Pantera’s Krug: The Next Crypto Bull Run Will Bring A 1000% Gain And Hit $2 Trillion In Market Cap

Just recently, Ethereum’s Vitalik Buterin went on record saying that the crypto market, and Bitcoin in particular, couldn’t possibly experience a second mega price surge in the thousands. Well, someone seems to disagree with that assessment. That someone is the Chief Investment Officer (CIO) of Pantera Capital.  Joey Krug presides over the investment decisions of one of the largest crypto investment funds on the planet. The Crypto Market From Joey’s Angle Speaking to Bloomberg, Joey had a thing or two to say about what he thought of as the imminent…

0x Surges 30% After Coinbase Listing, Which Crypto is Next?

0x (ZRX), better known as the 0x protocol, experienced a 30 percent increase in value within mere minutes after Coinbase, the world’s largest crypto brokerage, officially integrated ZRX. In an official announcement, Dan Romero, Coinbase vice president and Coinbase Consumer general manager, wrote: “Starting today, Coinbase supports ZRX at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, send, receive, or store ZRX, along with Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin. ZRX will be available for customers in most jurisdictions, but will…

CME Group: Bitcoin Futures Trading Is Up 41 Percent in Quarter Three

Bitcoin futures trading is up. American financial market company CME Group Inc. announced on Twitter early on the morning of Wednesday, October 17, 2018, that its futures products are experiencing rising volume, explaining, “In Q3, Bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2.” This is a massive improvement over just two months ago when CME stated that volumes on the futures markets had been in the hole for three consecutive trading sessions. During that time, CME’s data reported less than 2,500 BTC transactions…

No Connection Required: How One Dev Sent Bitcoin While Off the Grid

Following a partnership between Samourai Wallet and goTenna, which now allows users to send bitcoin transactions offline, one developer in New Zealand is staying ahead of the curve. Detailing the feat in a series of tweets, Rigel Walshe used a $27 entry level, Android smartphone and four goTennas (portable devices used to create off-grid radio signals) to successfully send a bitcoin transaction without access to the internet. Over the weekend I sent a bitcoin transaction to a relay 12.6km away with no cell network or internet connection. Here’s a tweetstorm about how I used…

Bitcoin Futures Trading Rose 41 Percent in Q3: CME

Bitcoin futures trading volumes continued to rise in Q3, with derivatives exchange CME reporting a 41 percent quarter-over-quarter increase in average daily volume. Bitcoin Futures Volumes See Major Bump in Q3 During Q3, the exchange averaged 5,053 contracts — each equivalent to 5 BTC — traded during each daily trading session, representing 25,265 BTC in volume. Open interest in CME’s bitcoin futures market saw a significant bump as well, rising 19 percent quarter-over-quarter to an average of 2,873. In Q3, Bitcoin futures average daily volume rose 41% and open interest was…

BTC/USD in Bull Trap, Again

The Bitcoin-to-dollar exchange rate consolidated sideways as an extension to its intraday stable action. The pair seems to have found a decent support above 6400-fiat, but an equally stubborn resistance near 6530-fiat is holding its gains. Currently, BTC/USD is trading at 6439-fiat, down 0.54 percent from the previous day’s close. On the fundamental front, Fidelity, a multinational financial service with a Wall Street status, has revealed its plan to commit its Bitcoin trading plans for hedge funds. The event attests to institutional investors’ growing interest in adding digital currencies to…

Crypto Exchange Binance Adds Compliance Tools from Chainalysis

Binance, the biggest cryptocurrency exchange by trading volume, is working with crypto compliance and investigation software provider Chainalysis to implement a new global compliance solution, the companies announced Wednesday. As part of the partnership, Chainalysis will provide access to its “Know Your Transaction” compliance software, enabling the exchange to monitor cryptocurrency transactions in real-time, according to a press release. In particular, the tool will look for potentially criminal or otherwise illicit activity. Binance’s chief financial officer, Wei Zhou, told CoinDesk that he hopes the move will “inspire” the crypto industry…

Asian FinTech Completes Ripple Blockchain API Payment

A central-bank approved Malaysian Fintech startup that has specializes in international money transfers has completed its first cross-border transfer on RippleNet, Ripple’s enterprise blockchain platform using an API solution. With a payment from Malaysia to Spain, Kuala Lumpur-based MoneyMatch has completed its first cross-border blockchain transaction, a local report from Focus Malaysia confirmed. The transaction, which enabled a retail user to convert Malaysian ringgits (MYR) to Euros (EUR) at a ‘significantly lower cost’ compared to traditional transfer services was completed in a matter of hours, the remittance firm revealed. In…

Bitcoin Price Watch: BTC/USD Could Dip and Rip Above $6,520

Key Points Bitcoin price is consolidating below the $6,520 resistance level against the US Dollar. Yesterday’s highlighted key ascending channel is active with support at $6,430 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could decline a few points towards $6,400 or $6,380 before it climbs higher. Bitcoin price is currently trading in a range above $6,400 against the US Dollar. BTC/USD must break $6,520 to accelerate gains in the near term. Bitcoin Price Analysis During the past few sessions, there was hardly any…

India’s Largest Internet & Mobile Body Forms a Blockchain Committee

In a marked move to advance the development of the domestic blockchain ecosystem in India, the country’s influential internet industry association has formed a committee dedicated to the decentralized technology. With the new blockchain committee, the Internet and Mobile Association of India (IAMAI) is looking to engage with the government, the wider industry and startups in the burgeoning sector to develop the ecosystem, India’s most-read business daily the Economic Times report. A pointed focus is to use blockchain tech to facilitate job creation for the new digital economy in the…