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Bitcoin Cash hits new low vs. Bitcoin as Draper deletes Twitter praise

Altcoin Bitcoin Cash (BCH) is plumbing new lows against Bitcoin (BTC) after crashing through fresh support.Data from price tickers including Cointelegraph Markets and CoinMarketCap confirm that BCH/BTC is now at its worst levels in Bitcoin Cash’s three-year history.BCH/BTC in “downward price discovery”At press time, 1 BCH bought just 0.022 BTC, 92.2% less than at its peak of 0.285 BTC in December 2017.BCH launched as an off-shoot from BTC in August the same year,...

Bitcoin Options See ‘Fast’ Q2 Growth as CME Open Interest Tops $259M

Bitcoin (BTC) derivatives interest is putting in “fast” growth this quarter — and CME Group is leading the way for options, new data shows.According to monitoring resource Skew, the past weeks have seen CME dramatically increase its share of open interest for Bitcoin options. CME market dominance on the upOpen interest refers to the total derivative contract volume, which has not yet been settled. CME had already set all-time highs in early May but...

Bitcoin Falls Through Key Average as Traditional Markets Hit Record Highs

View Strong performances in traditional assets and a lack of new reasons to buy crypto is suppressing BTC’s price. A loss of the 50-day moving average exposes the $8,000 price level. The daily RSI shows that momentum slowing, which could hint at greater selling pressure in the short term. Bitcoin (BTC) is at risk of another sell-off after its price fell beneath a key moving...

What the CFTC Chairman Actually Said About Ether Futures and Ethereum 2.0

The Takeaway: CFTC Chairman Heath Tarbert said last month that ether is a commodity, and he expects to see regulated ether futures in the U.S. in the next six months. The ethereum network is expected to transition from its current proof-of-work consensus mechanism to a proof-of-stake model over the next year, in an upgrade known as Ethereum 2.0. Asked about this shift, Tarbert said...

Bitcoin Hovers Near Price Support as Long-Term Bear Cross Looms

View BTC is on the defensive and may face selling pressure in the run up to the bearish crossover of the 100- and 200-day averages. Prices will likely breach the 50-day average support near $8,550 and extend losses toward $8,000 in the short term. Confirmation of the bear cross may mark an interim bottom in BTC, according to historical data. A high-volume move above a three-month...

Crypto.com Grows Offerings With New Exchange and Fundraising Platform

Crypto.com announced the launch of a new exchange Thursday, in an expansion of the Hong Kong-based firm’s list of crypto services. The exchange opens up to beta testers Nov. 18 and to the wider public in December, according to a press release. The three-year-old company has also unveiled a fundraising platform for crypto startups. Previously known for issuing custodial wallets and crypto-backed debit cards,...

ASX-Listed DigitalX Seeds New Fund With Half Its Bitcoin Holdings

The first ever cryptocurrency firm to be listed on a major stock exchange has launched a new bitcoin fund. DigitalX, which debuted on the Australian Securities Exchange (ASX) under its previous name DigitalBTC as far back as 2015, announced the new fund on Wednesday. The firm said it’s offering qualifying wholesale and professional investors such as family offices and high-net-worth individuals exposure...

CME Says It Will Launch Bitcoin Options in January

Derivatives exchange CME Group has announced it will launch options on its bitcoin futures contracts in January. In a notice on its website on Tuesday, the Chicago-based exchange said, as long as it gets the green light from regulators, the options will go live on Jan. 13, 2020. In late October, the firm published details of the options product, saying each contract would...

Binance Exchange Is First Client for Paxos’ New Dollar Gateway

Regulated blockchain company Paxos has launched a product allowing crypto exchange customers to more easily fund their accounts with traditional money. With its new Fiat Gateway service, Paxos said Tuesday that users will be able to execute simple swaps between U.S. dollars and stablecoins, including the firm’s own Paxos Standard (PAX). Notably, Binance, the world’s largest cryptocurrency exchange by trading volume, will be the...

HTC Will Support Binance Chain With Special Edition Smartphone

Smartphone developer HTC plans to provide support for Binance Chain with a new special edition version of its blockchain mobile. The company announced Tuesday that it would release an EXODUS 1 smartphone that integrates with crypto exchange Binance’s namesake blockchain, providing support for its decentralized exchange and token. The EXODUS 1 Binance edition will integrate Binance Chain with the device’s native Zion Vault...
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