Author: NBTC
Uniswap has been continuing to improve its services for the users. In a recent move, it announced the launch of candlestick charts that will help users with their financial decisions. The candlestick chart feature has gone live on the network and interested users can utilize it. Candlestick Charts A Candlestick chart is an important function that can help financial decisions based on the performance of an asset. In crypto or other assets, it is the visual representation of the trading activity. Thus, an investor can make informed decisions in a few minutes without consulting a range of resources. These charts…
Quick Take As Bitcoin’s price hovers around $63,000, slightly down over the past 24 hours, the options market is providing insights into shifting investor sentiment ahead of the expiration on April 26. A key development has been the reduction in positive gamma exposure as Bitcoin declined through the heavily traded $65,000 call strike. According to Imran Lakha, a 20-year professional options trader notes: Short gamma reduced on the way down as we went through the big long strike at 65k suggesting volume has been smashed lower, calls are getting dumped The options open interest data provided by Deribit reveals a…
A whale, a major player in the world of cryptocurrencies that makes large transactions and has a significant impact on the market, has re-entered trading in Ethereum. Although he has made a long on the asset before and has sustained losses of about $ 4.63 million, the whale is still optimistic about the future. This whale, who previously lost $4.63M by going long $ETH, is going long $ETH again.He has withdrawn 6,965 $ETH($21.9M) from #Binance and deposited it to #Compound in the past hour, then borrowed 14.5M $USDT.https://t.co/HvLu7N4DnM pic.twitter.com/dwWYCW3rq7 — Lookonchain (@lookonchain) May 5, 2024 Whale Borrows $14.5M USDT in…
Giovanni Vicioso, head of crypto at CME Group, recently spoke about the impact of Bitcoin ETFs on the crypto industry. According to Vicioso, these ETFs have not only legitimized the industry in the eyes of Wall Street, but have also forced major distribution networks and marketing firms to promote Bitcoin to their customers. Vicioso explained that the role of investment advisors has evolved into educating their client base on the importance of Bitcoin. They now have a familiar product, Bitcoin ETFs, to facilitate this process. Previously, conversations with customers about Bitcoin revolved around basic questions such as what Bitcoin is,…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets Worldcoin with a new bill. South African Ponzi Scheme Mastermind Dies of Heart Attack in Brazil Johann Steynberg, a South African bitcoin Ponzi scheme mastermind, reportedly passed away in Brazil after succumbing to a blood clotting condition known as pulmonary thromboembolism. At the time of his reported death, Steynberg, the CEO of the bitcoin…
Binance Futures, a leading cryptocurrency derivatives trading platform, has announced plans to delist and update several perpetual contracts, including USDⓈ-M STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT. Binance Futures Announces These Perpetual Contracts Have Been Delisted and Updated The platform will initiate the closing of all positions and perform automatic settlements for USDⓈ-M STPTUSDT, SNTUSDT and MBLUSDT perpetual contracts at 12:00 on May 13, 2024. Then, RADUSDT and CVXUSDT contracts will undergo the same transaction at 12:00 on May 14, 2024. These contracts will be delisted upon completion of settlements. Additionally, Binance Futures will make adjustments to the leverage and collateral…
The US Securities and Exchange Commission (SEC) has delayed decisions regarding options trading on spot Bitcoin exchange-traded funds (ETFs) and is expected to deny the proposals for Ethereum ETFs. These decisions reflect the cautious approach of the regulatory body towards cryptocurrency products in the financial markets. SEC Might Delay Bitcoin and Ethereum ETFs The SEC has postponed its decision on the approval of options trading for spot Bitcoin ETFs. This delay, announced in a recent filing, calls for further public input on the matter. Industry participants and observers are now invited to submit comments within a 21-day period, with rebuttals…
Ethereum price started a recovery wave above the $3,000 zone. ETH is now above the 100-hourly simple moving average and facing hurdles. Ethereum found support at $2,820 and started a recovery wave. The price is trading above $3,100 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,165 resistance zone. Ethereum Price Holds Ground Ethereum price remained stable and started a recovery wave above the $3,000 level, like Bitcoin. ETH was…
The layer two (L2) project Stacks has officially released its public Nakamoto Testnet, offering a refined testing ground for developers and signers ahead of the mainnet launch. Stacks Introduces Nakamoto Testnet for Comprehensive Pre-Mainnet Testing In a significant step forward for the Stacks ecosystem, the Nakamoto Testnet has been introduced, providing a formal and public environment for testing and development. On Tuesday, the project’s head of content Claire Topalian detailed that the initiative marks a refinement from the earlier Pre-Launch Testnet, specifically tailored for core developers. Essentially, the Nakamoto Testnet is designed to mirror the eventual mainnet conditions closely, providing…
Crypto, “including Bitcoin,” will be excluded from an amended South Korean donations law, government officials announced on May 5. Per Kyunghang Shinmun, the Ministry of the Interior and Safety said it wanted to “expand the scope” of donations – but has decided against allowing citizens to donate crypto. Donations Plans: Crypto Excluded The ministry plans to make amendments to the Enforcement Decree of the Act on Collection and Use of Donations. These amendments will allow citizens to donate a slew of cash alternatives to charitable causes. These include loyalty points from tech giants such as Naver, as well as department…