Bitcoin price dip may end Wednesday as Bitfinex bids hint at Fed ‘buy the news’ plans
Bitfinex traders are betting on some upside following Wednesday’s Federal Reserve comments on inflation and asset purchases. Go to Source Powered by WPeMatico
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5 Crypto Exchanges Custody 1.6 Million Bitcoin or Close to 8% of the Capped Supply
As of December 12, around 90% of all the bitcoin that will ever exist is in circulation today, and the top five exchanges hold 1.6 million bitcoin. The bitcoin holdings on Coinbase, Binance, Huobi, Kraken, and Okex combined represent 7.96% of the 21 million bitcoin supply cap. The bitcoin held by Coinbase is a whopping … Read more
2 key Bitcoin trading metrics suggest BTC price has bottomed
Bitcoin price has yet to reclaim the $50,000 level, but the actions of options market makers and margin traders at Bitfinex suggest the most recent correction is over. Go to Source Powered by WPeMatico
El Salvador to Issue $1 Billion Bitcoin Bond to Fund ‘Bitcoin City’
President Nayib Bukele, of El Salvador, announced yesterday he would issue a $1 billion “Bitcoin Bond” to build the first Bitcoin City in the world. The city would feature no taxes of any kind except VAT, and it would be carbon neutral, with most of the energy powering it coming from geothermal sources. Bukele also … Read more
Two firms account for the majority of Tether received: Report
A new study by Protos claims that Tether flow is dominated by just two firms, Alameda Research and Cumberland. Go to Source Powered by WPeMatico
BTC Futures Open Interest Continues to Rise Following Bitcoin ETF Listings Last Month
Bitcoin futures open interest continues to remain high after the launch of the first bitcoin exchange-traded fund (ETF) on October 22. While Binance commands $5.81 billion and leads the pack, CME Group holds the second-largest position in terms of bitcoin futures open interest (OI) with $4.1 billion or 16.84% of the aggregate OI. Top Ten … Read more
MetaMask integrates with Bitfinex Pay amid growing demand for crypto payments
MetaMask has played a pivotal role in onboarding millions of new users to the cryptocurrency and decentralized finance markets. Go to Source Powered by WPeMatico
Crypto exchange Bitfinex testing new AML compliance tool
Launched in production in 2020, Notabene’s Travel Rule solution now processes transactions between 50 crypto exchanges. Go to Source Powered by WPeMatico
As the Crypto Economy Nears $3 Trillion, Top 10 Crypto Exchanges Hold Over $206B, More Than 7%
The crypto economy has come awfully close to nearing the $3 trillion handle as far as the value of all 10,000+ crypto assets is concerned. Today, crypto market aggregation sites show the entire crypto-economy at $2.756 trillion is worth more than the value of Apple’s market cap at $2.467. Furthermore, the top ten crypto-asset exchanges, … Read more
CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million
On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the … Read more