interest

BlockFi ordered to stop opening new interest accounts in New Jersey

BlockFi ordered to stop opening new interest accounts in New Jersey

Popular crypto trading and lending platform BlockFi has been ordered by the New Jersey Bureau of Securities to suspend accepting new interest account users in the Garden State. In a Twitter thread on Monday night Eastern time, BlockFi’s CEO and founder Zac Prince said the firm remains operational for its existing clients in New Jersey …

BlockFi ordered to stop opening new interest accounts in New Jersey Read More »

Fidelity Digital Assets plans big headcount boost in response to institutional interest in crypto

Fidelity Digital Assets plans big headcount boost in response to institutional interest in crypto

Fidelity Digital Assets, the crypto-focused arm of the asset manager Fidelity, plans on hiring as many as 100 employees to bolster cryptocurrency projects in response to institutional demand in crypto, reports Bloomberg.  Fidelity Digital Assets president Tom Jessop told Bloomberg that the firm intends on hiring employees in its Dublin, Boston and Salt Lake City …

Fidelity Digital Assets plans big headcount boost in response to institutional interest in crypto Read More »

Aave grows as V2 features trigger increased user interest

Aave grows as V2 features trigger increased user interest

Decentralized Finance [DeFi] projects have been gaining momentum in the market alongside many other cryptocurrencies. Although Chainlink [LINK] has remained the largest DeFi project with $ 12.3 billion, Aave was following at third with a market cap of $6.1 billion, right after Uniswap. The project has been gaining increased interest as it released the Aave …

Aave grows as V2 features trigger increased user interest Read More »

January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take Several metrics recorded record numbers in January. In many cases, January alone accounted for about 40-50% of total 2020 volume.  Total adjusted on-chain volume saw a very strong increase of 94.4% to a new all-time high of $528.8 billion in January. Adjusted on-chain volume of stablecoins increased by 73.1%, to a new all-time …

January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue Read More »

What is behind Wall Street’s renewed interest in Bitcoin and other cryptos?

What is behind Wall Street’s renewed interest in Bitcoin and other cryptos?

Khurram Shroff, Chairman of IBC, or International Blockchain Consulting Group, believed that cryptocurrencies could replace bullion in the future. Speaking about Wall Street’s “renewed interest” in crypto markets, the Dubai-based executive also believed that Bitcoin’s scarcity “helped maintain buoyancy” in such markets. Shroff said in a report:  Decentralized cryptocurrencies are sparking renewed interest on Wall …

What is behind Wall Street’s renewed interest in Bitcoin and other cryptos? Read More »

Bexplus 3

Bexplus launches up to 30% interest wallet, 100% bonus activity [Sponsored Post]

With Bitcoin broke through $23,000, the crypto market has gone wild. While the recovery of the global economy is stalled, the crypto market has seen large influxes of capital and investors.As of now, With Bitcoin broke through $23,000, the crypto market has gone wild. While the recovery of the global economy is stalled, the crypto …

Bexplus launches up to 30% interest wallet, 100% bonus activity [Sponsored Post] Read More »

Legitimate volume on spot crypto exchanges fell to $125.8 billion in October

Aggregated open interest on Bitcoin, Ethereum options hit all-time highs this weekend

The aggregated open interest on bitcoin options reached $4.53 billion on Nov. 22, having grown $1.13 billion since Nov. 15. That’s nearly a 25% increase in a week, according to data from The Block Research. In addition to Bitcoin, the aggregated open interest on Ethereum options reached $780.05 million. Ethereum option open interest jumped $221.09 …

Aggregated open interest on Bitcoin, Ethereum options hit all-time highs this weekend Read More »

CME bitcoin futures cross $1 billion in open interest — a new all-time high

CME bitcoin futures cross $1 billion in open interest — a new all-time high

CME Group’s cash-settled bitcoin futures have hit an all-time high open interest of $1 billion. The milestone comes as bitcoin price continues to surge at around $18,000 levels. The spike in the open interest, or the value of outstanding derivative contracts that are yet to be settled, suggests that more money is flowing in the …

CME bitcoin futures cross $1 billion in open interest — a new all-time high Read More »

July by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

July by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take Total adjusted on-chain volume, a proxy for economic throughput, saw an increase of 15.7% M/M The stablecoin supply grew by 10% M/M from $12.0 billion to $13.2 billion The adjusted on-chain volume of stablecoins hit yet another all-time and grew by 53% M/M Ethereum miners generated $143.8M in revenue representing a M/M increase …

July by the numbers: A look at crypto exchange volumes, open interest, and miner revenue Read More »