Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works
Ethereum open interest (OI) had seen a meteoric rise in the weeks leading up to the Ethereum Merge. Even after the Merge,
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Works
Stabilizing Ethereum Funding Rates Suggests Recovery Might Be In The Works
Ethereum funding rates had taken a beating after the Merge was completed. This event was the single most anticipated upgrade in the
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What Is Tether? How USDT Works and What Backs Its Value
Since then, Tether has expanded to numerous blockchains, launched various tokens and skyrocketed in popularity. As of the end of May 2022, all the USDT tokens outstanding were worth $73 billion, making it the third-largest cryptocurrency by market capitalization. Source
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Which Bitcoin strategy works best regardless of price?
Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy BTC when it is cheaper, around $30,000, or wait for another market selloff.The more you
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Ledger exec explains how it works
As cryptocurrency staking is growing increasingly popular, one may wonder about staking opportunities of not only crypto exchanges or software wallets but also hardware wallets.By definition, staking allows investors to earn crypto without selling their holdings but rather by delegating crypto to a staking validator to support a blockchain. Originating
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Pantera Capital Set to Close $1.3B Blockchain Fund, With Follow-Up Vehicle Already in the Works
The Select Fund was Pantera’s fifth, joining the Bitcoin Fund, Early-Stage Token Fund, Liquid Token Fund and Blockchain Fund. Select is “smaller, more targeted and therefore more concentrated than a typical growth fund,” said Pantera. The deadline for limited partners to get in on the Select Fund is May 1. Source
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Federal Reserve works with China’s blockchain ally for instant payments
The United States Federal Reserve is moving forward with its real-time payment project FedNow Service by starting experimenting with the blockchain infrastructure.On Tuesday, the Fed officially launched the FedNow Service Provider Showcase, aiming to provide financial institutions and users with a range of services to help them implement FedNow Service,
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Crypto community rallies with Ukraine as local NFT artists’ works sell out
It appears that crypto enthusiasts worldwide are rallying in support of Ukrainians during the difficult times. According to reports, Bitcoin (BTC) donations to Come Back Alive, a non-governmental organization helping Ukraine's military efforts, received $3 million in BTC in a single donation on Friday. Users also took to social media to
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FTX.US job posting reveals blockchain gaming unit in the works
FTX.US, the American arm of the global crypto derivative and spot exchange FTX, seems to be launching a new blockchain gaming unit.As per a job posting by the crypto exchange, the firm is looking for software developers for its upcoming blockchain and gaming unit. The new gaming unit will be
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Singaporean megabank DBS works on expanding Bitcoin trading to retail
DBS Bank, Singapore’s largest bank, is working on expanding its cryptocurrency exchange beyond its current investor base of institutional clients, according to the CEO.DBS Bank CEO Piyush Gupta spoke of the bank’s cryptocurrency business during the Q4 2021 earnings call on Monday, stating that the company will focus on measures
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