Quick take: The Bitcoin Korea Premium Index has just hit a one-year high of 11.97$% Also known as Kimchi Premium, it tracks Bitcoin’s value on S. Korean exchanges relative to others The index is known to...
In brief: According to a new report, the Binance futures platform has eclipsed BitMex in 24-hour trade volume. At its peak, Binance Futures managed an all-time-high of $9 Billion in Bitcoin (BTC) futures contracts in a...
Summary: The CoinFLEX team has announced that it has laid off a significant portion of its team to cut operational costs by 50 to 60%. CoinFLEX has also made cuts in non-staff costs. The team explained...
Booming Mining Ecosystem When nearly half of Bitcoin’s hash rate — a metric used to describe the level of computational power backing the network and processing BTC transactions — seemingly disappeared overnight earlier this week, investors...
In summary: Big money in the form of hedge funds, university endowments and pension funds are ready to invest in Bitcoin. However, these institutions have governing charters that prevent them from investing in crypto directly. Investment...
Bitcoin Makes No Sense to Wall Street For the most part, traditional hedge funds have avoided Bitcoin like it’s the plague. Just look to the front page of CNBC and other mainstream business news outlets, which...
Summary: Bitcoin’s dominance tested 73% on January 3rd This level was last seen in September of 2019 and is a crucial resistance area If Bitcoin pushes above this level, altseason will be postponed Conversely, if Bitcoin...
In brief: Bitcoin (BTC) is currently trading at $7,780; Ethereum (ETH) at $194; and XRP at $0.20. The Stock market has had its worst day since the 2008 Financial Crisis due to the effects of the...
Summary: Veteran Bitcoin analyst, Willy Woo, has stated that Square and MicroStrategy buying Bitcoin is a tip of the Iceberg He explains that the last 8 months has seen a reduction of 250,000 BTC from exchanges...
Summary: Bitcoin miners based in China now control 21.1% of BTC’s hashrate. China is now ranked second in Bitcoin’s hashrate, hinting at the existence of covert mining facilities. This is despite China’s government reiterating in May...
In summary: Bitmex will be launching a user verification program on the 28th of August. All customers will be required to complete ID checks within the next 6 months. Bitmex has given a February 12th, 2021...
Summary: The team at Celsius Network has debunked rumors that the project’s CEO attempted to flee the United States. Celsius Network representatives have spoken with two crypto media publications pointing out that all its team members...