Cryptocurrency Analysis and News Portal
Bitcoin trading volumes recorded an all-time high against GBP today on Sep 28th, as GBP fiat currency showed weakness. According to the Strategy adviser of investment giant VanEck, BTC should see increased interest from the G20 countries as a hedge against their own policies. Over the past year, GBP has collapsed by
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The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has said. The report added that following this latest plunge, the gap between the birr’s official and parallel market exchange rates has widened to a record high.
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Grayscale Bitcoin Trust (GBTC), a cryptocurrency fund that currently holds 3.12% of the total Bitcoin (BTC) supply, or over 640,000 BTC, is trading at a record discount compared to the value of its underlying assets.Institutional interest in Grayscale dries upOn Sep. 23, the $12.55 billion closed-end trust was trading at
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Ethereum successfully completed its long-awaited transition to proof-of-stake via "the Merge" on Sept. 15, while traders have been increasingly shorting Ether (ETH) in anticipation of a sell-the-news event. Ethereum funding rate plummeEther's futures funding rates across leading derivatives platforms dropped below zero—to their worst levels to date—before the Merge. The rate
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The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect. Binance Sees Record Number of Indian Users The number of
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The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 8, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
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El interés abierto de los contratos perpetuos de bitcoin (es decir, futuros sin vencimiento) vinculados a la mayor criptomoneda alcanzó un nuevo récord de 565.579 BTC (US$ 10.600 millones) y superó el pico anterior de 548.096 BTC, de febrero de 2020, según la firma Arcane Research. Los datos incluyen posiciones
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The bitcoin-denominated open interest (OI) in futures and perpetuals (futures with no expiry) tied to the largest cryptocurrency has risen to a new record high of 565,579 BTC ($10.6 billion), surpassing the previous peak of 548,096 BTC reached in February 2020, according to Arcane Research. The data covers positions on
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The Brazilian tax authority (RFB) has revealed its numbers corresponding to the month of July regarding cryptocurrency statements. More than one million Brazilians have declared cryptocurrencies in the month, which constitutes a record in statements for the organization. Also, there was a rise in the number of women holding crypto
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"The rising ratio indicates open interest is outpacing market size and increases the risk of volatility," one researcher said. Original Source
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