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Bitcoin Faces Volatility Rise as Futures Market Shows Signs of Overheating

November 23, 2020

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Nov 23, 2020 at 11:33 a.m. UTCUpdated Nov 23, 2020 at 2:21 p.m. UTC Bitcoin Faces Volatility Rise as Futures Market Shows Signs of Overheating A metric from bitcoin’s perpetual futures market suggests some traders may have become overleveraged during the recent rally to above $18,000. The average level of the “funding rate” across major […]

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Bithumb crypto exchange temporarily closes some offices due to COVID-19

November 23, 2020

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Bithumb’s offline support center in Gangnam is closing down due to COVID-19. 9232 Total views 27 Total shares Bithumb, the largest cryptocurrency exchange in South Korea, is preparing to close some of its offices due to the ongoing COVID-19 pandemic. According to an official announcement on Nov. 23, Bithumb will be temporarily suspending its offline […]

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CipherTrace Says Homeland Security Work Gave Rise to Monero-Tracking Patent Filings

November 23, 2020

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Nov 23, 2020 at 10:54 a.m. UTCUpdated Nov 23, 2020 at 2:31 p.m. UTC CipherTrace Says Homeland Security Work Gave Rise to Monero-Tracking Patent Filings Blockchain analytics firm CipherTrace has filed two patent applications for tech it claims will assist authorities in tracking transactions made with the monero (XMR) cryptocurrency. According to an announcement on […]

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3 reasons Ethereum’s momentum is only accelerating as ETH nears $600

November 23, 2020

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Ether price has surged above $580 in recent days, but the impending release of Ethereum 2.0 isn’t the only catalyst driving the current rally. 20359 Total views 57 Total shares Alongside the high anticipation for Ethereum 2.0, the high time frame breakout and daily gas usage on Ethereum remain key positive factors. Eth2 momentum accelerates […]

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Suzhou to launch digital yuan ‘red envelope’ trial for Double 12 event

November 23, 2020

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Tied in with a national shopping event, the trial will add “offline” and “touch” functionality. 5690 Total views 24 Total shares The Chinese city of Suzhou will be the second to roll out a “red envelope” trial for the forthcoming digital yuan, according to a report in local media outlet The Paper. Following the successful […]

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Ripple seeks director to engage with central banks on digital currency

November 23, 2020

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Ripple is looking to define its strategy regarding central bank digital currencies. 10281 Total views 55 Total shares Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies, or CBDCs. According to a recent job posting by Ripple, the firm is seeking a senior director of central […]

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China Construction Bank Pulls Planned Listing of Bitcoin-Tradable Bond

November 23, 2020

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Nov 23, 2020 at 9:39 a.m. UTCUpdated Nov 23, 2020 at 2:34 p.m. UTC China Construction Bank Pulls Planned Listing of Bitcoin-Tradable Bond A top Chinese bank has suspended the upcoming listing of a $3 billion bond issuance that was intended to be tradable for bitcoin and U.S. dollars. As reported earlier in November, the […]

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John Lennon’s Son Says Bitcoin ‘Empowers’ People Like Never Before

November 23, 2020

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Nov 23, 2020 at 9:01 a.m. UTCUpdated Nov 23, 2020 at 2:37 p.m. UTC Sean Lennon at the 2019 Sweetwater 420 Festival(Erika Goldring/Getty Images) John Lennon’s Son Says Bitcoin ‘Empowers’ People Like Never Before The younger son of Beatles legend John Lennon has praised bitcoin for its ability to help individuals transcend politics and world […]

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China to Hold Second Lottery Trial of the Digital Yuan

November 23, 2020

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Nov 23, 2020 at 8:38 a.m. UTCUpdated Nov 23, 2020 at 2:39 p.m. UTC (Valeri Potapova/Shutterstock) China to Hold Second Lottery Trial of the Digital Yuan A city in China will hold the second lottery of the country’s central bank digital currency (CBDC) next month. On Dec. 12, a shopping festival known as “Double 12” […]

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Crypto Long & Short: 4 Metrics That Show How the Current Bitcoin Rally Is Different From 2017

November 22, 2020

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Nov 22, 2020 at 10:00 p.m. UTC (allanswart/Getty Images) Crypto Long & Short: 4 Metrics That Show How the Current Bitcoin Rally Is Different From 2017 Crypto markets have historically been led by retail investors, with professional investors following. Is that changing? After all, high-tech innovation in the past 15 years has executed an opposite […]

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