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Interest in Chicago Mercantile Exchange’s (CME) Bitcoin futures has continued to surge, demonstrating a continued involvement from institutional investors who were previously wary of the asset due to its volatility and other risks.
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Indulge us in this Friday Afternoon Moment of Conjecture. The “Baron of Bitcoin,” Dave Portnoy of Barstool Sports, claimed on Twitter yesterday that he had bought at least $1 million worth of Bitcoin.
“I’m 7 figures deep now in this stuff,” he tweeted.
Wyre creates the payment APIs that make many a crypto app tick, with partners such as MetaMask, MakerDAO, Compound, Coinlist, and OpenSea on its extensive list of allies. And soon, you may see those apps offer savings sub-accounts to earn you interest on your cryptocurrency holdings.
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Nearly all unspent transaction outputs (UTXO) in the Bitcoin (BTC) blockchain are currently profitable, meaning that 95% of those funds were received by users when BTC was worth less than today, according to crypto analytics platform Glassnode.
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President Trump has pledged to cut capital gains tax on the proviso that he secures a second term in the oval office. It’s a long shot, but if this were to happen, the upshot on Bitcoin could be significant.
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Decentralized exchanges (DEXs) enjoyed more trading volume in the past week, than in the whole of last year, according to data from Dune Analytics.
Record-beating DEX trading volumes are becoming a daily occurrence, thanks to the booming Decentralized Finance (DeFi) space.
The total value of outstanding Ethereum (ETH) futures contracts has reached an all-time high of $1.5 billion today, according to crypto analytics platform Skew.
Also known as open interest, this figure reflects the current total value of Ethereum futures that have not been settled yet.
Swipe wallet and crypto debit card platform has integrated Chainlink (LINK) data oracles to improve the accuracy of reward issuance and token burns.
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The long-anticipated digital yuan will be piloted in more cities across the country, announced China’s ministry of commerce on August 14.
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Key Takeaways
BitMEX is implementing mandatory KYC for all users, irrespective of trading size.
Moving in the direction of regulatory requirements can catapult the exchange into a playground for hedge funds.