Crypto exchange OKX is adding a new feature to make it easier for institutions to make large trades without risking price slippage. According to an announcement from OKX on Thursday, the new feature, known as OKX Block Trading, will allow large orders to be transacted “in bulk.” A bulk order is a type of over-the-counter…
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After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets “where there is no counterparty.” According to a new consultation report from the BIS’ Basel Committee on Banking Supervision, the…
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Michael Saylor’s company MicroStrategy has taken advantage of the currently low bitcoin (BTC) price by adding another BTC 480 to its coffers. The bitcoin purchase, worth around USD 10m, was made at an average price of USD 20,817 per coin, above the market price at the time of writing (12:20 UTC) of around USD 20,100,…
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Hedge funds that are attempting to make money by shorting the stablecoin tether (USDT) believe in the anti-tether ‘FUD’ (fear, uncertainty, and doubt) that is being spread, despite efforts to increase transparency, Tether chief technology officer Paolo Ardoino has said…. Read More: Tether is Fully Backed, Has ‘Never Failed a Redemption,’ CTO Tells Short…
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Mureau remains bullish on crypto’s outlook despite a severe bear market in recent months. For Maurice Mureau, CEO of crypto investment fund operator Hodl, there’s “not a lot left” to invest in anymore. With soaring inflation, bonds are no go, real estate is getting more difficult but there is one asset class that’s (unsurprisingly) catching…
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Bitcoin (BTC) and crypto-backed investment funds saw outflows of USD 423m last week, marking the largest weekly outflows on record “by a wide margin,” data from the digital asset investment firm CoinShares shows. Per the latest update from CoinShares, the large outflows were solely focused on BTC funds, with USD 453m in capital leaving…
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Sergey Vasylchuk is the Co-founder & CEO of the staking provider Everstake.______ As bitcoin (BTC) sunk below the USD 20,000 mark, the panicking voices filled with eschatological fervor seemed to come from around the community. The same USD 20,000 mark that five years ago looked like a pinnacle of cryptocurrency success is now a…
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Crypto lending has been one of the most prominent activities in crypto markets. The activity has developed over the years with several crypto lenders emerging to meet the demand for crypto loans. … Read More: 5 Risks to Know Before Using Centralized Crypto Lending Platforms Read more »Pay, Trade, Buy Bitcoin with Credit Card
Major crypto exchange Coinbase is introducing certain derivatives to retail clients on June 27. On Monday, Coinbase Derivatives Exchange will launch Nano Bitcoin futures (BIT) – its first listed crypto derivatives product, the company said…. Read More: Coinbase Readies Its Nano Bitcoin Futures for Retail Clients Read more »Pay, Trade, Buy Bitcoin with Credit…
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The newly launched short bitcoin (BTC) exchange-traded fund (ETF) from ProShares with the ticker BITI saw a slow start in the market on its first day of trading, before interest picked up noticeably on the second day…. Read More: Short Bitcoin ETF Sees Slow Start in Market Despite Bearish Outlook for Bitcoin Read more…
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