Bitcoin 

Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High

Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9. Bakkt announced the new record, stating:  “Today we set a new daily record of 1,756 Bakkt Bitcoin Futures contracts traded.” Volume spike coincides with Bitcoin price dip Twitter account dedicated to Bakkt futures trading volume data, Bakkt Volume Bot, also pointed out the development on Nov. 8.  Additionally, the daily volume of 1,741 (about $15.5 million) represents a 109% increase over the 834 contracts traded the day…

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Bitcoin 

French High School Students Will Learn About Bitcoin And Crypto

France is about to introduce an educational module to its high school curriculum that covers Bitcoin (BTC) and cryptocurrencies. In June, the French Ministry of National Education amended its study plan to incorporate the world’s largest cryptocurrency. French educators are expected to teach an introductory course that will assist students in understanding the impact Bitcoin has on the French and global economies. The ministry further provides teachers with three educational explainer videos that address questions such as “Is Bitcoin the currency of the future?”, “Can Bitcoin replace the Euro?” and “Do…

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Bitcoin 

Worldwide Google Searches for ‘Bitcoin’ Hit 3-Month High

Worldwide Google searches for “Bitcoin” (BTC) — currently worth $9,400 — are now near a three-month high, according to Google Trends. Current interest is at the highest level since early August, when BTC price was around $11,700. Africa leads in searches for “Bitcoin” Notably, three of the top five regions reporting the most searches for the keyword in question are located in Africa. The top five regions are Nigeria, South Africa, Austria, Ghana and Brazil. As reported earlier today, peer-to-peer cryptocurrency trading platform Paxful said its volumes grew 2,800% over…

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Bitcoin 

Bakkt Hits New All-Time High, With Over 450 Bitcoin Futures Contracts Traded

Bitcoin (BTC) futures volumes on digital asset platform Bakkt have hit a new all-time high, with 452 BTC futures contracts traded at press time. Per historical data from Intercontinental Exchange (ICE) — the operator of Bakkt — today the platform has traded 441 Bitcoin futures contracts for November 2019, with the last recorded trading price settling at $7,400 per Bitcoin. 11 futures contracts for December have been sold, with the last recorded trading price at $7,407. Bakkt Bitcoin (USD) monthly futures contract data. Source: ICE Twitter account Bakkt Volume Bot,…

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Blockchain 

Q3 Saw Record High Inflows, Growing Institutional Interest

Digital asset management giant Grayscale registered over $254 million in total investment into its products in the third quarter of 2019. In its Digital Asset Investment Report for Q3 2019, Grayscale provided details on the inflows into its products for the period from July 1, 2019 through Sept. 30, 2019. The third quarter of the year marked the highest demand for the company’s offerings since its establishment, resulting in $254.9 million of inflows. The figure shows a threefold quarter-on-quarter increase, from $84.8 million last quarter. The quarterly inflows into Grayscale…

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Bitcoin 

CME Group Expects New Bitcoin Options to See High Demand in Asia

The Chicago Mercantile Exchange (CME) Group expects to see high demand in Asia for its forthcoming Bitcoin (BTC) options product. Tim McCourt, CME Group’s global head of equity index and alternative investment products, told news outlet South China Morning Post on Oct. 10 that the new crypto derivative product is expected to prove as popular as the exchange’s existing BTC futures. Miners will be able to hedge their costs According to the report, as much as half of the volume for CME’s current BTC futures is accounted for by Asian…

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Bitcoin 

Bulls Push Bitcoin Price to a 2-Week High, is $9,700 Next?

On Wednesday morning Bitcoin perked up and punched above the $8,300 resistance during the U.S. trading session. Daily crypto market data. Source: Coin360 The 5% rally was well-timed as Bitcoin price was weakening after successfully managing to break above $8,200 on Monday. At the time (Oct. 7) the digital asset had spent the last few sessions pressing against the upper trendline of the descending triangle on Monday.  BTC USD 4-hour chart. Source: TradingView A closer look at the 4-hour chart shows a head and shoulder formation was in play since…

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Bitcoin 

Binance Introduces Its Market Maker Program for High Volume Users

Major cryptocurrency exchange Binance announced in a blog post published on Sept. 30 that it is launching a market maker program. Per the announcement, users whose monthly trading volumes exceed 1,000 Bitcoins (BTC) — or can reach such volumes — and who also have quality market making strategies can immediately join the program. Binance explains that the aim of the initiative is to bring more liquidity to the exchange. A bid for more liquidity The firm notes that the program is limited to the spot markets of the trading platform…

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Bitcoin 

10,000 Nodes Are Running BTC Lightning Network in New All-Time High

The number of Bitcoin (BTC) Lightning Network (LN) nodes has reached 10,000 for the first time, according to real-time LN statistics site 1ML. According to 1ML, the number of nodes on the LN has grown by 3.17% over the past 30 days to reach a record high of 10,003 network nodes at press time. At the same time, the number of nodes with active channels is 5,975 out of total of 36,246 channels at press time, with just a 0.34% growth over the past month.  The LN is a second-layer…

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Bitcoin 

Bitcoin Price Now at ‘High Risk’ of $4,000 or Lower

Bitcoin (BTC) price is heading to $4,000 after breaking support to trigger a sudden bear market, says one of its most prominent critics. Gold bug pounces on Bitcoin price drop In a tweet on Sept. 24, gold bug Peter Schiff returned to bashing Bitcoin as it fell from $9,700 to a low of $7,990 in hours.  Subsequently correcting to circle $8,500, the recovery was not enough for Schiff, who claimed the shedding of $1,800 was just the start. “Bitcoin has finally broken below the support line of the large descending…

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