What the Deal Means for Crypto- CoinDesk

Binance just bought the top of the funnel. The largest cryptocurrency exchange by market volume has acquired popular data site CoinMarketCap (CMC) for an undisclosed price, the companies announced Thursday. Binance CEO Changpeng “CZ” Zhao told CoinDesk the deal closed March 31, although a verbal agreement had been reached “a few months ago.”  With its […]

Continue Reading

VC Tim Draper Eyes India Investments as Nation Enters Crypto ‘Renaissance’

Billionaire venture capitalist Tim Draper plans to invest in India now the central bank’s ban on financial services for cryptocurrency companies has been overturned. On March 22, Draper tweeted that the recent decision by the supreme court in favor of crypto firms represented “a renaissance for India,” underscoring a change in sentiment for investors who […]

Continue Reading

As This Crisis Worsens, Bitcoin Will Become a Safe Haven Again

Osho Jha is an investor, data scientist, and tech company executive who enjoys finding and analyzing unique data sets for investing in both public and private markets.  The week of March 9 was a ride regardless of what market you trade and invest in. Markets spiking up, markets spiking down, longs taking drawdowns, shorts getting […]

Continue Reading

Traders Finding More Arbitrage Opportunities in Bitcoin

As bitcoin (BTC) experiences vertigo-inducing gains, cryptocurrencies are breaking out of a period where they followed or even lagged behind traditional markets. In fact, prices in the crypto market are seeing such a steep upward trend that arbitrage traders are able to trade between Bitfinex and other exchanges to easily capture profit.  Bitcoin is up […]

Continue Reading

Bitcoin Ekes Out Gains but Remains in Red Amid Broader Market Rebound

Bitcoin (BTC) recovered slightly from Thursday’s brutal selloff as global financial markets creep back into the green. After dipping below $4,000, the world’s leading cryptocurrency posted some gains and is currently trading at $5,431 as of 20:00 UTC Friday. While bitcoin is still down 15 percent over the last 24 hours, traders started buying after […]

Continue Reading

Investors Can Hedge Long-Term Risk With New 2-Year Bitcoin Derivatives

Quedex, a Gibraltar-regulated derivatives exchange, recently launched a new bitcoin contract with the longest expiration date in crypto. The CEO of Quedex Bitcoin Derivatives Exchange, Wiktor Gromniak, told CoinDesk the firm had experienced a surge in investor interest in its new BTCUSD contract, which expires in December 2021 and only became tradeable last Friday. Quedex […]

Continue Reading

Bitcoin Hits 10-Month Low Below $6K Alongside Stock Markets Plunge

Bitcoin is in turmoil on Thursday as another severe sell-off is seen in the traditional markets.  The top cryptocurrency by market value plunged to as low as $5,678 – the lowest level since May 2019 – soon before press time. That represents a 25 percent drop on a 24-hour basis, according to CoinDesk’s Bitcoin Price […]

Continue Reading

As NY Fed Promises More Cash, What Will Christine Lagarde Do?

Bitcoin (BTC) prices slid for a fifth straight day, but the decline paled in comparison with the steep sell-off seen in traditional financial markets. New warnings from authorities over the growing risks from the spreading coronavirus sent stocks reeling, leading to fresh promises of cash injections from the Federal Reserve Bank of New York.  The […]

Continue Reading

Yields of 25% to 42% Lure Lenders Back to DeFi Platform bZx

Lenders and depositors are coming back to bZx because the decentralized protocol for margin trading is offering significantly higher yields on ether deposits compared to its peers.  The total number of ether (ETH) locked in bZx increased to 24,711 on Thursday, having jumped by over 20 percent from 17,739 to 21,514 on Wednesday, according to […]

Continue Reading

After Court Victory, Indian Exchanges Gear Up for Crypto Trading Surge

The decision by India’s Supreme Court to lift the central bank’s ban on cryptocurrency trading could soon translate into notable growth in trading volumes, according to cryptocurrency exchanges in the country.  India’s Supreme Court on Wednesday quashed a Reserve Bank of India (RBI) order dated April 6, 2018, which prohibited banks from providing services to […]

Continue Reading