Fans of the Bored Ape Yacht Club – look no further. ApeCoin (APE) has arrived to the BitMEX ecosystem. Our USDT-margined APE perpetual contract is now live and available for trading. Users will be able to select up to 33x leverage – one of the highest offered on ApeCoin in the derivatives space.APE in with...Read More
Fans of the metaverse – look no further. We’ve just listed four linear perpetual swaps, which are settled and margined in USDT.This is the first time MANA and SAND perpetual swaps have been listed on BitMEX.Please see below the details of the new contracts available. Contract Contract Type Contract Size Max Order Quantity Lot Size...Read More
Months before the commencement of the bull run in December 2020, DeFi was receiving all the attention in the summer. Decentralized applications were building a new financial system on Ethereum, and the demand for block space on ETH was rapidly increasing. Soon, yield farming became a common term and the popularity of DeFi triggered further...Read More
Over the past few weeks, the rise of Bitcoin in the charts has overshadowed other developments in the industry. Between 26th November to press time, Bitcoin has grown by 123%. The particular importance of that timeline will be narrated later on as we move on to the topic of stablecoins. According to Coinmetrics, stablecoins have...Read More
Bitcoin’s market cap, briefly, went past Tesla’s, as the cryptocurrency’s price surged to a new ATH of $41,940. Despite BTC falling at press time owing to a wave of corrections, bullish sentiments claim Bitcoin will be heading towards higher figures amid the U.S dollar’s weakness and growing institutional demand. While some metrics anticipate a coming...Read More
Despite a tumultuous 2020, stablecoins not only managed to stay ahead, but showed considerable growth and industry penetration. From a COVID-induced black swan event to an explosion in DeFi to Bitcoin’s stark price surge, 2020 has been a defining year. Stablecoins, in particular, saw major developments, both in terms of adoption and regulations. Major Stablecoin...Read More
With XRP’s price being dragged through the mud, Ripple is on high alert and preparing for the suit. This lawsuit by SEC has sent ripples across the industry [pun intended] and people are questioning what’s next? or more precisely ‘who’s’ next? Some say it could be Link, Bitcoin, or even Ethereum, but if we are...Read More
Tether’s market capitalization has mushroomed from $2 billion in February 2019 to $20 billion, at the time of writing. What went behind this 10x growth varies across a host of factors, namely, the increase in OI and trade volume in Bitcoin and the rise of DeFi. It is a story within which several other stories...Read More
Bitcoin’s price and its surge in market cap call for a celebration, however, what most people have been missing is the surge in stablecoins. As of Wednesday, Bitcoin hit a new high not seen in the last two years and this is only for the price, in fact, the all-time high [ATH] is only 9%...Read More
USDT has replaced XRP yet again, to rank third in market capitalization. Based on data from Skew, it has hit a new high of $18 Billion. On Coinmarketcap.com, Tether’s market capitalization is 0.13 Billion shy of 18 Billion. USDT Market Cap || Source: Skew So is Tether taking on the popular altcoin XRP or is...Read More
Bitcoin’s price rallied from $15,500 to $16,000 in less than seven days. Based on data from CoinMarketCap, the last time the price crossed $16,000 was way back in January 2018. However, notwithstanding Bitcoin’s recent price performances, the hype around the hike in 2018 was much higher than the one we are seeing today, in 2020....Read More
With the Bitcoin Fear and Greed Index noting a reading of 88 on the charts, based on data from Alternative, the trade volume of Tether was noted to have dropped by nearly 4%. In fact, the drop was pretty noticeable on the price charts too as Tether hit a low of $0.99 for the first...Read More
Stablecoins are hotter than ever, with Tether’s trade volume surpassing Bitcoin’s by 55% in the past 24 hours. Led by surges in the USDC and USDT, the total number of stablecoin daily active addresses has topped 265K. Stablecoin Active Address || Source: Coinmetrics The above chart by Coinmetrics is smoothed using a 7-day rolling average....Read More
With several blockchains integrating the USDC stablecoin last week, crypto payments tech firm Circle announced today that it would now make the dollar-backed stablecoin available for the Solana blockchain, after partnering with the firm. According to Circle, Solana, the blockchain behind decentralized exchange Serum, supports up to 50,000 transactions per second (tps). This surpasses Ethereum’s...Read More
When Bitcoin’s price action gets hotter, altcoins start rallying towards double-digit growth on their charts. That’s not exactly a guess either, as this insight can be gained from previous altcoin rallies. Now, consider the opposite for a second. What if the narrative was flipped on its head and this time, the altcoins pumped well before...Read More
Tether’s market capitalization is 47% higher than XRP and it ranks third, after Bitcoin and Ethereum. Despite being shrouded in controversies, it has led the stablecoin market and added $100 million in market capitalization every day since July 2020. Tether reserves on exchanges dropped in August 2020, however, there was a recovery above the 1.5...Read More
Cryptocurrency exchange KuCoin’s hack has been the talking point of the week, with the culprits involved later making headlines after they tried to move the stolen crypto onto several decentralized exchanges. The hack and its perpetrators are in the news again today after Whale Alert revealed that part of the stolen funds, including a lot...Read More
This year witnessed close competition between major assets raking in great profits. However, the actors who also contributed to the smooth transfers of most major cryptos were stablecoins, which have also witnessed exponential growth in the year 2020. The total volume of stablecoins in circulation has reached $20 billion, as USDC carves a higher share....Read More
In light of rising institutional interest and Bitcoin’s press time RoI of 53.17% YTD, it may be the right time to evaluate what comes after 60/40. Once the mantra of Wall Street Bulls, 60/40 is now a passé strategy. Allocating 60% broadly to stocks and 40% to bonds assured relatively good returns with low-risk exposure...Read More
Stablecoins have added $100 million a day in market capitalization over the past three months. Tether has contributed to this market cap with a trading volume that is 1.84 times that of Bitcoin as of September 7, 2020. However, this is only the tip of the iceberg. Tether reserves on exchanges, that were primarily used...Read More
Tether has become more mainstream than ever. It ranks third with a market capitalization of $13.7 B with its market dominance having increased by 2.9% since August 31, 2020. Source: CoinMarketCap However, this level of dominance and explosive growth makes it an outlier in stablecoins. Tether was introduced as the ‘digital dollar’ for facilitating entry...Read More
China is in the news a lot. Whether it be Bitcoin, a trade war, or a pandemic, a closer look usually reveals that much more is happening under the hood, especially when it comes to all things crypto-related. In addition to altcoin trading or trading in general, stablecoin transactions are also highly concentrated in China....Read More
BigONE Exchange, one of the world’s safest crypto exchanges, has taken on a new sheen as it just launched a brand new VIP system that converts a user’s every engagement with the platform into his or her own benefits, be they discount on spot trading fees, reduction on leverage interests rates, or an increased referral...Read More
In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn since May 11. Additionally, statistics from Bituniverse’s exchange reserve data indicate...Read More
Bitcoin.com’s Exchange continues to grow and during the last few months, the platform has added support for a number of well known tokens. This week, the trading platform has added support for the Reserve stablecoin (RSV) and the project’s utility token (RSR). Bitcoin.com Exchange users will be able to trade RSV and RSR with trading...Read More
Digital currency markets have been rising again as the entire market capitalization of all 5,000+ coins has jumped above the $200 billion mark. The increase in crypto trade volume and coin values has followed alongside the recovery traditional equity markets saw on Monday. On Tuesday, most of the digital assets in the top ten are...Read More
Porn sites have been experiencing increased traffic as the number of people under lockdown or quarantine rises due to the coronavirus pandemic. Many of these sites accept cryptocurrencies, including Pornhub. The popular porn site currently offers residents of some countries free premium membership for a limited time to help them stay home during the covid-19...Read More
During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called the outputs “abuse” and “spam.” Also Read: Central Bank Gold Hoarding Hits 50-Year High...Read More
During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents are still uncertain about the future trajectory and whether...Read More
Digital currency prices plummeted on Tuesday, as cryptocurrency markets lost billions during the morning trading sessions, New York time. BTC dropped well below the $7k range and other digital assets followed BTC’s path with sharp losses. Crypto prices haven’t been this low since May as the market valuation of the entire cryptoconomy is struggling to...Read More
