If 2017 was the year of “general crypto” growth and 2018 the year of “stable coins” growth, then 2019 will be regarded as the year we saw an exponential growth in “decentralized finance”, referred to as DeFi. Over the past year, the total value locked in DeFi products grew as the field witnessed a rapid
In late 2018, the Hong Kong Securities and Futures Commission (SFC) introduced licenses to cryptocurrency funds and related investment managers allowing them to sell digital asset products to their customers. One year in since the announcement, a number of fund managers have complained that the authorities are frustrating their efforts to carry out their businesses.
Coca-Cola embraces blockchain technology in a $21 billion-a-year industry. Coke One North America (CONA) plans to expand the blockchain network globally. A number of top firms in the world are looking at blockchain technology as an innovative gateway to spur further growth and effectiveness in their processing systems. Coca-Cola became the latest company to find
The Bitcoin futures market is reawakening as the price boost at the end of October to over $10,000, saw the pioneer cryptocurrency grow by a mammoth 42% in less than 24 hours. Bakkt futures by the Intercontinental exchange (ICE) have followed suit with the number of open interest (OI) contracts reaching an all-time high value
Market movement among the top 10 cryptocurrencies by market cap reaches a six-month high as BTC price stalled at $8,200 USD. The realized correlation index between the top 10 coins stands at 82.8% – the highest in the past 6 months. A number of factors have contributed to this positive correlation among the major altcoins
Libra token offers an innovation upper-hand to the US to bolster its global financial superiority. Facebook will only be part of a US-regulated Libra project. Facebook’s CEO, Mark Zuckerberg is expected to testify before Congress on Wednesday on the launch of the Libra Association and the development of the Calibra wallet. The social media giant
Bitcoin realized 10-day volatility targets all-time lows as 30-day volatility drops below 3%. Institutional investors open interest in long CME Bitcoin futures spikes by 450% since start of October Bitcoin (BTC) volatility in a 30-day period realized a historical drop below 3% for the first time in a month. The “extremely volatile” tag of BTC
Lujan Odera According to data provided on Blockchain.com, Bitcoin’s 7-day average hash rate is oscillating around 98,000,000 TH/s representing a seven times growth for the hashing power compared to Bitcoin’s bullish trend period in December 2017. Bitcoin’s hash rate is a measure of the power needed to mine Bitcoin blocks and keep the blockchain functional.
BTC/USD’s $300 price hike overshadowed by Bitcoin Cash (BCH) and Bitcoin SV (BSV) mammoth 6% and 7% gain in the past 24 hours. Bitcoin Cash evangelist and Bitcoin.com founder, Roger Ver, denies involvement in the creation of Bitcoin Cash. Technical indicators signal a heightened demand for the Bitcoin spinoffs; BCH and BSV bulls take charge
Tokyo based cryptocurrency exchange, BitFlyer is set to improve and ease cryptocurrency trading on its platform by launching its mobile application. The new app will be available to customers across Europe and the United States, providing them with a regulated environment to trade cryptocurrencies. Traders can buy and sell crypto using the US Dollar, Euro
ADA/USD spikes by 4% in 24 hours as bulls take charge targeting key resistance level at $0.0430 USD. A break above the falling bearish channel major resistance level at $0.04030 by 21st October is an extremely bullish signal and excellent long position entry point on ADA/USD pair. The bullish momentum on ADA/USD follows an eventful
Digital Currency Group (DCG) subsidiary, Grayscale Investments, grew its digital assets under management (AUM) to $2.2 billion dollars cementing its place as the largest crypto institutional investment firm in the world. The Grayscale Bitcoin Trust (GBTC) asset contributed to $2.018 billion of the total AUM amidst growing institutional interest in altcoin based trust funds. GBTC
BitMex’s XBT Futures hold above the $7,900 USD while analysts set sight on a possible $6,000 USD bottom. Gold bug, Peter Schiff calls for correction in Bitcoin’s price to the $2,000s region. Bitcoin May Dip Further Following Current Trends Bitcoin is yet to bottom out following the current trends, as more price analysts ponder on
Decentralized Finance (DeFi) derivatives record all-time high volume of 400,000 ETH in the past 24 hours. DeFi applications contributed a record high of 3 million ETH on Ethereum blockchain. According to data by DeFi Pulse, the TVL of crypto derivatives soared by 7000% during the year to record a daily trading volume of $70 million
Binance BTC Futures daily traded volume drops by over 35% from its all-time high trades Binance bitcoin futures recorded the highest trading volume since its launch on Oct. 15. The daily traded volume of Binance futures currently stands at $499million USD, representing 39% plummeting from the ATH volumes. Binance Coin (BNB) drops over 50% since
XRP bulls accumulation phase is charging upwards as XRP/BTC price rises 5% in one hour XRP/BTC price spikes by 5% in the past hour pushing the MACD line above signal line. Investors accumulating XRP bags in the past three months, data shows. As the market consolidates, (XRP) is rallying up against Bitcoin (BTC) seeing the