Monthly Archives: February 2021

Bitcoin Futures Open Interest Smashes $15 Billion, CME Registers Over $33 Million in ETH Contracts

Following the revelation that Tesla now owns $1.5 billion in bitcoin, crypto spot markets across the board skyrocketed. Data shows that crypto derivatives markets also saw significant demand as bitcoin futures open interest tapped $15 billion on Monday. Moreover, this week was the start of ethereum futures on CME Group’s exchange, and ether-based futures registered $33 million worth on the first day of launch. Bitcoin Futures Open Interest Jumps to $15 Billion Bitcoin (BTC) derivatives markets are in high demand these days and other cryptocurrencies like ethereum […]

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Altcoins move higher as Bitcoin bull flag points toward $50K BTC price

Select altcoins continue to hit new yearly highs, while a bull flag on Bitcoin suggests traders are preparing for a run at $50,000. Growing institutional interest in Bitcoin (BTC) helped elevate the top cryptocurrency to a new record high on Feb. 9 and led to a total market cap value higher than the market cap of the Russian ruble.  Data from Cointelegraph Markets and TradingView shows Bitcoin established a new all-time high of $48,220 in the early hours on Tuesday and has since pulled back to $47,092, […]

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FTX CEO claims competitor responsible for racist messages delivered to Blockfolio users

‘Teflon’ Sam Bankman-Fried illustrates why the crypto community holds him in high regard, as Blockfolio exploit results in clear communication and a rapid response. On February 9, Blockfolio’s Signal feed was briefly compromised, resulting in some users receiving racist messages within the company’s app. Users said that the culprits went so far as to threaten loss of funds if deposits were not removed from the crypto portfolio platform. While the derogatory messages were reportedly scrubbed by Blockfolio’s security team within about 30 minutes, the incident left many wondering how […]

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TORN soars 200% as Tornado.Cash’s governance token becomes tradable

Apes rejoice as yet another token airdrop fattens their portfolios The decentralized finance (DeFi) “stimulus checks” keep coming as Tornado.Cash joins Uniswap, Badger DAO, StakeDAO, and others in “airdropping” a now-tradable TORN governance token to early protocol participants. Tornado Cash, which is an Ethereum “tumbling” service that obscures transactional history in order to preserve user privacy (as well as allow scammers and hackers a method to launder their funds), first announced the launch of a governance token in December. A snapshot for the airdrop was taken for […]

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ECB leader floats 3K threshold for digital euro holdings

The central bank said it will reach a decision on releasing a digital euro “towards the middle of 2021.” In an interview today, Fabio Panetta, executive member of the European Central Bank said the ECB may only allow digital euro holdings “up to a certain threshold” but added that the rollout of the central bank digital currency was unlikely to cause banks to lose deposits. Specifically, Panetta said that this threshold “could be around €3,000” — worth roughly $3,600 — which he said would still meet most people’s […]

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Interview: Bitcoin Adoption With Quontic Bank

Listen To This Episode: Apple Spotify Google Overcast Libsyn This week for the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with CEO of Quontic Bank Steven Schnall to discuss Quontic’s recent move to offer a bitcoin-back debit card. The bitcoin-back debit card offer users 1.5 percent cash back on their purchases in the form of bitcoin. This represents Quontic’s first official cryptocurrency product and a massive step for Bitcoin’s financialization as Quontic is firmly a legacy banking institution. Schnall and Keroles discussed Quontic’s history and mission-driven […]

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Former British MP says central banks should ban Bitcoin

Nick Boles, who served as a Member of Parliament from 2010 to 2019, believes the world would be better off without Bitcoin. Nick Boles, a former Member of Parliament for Grantham and Stamford from 2010 to 2019, took to Twitter Tuesday to criticize Bitcoin over its negative environmental impact. He retweeted a post from BBC correspondent Rory Cellan-Jones showing that Bitcoin has overtaken Argentina in annual energy consumption. The data was compiled by the University of Cambridge and presented in the Cambridge Bitcoin Electricity Consumption Index.  Boles […]

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Expert warns Hackers are Targeting Russian Government’s IT Infrastructure to Mine Cryptocurrencies

A state-affiliate cybersecurity expert warned about hackers exploiting the Russian government’s IT facilities to mine cryptocurrencies. The deputy director of the National Coordination Center for Computer Incidents believes such threat actors have been very active in recent times. Global Cybersecurity Landscape Remains ‘Tense’ According to TASS, Nikolai Murashov pointed out that hackers managed to inject unknown malware into the infrastructure of Russian government entities, medical institutions, defense contractors, and even research institutes. The cybercriminals then look for IT resources to use to illicitly mine cryptos. He added: […]

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Record $584M Litecoin futures open interest signals institutional inflow

Open interest on Litecoin futures hit a record $584 million, a signal that institutional investors like Bitwise and Grayscale Investments are interested in the altcoin. Litecoin (LTC) might be 60% below its December 2017 all-time high at $420, but that hasn’t stopped its futures contracts open interest from reaching a record $584 million. This makes LTC the seventh-largest cryptocurrency by market capitalization and it ranks third in derivatives, behind Bitcoin (BTC) and Ether (ETH). Litecoin futures aggregate open interest. Source: Bybt.com As shown above, LTC futures aggregate […]

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Press and internet freedom advocates join crypto users in support of Wikileaks’ Assange

Digital and journalistic rights are at stake in the trial for Julian Assange’s extradition, say 24 major advocacy groups. A coalition of 24 press freedom, civil rights and internet defense groups have signed a letter asking Biden to leave Wikileaks founder Julian Assange alone. A Monday letter signed by the ACLU, Electronic Frontier Foundation, Freedom of the Press Foundation, among others, asked the Biden administration to forego the extradition proceedings currently happening in the United Kingdom.  The authors implore Acting Attorney General Monty Wilkinson to abandon the […]

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