CME Bitcoin Futures See Record Volumes, Crucial Signal For Rising Institutional Demand

This week saw the highest ever volume for Bitcoin futures on the Chicago Mercantile Exchange as volume exceeded 18,000. The big signal is that institutional investors are paying attention as futures contracts get snapped up at an ever-increasing rate. Record BTC Contract Volumes on CME According to stats from the CME there were 18,338 on Wednesday, the highest figure ever recorded. This is equivalent to 91,690 Bitcoins or roughly $365 million at today’s prices. Source: CME Futures contracts enable speculators to bet on the prices rather than purchasing the physical…

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Liechtenstein Bank Creates Cryptocurrency Trading Platform for Institutional Investors

A private bank in Liechtenstein has established a cryptocurrency trading platform for institutional investors. Balzers-based Bank Frick will offer the service through its new subsidiary DLT Markets AG. Also read: Irish Auctioneer to Sell off 315 BTC Seized by Belgian Police Investors to Gain Access to Multiple Cryptocurrency Markets According to a statement released by the bank on Feb. 20, DLT Markets will provide its customers with the infrastructural access to buy and sell digital assets from several exchanges. The company has said this “allows investors to trade and manage digital…

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University of Michigan Endowment Backs Crypto Venture Capital Fund

The financial endowment fund of the University of Michigan, one of the oldest and most established academic institutions in the U.S., is the latest institutional investor revealed to have entered the cryptocurrency ecosystem. Its endowment is backing a crypto venture capital fund managed by Andreessen Horowitz. Also Read: In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud University of Michigan Endowment Backs Crypto VC The University of Michigan’s financial endowment fund is a collection of thousands of individual endowments managed like a large mutual fund whose…

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‘Bitcoin Killer’ Onecoin Is Ashes But Investigations Continue to This Day

Back in 2014, a group led by a woman named Ruja Ignatova created a Ponzi scheme called Onecoin which, together with the organization Onelife, defrauded billions from 3 million people. At peak popularity, the group declared that Onecoin would be a “Bitcoin killer” but the pyramid scheme is now in ashes and many of its founders are in hiding after being charged with fraud and money laundering. Also read: Buyer Beware! The Definitive OneCoin Ponzi Exposé The Fall of Onecoin and the $4B Global Pyramid Scheme In 2019, many Onecoin affiliates…

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Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn’t Accumulation

Over the last couple of weeks, bullish sentiment has begun to return to the crypto market after months of ongoing downtrend. However, one prominent crypto analyst isn’t convinced by the rally, and instead expects Bitcoin (BTC)  to reach new lows sending the asset into multi-year bear market. To make matters worse, the analyst also believes that the current trading range Bitcoin is in, isn’t accumulation, and will later become strong resistance that the number one crypto by market cap must break through down the road in order to spark a…

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Cryptocurrency Exchange Exmo Opens Branch in Turkey

Digital asset exchange Exmo, a leading crypto trading platform in Eastern Europe, has recently registered a subsidiary in Turkey. The company is setting up an office in Istanbul, the financial capital of the country situated on the Bosphorus. Also read: Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments Traders Offered Pairs With the Turkish Lira The decision to establish the branch is part of Exmo’s launch in Turkey and indicates the growing significance of the Turkish crypto market in the region. The cryptocurrency exchange already has offices…

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Top Bitcoin Predictions that are Coming True Right Now

2018 was not a good year for any cryptocurrency in terms of price, and especially not for Bitcoin. While there are many coins that lost a lot higher percentage of their price, no other coin lost as much in terms of value alone. After the market crashed in January 2018, Bitcoin lost over 80% of its value over time. While some coins lost more, over 90%, Bitcoin’s loss resulted in nearly $17,000 per coin. However, while the last year was the worst in crypto history, a lot of investors, analysts,…

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How to Use Cryptocurrency to Send Money Abroad

The global remittance industry is huge. World Bank data shows that over $148 billion was sent abroad from the U.S. alone in 2017. As people leave nations gripped by hyperinflation, or simply move to look for better opportunities abroad, sending cash back home becomes a necessity. As the people in Venezuela are discovering, this can be cheaper, faster and simpler with bitcoin and other cryptocurrencies. Here are four ways to send money abroad using crypto.  Also read: Everything You Should Know About Bitcoin Address Formats  Crypto Remittance for the Masses Bitcoin and…

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Litecoin Outperforms Top Crypto Assets Again, What Could Breakout of Crucial $50 Level Lead to?

Litecoin has become the darling of the cryptocurrencies again as it out performs the majority of the top coins including its big brother, Bitcoin. Breaking a psychological resistance level of $50 a few hours ago, Litecoin is one of the day’s best performing crypto assets once again. The question is, how far can it go this time? Litecoin Lifted During Asian Trading Over the past 24 hours, LTC volume has surpassed $1.5 billion which is over double that of XRP two places ahead of it in the market cap charts.…

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Samsung Launches Galaxy Series Preloaded With Cryptocurrency Wallet

On Wednesday, Feb. 20, the mobile phone manufacturing giant Samsung Electronics released its flagship smartphone, the Galaxy S10. Crypto enthusiasts will be pleased to hear that the new phone comes with the company’s proprietary Samsung Knox security system which stores blockchain-based private keys. Also Read: This ‘Faketoshi’ Signature Tool Lets Anyone Become Satoshi Nakamoto Galaxy S10 Houses Private Keys The relationship between Samsung and cryptocurrencies is official as the firm has released its latest Galaxy series that comes with a security system specifically designed to house digital currencies. This Wednesday, the…

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