CryptoCurrency News from around the World and beyond. This section focuses on what is happening with cryptocurrency now. So that is things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new ICOs, upcoming forks, etc.
Most markets are in a panic over coronavirus. Bitcoin finally took a big hit along with broader markets on March 12, 2020, dropping over 50% from around a $7,960 high to a low of $3,800.
India’s Supreme Court overturned their central bank’s ban on cryptocurrency trading, lifting the ban that had been in effect since April 2018.
Coinbase has announced they will be listing Kyber (KNC) AKA Kyber Network. Transfers begin on Monday, February 24. It is likely Kyber will also launch on Coinbase soon since it is getting both KNC/USD and KNC/BTC pairs.
Starting Feb 12 Coinbase Pro will offer margin trading up to 3x for users in some states.
The ETHE premium, like the GBTC premium, can be a signal of crypto sentiment (and more-so with ETHE, ETH sentiment). However, it can also signal that ETHE is overbought.
Square Crypto, a subsidiary of Square, launched its first product. The new product is a Lightening Development Kit for Bitcoin’s Lightening Network.
The crypto market is lighting up green with BCH, BSV, and DASH making notable runs as Bitcoin breaks out of its downtrend channel.
CME’s Bitcoin options launched today and day one volume already beats out their competitor Bakkt $2.19M vs. $1.15M.
Binance has added perpetual futures contracts for XRP (otherwise known as Ripple). Traders can use up to 75x leverage on these contracts.
Coinbase has launched Orchid (OXT), and you can learn about OXT and earn some OXT in the process via Coinbase Earn.
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