DEX and interoperability upgrades show TomoChain (TOMO) wants DeFi dominance

The cryptocurrency market started the year in full force and with all the bullish breakouts happening it can be difficult to discern which projects are simply being driven by the macro trend and which are making gains based on solid tech developments and improving fundamentals.  As the price of Bitcoin dropped more than $11,000 between Jan. 10 and Jan. 11, a number of altcoins saw double-digit losses but a few DeFi and layer 2-oriented coins bucked the trend and quickly recovered as BTC price consolidated. For example, TomoChain (TOMO) saw…

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5 factors show bulls control Ethereum price even after a 26% correction

On Jan. 4, Ether (ETH) price rallied to $1,160, which was followed by a 24% correction within the following four hours. What is clear is that investors are anxiously awaiting the CME’s ETH futures launch, which is scheduled for Feb. 8. Another factor driving the current rally is that Ether miners’ balances reached a two-year low, a scenario that some analysts view as bullish. The phenomenal growth of total value locked in decentralized finance projects has also played a part, especially considering that the metric reached $17.5 billion over the…

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Key Bitcoin and Ethereum options metrics show traders are wildly bullish

In the last few days, Bitcoin (BTC) price has underperformed Ether (ETH) by almost 20%. Even though BTC seems to be struggling to break the $18,800 barrier, both cryptocurrencies display the same bullishness according to derivatives markets data. BTC/USD and ETH/USD at Bitstamp. Source: Digital Assets Data Ether is entering a parabolic rally as its Eth2 network launch progresses, and this optimism is reflected in the options markets. Despite the lack of similar price action from BTC, Bitcoin traders seem unfazed, and data shows they are still wildly bullish. Futures…

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Foresight or folly? Data show 70% of exchanges are unmoved by DeFi volume

A recent survey by cryptocurrency data aggregator, CryptoCompare, shows that centralized exchange operators do not see the emergence of decentralized trading venues like Uniswap as a threat despite growing volume and activity in the DeFi space.  In its September exchange review, CryptoCompare asked 26 of the leading venues in the space how likely it was for DEX liquidity to overtake that of centralized exchanges in a 2-year time span. 70% of those interviewed said that decentralized exchanges will not overtake centralized exchange volume due to their lack of liquidity. Only…

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Key Metrics Show Institutional Interest in Crypto Is High and Rising

The growth of the crypto derivatives market in 2020 has been a story of its own, mainly driven by Bitcoin (BTC) and Ether (ETH) options traded on exchanges such as the Chicago Mercantile Exchange, Deribit, OKEx, Binance and Houbi.  Record Bitcoin options volumes are indicative of an increasing institutional interest in crypto, but there are better quantitative and qualitative indicators to use, such as open interest, Bitcoin’s price, frequency of block trades, institutional Know Your Customer processes and others. Compared with traditional derivatives, the proportion of institutional investors in the…

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6 Questions for Wendy O of The O Show – Cointelegraph Magazine

2 — Who would you hire in a heartbeat, and why? An underdog. Someone who is currently transitioning in life and looking for a second chance. I feel there are so many talented people in the world that often get overlooked due to their personal background or not having a college degree; society needs to do better and show compassion to people. Not everyone comes from the same place and generally those with a troubled past can bring unique life experience to a situation a more straitlaced person couldn’t.  …

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20 Blockchain Surveillance Firms Monitor Crypto Networks, But Some Apps Show Inaccuracies

During the last few years, blockchain surveillance has increased a great deal and in the early days around 2013-14, there were only a handful of firms. Now there are more than 20 blockchain analysis companies that monitor addresses, transactions, and making sure addresses are AML/CFT compliant as well. The Rise of Blockchain Analysis Ventures In the early days before 2013-14, bitcoiners and cryptocurrency users didn’t really hear about blockchain surveillance. Nowadays, there’s a large slew of companies offering services like analytics, monitoring, and identifying blockchain codebase vulnerabilities. A number of…

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9 Countries Show Huge Growth in Cryptocurrency Interest: Coinmarketcap

Coinmarketcap has revealed the top countries with the largest increase in the number of users. One segment shows the countries with the most user growth in the first quarter include India, Pakistan, Colombia, Canada, and Nigeria. The countries with the most female user growth include Greece and Romania. 46% Increase in Youth Users, Nigeria Up 211% Leading cryptocurrency price and market data provider Coinmarketcap published a report Friday highlighting the crypto market and user trends for the first quarter of this year. The company explained that the data analyzed comes…

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Traditional Traders Show Growing Interest in Crypto

A survey published on March 31 revealed that senior trading executives believe that large companies in the business would be interested in taking advantage of the recent crypto plunge, particularly Bitcoin (BTC). According to the Adoption of Digital Asset Trading report published by Acuiti management intelligence platform, about 100 venues capable of trading cryptocurrencies have launched for institutional clients. The survey shows greater adoption of digital assets among sell-side service providers (26%) than traditional trading firms (17%). However, it clarified that the adoption rates are limited to the CME or…

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AI-Managed Bitcoin Trading Accounts Show Significant ROI – Bitcoin Magazine

This is a sponsored article provided by World Markets. Looking for the next best thing to invest in is difficult — sometimes you get in too late and miss the opportunity of a lifetime. Trading in the cryptocurrency market can be extremely profitable if done correctly, but it requires a deep understanding of the market you’re in. One of the most exciting and yet difficult things that the crypto market has to offer is its volatility. This same factor has made people millionaires but has also cost others a fortune.…

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