Tom Lee is a person who always gives positive price predictions when it comes to Bitcoin. But now, there’s a bunch of other people claiming that Bitcoin halving might be not good for the Bitcoin price dynamics.He thinks that the technical analysis, as well as the core principles of Bitcoin, show that the price should go up. His agency Fundstrat gains up to 193% of easy profits out of Bitcoin. Per Tom Lee:“Yes, 2020 should be great for Bitcoin. Because you got, number one the Halving happening...
Read More »Tether Gold Stablecoin Gets Margin Trading Option with Leverage on Bitfinex
Traders of Bitfinex got the ability to trade the stablecoin XAUT with a maximum of 5x leverage. Bitfinex also pumps up BTC/USD margin trading pair to the same maximum.Last week Bitfinex presented a new stablecoin Tether Gold. It is backed by the gold bars hidden in the unknown Swiss vault. Tether claimed that they have ‘direct access’ to the vault. The margin trading option as announced on Tuesday, against the U.S. dollar, Tether and BTC. The initial equity can be 20%.Margin trading will...
Read More »Pornhub Adds Tether (USDT) to Its Payment Options via TRON Wallet after PayPal Pull-Out
Tether (USDT) now joins Pornhub payment options along with Cosmo Payments which is a global payment processing app. Plus all that, the popular porn site added a direct deposit option for Australia and Puerto Rico. Heads up Models! We just added USDT, @CosmoPayment & more to our Payment Method options! Click here for details: https://t.co/LgyZuMasd4#USDT #Cosmopayment pic.twitter.com/BcnzK5Z6RN— Pornhub Model Help & Updates ✈️ XBIZ LA + AVN 2020 (@PornhubHelp) January 22, 2020Pornhub...
Read More »Binance Launches Feature for Converting BUSD into Selected Stablecoins
Major crypto exchange Binance has announced a new Binance USD (BUSD) conversion function on its platform. Beginning immediately, users can now instantly convert a select number of stablecoins into the BUSD.Binance BUSD ConversionAccording to the announcement, the supported stablecoins for the new feature include Paxos Standard (PAX), USD Coin (USDC), TrueUSD (TUSD) and Tether’s USDT. For the first three, the announcement states that conversion to BUSD will be settled at 1:1. Binance will...
Read More »Bitwise Withdraws Bitcoin ETF Proposal with SEC
Bitwise Bitcoin ETF proposal has been withdrawn. The cryptocurrency asset management firm indicated that it had submitted a note to the U.S. SEC. Bitwise said that the withdrawal request is “consistent with the public interest and protection of investors”. This shows that the firm is studying the situation at this time. The global head of research told:“We did indeed withdraw the application. This is a procedural step, and we intend to refile our application at an appropriate time.”It also...
Read More »Cryptocurrency Market Suddenly Gets Bullish, Bitcoin Price Rises to $8,800
The cold as winter market suddenly turns hot: major coins getting a significant bump in prices. Specifically, the main Bitcoin forks are hitting the price roofs with Bitcoin Cash, Bitcoin SV and a hefty of other coins gaining a larger price per coin in no time. The SV rise from $150 per coin to $400 per coin may be also connected with Craig Wright‘s promise to obtain the private keys from Satoshi’s 1 million coins. And… publications like this one.Bitcoin Cash has also received a bump-up going...
Read More »Two Plaintiffs Drop Lawsuit against Tether and Bitfinex
Eric Young and Adam Kurtz suddenly revoked their lawsuit against the Bitfinex exchange and Tether founders. The two previously claimed market manipulation and fraud.The plaintiffs said they are crypto traders who suspect that Bitfinex and Tether fed the market with fake data about their volumes, operations, and deals. However, on January 7 both filed a document saying they demand voluntary dismissal for their claims:“The Court having considered the Notice of Voluntary Dismissal Without...
Read More »Binance Futures Is Launching Litecoin Perpetual Contracts Today
Starting today, the Binance Futures platform is launching another perpetual contract with Litecoin. This time, Litecoin (LTC) is being paired with USDT making it the sixth perpetual contract on the platform.Binance Futures Litecoin ContractAccording to an official announcement from Binance, the LTC/USDT perpetual contract opened trading today at 8:00 AM (UTC). The recent announcement has a few similarities with previous ones. For example, just like the previous offerings, users are allowed to...
Read More »Binance Futures Launches Fifth Perpetual Contract with EOS/USDT Pair
Major crypto exchange giant Binance has announced that it is launching a new perpetual contract product through its futures trading platform – Binance Futures. The new contract, which pairs EOS with Tether’s USDT is the platform’s fifth one.According to an official announcement on the Binance website, the new contract launched at 8:00 AM (UTC) on Wednesday, January 8. Also, Binance Futures is offering users up to 75x leverage.Binance also put a pricing limit of ±1% on the mark price, to...
Read More »OKEx Introduces Bitcoin Options Trades for a Few Clients Before January Launch
OKEx crypto exchange officially announced the launch of Bitcoin options trading for a chosen few clients. This has happened ahead of a public launch on January 9, 2020. In a December 26 press release, the third-largest crypto exchange by daily trading volume worldwide has confirmed that the new contract will be settled daily in Bitcoin.Increasing Hedging Strategies Options for OKEx TradersAn options contract is a popular derivative that lets traders hedge against asset price swings in all...
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