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“# Rising Bitcoin and Ether derivatives markets are shooting for the spot ” The crypto derivatives market is dominated by Bitcoin (BTC) and Ether (ETH), with the main platforms being Huobi, Chicago Mercantile Exchange, OKEx, Bybit and Deribit. The CME has also dipped in the Ether pool by launching its Ether futures on Feb. 8,…
“# Bitcoin ‘supercycle’ may emerge in 2021 as Fed balance sheet hits new record high ” Bitcoin (BTC) is looking increasingly like it is in a “supercycle,” not just a bull cycle, statistician Willy Woo suggests. In a Twitter exchange on Feb. 12, the popular analyst joined Dan Held, growth lead at U.S. exchange Kraken,…
“# Australian regulators open to Bitcoin ETF with ‘rules in place’ ” The Australian Securities and Investments Commission has clarified its position regarding Bitcoin (BTC)-linked exchange-traded funds. According to a Feb. 12 report by the Australian Financial Review, the commission addressed the subject after previously rejecting a Bitcoin ETF initiative by local company Cosmos Capital….
“# BTC miners pocket $4M in 60 minutes, the highest hourly revenue in Bitcoin’s history ” According to data from Glassnode, Bitcoin (BTC) miners made over $4 million in just under an hour on Feb. 12, making it the biggest hourly revenue in history. In May 2020, Bitcoin underwent the third block reward halving in…
“# Jack Dorsey and Jay-Z to set up 500 BTC blind Bitcoin trust in India, Africa ” Twitter CEO Jack Dorsey has announced the creation of a blind Bitcoin (BTC) development trust worth 500 BTC ($23.7 million), along with rapper Jay-Z, for teams working on the project in India and Africa. Dorsey revealed the creation…
“# Miami council supports mayor’s move to offer city worker salaries in Bitcoin ” Miami Mayor Francis Suarez has proposed an official resolution that would see Bitcoin (BTC) become an acceptable payment instrument in various parts of the city’s administration. Announcing the news on Twitter, the Mayor said that the city commission has supported the…
“# India’s crypto ban is coming, hodlers to be given transition period: Bloomberg ” An anonymous source claiming to be a senior Indian Finance Ministry official has claimed that the use of crypto assets will soon be completely banned in the world’s second most populated country. Speaking to Bloomberg, the source claimed that the use…
“# Bitcoin market cap briefly tops $900 billion ” Bitcoin is closing in on a trillion dollar market cap, with the total value of all Bitcoin crossing $900B for the first time today as the price hit new record highs. Bitstamp, one of the oldest Bitcoin exchanges still in operation, recorded a peak price of…
“# $50B wiped from Tesla after BTC buy — but MasterCard and Twitter surge ” Electric car manufacturer Tesla has seen more than $55 billion wiped from its market cap since announcing the purchase of $1.5 billion in Bitcoin four days ago — but Twitter and MasterCard have headed in the other direction. Since Tesla’s…
“# Andrew Yang says he’ll transform NYC into a Bitcoin hub if elected mayor ” Andrew Yang, the Democratic Party front-runner in the race to be New York’s next mayor said he would transform New York City into “a hub for BTC and other cryptocurrencies” noting the city to be “the world’s financial capital.” The…