Back in spring and summer one big talking point was the climate impact of mining Bitcoin (among others). This was the conversation that got me started in crypto. I want to hear what your favorite green coin is and why you think it’s worth a look. I’m including a list of some below, but I’m…
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Although the project was a success, the central banks warned that significant rulebooks, contingency procedures and monitoring capabilities were needed to ensure the success of a CBDC.
He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said that his administration was mining Bitcoin, because from what I've heard this kid say in those…
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Whalemap, a popular blockchain analytics platform that uses data science to deliver real-time actionable trading insights, has announced the successful closing of $1.6 million in capital led by Shima Capital and Momentum6, with participation from Anthony Pompliano, Ghaf Capital, NFT Technologies, RR2 Capital, EIV Ventures, as well as angel investors from Coin98, Claystack, Solstarter and Rarestone. Since being founded in early 2020, Whalemap has been committed to making the blockchain industry more beginner-friendly, exciting, fun, and useful. To date, the company has secured over 34,000 users and over 1 million lifetime API requests. One of the team’s primary goals is to shed light on data and insights that are traditionally only available to hedge funds while keeping it visually intuitive and simple. Whalemap Co-Founder Artem Lazarev said, “We see a future where blockchain analytics are an integral part of a mature crypto economy. And in the age of information overload, it is important to make it practical, engaging, and mainstream compatible. So far, blockchains have allowed for the democratization of the finance world. Now, with Whalemap’s help, it’s analytics’ turn.” “Strong on-chain analytics in the crypto space has yet to be solved and Shima Capital is excited to back Whalemap which has the opportunity to deliver on becoming the Tableau of crypto,” stated Yida Gao, Founder of Shima Capital. Whalemap Co-Founder Andy Bohutsky said, “Whalemap makes all traders equal. We democratise data and give every crypto enthusiast the key to analysing blockchain data. We utilise our tokemomics to make hedge fund level of data accessible to everyone.” The raised funds will be used to expand Whalemap’s engineering team, especially on the data science and blockchain engineering side, and to weave all Whalemap features into a sustainable blockchain data analytics platform with mainstream adoption in mind. For that, the team is expanding the platform’s functionality with mempool and DeFi analytics. Whalemap also focuses heavily on creating educational content and accessibility, partnering with Kouroush AK, Joseph Young and other thought-leaders that share in the team’s belief in educating the masses about blockchain data’s significant potential.The company will be soon announcing more details around its public sale slated for December 17, 2021. You can stay up to date with Whalemap on their official Website or Twitter.
Crypto hedge fund Three Arrows Capital (3AC) has acquired over half a billion worth of ETH following the rant of Zhu Su, its CEO, on Twitter, in which it put ETH on blast. Between November 20th and 22nd, Zhu wrote on Twitter that he had “abandoned Ethereum despite supporting it in the past.” Among the…
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The Biden-Harris administration has unveiled its strategy on “countering corruption.” It includes utilizing the government’s newly established task force, the National Cryptocurrency Enforcement Team, to focus on “complex investigations and prosecutions of criminal misuses of cryptocurrency.” US Crypto Enforcement Strategy for ‘Countering Corruption’ The White House announced Monday, “In line with the president’s direction, the […]
Bitcoin has recorded significant losses in just the first week of December. The digital asset has taken some of the largest hits for the year in just last week alone following liquidations over the weekend. This has expectedly had a huge impact on the amount of open interest in bitcoin. Following the dump, BTC denominated open interest took a nosedive. The dip in open interest was significant enough to near-record levels for 2021. With bitcoin losing more than $10,000 in value, open interest had declined rapidly. This is worrying given that open interest had dropped not too long ago and another drop this time around does not spell good news for the market. Related Reading | Majority Of Bitcoin Investors Got In This Year, Says Grayscale Bitcoin Open Interest Records Second-Largest Decline With the drop from $54,000 to as low as $40,000 on some exchanges, open interest figures plummeted. The liquidations of future positions opened the asset up to a cascade of further liquidations and open interest dropped 26% in this time frame. BTC dominated open interest volumes fell from 390,000 BTC to 330,000, as reported by Arcane Research. BTC Open Interests sees shart decline | Source: Arcane Research Saturday saw the second-largest daily drop in open interest as it lost 58,000 BTC in one day alone. It is the largest decline in a six-month period as the last time the market recorded such a sharp decline in open interest was on May 19th, which admittedly recorded a larger decline than that witnessed on Saturday. The drop in BTC denominated open interest correlates with the drop in price. OI (open interest) had peaked in April during the height of the first bitcoin bull rally but has repeatedly failed to attain the same high despite bitcoin recording a new high of $69,000 last month. Another dip sends BTC price to $49K | Source: BTCUSD on TradingView.com What Caused The Decline? Violent sell-offs in the market following the bitcoin price crash had been the main culprit behind the decline in open interest. The sell-offs greatly deleveraged the market, leading to losses to the tune of billions. Although the futures market has now been thrown into a healthier state following the sell-off. Related Reading | Number Of Bitcoin Lightning Network Nodes Jumps 23% In Three Months The massive deleveraging saw crypto exchanges Binance and ByBit lose a significant portion of their open interest share. Both exchanges saw their shares of this market plunge 11% to its current position at 30%. Binance recorded a 40% fall in OI on its platform and ByBit recorded an even higher decline with a 45% crash in OI. Open interest is now $3.3 billionaire and $1.6 billion respectively on both exchanges. Bitcoin denominated open interest has not recorded much recovery since the December 4th crash. Currently, open interest sits at 325,000 BTC, about 5,000 BTC lower than the 330,000 crash point on Saturday. Featured image from The Spruce, charts from Arcane Research and TradingView.com
Terra’s native cryptocurrency, LUNA, has emerged as one of the best-performing digital assets of the past 11 months.
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