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March Crypto Digest: Bitfinex Shimmers, HitBTC Announces Demo Platform, Binance Wins New Partners

In this digest, we will look at some of the major new developments amongst major crypto exchanges that were implemented in the past month.During this uncertain time, many companies in the crypto industry are continuing to develop their technology further and implement more innovative features for their users. This crypto digest will guide you through the major stories of March 2020.Shimmer on RustAlso, this month crypto exchange Bitfinex announced the deployment of its proprietary market...

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CME Group Looks to Unveil Its Own Token and Extract Cryptocurrency

The CME Group in Chicago, Illinois, is proving to be one of the biggest and most influential establishments in the entire crypto community.The CME Group Is Heading for the TopThe company has gone on to break all kinds of records with its latest bitcoin futures options, which became available in late January of this year. The firm has already managed to outdo the likes of Bakkt, which arguably had greater publicity going into the bitcoin futures market and had more of a leadup before its doors...

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Is Samsung Quietly Becoming a Significant Player in the Cryptocurrency and Blockchain Industry?

It seems that Samsung range of smartphones might be the first of many to hit the market in the years to come owing, among other things, to blockchain and crypto adoption by the company.For some time, competition between tech giants has been predominantly focused on smartphone specifications and improving features such as camera specs, screen size, and resolutions. However, Korean technology giants Samsung, the creators of the Galaxy smartphone range could potentially become one of the most...

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Bitcoin Futures Trading Takes a Massive Nosedive

It looks like the popularity of bitcoin futures has taken a turn for the worse.Bitcoin Futures Trading Reaches New LowsCME Group in Chicago, Illinois reports that only three bitcoin futures were traded last Tuesday. Approximately 80 bitcoin units were involved in the contracts, totaling approximately $80,000 at the time of the trades. This, according to CME Group, establishes a new low for the company, beating the previous record of $125,000 BTC posted in late January.While CME still boasts...

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Bakkt’s Ex-CEO, Sen. Kelly Loeffler Reportedly Dumped Millions in Stock Following COVID-19 Briefing

The recent economic meltdown, largely associated with the outbreak of the novel coronavirus (COVID-19) saw major companies lose a huge chunk of their stock value. Hence, a lot of investors were exposed to serious risks as their portfolios must have shrunk as a result.According to a recent report, Kelly Loeffler, the former CEO of Bakkt – the Bitcoin futures trading platform, who recently became a US Senator, sold millions in stocks following a private, all-senators briefing.Kelly Loeffler...

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Bitcoin Options Trading Records All-Time Low On CME And Sees No Action On Bakkt

Days after the significant volatility and Bitcoin price declines, Bitcoin Options trading volume on regulated exchanges sees record-breaking lows. While CME’s Options platform recently hit its all-time low level, Bakkt’s situation is even worse without any action for weeks.CME’s Bitcoin Options Volume ATLIn the middle of March, the cryptocurrency market, along with most financial markets, plunged amid the outbreak of the novel COVID-19 virus. In just a day, Bitcoin’s price dropped by...

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Opinion: Bitcoin Just Proved Itself to Be The Perfect Asset In A Financial Crisis

While the US stock market saw its steepest one-day sell-off since Black Monday in 1987, Bitcoin saw its steepest one-day sell-off in its ten-year history, just a few days before.But don’t worry, that was institutional money running from everything Thursday. Of course, it ran from the risky cryptocurrency industry. Don’t forget that institutional investors getting into Bitcoin was a massive driver of its price growth over 2019. So Bitcoin just lost a bunch of people who don’t believe in it–...

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Bakkt Announces Integration with Starbucks to Introduce Bakkt Cash Payment Option

Users of the Starbucks mobile app will soon have the opportunity to pay for their drinks with Bakkt Cash. According to Bakkt, at the current moment, the crypto payment option is only in limited beta.Cryptocurrency derivatives exchange Bakkt partners with Starbucks to introduce a new payment option for Starbucks mobile app users. Named “Bakkt Cash”, the feature is already available for Starbucks customers as a limited beta.We're also reducing payment costs for merchants which improves their...

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Bitcoin Options Trading Is At an All-Time High

Bitcoin hasn’t been doing well as of late when it comes to price, but in terms of options trading, things are rising higher than anyone had anticipated.Bitcoin Options Are Getting a Lot of AttentionIt is being reported that trading volumes amongst bitcoin options have broken new records. The total trading volume amongst major platforms – i.e. Bakkt, CME Group, etc. – is just shy of $200 million, thereby breaking the previous all-time high of $171 million set last February by almost $30...

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Bitcoin Options Receive Massive $198 Million Worth of Traders’ Attention

Bitcoin options market is rising, per the crypto analytics firm Skew, with a massive money inflow from institutional investors. Yesterday, the volume of crypto derivatives trading was only increasing, reaching the level of almost $200 million.Bitcoin options are receiving a major call from the investors. They started selling and buying derivatives as the market went down. Let’s see what has happened here in detail.The CME Group, Deribit, Bakkt, LedgerX, and OKEx are experiencing the money...

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