Bitcoin futures open interest has reached $5.2 billion on the global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of its late October 2021 all-time high. Open interest in CME’s Bitcoin futures has grown from $3.63 billion to $5.20 billion over the last 30 days, according to Coinglass data. The open interest surge has run parallel…
Jan3 CEO Samson Mow has said that comparing Bitcoin to crypto is like comparing “an aircraft to a paper airplane.” Ripple CEO Brad Garlinghouse said, “It will be a multichain world.” These opposing statements are the latest front in the longest-running feud in cryptocurrency — the battle between Bitcoin and everything else that followed. For the…
A United Kingdom parliamentary committee in the House of Commons has asked the Bank of England and Treasury to conduct further consultative work to determine the benefits of launching a digital pound. The groundwork and tests related to the launch of a central bank digital currency (CBDC) incurred significant costs for the Bank of England…
Hashdex, one of the 13 asset managers vying for spot Bitcoin exchange-traded fund, expects to see the first spot Bitcoin ETF in the United States land by the second quarter of 2024, followed by a spot Ether ETF. “The exact timing of a spot Bitcoin ETF in the U.S. remains unclear, but in 2023, the narrative around…
Binance CEO Richard Teng has assured the “gaps in compliance” from the early days of Binance are firmly in the past and that the crypto exchange is now “totally different.” Teng, the former head of regional markets for Binance, was elevated to the position of CEO on Nov. 21 after Changpeng ‘CZ’ Zhao stepped down…
The price of Bitcoin (BTC) should “logically” undergo a correction once spot Bitcoin exchange-traded funds (ETFs) are approved, though commentators also concede that crypto is a “wild card” — and nothing is certain. Bitcoin has been gaining momentum over the last 11 months, with a sudden jump in March amid banking uncertainty, another spike in June when BlackRock filed for a…
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