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“# Deadline for Mt. Gox trustee rehabilitation plan extended again ” The trustee of the now-defunct Japanese cryptocurrency exchange Mt. Gox has obtained another approval to extend the deadline for submitting a rehabilitation plan. Following a motion by Mt. Gox rehabilitation trustee Nobuaki Kobayashi, the Tokyo District Court issued another order to extend the deadline…
“# Bitcoin and Ether now account for 44% of the value locked in DeFi ” The recent explosive growth of decentralized finance (DeFi) has seen the sector lock nearly $4 billion worth of Bitcoin (BTC) and Ether (ETH) in less than five months. According to DeFi Pulse, the number of Ether locked up in DeFi…
“# More than half of all Ethereum hasn’t moved in 12 months ” More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months. According to Glassnode’s ‘hodlwaves,’ which offers a chronological breakdown of the velocity of on-chain…
“# Twitter’s Jack Dorsey urges Bitcoin donations to fight police brutality in Nigeria ” The CEO of Twitter and Square, Jack Dorsey, has urged his followers to donate Bitcoin to the #endSARS cause, which aims to end police brutality in Nigeria. Donate via #Bitcoin to help #EndSARS https://t.co/kf305SFXze — jack (@jack) October 14, 2020 The…
“# ‘Blockland’ book review: Part gonzo, part Bitcoin-thriller, 100% recommended ” The first hint that Blockland – 21 Stories of Bitcoin, Blockchain and Cryptocurrency is perhaps not quite the same as the average book on the subject of crypto is splashed bold, right across its cover. Eschewing the usual staid design cues, it instead features…
“# Five mega exchanges hold 10% of Bitcoin’s entire supply ” Roughly 10.6% of Bitcoin’s (BTC) circulating supply is currently held on just five centralized exchanges, according to data published by Chain.info. More than 1.96 million BTC is currently held between the major exchanges Coinbase, Huobi, Binance, OKEx, and Kraken. Likely owing to its custody…
“# Surging Bitcoin futures volume highlights increasing institutional interest ” On Oct. 12 Bitcoin price (BTC) pushed above $11,700 on Binance and data shows trading at derivatives exchanges also began to spike. According to data from Skew, CME Bitcoin futures open interest has started to recover. The term open interest refers to the total amount…
“# Bitcoin futures impact price more than spot markets: Wilshire Phoenix ” A new report from investment firm Wilshire Phoenix claims that the Chicago Mercantile Exchange’s, or CME’s, cash-settled Bitcoin futures trading products affect Bitcoin’s price even though they do not directly involve actual real Bitcoin (BTC). “The findings of Wilshire Phoenix indicate that CME…
“# Why didn’t the Kucoin hack or legal action against BitMEX seem to impact Bitcoin? ” BitMEX recently faced major U.S. legal action, and KuCoin suffered a significant hack, all inside a several-day span — but why did these events not affect Bitcoin’s price in a more negative way? Aleks Svetski, CEO of Bitcoin investment…
“# Price analysis 10/14: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV ” Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume. <p dir=”ltr”>The bond yields across most developed economies have dropped sharply since the central banks unleashed a slew of measures…