Opinion

The most recent data has shown that Bitcoin (BTC) futures platform Bakkt is currently seeing the majority of its contracts settled in BTC, not cash. According to the provider of real-time data analytics for Bitcoin and Ether derivatives, Skew, the latest data on May 26 shows that Bakkt’s physically-settled Bitcoin Futures produced $34m, cash-settled Bitcoin Futures produced $9.3m and total open interest was $7.6m. Likewise, Bakkt’s physically-settled BTC Futures recorded a daily volume of $43m on the same day. The data shows that…

Hackers continue to inject malware through various means into computer systems of unwary individuals and organizations to mine cryptocurrencies. It seems a cryptocurrency mining malware has infected thousands of enterprise systems, based on the discovery of malware analysts from cloud security company Red Canary. The cryptocurrency mining malware is said to be operated by a group tracked under the codename of Blue Mockingbird. The activities of the Blue Mockingbird group seem to have started since December last year, based on Red Canary's…

Like before, Bitcoin is currently fixed within a stint of sideways trading, striving to secure momentum while hovering at price levels around the $8,800 area. Its performance has been around the area over the previous few days, and it seems to be a crucial support level. Buyers have stood strongly to protect Bitcoin from a fall beneath this price, but analysts are currently suggesting a move that will favor the bears based on high time frame outlook. At press time, the…

Etherscan noted that trading volumes involving the most utilized stablecoin in the cryptocurrency space started a sharp rise in September 2019, attaining 188,621 daily transactions at the month’s peak, valued at about $620 million in USDT. A new record has been set as the trading that involved Ethereum-based Tether (USDT) was over $1.2 billion on May 25. This means that the aggregated number of daily transactions that involved the stablecoin on the day represents a fresh lifetime high. Etherscan noted that the…

The market crash that happened in mid-March and popularly called “Black Thursday” was serious such that it has prompted a far-reaching shift in dynamics among Bitcoin investors. The day was unforgettable for cryptocurrency investors as the market incurred a serious selloff triggered by liquidations on BitMEX platform. A remarkable change initiated by the event is the dip in Bitcoin balance on exchanges. According to data, the amount of Bitcoin removed from exchanges after the crash was more than 310,000. Perhaps…

The current crypto and blockchain funding environment consist of initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs), and private funding rounds.  In the last few years, the growing and maturing blockchain/crypto landscape have attracted private equity funds to the market. Numerous benefits provided by the emerging blockchain and crypto tech have incentivized businesses and individuals to explore and invest in it.  2017 was when cryptocurrencies, blockchain, and ICOs really began to take off, with most funding raised by blockchain companies…

Attempts to save the economy have forced the U.S. to continue with plans to print more money. However, cryptocurrency market participants believe that the plan is providing a platform for Bitcoin to go even further mainstream. The possibility of low interest rates and Quantitative Easing (QE) to create greater debt in the years ahead has been noted by many reports. In recent times, Sven Henrich of NorthmanTrader tweeted about the QE measures: “Ever since low rates and QE the entire growth curve as stalled.…

Last week, the performance of Bitcoin was close to its psychological level at $10K. However, a rumor regarding Satoshi Nakamoto selling off his Bitcoins emerged thereby bringing about its collapse to $8.7k price level. Some market participants consider this move to be a healthy correction, while a key indicator known as the Hash Ribbons Crossover has suggested more declines for the leading cryptocurrency ahead. Miners’ earnings per block have reduced by 50 percent since the successful block reward halving event…

The first block reward halving event for Bitcoin Cash (BCH) happened on April 8, 2020, reducing its network's block reward by 50 percent as of block 630,000 and BCH miners hashing away at the network will now capture only 6.25 coins per block going forward, instead of 12.5. However, BCH fundamentals are still declining over a month after the event. Yassine Elmandjra of ARK Invest tweeted about the status of BCH about 16 hours ago, noting that its fundamentals are still declining after…