Cryptocurrency 

Crypto Derivative Platform FTX Introduces Alternative to Short Alts

CoinDesk reports that new crypto derivatives platform FTX has launched one of the most abstract and strangely-named futures index fund in the cryptocurrency market. The index, dubbed Shitcoin Index Perpetual Futures or SHIT-PERP, is a 58 low market cap coins index. It is flanked by other low-cap indices ALT-PERP and MID-PERP and includes projects such as Grin, Nano, and Waves. FTX’s Connection with Alameda Research The derivative platform was opened in spring after an incubation program under Alameda Research began. The FTX derivatives platform operates an over the counter desk,…

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Bitcoin 

Jamie Dimon Says Libra Does Not Pose a Threat in Short Term

Jamie Dimon, CEO of global financial services firm JPMorgan Chase, argued that Facebook’s cryptocurrency project Libra does not pose a threat in the foreseeable future. As reported by CNBC, Dimon delivered his comments during a conference call with analysts on Tuesday, July 16. Dimon said that he would not spend too much time on Libra, specifying that “to put it in perspective, we have been talking about blockchain for seven years and very little has happened. We are going to be talking about Libra three years from now.” Dimon continued…

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Blockchain 

Buterin Proposes Bitcoin Cash Integration to Scale Ethereum in Short Term

Ethereum co-founder Vitalik Buterin has proposed to use the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The programmer introduced a summary of the idea in a July 13 post on the Ethereum Research. As previously reported, the Ethereum network has experienced some scalability issues, with its native blockchain capable of processing as few as 15 transactions per second (TPS), while its major competitor Ripple is reportedly estimated to have a TPS capacity of 1,500.  As such, the Ethereum community has been working on Ethereum 2.0,…

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Bitcoin 

I Would Not Long or Short Bitcoin, Says Billionaire Stablecoin Investor Druckenmiller

American billionaire Stanley Druckenmiller has doubled down on his distrust of bitcoin (BTC), Bloomberg reported on June 4, quoting a recent interview. Speaking to Scott Bessent, founder of Key Square Capital Management at The Economic Club of New York, Druckenmiller said he would still not be interested in placing any of his $4.4 billion worth into the cryptocurrency. “I don’t think I’m a neanderthal, which is what I’ve been called when I’ve said I didn’t want to own Bitcoin,” he summarized. Druckenmiller added he would neither long nor short bitcoin…

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Ethereum 

Major Currencies Gradually Roll Back After Short Recovery, Bitcoin Stays Over $3,600

Sunday, Feb. 10 — while Bitcoin (BTC) is managing to stay above the $3,600 price point for the third day in a row, other major cryptocurrencies are mostly in the red as the markets gradually roll back after short recovery, Coin360 data shows. Market visualization from Coin360 BTC has been trading sideways during the last 24 hours, but the coin is still above over its psychological threshold of $3,600 at press time. As Cointelegraph previously reported, the top currency gained over $200 in value on Friday, Feb. 8, hitting $3,691…

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Bitcoin 

Bitcoin’s Technicals Show Signs of a Bottom, Possible Short Term Rally: Analysts

Key technical parameters signal that top cryptocurrency Bitcoin (BTC) may be finding a bottom, and could even be headed for a short term price hike, according to analysts at Bloomberg Jan. 22. Bitcoin’s GTI Global Strength Technical Indicator is now at 35.6, which Bloomberg notes is “nearing oversold levels,” and the lowest level since December. The parameter indicates the coin has robust support at $3,000-$3,100, and is stabilizing around the $3,500 mark. Bloomberg gages the likelihood of a short term rally based on the GRI VERA Trend Signals indicator —…

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