Insights

Bakkt physically-settled BTC futures contract hit a new volume record yesterday. The platform saw a demand of $4.5 Million volume in the Bakkt BTC futures contract. Till now the total futures contract executed in Bakkt’s platform stand at approx. $20 Million, an average per day of $0.89 Million since its...

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  • October 24, 2019

The recent developments hint Facebook may be moving away from Libra Association. As one of the association members confirmed the BBC: “We’ve seen Facebook start to move away from the association a little bit, maybe, but it’s still a challenge for them, definitely.” When asked about Libra testnet by the...

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  • October 23, 2019

PayPal withdraws its application from Facebook’s Libra association, a group of members to oversee the governance of Libra network. Since the announcement of Facebook’s Libra project, policymakers around the world have backlash the project claiming that it could risk destabilizing the monetary system. Addressing the rumors, a PayPal spokesperson said...

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  • October 5, 2019

After a year of wait, Bakkt, the first to get regulatory approval for trading Bitcoin futures went live on September 23. Bakkt which many see as a gateway for Bitcoin widespread adoption, so far the volume shows little interest from institutional investors. Bakkt Bitcoin futures contract volume in the first...

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  • September 29, 2019

Just days after the significant drop in the Bitcoin hash rate, several monitoring sources confirm that the hash rate shows signs of recovery. Data from monitoring source ‘Blockchain’ estimate that on 26 Sept hash rate reached a new all-time high of 108 quintillion hashes/sec. This year, the hash rate in...

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  • September 28, 2019

Binance, the leading global cryptocurrency exchange launched this year Binance DEX, a decentralized exchange built on Binance Chain. The platform uses Delegated Byzantine Fault Tolerance (dBFT) as its consensus mechanism. It has 11 pre-selected validators who produce blocks and ensures the stability of the network. Given the popularity of Binance...

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  • September 7, 2019

Rakuten group on Monday 19th Aug 2019 announced the launch of their cryptocurrency wallet. The wallet will support the spot trading for following crypto assets – BTC, ETH, and BCH. As per the press release, there will be no fees for purchasing or selling crypto assets or depositing money. So...

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  • August 20, 2019

Last month a draft bill titled “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019” circulated. The draft bill has proposed up to a 10-year prison sentence for individuals who mine, generate, hold, sell, transfer, issue or deal in cryptocurrencies. It is expected that the Indian Government will...

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  • August 13, 2019

Recently U.S. treasury yield curve inverted to flag a possible future economic recession. Economists are getting nervous due to inverted yield curve historical correlation which accurately indicated the previous 7 recession cycles. The cause of this can often be attributed to a weak economy which causes inflation to drop below the...

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  • August 8, 2019