Tag: Altcoins

Open Interest on Binance Futures Up 180% in June Despite Lower Trading Volume

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Binance Futures traders held more open positions in June compared to May, even though trading volumes declined month-on-month.  Open interest on Binance Futures rose 180% in June compared to May, from 220 million USDT to 580 million USDT. Binance concluded that this might anticipate an increase in Bitcoin volatility. Traders Held More Open Positions in […]
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Despite Chainlink adoption, a crucial LINK metric is reaching “dangerous” levels

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Of all leading cryptocurrencies, Chainlink (LINK) has seen some of the strongest adoption-related news over recent weeks.  Multiple reports have been released about the project’s oracles — its flagship product — being integrated by prominent firms and blockchains in the industry.
The post Despite Chainlink adoption, a crucial LINK metric is reaching “dangerous” levels appeared first on CryptoSlate. …

How to Mine ZCash

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Initially called the Zerocash Protocol, this altcoin began as a Bitcoin fork. With time, the blockchain community rim-sized the name to Zerocash and later on in 2016, to Zcash. The coin falls among a category of the three most popular privacy coins alongside Monero and Dash. This is the place that it differs from Bitcoin […] …

Bitcoin Maintains $9K as DeFi Altcoins Skyrocket: The Weekly Crypto Market Update

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While Bitcoin remains rangebound, to an extent, last week had some very exciting trading days. Towards the beginning of the week, BTC was trading at around $9,200 until last Saturday when it suddenly dropped and touched a low of $8,833, which remains the lowest point for the week. From there, BTC recovered and even made […]
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Bitcoin Fails at $9,300 as DeFi Altcoins Surge: Thursday’s Price Watch

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Bitcoin attempted to conquer the $9,300 but to no fruition. The price pulled back and failed to breach the level. Meanwhile, the DeFi market continues to boom, with numerous projects marking double-digit daily increases. Bitcoin Price Fails at $9,300 Bitcoin didn’t manage to claim $9,300 yesterday and has since retraced to its current trading level […]
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Altcoin Season on Wall Street Booms: Wirecard AG Stock Up 700% In 5 Days

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Despite the German-based online payment processor Wirecard filing for insolvency last week, its stock price has surged by 700% in merely a few days. WDI plunged to a bit over 1 EUR and jumped to above 9 EUR earlier today following positive news from the UK’s regulator. Wirecard AG’s Stock Price Roller-Coster The company’s drama […]
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Bitcoin Continues to Fight for $9,000 As Altcoins Recover Slightly

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This weekend was rather exciting for Bitcoin’s price as it finally made a decision and broke out of a rather tight trading range. Unfortunately, it was to the downside, and BTC touched $8,816 on Binance Futures yesterday. Most of the large-cap cryptocurrencies followed Bitcoin but are now recovering while BTC continues to fight for the […]
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Chamath Palihapitiya: The US Has Become A Socialist Country, Buy Bitcoin To Protect Yourself

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Virgin Galactic Chairman and Social Capital CEO Chamath Palihapitiya recently doubled-down on his advice that people should allocate at least 1% of their portfolio in Bitcoin as protection. He believes that if the asset skyrockets in value, it would be because of rather damaging world events and the lack of proper countermeasures by governments. Palihapitiya: […]
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This Is Why Bitcoin and Altcoins are Correlated On The Short Term, Investor Explains

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Bitcoin and alternative cryptocurrencies have become largely correlated over the past couple of years. Whenever there’s a serious move in the price of BTC, altcoins are almost always following the lead. A well-known startup investor and trader, Qiao Wang, took the opportunity to comment on the matter, outlining the reason for this correlation. Why Bitcoin […]
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VP of Binance Futures, Aaron Gong: We Saw 217% Institutional Clients Increase In Q1 2020 (Exclusive Interview)

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Binance is currently the world’s leading cryptocurrency exchange by means of the trading volume. Launched in 2017, the company has managed to become a standard in the industry quickly. Despite its fast phase growing, the giant exchange launched Binance Futures, the cryptocurrency derivatives trading platform of Binance, only in September 2019. Binance Futures allows users […]
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Bitcoin Loses Key Support at $9,400 as Altcoins Bleed Slowly: Saturday’s Market Watch

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The past 24 hours saw Bitcoin losing an important support level at $9,400. At the same time, the entire market continues to slowly bleed out, as it has been doing for the past few days. Bitcoin Price Below $9,400 As CryptoPotato reported yesterday, Bitcoin continues to trade within a range between $9,200 and $9,500 for […]
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Cardano Founder Hoskinson: Five years of painstaking work is finally come together all at once.

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Cardano (founder) Charles Hoskinson discussed the time and effort that has been put into developing Cardano, saying that the bulk of the work needed to launch it has already been done, in an interview with Messari’s Ryan Selkis.
The post Cardano Founder Hoskinson: Five years of painstaking work is finally come together all at once. appeared first on CryptoSlate. …

Major Ripple supporter sells all of her XRP holdings due to toxic community

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Tiffany Hayden, once one of the Ripple’s biggest supporters and self-proclaimed CEO of XRP, has sold off her XRP holdings due to constant attacks from the XRP community. The blockchain advisor said that the constant attacks she suffered from Ripple supporters caused her to sever ties with the project. Major Ripple supporter dumps all of […]

This top cryptocurrency barely flinched as $40 billion got wiped off the market

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From March 8 to 10, within a 48-hour span, the Bitcoin price plummeted by 13 percent in a severe short-term pullback. As the cryptocurrency market crashed overnight, one asset outperformed BTC and other major altcoins. In the same period, Chainlink (LINK) rose ten percent against Bitcoin, performing strongly against the entire cryptocurrency market. Why has […]

Litecoin LTC price drops 14 percent as analysts warn of further losses

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The market has continued to slip after yesterday’s losses. The correlation between Bitcoin and Litecoin means that, even as Bitcoin retreats further from $8,000 shedding almost ten percent (9.77 percent), Litecoin has become the worst-performing top ten cryptocurrencies. At the time of writing, the Litecoin LTC price is $49.72 as the project loses 14.29 percent […]