Crypto EcoBlog
The California-based digital asset management company, BitGo, now offers instant trading services to its institutional clients.The new feature comes as a result of BitGo’s partnership with a company providing unified digital asset trading infrastructure, SettleBit.BitGo Offers Trading From Its Cold StorageBitGo is a digital asset financial service company operating with institutional investors. Aside from managing over $2 billion in cryptocurrency assets through its custody service, the firm...
Read More »250% In 3 Months: Tesla (TSLA) Is Now More Overbought Than Bitcoin Back In 2017’s Crypto Bubble
Tesla is undoubtedly one of the most exciting and innovative companies to watch, especially in the past few months. Since October, its stock price has skyrocketed, surging upwards than 250%. However, technical indicators suggest that, currently, TSLA is more overbought than Bitcoin back in 2017’s cryptocurrency bubble.Tesla’s Impressive PerformanceTesla is a well-known and innovative American automotive and energy company that’s based in Palo Alto, California. It specializes in manufacturing...
Read More »Amid BREXIT: UK Makes It Cheaper To Start A Cryptocurrency Business
As the country officially left the European Union (EU) on January 31st, 2020, the UK has also taken steps to become more cryptocurrency-friendly. It has amended existing regulations to reduce the registration fees for crypto-related businesses.Encouraging Small Cryptocurrency FirmsThe UK Financial Conduct Authority (FCA), in a newly released document, has restructured the registration fee for crypto companies. The reduction is notable and it could be seen as a way to encourage small crypto...
Read More »Altcoin HODLers: 50% Of Crypto Traders Hold Mainly Altcoins Over Bitcoin, Survey Finds
The recent price increases in various altcoins have made their mark on the community. According to two recent surveys, traders have allocated serious portions of their portfolio in cryptocurrencies other than Bitcoin.Majority Believes In AltcoinsA popular cryptocurrency analyst conducted a Twitter poll where he asked the community members how much they are involved in altcoins.How exposed are you to ALTs right now?— Loma (@LomahCrypto) February 4, 2020More than 8,000 people voted in the poll,...
Read More »Bitcoin SV Completes Genesis Hard Fork: Removes Default Hard Cap For Block Sizes
Bitcoin Satoshi’s Vision (BSV) is one of the most well-known and controversial projects in the cryptocurrency space. The self-proclaimed Satoshi Nakamoto, Craig Wright, is one of its biggest proponents. The network has now completed the planned Genesis hard fork. It’s intended to bring BSV’s blockchain closer to the original Bitcoin protocol, which was released back in 2009.Bitcoin SV Genesis Hard Fork Goes LiveThe Genesis upgrade on BSV’s blockchain took place at block 620,538, making it the...
Read More »BitMEX CEO Calls Ripple Dogshit And Adds XRP Perpetual Swap Contracts To BitMEX Tomorrow
The largest cryptocurrency derivatives exchange, BitMEX, is launching a new perpetual swap contract pair to its platform. Starting tomorrow, users will be able to trade Ripple (XRP) token against the USD, with leverage.XRP/USD Perpetual Swap Now On BitMEXThe most popular Bitcoin margin trading exchange confirmed the news regarding XRP’s addition. The company will be adding a new perpetual swap on the XRP token (XRP/USD). Trading will begin at 4 AM UTC on February 5th, 2020.A perpetual swap...
Read More »Next Generation: Bitfinex Launches Lightning Network Bitcoin Deposits On Its Mobile App
The Hong Kong-founded popular cryptocurrency exchange, Bitfinex, has recently launched the newest version of its mobile app, which comes with Bitcoin deposits utilizing the Lightning Network.The update for the mobile app comes less than two months since the exchange added support for the Lightning network to its web platform.The Lightning Network Comes On MobileInvented back in 2015, the Lightning Network intends to serve as Bitcoin’s off-chain scaling solution. Essentially, it allows people...
Read More »4X Faster Crypto Transactions: Welcome To MIT’s Spider Off-Chain Routing Scheme
For more than a decade, there has been one major issue thwarting the adoption of cryptocurrency: transactions simply take too long. Fortunately, researchers at MIT have now announced that they have developed a more efficient system for routing cryptocurrency transactions, which they have dubbed “Spider.”According to ComputerWorld, MIT researchers are able to use this “Spider” routing scheme to make crypto transactions up to four-times faster than ever before (!).Four-Times Faster Crypto...
Read More »The IOTA Week: The Positive News That Can Explain IOTA’s 40% Surge Over The Past 7 Days
On a day when the rest of the cryptocurrency market is trading in red, IOTA investors are bagging profits as the 18th largest coin recorded an incredible daily 10% increase in the last 24 hours, which completes almost 40% price gain in the past seven days.And if you were wondering, IOTA had seen more than 100% increase since the new decade. At the time of writing, IOTA has slightly retracted and is trading at $0.338 with a market cap of approximately $941.5 million.IOTA-USDT (Binance) 30-days...
Read More »Bitcoin Futures Open Interest Exceeds $4 Billion: Over 60% Rise In 2020 Led By BitMEX and OKEx
So far, 2020 has been a remarkably positive year for Bitcoin. Not only has the price of Bitcoin increased by 30%, but the Global Bitcoin Futures market open interest has noted a massive 60% growth as well.In the meantime, BitMEX and OKEx are still the most widely-used Bitcoin margin trading exchanges, with over 50% of the market share.Bitcoin Futures Market 2020 SurgeAccording to the monitoring resource Skew, the global Bitcoin Futures open interest is continuously increasing. In fact, solely...
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