Open interest hovers around $237 million with trajectory clearly pointing to a fresh record coming in January, with volume at three-month highs. Bitcoin (BTC) derivatives trading looks set to reach record levels this month as volume spikes and open interest hovers near all-time highs. Data from CME Group shows that as of Jan. 16, open…
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After a short term downside correction, bitcoin price found support near the USD 8,550 area. Later, BTC/USD started a fresh increase above the USD 8,650 and USD 8,850 resistance levels. A new 2020 high is formed near USD 9,000 and the price is currently (09:00 UTC) trading with a bullish angle. Similarly, there were decent…
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Source: Instagram, Binance Binance has revealed that it is “preparing to launch trading services for users in Japan” – and is currently in advanced talks with the operator of Yahoo Japan, which runs a licensed cryptocurrency exchange in the country. In an official post, Binance stated that it has “entered into a strategic partnership discussion”…
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The bullish momentum for Bitcoin price has slowed down, leading to what traders hope will be a brief period of consolidation. Over the last few hours, Bitcoin price (BTC) swiftly dropped 3% from $8,863 to $8,557 and for the third time in 24 hours bulls were forced to defend the $8,600 support level, which has…
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A giant Bitcoin transaction between two unknown addresses was subsequently claimed by Bitfinex, which was reloading its hot wallet. The origin and destination of the funds at first remained unknown. The transaction followed fresh developments in the court case involving Craig Wright, the Australian computer scientist who claims to be Bitcoin inventor, Satoshi Nakamoto. As…
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New institutional investors flocking into Bitcoin helped major digital asset manager Grayscale Investments to raise over USD 600 million in 2019, or more than in 2013-2018 combined. Cumulative investment across the Grayscale family of products surpassed USD 1 billion for the first time, the company said in their 2019 Digital Asset Investment Report. The report…
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Bithumb has taken the South Korean National Tax Service to court over a multi-million dollar tax levy. Major South Korean cryptocurrency exchange Bithumb has decided to litigate a near $69 million (80 billion won) tax bill levied by the National Tax Service (NTS). According to a report published by The Korea Times on Jan. 16,…
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Major cryptocurrency exchange Biannce has entered negotiations regarding a partnership in the Japanese market. Binance, one of the top cryptocurrency exchanges globally, has started discussions regarding a strategic partnership with two Japanese firms. According to a press release on Jan. 17, Binance has begun negotiations with Z Corporation, a subsidiary of Z Holdings formerly known…
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J. Christopher Giancarlo, ex-CFTC chairman aka “Crypto Dad” has started a think tank to promote the blockchain-based U.S. dollar. J. Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC), plans to promote the blockchain-based United States dollar with a new think tank. Giancarlo, who earned the “Crypto Dad” moniker for advocating a “do…
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Huobi joins Turkey’s leading blockchain initiative to support local cooperation. Major crypto exchange Huobi becomes a member of the Blockchain Turkey Platform to cooperate with local players on blockchain efforts. Five months after officially entering the Turkish market, Huobi joined the Blockchain Turkey Platform as a “Platinum” member, the global crypto exchange announced on Jan.…
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