Bitcoin


Markets

3 Straight Record Days Drive CME Bitcoin Futures Open Interest to All-Time High

Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday. CME’s bitcoin futures market are growing faster than nearly every other bitcoin futures market on a percentage and real growth basis.

Credit: Shutterstock/Joseph Sohm

Markets

Most Bitcoin Buyers Are in the Money Ahead of the Halving, Data Suggests

Nearly 85% — or 25.79 million — of addresses holding bitcoin are now “in-the-money.”

An address is said to be in the money if the current price of bitcoin is higher than the price at which the coin was purchased or sent to the address. (Credit: Pixabay)

Markets

Why Binance and Akon Are Betting on Africa for Crypto Adoption

Demand for bitcoin is surging in Ghana, Nigeria and Kenya, attracting investment from the cryptocurrency exchange Binance and a token project by Akon.

Hip-hop artist Akon is the latest celebrity to join the cryptocurrency industry, setting his sights on Africa with his Akoin token project. (Credit: Shutterstock)

Markets

Market Wrap: Bitcoin Volatility Higher Than S&P 500 Again but Lower Than Oil

Bitcoin volatility has risen a bit, higher than the S&P 500 ahead of its expected halving next week - but it’s nowhere close to the rocky ride oil has been on.

CoinDesk Bitcoin Price Index for May 5, 2020

Markets

Bitcoin Briefly Hits $9K, Investors Remain Bullish

The cryptocurrency has again failed to keep gains above $9,000 even as active bitcoin addresses spike to 11-month highs.

Daily chart (CoinDesk BPI)

Finance

Iran Issues License for Nation's Biggest Bitcoin Mining Operation

A Turkish firm has been granted a license to operate a data center with up to 6,000 bitcoin mining machines.

Tehran, Iran

Markets

Market Wrap: Bitcoin Dips to $8.8K but Optimism Seen Continuing Ahead of Halving

After a flurry of trading late last week, bitcoin dipped on lower volume.

coindeskbpimay4

Markets

First Mover: Capitalism’s Biggest Crisis Isn’t Driving People to Bitcoin – It’s the Volatility

The post-Bretton Woods system is on the ropes, but what's driving interest into bitcoin is price volatility and the upcoming halving event.

(Shutterstock)

Markets

Bitcoin in Emerging Markets: The Middle East

Regions with weak states and educated diasporas are seeing a rising demand for cryptocurrencies, stablecoins and decentralized applications.

Lebanese protestors, October 2019 (Credit: Shutterstock)

Markets

Bitcoin Price May Drop After Halving, Historical Data Shows

Bitcoin has again rallied sharply in the weeks leading up to the impending halving event, but if historic patterns are anything to go by the cryptocurrency could suffer a temporary price pullback following the event.

Credit: Shutterstock