Chicago-based derivatives exchange CME Group plans to launch options on Ethereum futures next month—just days before the long-awaited “merge” upgrade to the Ethereum network completes. CME Group, which is the world’s largest derivatives exchange, said Thursday that the product would launch on September 12, pending regulatory review. In the world of derivatives, futures contracts mean an investor has to buy…
This is an opinion editorial by Elsa Waldorf. On September 12, 2022, a seven-day trial will begin in Oslo, Norway between Craig Wright and the pseudonymous Bitcoiner, hodlonaut. Wright’s name might be familiar to readers, as well as the “space cat” hodlonaut on Twitter. This article will provide an overview of why this case is important beyond the names involved.…
Bitcoin (BTC) briefly broke above $25,000 on Aug. 15, but the excitement lasted less than an hour and was followed by a 5% retrace in the next five hours. The resistance level proved to be tougher than expected but may have given bulls false hope for the upcoming $335 million weekly options expiry. Investors’ fleeting optimism reverted to a sellers’…
Earlier this month, a group of crypto miners launched a campaign to resist Ethereum’s impending merge—an event that will end the practice of ETH mining—by forking the Ethereum network and creating an alternate, still-minable form of ETH in the process. The new token proposed by these miners, ETHW, at first attracted a fair amount of buzz. But barely a week…
Built With Bitcoin has completed a clean and sustainable water project in Nigeria. The Igbaruku community, with over 1,000 villagers, will no longer need to use a contaminated and unsafe water source that is miles away.The project was completed in May and cost around $6,000 in BTC at the time. The Built With Bitcoin Foundation has built a water well…
Bitcoin (BTC) long-term holders are knuckling down as a record portion of the BTC supply stays dormant for years. Data from on-chain analytics firm Glassnode confirms that the percentage of the supply now stationary for at least five years is higher than ever. 2017 BTC buyers not this year’s sellers Bitcoin has recovered almost 40% from its macro lows of…
Typically a lagging indicator of the sector’s health, the explosion of venture funding in the blockchain sector in 2021 and the first half of 2022 appears to be cooling off after seven consecutive sectors of growth. According to Cointelegraph Research, inflows in the blockchain venture capital market have declined by 43% month-on-month in July 2022. The Web3 sector, including GameFi…
On August 18, 2022, Bitcoin’s mining difficulty increased again after the 1.74% rise two weeks ago on August 4. At block height 749,952 at 7:07 a.m. (EST) the network’s mining difficulty rose by 0.63% from 28.17 trillion to 28.35 trillion Thursday morning. Bitcoin Network Records Second Consecutive Difficulty Increase Since August 4 Finding a bitcoin (BTC) block is a touch…
Major derivatives marketplace Chicago Mercantile Exchange Group intends to launch options trading for its Ether (ETH) futures products. In a Thursday announcement, the CME Group said that subject to regulatory review, it plans to launch options contracts for its Ether futures, sized at 50 ETH per contract. The futures options, expected to start trading on Sept. 12, will follow the firm launching…
HUSD has become the latest stablecoin to lose its parity with the U.S. dollar, tumbling by as much as 14.7% on Thursday, according to data from CoinMarketCap. Issued by the Hong Kong-based Stable Universal, HUSD is an ERC-20 token on the Ethereum blockchain marketed as a “safe and secure stablecoin” that combines the stability of the U.S. dollar with the…
