Demand

BTC and ETH Crypto Derivatives in Demand, Market Expected to Grow Further

Source Node: https://cointelegraph.com/news/btc-and-eth-crypto-derivatives-in-demand-market-expected-to-grow-further
Time Stamp: August 8, 2020 12:42 PM - Modified On: May 21, 2021 - Published By:
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The crypto options market has been evolving rapidly over the second quarter of 2020. According to TokenInsight’s recent crypto derivatives industry report, trading volumes are seeing a 166% year-on-year increase compared to Q2 2019. The derivative products driving these volumes are futures and options. While futures grow with traders betting on a bullish price sentiment, both open interest and volumes of options have reached all-time highs.All-time highs On Wednesday, open interest in Ether (ETH) options hit an all-time high of $351 million on Deribit and $37 million on OKEx. In fact, open

Ransomware Attacks Demanding Crypto Are Unfortunately Here to Stay

Source Node: https://cointelegraph.com/news/ransomware-attacks-demanding-crypto-are-unfortunately-here-to-stay
Time Stamp: August 8, 2020 3:00 AM - Modified On: May 21, 2021 - Published By:
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Year after year, the ransomware landscape changes dramatically. In 2019, a new resurgence of attacks occurred as businesses and government institutions became the main targets of ransomware, given their capacity to yield larger payouts. The most recent attack was against Garmin, a navigation systems company, on July 23. Due to the attack, many of its online services such as customer support, website functions and company communications were affected. Reportedly, the Russian cybergang Evil Corp launched the attack, demanding $10 million in cryptocurrency to restore access to Garmin’s services. Overall, according to a

Two Macro Calls That Could Propel Bitcoin to $14,000 This Year

Source Node: https://bitcoinist.com/two-macro-calls-that-could-propel-bitcoin-to-14000-this-year/?utm_source=rss&utm_medium=rss&utm_campaign=two-macro-calls-that-could-propel-bitcoin-to-14000-this-year
Time Stamp: August 7, 2020 1:42 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin may hit $14,000 in the coming quarter. The analogy appears out of two extremely bullish calls made for the US dollar and Gold. Bitcoin has shown an extreme correlation with the two macro assets this year. Bitcoin may have some fuel left to continue its 2020’s run-up towards the $14,000-mark. The level–last approached in 2019 against the backdrop of an escalating US-China trade war and falling yuan– has fallen back into the radar of Bitcoin bulls. Only this time, the weakening US dollar has replaced its Chinese counterpart as

Bullish For Bitcoin: BTC Supply Slowly Shifts From Whales Toward Smaller Entities

Source Node: https://bitcoinist.com/bullish-for-bitcoin-btc-supply-slowly-shifts-from-whales-toward-smaller-entities/?utm_source=rss&utm_medium=rss&utm_campaign=bullish-for-bitcoin-btc-supply-slowly-shifts-from-whales-toward-smaller-entities
Time Stamp: August 6, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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New data shows that the amount of Bitcoin held by smaller entities has grown significantly. Meanwhile, during the same time, whale-sized BTC wallets declined by a similar margin. Clearly, there’s been a sizable shift in supply, but what exactly does this crypto wealth transfer signify? And is this bullish or bearish for the first-ever cryptocurrency? Supply Restrictions Give Cryptocurrencies Added Value That Isn’t Fully Understood Out of all of Bitcoin’s unique attributes that give it inherent value, nothing compares to the asset’s hard-capped, 21 million BTC supply. Various supply-based valuation

Bitcoin Eyes $14K as US Dollar Breaks Below Classic Support

Source Node: https://bitcoinist.com/bitcoin-eyes-14k-as-us-dollar-breaks-below-classic-support/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-eyes-14k-as-us-dollar-breaks-below-classic-support
Time Stamp: August 6, 2020 1:26 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin pressed higher on Wednesday after finding reliable support at $10,500. The upside move appeared as the US dollar index broke below its classic trendline support that originated back in 2011. With greenback setting new downside targets based on technical parameters, Bitcoin could extend its gains further as it eyes a $14,000-retest. Bitcoin climbed higher during the Wednesday trading session as demand for alternative safe-havens remained stronger against an underperforming US dollar. The benchmark cryptocurrency rose 5 percent to close at $11,756.75 (data from Coinbase). Its gains followed a record

InstaDapp Guide: Bridge to All DeFi Platforms

Source Node: https://www.asiacryptotoday.com/instadapp-guide-bridge-to-all-defi-platforms/
Time Stamp: August 5, 2020 11:21 PM - Modified On: May 21, 2021 - Published By:
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One of the drawbacks of decentralized finance (DeFi) protocols today is that you need different platforms to perform specific functions instead of having them all in one place. And that’s the problem that Instadapp is trying to solve. Instadapp is a DeFi platform that provides users and developers with a single point of integration to access all the DeFi protocols. As we are in the early days of the decentralized web, Instadapp aims to be a window into multiple DeFi services — tools that make transactions of crypto assets easier.

dYdX Full Guide: A DeFi Margin DEX

Source Node: https://www.asiacryptotoday.com/dydx-guide/
Time Stamp: August 5, 2020 6:52 AM - Modified On: May 21, 2021 - Published By:
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DeFi protocol dYdX might seem like another trading and lending platform based on Ethereum, but that’ only the tip of the iceberg. Probing further, you’ll find out that this protocol is challenging the status quo to take Decentralized Finance to new heights. Margin trading, derivatives, and options are the relevant tools that power traders use. Unfortunately, in the crypto space, these tools are mostly available only on centralized exchanges like Binance, Huobi, and Kraken. With dYdX, the entire traditional trading spectacle is now built in a permissionless and decentralized mechanism. Table

Ethereum eSports Betting: How to Get Started

Source Node: https://bitcoinchaser.com/ethereum-esports-betting/
Time Stamp: August 4, 2020 10:33 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Nowadays, if you are interested in gambling, it’s hard to say you have never heard of cryptocurrency. It is no longer the question of what is cryptocurrency but rather which cryptocurrency is the best option. When you looking at one’s financial options, it is hard to make a blanket call on what is the best route to go, but as far as what we can see, when it comes to online gambling one of the best and most rewarding routes to go would be making use of Ethereum in the

Bitcoin is Overvalued at $11,000, Analyst Explains Why

Source Node: https://bitcoinist.com/bitcoin-is-overvalued-at-11000-analyst-explains-why/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-is-overvalued-at-11000-analyst-explains-why
Time Stamp: August 4, 2020 4:44 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin stands overvalued at $11,000 in the short-term, according to analysts at Phi Deltalytics. The statement followed a drop in net positions on Chicago Mercantile Exchange’s Bitcoin Futures last week. It showed institutional investors are bearish, a sentiment that amounts to a correction in the Bitcoin market. A cheerful Bitcoin price rally above $11,000 is unlikely to sustain in the short-term, according to analysts at Phi Deltalytics. Bitcoin CME Positions Fall The crypto-focused investment consultation portal said the BTC/USD stands overvalued above $11,000. It reasoned the analogy with a drop

UBS Expects Gold to Hit $2,000; What Does It Mean for Bitcoin?

Source Node: https://bitcoinist.com/ubs-expects-gold-to-hit-2000-what-does-it-mean-for-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=ubs-expects-gold-to-hit-2000-what-does-it-mean-for-bitcoin
Time Stamp: August 4, 2020 2:50 AM - Modified On: May 21, 2021 - Published By:
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UBS Global predicts that gold would climb to $2,000, at least by September, just as the metal’s correlation with Bitcoin reaches a new high. Wayne Gordan, executive director of Commodities and Forex at UBS, projected negative US real yields as the core reason behind the increasing bids for gold. The other key point, Mr. Gordon stated, is the ongoing plunge in the US dollar. Bitcoin traders should brace for a decent upside momentum led by the gold market. It is because of the increasing realized correlation between the two assets.