Bitcoin opened the week still stuck in a price range just above $9,000 Monday, moving less than 0.2% from Friday’s close as of 20:00 UTC (4 p.m. ET), according to Bitstamp. At 00:00 UTC on Monday (8:00 p.m. Sunday ET), bitcoin (BTC) was changing hands around $9,115 on spot...
Bitcoin may seem to be more volatile than traditional assets but in crypto markets it is considered relatively stable compared to alternative cryptocurrencies.  Bitcoin (BTC) is the biggest cryptocurrency by market value. Not only is it used as the base currency of choice for trading smaller digital assets, it...
Demand to transact on the Ethereum blockchain has pushed fees to uncomfortable levels.A new technical proposal helps address high fees by implementing a dynamic pricing system.Called EIP 1559, Ethereum users would now pay a set “base fee” to the network plus a tip to miners.One technical observer calls...
Balancer fell victim to a “flash loan” exploit, a mining conglomerate sees potential in blockchain and a shareholders association said EY should have caught Wirecard’s multi-billion-dollar blackhole earlier. Flash loans are one of many novel financial products made possible through decentralized technologies. But with innovation comes risk. Here’s the...
The world’s second-largest maker in bitcoin mining equipment hopes launching its own exchange could double total revenue by 2022. In an interview with Bloomberg BNN, CFO Chen Lei confirmed the Hangzhou-based Ebang was planning to launch a regulatory-compliant crypto exchange that would strictly operate outside of China, where...
Since the end of 2017, the assumed trajectory was that well-heeled financial institutions would take the reins from retail investors, becoming the main driving force and primary investor class in crypto. But a report out last week from derivatives exchange ZUBR argues that retail investors are not just here to stay,...
Mining conglomerate BHP has completed its first trial trade of iron ore using blockchain technology. As reported by Reuters on Monday, the roughly $14 million deal with Chinese metals giant Baoshan Iron & Steel Co Ltd. (Baosteel) was conducted on a platform created by Canada-based startup MineHub Technologies. The...
New York officials have instituted a three-strike rule for crypto firms applying for the BitLicense, the Sovrin Foundation is now fun by volunteers and Aussies can now buy BTC at their post office. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain...
June 26 marks the expiration of that largest batch of Bitcoin options, and the big question is what next for BTC/USD Around 114,000 options contracts will expire today across several derivatives platforms, with a combined value of $1.06 billion. The expiration also comes as Bitcoin’s price finds resistance...
The number three decentralized finance (DeFi) application, Synthetix, is also enjoying the current boom times in bankless banking. (Warning: This post is going to go a lot of places so buckle in.) To recap, Synthetix is a platform for minting and exchanging synthetic tokens that mirror the price of other...