Activity on the CME has expanded significantly over the past 12 months. The CME now sees more Bitcoin (BTC) futures trading than the world’s biggest crypto exchange, Binance. Open BTC interest on the CME now makes up 24.7% of the entire market, making it the top Bitcoin futures trading venue in the world Continue Reading on Cointelegraph More
On Nov. 28, the U.S. Dollar Strength Index (DXY), which measures the U.S. dollar against major fiat currencies, hit a three-month low. Investors are increasingly betting that the U.S. Federal Reserve (Fed) will cease raising interest rates, exerting downward pressure on the domestic currency. This sentiment has led fixed-income investors to seek higher yields abroad, resulting in selling pressure on the U.S. dollar.Continue Reading on Cointelegraph More
As emerging technologies take a big piece of global attention, all eyes are now on the convergence of blockchain technology, big data and AI. These technologies put together are creating something magical for businesses that helps them perform better. Continue Reading on Cointelegraph More
In a conversation with Cointelegraph, Fireblocks co-founder and CEO Michael Shaulov explained how Off Exchange works. He said it allows trading firms to deposit assets to a “shared” or “interlocked” MPC wallet, whose private key comprises three shards. The first shard is held by the trading firm, the second by the exchange, and the third is “triggered by an oracle.” For a transaction in this wallet to be confirmed, two out of three shards must be used to sign the transaction. This means that neither the trader nor the exchange can unilaterally withdraw assets.Continue Reading on Cointelegraph More
The SEC’s investigation, which has been underway since June, initially targeted Binance for allegedly operating an illegal securities exchange. The recent troubles for Binance.US have been compounded by an admission from CEO Changpeng Zhao, who acknowledged shortcomings in the exchange’s anti-money laundering (AML) measures and compliance with sanctions laws. Despite these admissions, the Justice Department has not charged Binance.US or its executives with misappropriation of client funds.The SEC’s increased scrutiny of Binance.US signals a broader push by regulators to ensure cryptocurrency platforms operate within legal and regulatory frameworks, especially concerning the safeguarding of client assets. The outcome of the SEC’s investigation into Binance.US could have significant implications for the cryptocurrency industry, particularly on how exchanges manage and control their customers’ assets.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
Analyzing the seasonality of BTC, it becomes evident that if October and November close in the positive, December tends to follow suit. This trend is not new, as historical data reveals similar patterns over the past decade.In 2015, after closing October and November at a positive 33.1% and 19.8%, BTC surged by 14.1% in December. The years 2016 and 2017 witnessed even more remarkable gains, with positive returns in December of 29.2% and 38.8%, respectively. In 2020, following October and November gains of 28.1% and 42.9%, BTC soared by 47.8% in December, showcasing a consistent historical trend.Source: While exceptions like 2013 exist, as experienced a 33.2% dip in December, it could be argued that the crypto landscape was markedly different, resembling the “Wild West,” with unprecedented price fluctuations, such as a staggering 453.9% surge in November that year.This year, BTC has continued its upward trajectory, closing October with a 28.5% gain and projected to end November with a 7.18% increase.Statistically, the last quarter of the year has proven to be one of the greenest for the cryptocurrency market. As of now, the fourth quarter of 2023 is closing with a notable 37.7% gain, marking the potential eighth time out of 13 years that the year concludes on a bullish note.With this historical insight, all eyes are on Bitcoin as the crypto community eagerly anticipates whether the trend will continue, making December 2023 a month to remember for enthusiasts.This article was originally published on U.Today More
On Nov. 15, the MAS introduced five additional industry pilots to Project Guardian to test various use cases around asset tokenization, which saw participation from 17 member financial institutions, including JPMorgan and Apollo. The duo collaborated to test digital assets for more seamless investment and management of discretionary portfolios and alternative assets, automated portfolio rebalancing and customization at scale.Continue Reading on Cointelegraph More
This transaction happened right after the ETH price showed a marginal rise, which followed a recent drop of 4.23%. Still, Ethereum continues to hold above the key $2,000 level so far.Earlier this year, according to data shared by @lookonchain, the several similar lumps of ETH to the same multi-signature wallet – 1,000 ETH nearly three months ago and another 1,000 ETH almost half a year ago. The goal of these transactions remains unclear and has not been commented on by any Ethereum rep so far.However, the ETH community started jumping to conclusions. Today’s ETH transfer sparked a heated discussion under the @lookonchain post as ETH holders became intrigued as to the goal of this large Ethereum transaction.Some commentators believe the Ethereum team spearheaded by Vitalik Buterin is gradually selling its corporate ETH stash as they sent critiques to the Ethereum Foundation and its frontman, Vitalik. Several people in the comments wondered if the ETH price is going to fall further because of this.Cardano founder Charles Hoskinson (who was also on the team who founded Ethereum together with Buterin) , stating, “No worries, Ethereum 3.0 will have it all sorted.”Earlier, the Ethereum staking model was heavily criticized by Hoskinson since before the actual launch of updates that comprise Ethereum 2.0 and ensure the blockchain’s shift from the proof-of-work to the proof-of-stake consensus algorithm, users were unable to unlock their ETH for several years.The Ethereum Merge upgrade that allowed the chain to begin running on proof-of-stake was launched in September last year, and ETH was not allowed to be unstaked until the next upgrade, called Shanghai, at the start of this year.Back then, several times Hoskinson emphasized on X app that Cardano stakers are allowed to unstake their coins at any time they want, and even in order to stake their ADA, they do not have to move it from their wallets, unlike in the case of Ethereum. The Cardano founder, back then, called this a fundamental difference between the Cardano and Ethereum blockchains.This article was originally published on U.Today More
