Cryptocurrency Analysis and News Portal
Data from Bitcoin (BTC) marketplace Paxful shows a huge surge of interest in cryptocurrency peer-to-peer trading in Russia, with 350% growth on a year-over-year (YoY) basis.According to the study, from the period of May 2019 to May 2020, Paxful is now seeing an average monthly trading volume of $4M in
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A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading. A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing with cryptocurrency exchanges. The
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U.S. crypto exchange Coinbase is now offering a way for users in six countries holding Dai to earn up to 2% back from rewards.According to a July 29 post on the Coinbase blog, Dai (DAI) holders in the United States, U.K., Netherlands, Spain, France, and Australia are now eligible to
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For the first time in the history of Ethereum, its futures contract has generated unprecedented interest as it has eclipsed $1 billion. This indicates that the biggest altcoin of the coin market enjoys greater adoption, sending signals that speculators are backing Ethereum for the future. According to Skews, the market Analytics
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Bitcoin futures open interest across all exchanges passed $4 billion Tuesday morning. Source
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Binance announced the rollout of its crypto debit card, the U.K.’s central bank is thinking hard about a digital currency and the taxman cometh. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to
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The growth of the crypto derivatives market in 2020 has been a story of its own, mainly driven by Bitcoin (BTC) and Ether (ETH) options traded on exchanges such as the Chicago Mercantile Exchange, Deribit, OKEx, Binance and Houbi. Record Bitcoin options volumes are indicative of an increasing institutional interest in
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When I began to get interested in trading, about 20 years ago, I read many books on the topic. One day, I saw: “In order to make money in the markets, the importance is not to lose.” Duh! — did I tell myself while reading… only later to discover the
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Bitcoin (BTC) options continue to see record open interest this week with a $1 billion expiration just one day away.According to data from on-chain analytics tool Glassnode and others, demand for options continues to underscore the uncertain market mood.CME Bitcoin futures open interest beats recordOn June 25, open interest in
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Ether (ETH) options were launched over a year ago at Deribit derivatives exchange but they have only recently gained traction.Open interest is the main gauge for derivative contracts activity, and on Ether options it has soared by 315% over the past two months to $158 million.This surge in OI has
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