Category: Markets

Deltec, the bank for stablecoin issuer Tether, bought ‘large position’ in Bitcoin for clients

Deltec, the bank for stablecoin issuer Tether, bought ‘large position’ in Bitcoin for clients

Deltec, the Bahamas-based bank that holds the reserves for stablecoin giant Tether, holds a “large position in bitcoin” according to its chief investment officer. CIO Hugo Rogers disclosed the investment during a year-in-review video published on January 14. Specifically, the comments about the bitcoin position were in the context of a question about Deltec’s “high […]

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Coinbase unveils ‘Asset Hub’ for digital asset issuers that want to list their tokens

Coinbase unveils ‘Asset Hub’ for digital asset issuers that want to list their tokens

Coinbase is launching a new service for digital asset issuers that seek a listing on the biggest U.S.-based crypto exchange. Dubbed the Asset Hub, Coinbase’s service is “a simple, streamlined product for issuers to list their assets and do business with Coinbase,” the company’s chief product officer, Surojit Chatterjee, wrote in a blog post published […]

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Bitcoin Price Spike Targets the $40K Handle, Crypto Economy Recaptures $1 Trillion Market Cap

Bitcoin Price Spike Targets the $40K Handle, Crypto Economy Recaptures $1 Trillion Market Cap

Crypto asset markets have seen some significant gains over the last 24 hours recapturing much of the losses suffered a few days ago. The entire crypto-economy valuation is now back over the $1 trillion mark and bitcoin has jumped above the $40k handle on January 14. Bitcoin (BTC) and a number of other digital assets […]

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Monday was a record-breaking day for Coinbase and Binance

Monday was a record-breaking day for Coinbase and Binance

Cryptocurrency exchanges Coinbase and Binance broke their all-time highs for volume on Monday, according to data compiled by The Block.  Coinbase reached $9.56 billion in daily exchange volume — about a 57.9% increase from its $6.05 billion previous peak in January 7, 2021. On the same day, Binance reached $30.66 billion. That’s roughly 38% greater […]

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Crypto Prices Show Signs of Recovery, Market Analyst Says ‘Bitcoin Remains in a Healthy Place’

Crypto Prices Show Signs of Recovery, Market Analyst Says ‘Bitcoin Remains in a Healthy Place’

Bitcoin and a number of other cryptocurrencies have regained some of the percentage losses they suffered this past Monday, as various crypto assets are up today between 5-25% in value. On Monday, the crypto economy dipped under the $800 billion handle after the entire market cap fell from its trillion-dollar valuation. Today, the overall market […]

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$2.9 billion: Bitcoin liquidations kick up broader market headwinds

$2.9 billion: Bitcoin liquidations kick up broader market headwinds

Bitcoin’s historic rise came to a halt over the weekend — but the industry’s largest trading desks aren’t too concerned.  After soaring to all-time highs near $42,000, the price of bitcoin briefly dropped below $31,000 on Monday in a move that market-making executives say was driven by a flurry of liquidations. Coinbase saw a low […]

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Crypto Markets Suffer Heavy Losses, Bitcoin Price Sinks More Than 25% in 24 Hours

Crypto Markets Suffer Heavy Losses, Bitcoin Price Sinks More Than 25% in 24 Hours

Cryptocurrency markets have suffered significant losses during the last 24 hours, as the entire crypto market cap has dropped below a trillion to $823 billion losing roughly 9.9% in value. Since the bitcoin price height on Sunday, January 10, bitcoin’s price plummeted over 25%, seeing the largest price dive of the year. Digital currency markets […]

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A guide to The Block’s data dashboard

A guide to The Block’s data dashboard

The Block’s data dashboard is available via this link or the navigation bar under “Data”. Categories There are four major categories on the data dashboard, each of which has multiple sub-categories: Markets. Everything related to the crypto trading activity. This includes spot, futures, and options markets — with regards to cryptocurrency and token prices and […]

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December saw the highest monthly volume for Ethereum futures to date

December saw the highest monthly volume for Ethereum futures to date

The volume for Ethereum futures reached $257.06 billion in December, according to data compiled by The Block. December’s total was $10.8 billion (4.4%) more than November 2020, which was the previous high, per Skew data. Huobi reportedly the largest volume share at 32.8%. Binance came in with a close second at 32.1% of Ethereum futures […]

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