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2019 saw significant bitcoin derivatives action from firms like CME Group and Bakkt. This year, demand for CME’s bitcoin futures remains strong and the firm’s options products may be available this week. Additionally, Bakkt’s physically-delivered bitcoin futures have consistently seen growth in daily volumes and open interest in 2020. Despite the growth, institutional futures have … Read more
Ifinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually raised suspicion, now faces at least three ongoing legal battles. … Read more
Bitfinex is now being hit by two class-action lawsuits simultaneously, alleging it manipulated the BTC market in 2017 Go to Source Powered by WPeMatico
On January 6, digital currency markets saw decent gains as the entire crypto market capitalization surpassed the $200 billion mark at 3:50 p.m. EST. Since then most cryptocurrencies have tested heavy resistance and a slew of assets are being held back. Moreover, crypto trade volumes have increased significantly and there’s been roughly $83 billion in … Read more
Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however, … Read more
Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply currently sits at over 2.2 billion tokens, while the Omni equivalent stands at around 1.5 billion. The Tron network … Read more
During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents are still uncertain about the future trajectory and whether … Read more
Bitfinex adds additional information to KYC requirements Go to Source Powered by WPeMatico
Crypto exchange Bitfinex now enables its users to purchase cryptocurrencies with both credit and debit cards Go to Source Powered by WPeMatico
Digital currency prices plummeted on Tuesday, as cryptocurrency markets lost billions during the morning trading sessions, New York time. BTC dropped well below the $7k range and other digital assets followed BTC’s path with sharp losses. Crypto prices haven’t been this low since May as the market valuation of the entire cryptoconomy is struggling to … Read more
