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Catching many traders off guard, Bitcoin rallied a jaw-dropping 10 percent on Apr. 23, jumping from $7,050 to $7,800 within what was under 30 minutes’ time, boosted by a cascading liquidation of short positions on derivatives exchanges. According to Su Zhu — the CIO of foreign exchange and crypto hedge fund Three Arrows Capital — […]

Chainlink has gained major support from cryptocurrency investors throughout 2019 and 2020 — a trend that is reflected in its massive community growth and exponential price rise. This growth has attracted the attention of some prominent figures within the crypto industry, including Gemini co-founder and CEO Tyler Winklevoss, who recently stated that he “appreciates the […]

Since its inception in 2009, Bitcoin’s price rise has been controversial across mainstream media. While most publications dismiss the virtual currency as highly volatile and random, certain data sets prove the price movements can be traced to a popular metric. Using data from Blockchain.com and superimposing price history to check for trends, a Reddit post […]

IOHK has announced that Daedalus 1.0.0 mainnet wallet has finally launched and is now available to every user of Cardano (ADA). The launch of Daedalus comes after 18 months of work and marks the beginning of a series of important launches from IOHK that will bring about Shelley, the blockchain’s staking era. The company has […]

Tezos (XTZ) is up 28 percent in the past three days, well-outperforming Bitcoin which has increased by 11 percent in the same period. Three major factors are behind the strong momentum of the cryptocurrency. Three factors that are pushing the price of Tezos are thriving ecosystem supported by large grants for projects, stable asset portfolio […]

China’s long-touted digital currency will soon start trials at three U.S. restaurant chains in Beijing, the SCMP reported on April 23, 2020. Alongside the franchise giants in the upcoming trials are local gyms, hotels, convenience stores, and a bookstore. China looks to digital currency as it seeks to go cash-less As per local filings in […]

Throughout 2019 and the first part of 2020, the growth of the decentralized finance (DeFi) ecosystem captured investors’ attention, leading to a significant influx of investors into Ethereum while also giving rise to the fast-growing stablecoin sector. DeFi’s meteoric growth hasn’t come without growing pains, however, as multiple lending protocols have faced issues that impact […]

Bitcoin saw an explosive upside movement earlier today that caught the cryptocurrency’s bears off-guard, leading to over $75 million in positions to be liquidated. Open interest (OI) on popular crypto trading platform BitMEX has also plunged in the time following this movement, with the freshly liquidated positions apparently leading many traders to move to the […]

Cryptocurrency derivatives exchange BTSE has announced the launch of a new tool that will make it easier to access OTC trading on the platform. In a press release shared with CryptoSlate, the company said that the Request for Quote (RFQ) tool will allow traders to obtain a quote on a fixed price before purchase, enabling […]

Bitcoin’s performance over the past few weeks since the mid-March bottom has undoubtedly been impressive. The cryptocurrency, after all, is up nearly 100 percent from the $3,700 lows, a performance that only companies that got supported by the U.S. government, like Boeing, have been able to match. Even still, the rally isn’t done yet. 8 […]