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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Blockchain 

Cross-Border Blockchain B2B Volume to Hit $4.4 Trillion by 2024

The value of Business-to-Business (B2B) cross-border payments carried out on a blockchain will exceed $4.4 trillion by 2024, after reaching $171 billion this year. According to a press release published by Juniper Research on Nov. 5, the firm’s new report revealed that financial institutions will save $7 billion by 2024 thanks to the advantages of blockchain-based systems.  More precisely, the report cites the lower cost, higher transparency, real-time settlement of blockchain transactions and automated Know Your Client checks based on self-sovereign identity. The author of the research, Morgane Kimmich, said:…

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Bitcoin 

Bitcoin Thermocap Approaches $15B as Miners Hit $1B in Fee Revenue

Bitcoin (BTC) miners had made almost $15 billion securing the network as of the middle of this month. Bitcoin network pays out $15B Data from monitoring and statistics resource Coin Metrics released on Oct. 15 noted that since Bitcoin’s birth in 2009, miners had received combined revenue of just under $15 billion.  Known as the thermocap, the figure includes both block rewards — “new” bitcoins paid to miners for validating a block of transactions — as well as transaction fees.  The vast majority of the thermocap consists of the block…

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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 

Bitcoin Price Skyrockets $500 in Minutes as Bakkt BTC Contracts Hit Highs

Bitcoin (BTC) surged $500 in just five minutes today after experiencing a sharp drop on Oct. 23, from $7,950 to $7,450 and sitting at the position for two consecutive days. Cryptocurrency market daily overview. Source: Coin360 According to the data from Coin360, BTC gained $536 in minutes, skyrocketing from $7,855 to $8,391. At press time Bitcoin is trading at around $8,424, up nearly 13% over the past 24 hours. Bitcoin 24-hour price chart. Source: Coin360 While the reason behind the recent drop is not clear, some community members attribute Bitcoin’s latest surge…

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Cryptocurrency 

Libra Will Not Hit the Market Without US Approval, Says Zuckerberg

The crypto sphere is known for being a disruptive force, but even this sector got a disruptive jolt of its own when Facebook (NASDAQ:FB) announced it would be launching its own cryptocurrency, Libra, in 2020. However, ever since the company announced the launch of its own stablecoin, it has come under fire from regulators from all over the world. Major Setback? As a matter of fact, even the United States President slammed the project and asked the company to instead apply for a banking license. It has now emerged that…

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Ethereum 

The Next Big Derivative to Hit the Market?

The United States Commodity Futures Trading Commission (CFTC) hasn’t come to bury Ether, it’s come to regulate it. That was the message drawn from Heath Tarbert’s remarks from the stage at Yahoo Finance’s All Markets Summit in New York City on Oct. 10, which could have important consequences for the crypto and blockchain industry. He went on: “It is my view as Chairman of the CFTC that Ether is a commodity, and therefore it will be regulated under the CEA. And my guess is that you will see in the…

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Ethereum 

Crypto Markets Turn Red, While Bitcoin Price Takes a Hit Below $8,200

Tuesday, Oct. 15 — Bitcoin (BTC) has continued to trade sideways for most part of the day, while taking a sudden dip in recent hours. Market visualization. Source: Coin360 The world’s most popular cryptocurrency traded flat for the better part of the last 24 hours, with an intraday high of around $8,400. In the last couple of hours, BTC took a sudden dip to under the $8,200 price mark, showing a loss of more than 2% on the day. Bitcoin’s average daily trading volume hovers around $15 million, while its market…

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Bitcoin 

Bitcoin’s Scarcity Will Trigger Its Price to Hit $1M in 2020

Major Bitcoin (BTC) bull, programmer and 2020 United States presidential campaigner John McAfee has explained why Bitcoin will hit $1 million in 2020. “I said $1 million and I’m sticking to one” McAfee, known for his brave prediction that the biggest cryptocurrency will hit $500,000 in 2020, has defended his recently doubled down bet that Bitcoin will cost $1 million per coin in 2020 in a Forbes interview on Sept. 30. In the interview, McAfee argues that the main trigger for Bitcoin’s surging price will be its scarcity, which means…

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Cryptocurrency 

Facebook’s Libra Wants to Hit the Market in Early 2020

It has been a hugely eventful year in the crypto sphere, and perhaps one of the most important developments has been the announcement of Facebook’s Libra. However, as soon as it was announced that it was going to be launched next year, plenty of influential regulators expressed their doubts about the cryptocurrency straightaway. Important Progress They are still doing so, and in a new development, it has emerged that Facebook (NASDAQ:FB) is going to go ahead with the launch of Libra next year as planned notwithstanding any misgivings from regulators. Regulators have…

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