Market News

CME’s ETH futures saw a demand of 388 contracts traded on its opening day. That’s about a total of 19,400 ETH or approx. $33 Million. Each monthly contract represents 50 ETH. Similar to CEM’s Bitcoin futures contract, CME’s latest crypto offering is also cash-settled. The launch represents a significant milestone...

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  • February 9, 2021

Tesla invested a significant percentage of its cash – $1.5 Billion into Bitcoin. In a recent SEC filing, Tesla disclosed the investment and updated the firm’s intention to acquire and hold digital assets from time to time or long-term. The firm said it bought the Bitcoin to provide more flexibility...

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  • February 8, 2021

Derivatives exchange, CME will launch Ethereum futures on 8th Feb at 6 PM ET. The exchange made the announcement in a tweet. Building on the success of Bitcoin futures, Ethereum futures will also be cash-settled. To bring confidence to the trading strategy, the pricing will be based on a CME...

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  • February 7, 2021

Today’s trading landscape is primarily dominated by a few large players, predominantly Coinbase, Kraken, Bithumb, Huobi, Bitfinex, and Binance. While centralized trading has been widely popular, it’s not the new financial ecosystem most crypto enthusiasts and entrepreneurs are hoping to achieve. With Decentralized finance (Defi) gaining ground in 2020 and...

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  • February 1, 2021

European authorities eye the middle of this year to decide on the development of a digital euro currency for the Eurozone. The European Central Bank and European Commission said in a joint statement on Tuesday that: Recently ECB consulted the public for the digital euro in which participants marked privacy...

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  • January 21, 2021

Recent filings with the Securities and Exchange Commission (SEC) suggest that BlackRock – the world’s largest asset manager, with over $7 trillion under management – is preparing to allocate funds in bitcoin futures. As per the filling, The only bitcoin futures in which BlackRock will invest are cash-settled bitcoin futures...

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  • January 21, 2021

Cryptocurrency-related crime fell significantly in 2020, according to the data from Chainalysis. In 2019, criminal activity represented 2.1% of all cryptocurrency transaction volume or roughly $21.4 billion worth of transfers. In 2020, the criminal share of all cryptocurrency activity fell to just 0.34% or $10.0 billion in transaction volume. According...

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  • January 20, 2021

Delaware’s Chancery Court issued a temporary restraining order on Friday limiting Ripple Labs Inc. from carrying out XRP cryptocurrency transaction and equity redemption until Tetragon can sell back its stock. Tetragon Financial Group Ltd, an investor in Ripple Labs filed a temporary restraining order on Jan, 7th. In the motion,...

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  • January 19, 2021