Bitcoin futures contracts allow traders to speculate on the price of Bitcoin without necessarily have to own it. They are a derivative product that gained serious popularity in the past years.Traders are always looking for information that would give them an edge in the market. Arguably, the most valuable data is that which offers an insight into what other traders are doing.Open Interest (OI) could provide some of this information with appropriate interpretation. Understanding it and its...
Read More »Tether Doesn’t Inflate Bitcoin Price, New Research Says
Stablecoins issuance is not artificially inflating the prices in the cryptocurrency market, despite some controversial beliefs, suggested new research on the matter.At the same time, the paper acknowledged their vital role in the digital asset field and predicted that it’s only prone to grow in time.Tether Do Not Inflate The Crypto MarketLast year, two academics updated a study and claimed that the most widely used stablecoin – Tether (USDT) – was behind the 2017/2018 parabolic price increase...
Read More »Ebang Mining Soon On NASDAQ? The Bitcoin Chip MakerFiles For $100 Million IPO In The US
Bitcoin mining hardware manufacturer Ebang International Holdings has become the latest mining chips company planning to get listed on a major stock exchange via an Initial Public Offering (IPO) in the United States.Ebang Files $100M IPO In The USThe China-based firm has applied with the US Security and Exchange Commission (SEC), so it can raise up to $100 million from investors through an IPO in the country.Ebang is now expected to face questioning from the securities regulators to be deemed...
Read More »After Dropping To $1200, Bitcoin Will Skyrocket To $333,000,000: Silk Road’s Founder Reiterates His BTC Prediction
Despite his short-term adverse views of Bitcoin’s price, Ross Ulbricht remains bullish in the long-term. In a recent post from the prison, he reiterated his last $1,200 price prediction, saying that this could be simply the start of a vast upwards movement, which could lead to $333m per one BTC.Bitcoin To $333 Million?As Cryptopotato reported recently, the incarcerated founder of the notorious Silk Road dark market, Ross Ulbricht, claimed that the price of the primary cryptocurrency could be...
Read More »Bitcoin Price Analysis: BTC’s Bullish Formation Might Reach $8,000 Quicker Than Expected
What a recovery. Bitcoin is only a few steps away from a full recovery since the March 12 collapse, which took place only six weeks ago and saw Bitcoin plunging to $3600 (BitMEX).The primary cryptocurrency had recently broken above at $7230. On the following 4-hour chart you can notice the mid-term descending trend-line’s breakout.Following the break, the 4-hour candle had wicked at $7750 (!), which was our highest mentioned target on our most recent price analysis.Despite the wick, we can...
Read More »Bithumb Futures Announced First Bitcoin Perpetual Contract (BTC/USDT) With Up To 100x Leverage
Place/Date: - March 2nd, 2020 at 4:33 pm UTC · 1 min read Source: Bithumb Futures Photo: Bithumb FuturesBithumb Futures, a global digital asset derivatives trading platform, has announced a Bitcoin Perpetual Contract (BTC/USDT) with up to 100x leverage as an introductory product for its inaugural launch. Backed by leading industry players, Bithumb Futures has recently completed an initial round of fundraising and is positioned as a strong entrant to the expanding crypto derivatives...
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