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Ethereum Price Hits 2-Year High as ETH Futures Open Interest Tops $1.5B

Source Node: https://cointelegraph.com/news/ethereum-price-hits-2-year-high-as-eth-futures-open-interest-tops-15b
Time Stamp: August 14, 2020 5:26 PM - Modified On: May 21, 2021 - Published By:
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Today the price of Ethereum’s Ether (ETH) hit a two-year high according to data from crypto trading terminal Crryptowatch. Despite the breakout to $445, open interest on ETH futures remains steady at a new record high of $1.5 billion.ETH-USD 4-hour chart. Source: TradingView.comThe record high open interest on ETH futures hints that traders remain bullish and further gains could be seen over the coming days.In recent months, Ethereum has seen strong momentum due to the explosive growth of the Decentralized Finance sector. The demand for Ether led to a sharp

What is Ferrum Network? A Guide to High-speed DeFi

Source Node: https://www.asiacryptotoday.com/ferrum-network-frm/
Time Stamp: August 14, 2020 2:53 AM - Modified On: May 21, 2021 - Published By:
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Decentralized finance has risen to become one of the foremost active sectors in the crypto space. With the establishment of decentralized ecosystems with global network effects and interoperability, they have successfully penetrated the fintech industry. One very interesting  DeFi project is Ferrum Network. Ferrum’s revolutionary technology brings networks together, for a consistently high-speed and low-cost transaction experience for each digital asset. It aims to overcome current problems in cryptocurrency usage in real-world finance applications. Table of Contents Background Founder Naiem Yeganeh, along with Co-Founder and COO Ian Friend, laid the

Gold’s Sharp Rebound After Rout Hints Bitcoin En Route to $12K

Source Node: https://bitcoinist.com/golds-sharp-rebound-after-rout-hints-bitcoin-en-route-to-12k/?utm_source=rss&utm_medium=rss&utm_campaign=golds-sharp-rebound-after-rout-hints-bitcoin-en-route-to-12k
Time Stamp: August 13, 2020 2:01 AM - Modified On: May 21, 2021 - Published By:
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Gold’s sharp rebound after logging its biggest plunge in 7 years left Bitcoin (Symbol: BTCUSD) in a comfortable space. The benchmark cryptocurrency seemingly copied the precious metal’s retracement moves during the Wednesday session. At one point in time, it was trading at $11,148 (data from Coinbase), down 7.76 percent from its weekly top. But it bounced back ahead of the New York session, rising about 4.54 percent from its intraday low. The same happened to gold (Symbol: XAUUSD). The metal plunged by more than 10 percent from its record high

VeChain & Oxford Announce New Framework to Assess Consensus Protocols

Source Node: https://beincrypto.com/vechain-oxford-announce-new-framework-to-assess-consensus-protocols/
Time Stamp: August 12, 2020 9:14 AM - Modified On: May 21, 2021 - Published By:
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Since 2018, VeChain has partnered with the Mathematical Institute at Oxford University to carry out research and provide independent scientific advice. As of August 11, it appears this collaboration is beginning to pay dividends. Yesterday, the VeChain Foundation tweeted, “with the purpose of supporting the #blockchain industry, #VeChain and the University of Oxford releases AlphaBlock – our joint research paper on blockchain consensus”. Source: Oxford University In a blog post, VeChain went on to detail the need for its proposed AlfaBlock framework, “considering the pivotal role of consensus protocols in

Institutional FOMO? CME Bitcoin Futures Open Interest Soars to $841M

Source Node: https://cointelegraph.com/news/institutional-fomo-cme-bitcoin-futures-open-interest-soars-to-841m
Time Stamp: August 11, 2020 8:15 PM - Modified On: May 21, 2021 - Published By:
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Today the open interest on Chicago Mercantile Exchange Bitcoin (BTC) futures reached a new all-time high at $841 million. Although this can't be deemed bullish on a standalone basis, it does signal that professional investors' interest in Bitcoin continues to grow at an immense rate. Further proof of this comes as MicroStrategy, a Nasdaq-listed company worth more than $1.2 billion, announced the acquisition of 21,000 Bitcoin for $250M. This shows that regardless of what critics have said about cryptocurrencies, savvy investors and entrepreneurs have recently built sizable positions in Bitcoin and some altcoins.CME

With Value Approach, Off The Chain Capital Is Changing The Bitcoin Investment Narrative

Source Node: https://bitcoinmagazine.com/articles/with-value-approach-off-the-chain-capital-is-changing-the-bitcoin-investment-narrative?utm_source=rss&utm_medium=rss&utm_campaign=with-value-approach-off-the-chain-capital-is-changing-the-bitcoin-investment-narrative
Time Stamp: August 11, 2020 12:44 PM - Modified On: May 21, 2021 - Published By:
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When viewed from a traditional investing lens, bitcoin may seem like a risky bet. The technology is still relatively new, the price is notoriously volatile and it’s not uncommon to hear investors caution newcomers not to invest more than they can afford to lose in BTC.But the performance of Off The Chain Capital, a digital currency investment firm that focuses on value investing in bitcoin, tells a different story. As one of the best-performing funds in the space, it has shown that reliable performance and BTC can go hand in

Bitcoin May Start a New Consolidation Trend After Facing Another $12k Rejection

Source Node: https://bitcoinist.com/bitcoin-may-start-a-new-consolidation-trend-after-facing-another-12k-rejection/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-may-start-a-new-consolidation-trend-after-facing-another-12k-rejection
Time Stamp: August 10, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is currently consolidating beneath $12,000 after facing a slight rejection at this level overnight The cryptocurrency has been struggling to break above this resistance for over a week One analyst is now noting that the resistance here may hold strong for the days to come, with BTC now kicking off a new consolidation phase Once the benchmark digital asset can break above this level, analysts are noting that a move to $13,000 will likely take place rapidly Bitcoin is currently facing some lackluster price action as it trades just

Number of Bitcoin Cash Whales Drop Following 39% Price Surge

Source Node: https://cointelegraph.com/news/number-of-bitcoin-cash-whales-drop-following-39-price-surge
Time Stamp: August 9, 2020 11:58 PM - Modified On: May 21, 2021 - Published By:
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Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings. According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 10,000-100,000 Bitcoin Cash (BCH) — roughly $3-30 million — has fallen by 10 since Aug. 1. The drop comes after the token surged 38.7% from $224.46 on July 17 to a three-month high of $311.34 on July 31, implying that a number of whales

Bitcoin Erupts Past $12,000: Here’s What Analysts Think Comes Next

Source Node: https://bitcoinist.com/bitcoin-erupts-12000-analysts-comes-next/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-erupts-12000-analysts-comes-next
Time Stamp: August 9, 2020 10:14 PM - Modified On: May 21, 2021 - Published By:
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Just hours after the daily candle close, Bitcoin has begun to erupt higher. The cryptocurrency just minutes ago crossed above $12,000 for the first time since the flash crash on August 2nd. BTC bulls are believed to be in control after Bitcoin closed the weekly candle above the ever-important $11,500 level. Analysts think that Bitcoin will continue higher as long as $11,500 holds. Bitcoin Surges Past $12,000 Just minutes ago, Bitcoin broke past $12,000 for the first time since the August 2nd flash crash. The cryptocurrency is now up 3%

The Price of Bitcoin Is Facing Its Final Resistance Zone Before $15K

Source Node: https://cointelegraph.com/news/the-price-of-bitcoin-is-facing-its-final-resistance-zone-before-15k
Time Stamp: August 8, 2020 10:41 AM - Modified On: May 21, 2021 - Published By:
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The price of Bitcoin (BTC) is facing its final resistance zone until the bull market is on fire. However, will it break through this resistance zone in one attempt? The charts suggest that the $11,600-12,000 area is a crucial level to break if the price of BTC is to continue moving higher. As the price of Bitcoin couldn’t break through that resistance zone, a slight drop occurred on Friday from $11,900 to $11,350, after which BTC has managed to pare most of the losses since.Crypto market daily performance. Source: Coin360Bitcoin faces