Cryptocurrency Analysis and News Portal
Synthetix unveiled its new decentralized asset management platform dHedge, emerging out of stealth mode. dHedge takes advantage of non-custodial mimetic trading for Synths, or tokens that provide exposure to assets such as gold, Bitcoin and the U.S. dollar on the Ethereum blockchain. Synthetix founder Kain Warwick said dHedge will harness the full
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Fidelity holds about 10.6% stake in Canadian Bitcoin mining firm Hut 8, according to a regulatory filing Fidelity’s investment in Hut 8 is significant since the asset management giant is known to be mining BTC since 2014.According to the latest regulatory filing, asset management giant Fidelity holds an approximately 10.6%
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The crypto futures market is heating up. On June 30, Binance launched Compound perpetual contracts at 50x leverage, around the same time Beijing-based MCDEX debuted a novel decentralized ETH perpetual contract that has no expiry date. CoinFLEX, meanwhile, has unveiled a centrally traded repo market powered by deliverable perpetual futures and Bybit
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Coinbase Custody has replaced Kingdom Trust as the principal custodian for its Bitcoin ETP, just as it begins trading on Deutsche Boerse. Source
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Bitcoin has successfully managed to flip its popularity among Japanese investors over the last two years and dethroning XRP by a large margin. Bitcoin now leads a 51.36% market share in Japan against XRP with 27.54%.Bitcoin has ultimately dethroned XRP in terms of popularity among Japanese cryptocurrency investors and enthusiasts.
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A quiet rebellion against copyright is being waged on a single website by a freelance coder, using cryptocurrency where PayPal won’t do. Bitcoin as a censorship-free money has been used by outlaws of all sorts, but this time the outlaw is a young scientist from Kazakhstan breaking through the paywalls of
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Bitcoin is down more than 5% and it broke the key $9,300 support zone against the US Dollar. BTC traded as low as $9,089 and it is currently correcting higher towards hurdles.Bitcoin declined sharply after it was rejected one more time near the $10,000 level.There was a break below many
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Fledgling Ethereum anonymization protocol Tornado.cash has launched completely immutable smart contracts — rendering the protocol “unstoppable” from May 21.While the project has extolled the virtues of immutability and declared that “code is law,” many within the Ethereum (ETH) community are advising against depositing funds into the protocol.Tornado.cash opts for complete
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For an industry that is supposed to be based upon decentralization, it appears to be getting crowded at the top, with a number of companies transforming into unspoken oligarchs, each wielding huge influence — or at least that’s what some critics argue.One of the most remarkable crypto companies operating today
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IBM has become a shareholder in we.trade, the trade-finance platform jointly owned by 12 European banks, signaling further consolidation across the enterprise blockchain space.Ciaran McGowan, we.trade’s CEO, said the deepening relationship with Big Blue will help the platform in its next phase of global expansion.“Now we’ve got a very strong
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