaware of how companies collect and use their data and generally trust ‘big companies’.…

DeFi Cover Provider Nexus Mutual Backs New Crypto Insurance Broker Native

Native goes live with $2.6 million of seed funding led by Nexus Mutual, and the two firms are offering $20 million on-chain cover per risk, according to a press release on Tuesday. Nexus Mutual currently has a capital pool of about $200 million, mostly denominated in ETH, the token of the Ethereum blockchain, meaning the mutual will be able to write multiple coverage lines per risk from day one, Nexus Mutual said. Source