Bitcoin Futures Open Interest Reaches Highest Level in Over 2 Years, Tops $21 Billion
14.2.2024
The notional open interest, which represents the dollar value locked in active Bitcoin (BTC) futures contracts, has surged to its highest level in more than two years. According to data by CoinGlass, the open interest in both perpetuals and standard futures has surpassed $21 billion, a level last...
Layer-2 Chain Starknet's Much-Awaited STRK Token Airdrop Coming Next Week
14.2.2024
The airdrop will happen on Feb.20, and eligible users have until June 20 to claim their tokens
New Crypto Mining Sensation BlockDAG Coin Expected to Surge 100x to $0.05, Beats Bitcoin and Litecoin Returns
14.2.2024
Crypto mining has quickly gone from an obscure industry to an industry so big that Bitcoin (BTC) mining alone consumes over 0.6% of the United States’s electricity, not to mention other minable coins such as Litecoin (LTC). Similarly to investing in energy stocks, mining crypto pits the allure...
Pandora’s ERC-404 Token Surges with $190M Trading Volume Within a Week of Launch: Nansen
14.2.2024
Pandora, an experimental hybrid token based on the ERC404 standard, has experienced a surge in trading volume since its deployment on February 2. Within just one week, the token’s fully diluted valuation soared to over $320 million, making it one of the most talked-about projects in...
US Treasury to Discuss Crypto Finance Concerns at Congressional Hearing
14.2.2024
The United States Treasury is gearing up to address Congress on the emerging challenges posed by cryptocurrencies to existing financial regulatory frameworks. In his prepared testimony for the House Financial Services Committee, Brian Nelson, Treasury’s Under Secretary for Terrorism...
Torrevieja to Become the First Crypto Friendly City in Spain
14.2.2024
Torrevieja, a city of almost 90,000 inhabitants, aims to become one of the first crypto-friendly locations in Spain. The city, in alliance with Apymeco, its merchant association, will incentivize using cryptocurrency as a payment option and give courses for stores interested in learning how...
Bitcoin Futures Open Interest Tops $21B, Highest Since November 2021
14.2.2024
While notional open interest has surged, the overall leverage build-up is still relatively low
FOMC Likely to Keep Rates Unchanged in March After Hot Inflation Report
14.2.2024
Wall Street braced for a chilly reality as hotter-than-expected inflation data sent major indexes tumbling on Tuesday. The Labor Department report revealed US consumer prices surged in January, exceeding forecasts and fueled by rising shelter costs. This unexpected heatwave extinguished...
Spot Bitcoin ETFs Contribute 5% of Crypto Trading Volume on Robinhood: CFO
14.2.2024
Robinhood on Tuesday revealed that about 5% of its total crypto trading activity originates from recently introduced spot Bitcoin ETFs. The remaining 95% still stems from spot trading conducted within the platform’s crypto division. During the quarterly earnings call, CFO Jason Warnick said...
FinCEN Sees Rise in Bitcoin Being Used in Human Trafficking Cases
14.2.2024
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) said it has seen a rise in the number of Bitcoin transactions used in connection with human trafficking and online child exploitation cases. According to FinCEN recent findings show 95% of cases involving online child exploitation...
Bitcoin Price Prediction as BTC Eyes Surpassing Meta in Total Market Cap – $1 Million BTC Incoming?
14.2.2024
As of Wednesday, Bitcoin’s trading value slightly declined to $49,540, marking less than 1% decrease. This fluctuation comes amidst a backdrop of significant developments within the crypto space and broader financial markets. Notably, recent reports from the Financial Crimes Enforcement...
Zimbabwe to Launch ‘Structured Currency’ Linked to Gold, Says Finance Minister
14.2.2024
The Zimbabwean government plans to launch what it calls a “structured currency.” Some commentators and social media users have expressed skepticism over the government’s latest currency plans. Zimbabwe’s Structured Currency The Zimbabwean Finance Minister, Mtuli Ncube, has said...