Bitcoin (BTC) avoided losses as United States equities dived on the July 14 Wall Street open, but traders remained nervous. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: “No way” Bitcoin bottomed at $17,500 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered around $20,000 on the day. Wall Street opened with losses, the S&P 500 and Nasdaq…
gm: Binance CEO CZ Talks Bailouts, Regulator Demands, and Simulation Theory In an extensive conversation with Dan Roberts and Stacy Elliott, Binance CEO CZ talks global and US regulation, Binance HQ locations, crypto bailouts and how he approaches deals, the sports marketing push by big crypto exchanges and why Binance went slower, and why he believes we live in a…
CleanSpark has purchased over 1,061 Whatminers adding 93 PH/s to its mining capacity. Last month the company purchased an additional 1,800 Antminer S19 XP units.Over the past six months’ CleanSpark has increased its mining capacity by 47% and BTC production by 50%. Sustainable bitcoin mining company CleanSpark Incorporated (Nasdaq: CLSK) just added 93 petahashes per second (PH/s) of computing power…
Tl;dr: Perpetuals futures are financial instruments that have become increasingly popular in the crypto space. Coinbase demonstrates a hypothetical simple delta neutral strategy which takes advantage of positively skewed funding rates in the perpetual futures market to achieve a high return on investment. By The Coinbase Data Science Quantitative Research Team Systematic Trading Strategy A systematic trading strategy is a…
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin’s carbon footprint in Europe, suggesting a ban on proof-of-work mining is probable. Growth of Stablecoins, Defi Warrants Regulation and Supervision, ECB Says…
Despite some level of regulatory uncertainty around cryptocurrency in the Philippines, one platform has recorded a massive influx of Bitcoin (BTC) trading activity recently. Bitcoin trading volumes in the Philippines have been on the rise over the past few months on the major peer-to-peer (P2P) crypto exchange Paxful. According to data from the Bitcoin tracking website Coin Dance, Bitcoin trading…
Cryptocurrency exchange Bitfinex has donated 36 Bitcoin (BTC) and $600,000 worth of Tether (USDT) to small businesses in El Salvador as part of a broader pledge to support economic development in neighborhoods that have struggled with gang-related violence. The funds are being distributed in the socially-deprived communities of Ilopango, Soyapango and Apopa, where gang violence and extortion of small business…
While Ethereum (ETH) being down almost 40% against Bitcoin (BTC) may give ETH traders some worries, crypto community members on Twitter shared their takes on the possibility of the smart contract platform eventually surpassing the king of crypto assets. On Twitter, the Cointelegraph social team asked the crypto community to share their thoughts on whether Ethereum can eventually surpass Bitcoin.…
BNB Chain has launched a new platform, DappBay, to discover new Web3 projects with a novel feature called Red Alarm. The new alarm assesses project risk levels in real time and alerts users of potentially risky decentralized applications (DApps), according to a Thursday announcement. Red Alarm is a contract risk scanning tool offered by DappBay that helps users identify high-risk…
South Park’s new episode “The Streaming Wars Part 2” pillories a handful of celebrities who have recently endorsed crypto, including Hollywood legends Matt Damon, Gwyneth Paltrow and Reese Witherspoon. The episode spends the most time on Matt Damon, alluding to his widely-panned advert for Crypto.com, in which he tells viewers that “fortune favors the brave” while comparing crypto investors to…
