Data provided by Skew Analytics revealed that open bitcoin futures interest amounted to $5.4 billion, close to the all-time high of $5.7 billion on Thursday, 3 November. Over the next two weeks, the open interest remained above $5 billion, reflecting investors' interest in digital assets. Messari’s
History may be repeating itself as bitcoin surged over $14,000 within two hours of polling places beginning to close across several US states. The recent sharp rise in bitcoin price is probably due to the influence of the US presidential election and the open-up move of traditional financial institutions
Republican Senate candidate Cynthia Lummis likely won the US Senate seat from the state of Wyoming, with the endorsement of President Trump. She could be the biggest Bitcoin advocate in the Senate. Lummis got into bitcoin in 2013 and is now a Bitcoin holder. The senator-elect sees the cryptocurrency as
The South Korean financial watchdog said it will ban privacy coins linked to exchanges it oversees such as Zcash (ZEC), Monero (XMR), and Dash (DASH). The aim is to reduce and manage the risk of money laundering using digital assets. Under the new rules, virtual asset service providers in South
The University of Wyoming has established a new center for blockchain and digital innovation center to provide educational programs and training for the future workforce on blockchain applications. Development for technical graduate certificates as well as a joint law and master’s degree is underway, alongside academic corporations with other
Despite the stock market's plunge before the US presidential election, the Bitcoin market is turning bullish during the election season. As voting day begins, Bitcoin prices have increased by about 5%, compared to the previous week. Many Americans increasingly feel uncertain about the country's future, which
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Venezuelan authorities announced the integration of Bitcoin and Litecoin wallets into the nation's Patria’s Cryptocurrency Remittance Platform, in an effort to boost national crypto adoption. The incorporation will also see the release of an, “...implementation of a service commission for all operations carried out in the Petro,
If you want to convert Bitcoin to Naira it is very simple. All you have to do is go to a currency conversion site that supports both Bitcoin and the Naira, and enter the amounts that suit your needs. For example, you can use XE.com to make a conversion
The Reserve Bank of Australia (RBA) announced its partnership with Commonwealth Bank, National Australian Bank, Perpetual and ConsenSys Software, a blockchain technology company, on a project which involves issuing CBDC encryption that can be used by wholesale market participants on a Ethereum-based DLT platform. The project aims to offer crypto
Chinese-founded cryptocurrency exchange Huobi has denied rumors that one of its senior executives was under arrest. In response to these concerns, the exchange stated that all allegations and rumors are groundless and fabricated, pointing out that all executives are accounted for. The platform also saw a massive spike in Bitcoin
Global payment giant PayPal continues to take the spotlight as the firm’s senior executive disclosed further details on its strategy to make an aggressive step into the crypto industry in early 2021, with CBDC development underway. “CBDCs (...) are a matter of when and how they’re done, and not
Bitcoin’s recent bull run that brought it close to $14,000 has shaken the crypto market. Many traders are predicting that a pullback could happen due to the CME futures gap theory. Bitcoin network is about to mark its weakest point in history, according to another crypto-asset analyst. Miner
Binance previously announced the launch of HARD protocol on its Launchpool platform. Any Binance user can join the yield farming platform and earn DeFi Staking perks such as KAVA, BNB, BUSD and others, in exchange for HARD token rewards. The HARD Protocol is pioneering a cross-chain money market globally where
The focus of the crypto market has suddenly shifted back to Bitcoin (BTC) after the past few months of Decentralized Finance (DeFi) market dominance. With the US election coming up, many investors may believe bitcoin prices will plunge soon. Selling pressure weighed as Bitcoin may have hit a strong resistance
Data provided for the last 45 days by Science Markets co-founder Bitdealer shows consistent DeFi negative price action when compared to Bitcoin. The BTC rally has become a big threat to a DeFi recovery as the price of Bitcoin has moved higher in the short term, perhaps causing the DeFi
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The Reserve Bank of Australia, or RBA, announced strategic partnerships with Commonwealth Bank, National Australia Bank, investment group Perpetual, and technology firm ConsenSys to research the potential of CBDC use, “for a wholesale CBDC in the Australian payments system.” While the financial institution stated that there were no substantial policy