ETH

Large Bitcoin Futures Gap Causes Temporary Trading Pause, ETH Open Interest Hits All Time High

<div class=”featured_image_container”> </div> <strong>CME Group temporarily paused trading of bitcoin futures after the market opened to a large gap of over $3,000 between the derivatives and the underlying crypto asset. </strong> According to a report, it was this huge futures gap which “amounted to a massive upside volatility” that led to the trading pause. Futures …

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Crypto Markets Rebound, BTC Taps Another All-Time High, Bitstamp Drops XRP for US Customers

<div class=”featured_image_container”> </div> <strong>The price of bitcoin and a myriad of digital currencies have seen some significant gains on Christmas day. Bitcoin touched another all-time price high at $24,662 per coin, while many other crypto assets rebounded from the previous day’s slump.</strong> On December 25, 2020, bitcoin (BTC) touched an all-time high (ATH) at $24,662 …

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XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

<div class=”featured_image_container”> </div> <strong>Digital currency markets have seen some volatile action this week and during the last 24 hours following the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/XRP” target=”_blank” rel=”noopener noreferrer”>XRP</a> charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because <a class=”lar-automated-link” …

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UK Crypto Exchange Exmo Hacked, Estimates Presume Platform Lost $10.5 Million

<div class=”featured_image_container”> </div> <strong>U.K.-based cryptocurrency exchange Exmo detailed on December 21, 2020, the firm had “detected suspicious withdrawal activity” and halted withdrawals. Exmo said a security audit report revealed “large withdrawals” of bitcoin and five other cryptocurrencies. Analysts estimate that Exmo may have lost over $10 million from the hot wallet breach. </strong> On Monday, …

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G-Wallet Ushers in New Era With Hybrid Wallet

<div class=”featured_image_container”> </div> PRESS RELEASE. G-Wallet, a decentralized crypto platform and wallet provider has revealed a series of updates on its blockchain ecosystem. The updates focus on the development of its hybrid wallets and other features offered by the blockchain platform. G-Wallet is Building a Sustainable and Decentralized Wallet Ecosystem G-Wallet has been developing a …

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Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum

<div class=”featured_image_container”> </div> <strong>According to onchain statistics, there is a colossal amount of bitcoin, approximately 141,231 bitcoins or $3.3 billion at the time of publication locked into Ethereum-based tokens. There are roughly seven different wrapped or synthetic bitcoin tokens but the Wrapped Bitcoin project has the lion’s share of coins with 115,411 under custody. </strong> …

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Mining Rig Makers Race to Create Next-Gen Ethereum Miner Before Staking-Only Kicks In

<div class=”featured_image_container”> </div> <strong>The Ethereum network’s 2.0 transition has pushed the protocol to become one of the largest staking networks in the world with 1,683,905 ether locked into the contract worth $1 billion today. According to reports from China, while proof-of-work ethereum miners have two years left to mine the leading crypto asset, ten Chinese …

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Survey: There Is ‘Significant Room’ for the NFT Market to Grow Despite Widespread Lack of Knowledge Among People

<div class=”featured_image_container”> </div> <strong>A survey about non-fungible token (NFT) trends on crypto users revealed that 47% of correspondents had heard of NFT, and among these, 63% of them had only a basic understanding about it, while 57% of them had never used them.</strong> Survey Reveals Common User Has Just a Basic Understanding of NFT Market …

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Bitcoin’s Value Surpasses $23,700, Critics Claim Its a ‘Bubble,’ Onchain Analyst Says $100K Prices ‘Ridiculously Low’

<div class=”featured_image_container”> </div> <strong>The crypto economy has gained a massive amount of value during the last few days, as the aggregate market cap of all 7,500+ digital assets is a whopping $640 billion on Thursday. Meanwhile, the largest blockchain in terms of valuation, bitcoin has touched an all-time high of $23,777 rising more than 22% …

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2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies

<div class=”featured_image_container”> </div> <strong>Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at values not seen since 2017, and the top crypto asset in terms of market cap has gained a whopping 159% since January 5, 2020. …

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