Bitcoin 

Crypto Analyst Says Bitcoin Price Could Hit $100,000 During Next Bull Run

ThinkMarkets chief market analyst Naeem Aslam predicts that bitcoin (BTC) will hit somewhere between $60,000 and  $100,000 during its next bull run, according to a Fox Business interview on June 24. Aslam had previously predicted on June 17 that BTC would hit $10,000 in “a couple of weeks,” citing institutional involvement as a major driver. Bitcoin successfully reached the five figure mark on June 22, marking a record high that has not been seen in over one year. According to Aslam, the major price points to look out for now…

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Bitcoin 

Open Interest in Bitcoin Futures Contracts Hit All-Time High

The Chicago Mercantile Exchange (CME) Group has released data showing that open interest in Bitcoin futures is rising, as per an official Twitter post on June 18. Interest in BTC futures over time: https://twitter.com/CMEGroup/status/1141015074062110721 According to CME, bitcoin (BTC) open interest spiked on June 17 with an all-time high of 5,311 contracts totalling 26,555 BTC, or approximately $246 million at press time. Futures are standardized contracts that bind a party to buying or selling some asset at a predetermined date. Notably, the CME group also remarked in the Twitter post…

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Bitcoin 

Coinbase Custody Holds $1.3B in Assets Under Custody, Expects to Hit $2B ‘Soon’

Coinbase Custody revealed that it holds $1.3 billion in assets under custody (AUC) and the firm expects to hit $2 billion AUC soon in a Twitter thread published on June 13. In a series of tweets, what is evidently the official Coinbase Custody Twitter account reported that last week the company’s CEO, Sam McIngvale, and its chief information security officer, Philip Martin, visited the United Kingdom. The purpose of the visit was reportedly “to discuss the institutional cryptoeconomy with a range of prospects and clients.” During the meeting, the firm’s…

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Bitcoin 

Open Positions on Chicago Mercantile Exchange Bitcoin Futures Hit Record High

The number of open contracts for the Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures is reportedly at an all-time high, cryptocurrency news outlet Coindesk reported on June 3. According to visible data released by the United States Commodity Futures Trading Commission (CFTC) data, the number of open positions for the aforementioned future contract in the week from May 27 to June 3 is 5,190. Coindesk claims that this is the highest number of open positions that CME’s bitcoin futures have ever reported and a 7% increase over the previous week.…

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Bitcoin 

CME Group Bitcoin Futures Hit $1.3 Billion Amid Parabolic Advance

CME Group reported record volume for its bitcoin (BTC) futures on May 13 as the cryptocurrency’s surprise bull market continued. CME, which together with the Chicago Board Options Exchange (CBOE) became the first provider of bitcoin futures to the market in December 2017, saw an all-time record of 33,700 contracts on Monday. That figure represented an equivalent 168,000 BTC ($1.35 billion) — an almost 50% rise versus the previous high of 22,500 contracts and 112,700 BTC (currently $909.2 million) on April 4. At the time, CME had warned over a…

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Cryptocurrency 

Crypto Theft Could Hit $1.2 Billion in 2019, Says Cipher Trace

Crypto theft has greatly reduced this year compared to last year as regulators continue to enhance their scrutiny and the enforcement of anti-money laundering controls. Crypto Theft Could Hit $1 billion Mark Despite being $500 million less than last year, crypto theft could still go well beyond a billion dollars by the end of this year. A quarterly report released on May 1 by Cipher Trace indicates that investigatory specialists had found that over $356 million worth of crypto had been stolen in Q1 2019. The amount stolen includes the CoineBene…

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Ethereum 

Crypto Markets Drops as Bitcoin Fails to Hold $5,300 Support, Stocks Hit All-Time Highs

Monday, April 29 — after seeing moderate gains yesterday, crypto markets have tumbled at press time, with most of the top 20 coins by market cap in the red. Bitcoin cash (BCH), the fourth top crypto by market cap, has dipped as much as 7.1% over the day to trade at $242 at press time. While the majority of the top 20 are seeing sufficient losses, IOTA (MIOTA) has surged almost 18% over the past over the past 24 hours. The growth comes amidst the news that British car manufacturer…

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Blockchain 

Blockchain Solutions Spending in Asia/Pacific, Bar Japan, to Hit $2.4 Bln by 2022

Blockchain solutions spending in Asia/Pacific excluding Japan (APEJ) is forecast to hit $2.4 billion by 2022, according to an April 23 report from United States-based market research firm International Data Corporation (IDC). IDC’s Worldwide Semiannual Blockchain Spending Guide provides an analysis of spending data from the emerging blockchain sector from a regional, vertical industry, use case, buyer and technology perspective. The report forecasts a sharp uptick in blockchain solutions spending in the region this year — predicting APEJ spending will hit almost $523.8 million in 2019, up 83.9% from $284.8…

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Bitcoin 

Bitcoin Will Hit $1 Million, Says IBM’s VP of Blockchain Jesse Lund

The vice president of blockchain and digital currencies for IBM, Jesse Lund, said that he expects Bitcoin’s (BTC) price to eventually hit $1 million. Lund made his prediction during an interview with comparison and news platform Finder.com, published on YouTube on Feb. 20. Towards the end of the interview, Lund was asked what he expects the price of Bitcoin to be on this new year’s eve. He answered that he thinks it is going to be higher than the current price, clarifying, “I’ll go with $5,000.” He then continued his…

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Ethereum 

Major Cryptocurrencies See Green While US Crude Futures Hit New High for 2019

Wednesday, Feb. 20 —  cryptocurrency markets are turning around for the green after trading sideways at the beginning of the day. Almost all top 20 coins are seeing minor gains, according to data from CoinMarketCap. Market visualization from Coin360 Earlier today, Bitcoin (BTC) broke the $4,000 threshold, reaching the $4,010 mark. However, at press time the leading cryptocurrency is trading under $4,000 at around $3,981, having gained just around 1 percent over the last 24 hours. On its weekly chart, BTC saw its lowest price point of around $3,618 on…

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