Bitcoin (BTC) Futures Open Interest Hits $14B for the First Time

Summary: Bitcoin’s aggregated open interest has hit a new high of $14B Bitcoin has just set a local high of $40,960 – Binance rate The King of Crypto has printed what looks like an ascending triangle A resolution of the triangle to the upside could result in new highs for Bitcoin in February However, selling by miners in preparation for the Chinese New Year could slow down BTC’s progression higher The total, or global, Bitcoin futures open interest has just reached a new all-time high of $14 Billion. This milestone…

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Floyx and OkCash Integration: How These Platforms Will Work Together

GZIRA, MALTA / February 10, 2021 / Following its procedure to integrate with the growing and customer-friendly cryptocurrencies, Floyx has integrated OkCash on its platform. This integration comes with several benefits for the OkCash community and Floyx users. Floyx is a much-needed substitute that is dedicated to cryptocurrency traffic and allows inclusive community engagement. Floyx and OkCash Integration As the cryptocurrency ecosystem expands, the community is faced with two outcomes. One, they stand to gain from authentic and highly profitable projects. Second, they are equally vulnerable to incur a loss at the behest of scams,…

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Tether’s (USDT) Market Cap Has Increased by 45% in 2021 Exceeding $30B

Quick take: Tether’s (USDT) market cap has increased by 44.9% since the beginning of 2021 hitting $30.33 Billion Demand for stablecoins has increased as traders look for fiat onramps Furthermore, DeFi on both Tron and Ethereum has accelerated the use of USDT The market capitalization of Tether (USDT) has increased by a whopping 44.9% since the beginning of 2021 to hit a new all-time high of $33.334 Billion. This is according to data by the team at CryptoRank Platform who shared their observation of the growth by Tether via the…

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Crypto Portfolio Tracking App Apologizes for Racist Messages Sent to Customers- Investigations Underway

The crypto portfolio tracker Blockfolio, owned by the exchange FTX, got its messaging system compromised, as racist notifications started to appear. Blockfolio’s users received the offensive messages with a warning that they’re about to lose all funds. Some Offensive Messages Included a URL Reportedly Linked to Pornography According to the crypto tracker and trading app, they’re almost entirely back with their notification system, and the company issued a public apology: We are incredibly sorry about the offensive messages posted today. No funds/etc were affected; this did not interact with any…

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Overall bitcoin-related crime fell last year

Cryptocurrencies have taken over the global market in almost every single aspect. The cryptos such as Bitcoin have especially gained popularity over the years. With the constantly increasing volume of customers, the companies have to find alternative ways of implementing cryptos in their operations. There are several valid reasons why cryptos are playing a big role in the economy and business making. Some of those factors include the transparency, safety, and security of the funds, which is the essential point for many individuals as well as companies. Moreover, certain countries…

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Lightning Network node count hits record high, TVL tops $42M

Will Bitcoin’s premier layer-two solution finally graduate from experiment to everyday utility, following its adoption by major exchanges? The Lightning Network has grown 75% in size over the past year, hitting a record high 8,900 nodes for the first time on Feb. 8, according to LN monitors at Bitcoin Visuals.  A significant proportion of the increase occurred more recently, suggesting that some Bitcoiners are gravitating toward the layer-two solution, potentially as a means of escaping ever-increasing transaction fees. The total BTC locked in LN channels has remained in the 1,000…

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