Category: Huobi

Crypto Derivatives Surge, Bitcoin Options Open Interest Climbs to $9.6 Billion

Crypto Derivatives Surge, Bitcoin Options Open Interest Climbs to $9.6 Billion

Bitcoin options open interest has reached $9.6 billion according to derivatives market data as the metric is nearing the high captured on January 7, 2021. Moreover, the aggregate open interest in bitcoin futures is steadily nearing all-time highs. While cryptocurrency spot markets have consolidated, bitcoin-based derivatives markets have seen continuous action. At the time of […]

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Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High

Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High

The Bitcoin network’s hashrate has been operating at very high processing speeds during the last few weeks, as the overall hashrate touched a whopping 171.2 exahash per second (EH/s) on Monday. Moreover, the network’s mining difficulty has also touched an all-time high (ATH) at 20.61 trillion, the highest difficulty the network has ever experienced in […]

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Massive Exodus of Bitcoin Continues to Leave Exchanges, Over 87,900 BTC Withdrawn in 30 Days

Massive Exodus of Bitcoin Continues to Leave Exchanges, Over 87,900 BTC Withdrawn in 30 Days

Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase […]

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Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike

Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike

Bitcoin derivatives markets have been seeing significant demand in recent months at the same time bitcoin spot markets climbed to all-time price highs and surged 149% during the last three months. Just recently the leading bitcoin options exchange Deribit announced the launch of both $120k and $140k strikes, and data from skew.com shows some June […]

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Huobi Returns To The U.S. After Receiving Nevada Trust License

Huobi, one of the most popular cryptocurrency exchanges globally, plans to return to the United States, after a long time outside the United States and ceasing its operations in 2019. According to a new announcement published by Huobi Tech, the exchange is returning after obtaining a Trust Company License from the local regulator in the […]

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Massive Deposits By Bitcoin (BTC) Whales At Exchanges, Avoid ‘Buy on Dips’

As Bitcoin (BTC) continues to flirt around $19,000, investors are at a crucial junction to decide whether to buy or sell. Although the institutional developments suggest a buy, the inflow data at the exchange by the Bitcoin whales suggest otherwise. On-Chain Data From Santiment Shows Drop In Wallets Holdings Large BTC Quantity Popular on-chain crypto […]

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DeFi lending protocol startup Swivel Finance raises $1.15 million in seed funding

DeFi lending protocol startup Swivel Finance raises $1.15 million in seed funding

Swivel Finance has raised $1.15 million in a seed round led by investment firm Multicoin Capital. The seed round included investments from Electric Capital, CMS Holdings, Defiance Capital and Divergence Ventures. Several angel investors also participated in the round, including Huobi corporate investment advisor Alex Pack and Aave founder Stani Kulechov.  According to the team […]

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Crypto Giant Simplex Launches Banking Features To Facilitate Fiat to Cryptocurrency Transactions

Crypto Giant Simplex Launches Banking Features To Facilitate Fiat to Cryptocurrency Transactions

The Israel-based provider of fiat to cryptocurrency solutions, Simplex, has announced the launch of a new feature aiming to facilitate digital asset purchases and sales. Dubbed Simplex Banking, it will work jointly with cryptocurrency wallets, exchanges, and outlets. Simplex Banking Launched Founded in 2014, Simplex is an EU-licensed financial infrastructure describing itself as a provider […]

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Research Suggests Bitcoin Buying Ramps Up When Traditional US Markets Open

Research Suggests Bitcoin Buying Ramps Up When Traditional US Markets Open

While bitcoin and a number of digital assets set new 2020 price highs, a variety of crypto-asset commentators have detailed that since October, there’s been a lot of bitcoin buying action during U.S. market hours. Data shows that between East Asia and North America, the two regions account for close to half of all the […]

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