Cryptocurrency Analysis and News Portal
Open interest, or the number of unsettled futures contracts, has risen 21% since Tuesday. Higher open interest is a sign of increased bets on any asset, such as tokens or stocks, as it suggests an inflow of new money into a financial market – usually meaning a current trend is
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The price of BNB token has experienced a 24.5% decline over the past 90 days, despite a 7% gain between July 10 and July 11. BNB has performed worse than the overall altcoin market, indicating that the underlying cause for the bearish momentum persists.It is highly likely that the correction
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United States Senate Financial Services Committee Chair Ron Wyden and ranking member Mike Crapo released an open letter to the digital asset community on July 11 asking for input on the taxation of digital assets. The senators are looking for solutions to highly complex taxation issues, so much so that
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The latest announcement means that Tencent and Ant want to allow visitors to make payments with different vendors in China. Foreigners can now easily pay for goods and services in China as payment giants Tencent and Ant Group said users can directly link international credit cards to their platforms. Therefore, tourists
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Bitcoin Cash was issued in July 2017 after it forked the original Bitcoin's blockchain. It made a record high of $2,947 during the peak of the 2017 bull market. However, despite early optimism, adoption of Bitcoin Cash as a payments network has paled into insignificance compared to its sibling. Source
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Currently, there are three live proposals, according to the announcement. The first proposal establishes the open governance model, while the second and third proposals are centered around open standards. The second proposal “will encourage third-party algorithms and machine learning (ML) services to be integrated into Lens Protocol,” while the third
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"This is just the beginning. It's not like this is going to be a stagnant website," said Rebecca Rettig, Chief Policy Officer at Polygon Labs in a pre-launch interview with CryptoX. "It's going to grow as people see it and say, 'Oh, we want more applications that are on Solana
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Taiwan Mobile’s decision demonstrates the growing interest of conventional sectors in capitalizing on the possibilities of cryptocurrencies and blockchain technology. Taiwan Mobile Co Ltd (TPE: 3045), one of Taiwan’s prominent telecommunications companies, has expressed its openness to potential alliance opportunities with Taiwanese firms specializing in crypto. As reported by Bloomberg, the company
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As one of America’s leading venture capital firms, a16z has invested in many fintech projects both within and outside the region. Andreessen Horowitz (a16z), a leading venture capital firm, has joined a wave of US-based companies seeking new opportunities outside the shores of the country following the recent crackdown on crypto
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The surge in open interest comes alongside a decline in price and signals an influx of bearish short positions in the market. Source
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