As the cryptocurrency market recovers from the drastic fall on 25 and 26 February, the Futures market has a novel story to tell. While on one hand, Bitcoin Futures are seeing reduced Open Interest, on the other hand, Ethereum Futures are reflecting new great momentum in its daily volume. According to the data provider, Skew, […]
Major cryptocurrency exchange platform Coinbase faces criticism for its promotion of the Ethereum Name Service. The trading venue added support for .eth names to its wallet application earlier today. The Ethereum Name Service is an effort to make the cryptocurrency experience more user-friendly. Those behind it believe it will help promote adoption by allowing the […]
As the price of the king coin surrendered under the selling pressure, other altcoins followed its lead. Ethereum, the world’s second-largest cryptocurrency and a highly correlated asset to Bitcoin, fell by 10.54% within three hours as its vale shrunk from $240.47 to $215.13. As the price of the coin was collapsing, BitMEX noted liquidations worth […]
The addition of the Futures market for cryptocurrencies has allowed many investors on the sidelines to jump into the field. Perhaps, the first perpetual contract by BitMEX started it all. Now, as of 2020, there are multiple exchanges offering such products, including Binance, FTX, and Deribit, etc. These products have clearly contributed to the onboarding […]
Grayscale’s Ethereum Trust [ETHE] hit a premium of 465% a few days after the spot prices rallied to a local top. ETH’s spot price hit a new yearly high ($289) on 15 February 2020. 10 days later, Grayscale Ethereum trust’s market price per share surged to $143.75, possibly due to demand from institutional investors. A […]
In the last 24-hours, $38 million of Dai were traded for Ethereum on decentralized exchanges and Coinbase. Moreover, a massive spike in Dai trading volume confirmed this pattern, suggesting that investors are bracing for further drops.A whopping ~$38M of $Dai traded for $ETH in the past 24hrs (v slightly above peg). Mostly on @dydxprotocol and […]
Digital asset markets have just had one of their largest dumps of the year as $20 billion flooded out over the past 24 hours. Some altcoins are getting hit harder than others though — is there a reason for this? The COVID-19 coronavirus-induced crypto rout that began on Monday has intensified every day this week, […]
Like a crashing wave, Bitcoin’s spot price has been on a downward motion over the past few days. While sellers are closing their positions, the low price of the crypto-asset has been quite inviting for many. On 26 February, Bitcoin was recuperating from the fall on 25 February, but as the buyers tried to stabilize […]
Opposition continues to grow against implementation of the controversial Programmatic Proof-of-Work (ProgPoW) proposal in the Ethereum community. Opposition continues to grow against implementation of the controversial Programmatic Proof-of-Work (ProgPoW) proposal in the Ethereum community. ProgPoW is an ASIC-resistant PoW algorithm meant to replace ETHhash, the current hashing algorithm for the platform. First mooted two years […]
The Stellar Development Foundation has announced a $715,000 investment in DSTOQ, a Stellar-based FinTech project that allows users to invest in traditional stocks with fiat and cryptocurrency. Stellar revealed the news on its official blog and in a video from CEO Denelle Dixon. Big News: @DenelleDixon announces SDF’s first enterprise fund investment in DSTOQ #stellar […]
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