Bitcoin Futures Flash Bullish As Binance Sets $700 Million Daily Record

Cryptocurrency exchange Binance surprised analysts this week after its Bitcoin futures set an unlikely trading record. Binance Bucks Negative Market Mood According to data from market analyst Skew on October 15, Binance’s BTCUSD product traded over $700 million on Tuesday alone. The figure marks a new record for the exchange, which debuted its futures last […]

Continue Reading

Ethereum (ETH) Is A Commodity, Declares CFTC Chairman

Bitcoin and its underlying blockchain technology are becoming increasingly prominent in the financial sector, particularly in the derivatives market. Now, it may be Ethereum’s turn to shine. The U.S. Commodity Futures Trading Commission (CFTC) has declared ETH a commodity.  Ether Derivatives To Happen Soon The CTFC is the agency of the U.S. government in charge […]

Continue Reading

BitMEX, Binance Bosses Duke It Out On Twitter

Cryptocurrency exchange Binance has sparked the wrath of BitMEX, one of its biggest competitors after claiming to have invented an essential bitcoin trading tool.  Hayes to CZ: Attend My Bitcoin Derivatives Trading 101 In a Twitter debate which continues to play out, Changpeng Zhao, known as CZ in cryptocurrency circles went head to head with […]

Continue Reading

Bakkt Launch – The Countdown Begins With Just 7 Days To Go

For most people, a week isn’t a long time. But in the fast-paced world of bitcoin and cryptocurrency, it’s enough to change the face of everything with just seven days left until the Bakkt launch. Seven Days Until the Bakkt Launch As tweeted out by Bitcoin quant expert Plan B, there are just seven business days […]

Continue Reading

Bitcoin Price Could Shift From $10K As Futures And ETFs Sway Markets

Bitcoin is settling around $10,000, and the chances of a major bull market in 2019 are all but over, new market data suggests. $20K Bitcoin ‘93% Unlikely’ This Year According to the analytics resource Skew, institutional investors are the latest cohort to flash more bearish about Bitcoin’s 00 prospects for the rest of this year.  […]

Continue Reading

Is Bitcoin Price Rally Running Out of Gas? May be

Mike McGlone believes Bitcoin’s current volatility is unsustainable and as it tapers off BTC price will enter an extended period of consolidation. Bitcoin Price will Drop as Volatility Dries Up Earlier this week Bloomberg Intelligence senior commodity strategist Mike McGlone cast doubt on the widely held belief that Bitcoin is destined to the moon to […]

Continue Reading

Bitcoin Futures Activity Dictating Market Direction as Price Hits $12,000

It has been another day of gains on crypto markets and yet again bitcoin price is surging. Just like yesterday, traders in Asia are dictating movements as BTC shot past $12,000 a couple of hours ago. Asian Trading Moving Bitcoin A virtually identical shift in price action has happened again in Asia as bitcoin lifted […]

Continue Reading

Failure to Launch: The LedgerX Controversy

LedgerX CEO, Paul Chou, is really mad and apparently his company is not offering physically-settled Bitcoin futures contracts yet… Failure to Launch On Thursday LedgerX CEO Paul Chou sent out a series of tweets explaining the current LedgerX controversy and his decision to sue the Commodity Futures Trading Commission (CFTC) for what he calls ‘anti-competitive […]

Continue Reading

Institutional Bitcoin Short-Selling Surged in Q4 2018

Intitutional interest in bitcoin soared in Q4 of 2018, particularly for short-selling, Genesis Trading revealed in their latest report. Q4 Bitcoin Loan Demand Increased Over 100% Genesis Capital, an affiliate of Genesis Trading, offers institutions access to the ability to borrow bitcoin 00 and other digital currencies in “large sizes” over fixed terms. In other […]

Continue Reading

Bakkt Raises $182.5M From Microsoft And Other Big-Name Investors

Bakkt on Monday announced the completion of its first funding round, to the tune of $182.5 million. The platform which aims to offer the first-ever Bitcoin-settled futures contracts in the coming year says it is going ahead with its plans irrespective of the current market conditions. $182.5 Million in Funding From High Profile Investors In […]

Continue Reading