Business

Japan’s Top Credit Card Issuer Building Blockchain Payment System

[ad_1] The biggest credit card issuer in Japan, JCB, has partnered with technology accelerator TECHFUND to build a sustainable transaction system on the blockchain.According to a May 15 statement released by JCB, the partnership will utilize TECHFUND's expertise on security token offerings (STOs) and staking to create a new platform for transactions. Also based in Tokyo, TECHFUND has a program called ACCEL BaaS (Blockchain as a Service) which aims to
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Bitcoin Will Rally 100-400% In the Coming 18 Months: Top Analyst Explains Why

[ad_1] Since March’s capitulation lows of $3,700, Bitcoin has performed extremely well, recently rallying to $10,000. It’s a level that BTC has traded above only for 5% of its history. The move from the lows has undoubtedly been impressive, with Bitcoin attracting mainstream media attention as the world grapples with a recession. Though analysts remain optimistic, asserting that new all-time highs past $20,000 are likely in the years ahead. Analysts
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Germany Enters Recession as Over 100 Banks Charge Negative Interest Rates

[ad_1] Germany has plunged into a recession with the worst quarterly contraction since the global financial and economic crisis of 2008, according to official data. Over 100 banks in the country are now charging customers negative interest rates. Germany Enters Recession The German economy is now in a recession according to data released Friday by the country’s Federal Statistical Office, Statistisches Bundesamt. The authority announced: The corona pandemic hits the
Business

Record CME BTC Open Interest Shows Institutions Bullish on Bitcoin Price

[ad_1] Bitcoin’s (BTC) options markets are finally taking off at CME. This week Cointelegraph reported that the combined volume traded over the last ten days surpassed $140 million, as institutional investors delved in call options.The buyer of a call option can acquire Bitcoin for a fixed price on a predetermined date. For that privilege, this investor pays an upfront premium for the call option seller.CME Bitcoin Options Volumes - USD.
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Bitcoin Derivatives Data: A Rally Past $10,000 Could Be Abruptly Halted

[ad_1] Since trading as low as $8,180 seven days ago, Bitcoin has mounted a strong recovery that brought it as high as $9,900 on Sunday. It’s an impressive recovery that has many convinced the cryptocurrency is set to rally higher. Data from Bitcoin derivatives markets, however, suggests that the cryptocurrency may be subject to a short-term reversal after a 20% bounce. Bitcoin Derivatives Market Signals Caution As derivatives exchanges have
Business

Crypto Traders Are Longing ETH (And Not Much Else)

[ad_1] The number of Ethereum (ETH) longs has continued to surge after breaking into all-time highs at the end of March.Despite the broader crypto markets posting price gains alongside Bitcoin (BTC) in recent weeks, the number of open longs remains low for most crypto assets after plummeting during the mid-March crypto market crash.Ether longs dominate crypto marketsSince breaking into record highs on Feb. 26, ETH/USD longs on major crypto exchange
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S2F Hopium: Report and Twitter Critics Find Flaws With Bitcoin’s Stock-to-Flow Ratio

[ad_1] In mid-April, news.Bitcoin.com researched the popular stock-to-flow (S2F), which shows the price of a single bitcoin reaching $55K and even six figures. At the time, analysts questioned measuring bitcoin’s price in this manner and more recently, a few others have been criticizing the method as well. Just recently, a research report written by the author Francis Tapon finds eight flaws in bitcoin’s S2F model. Additionally, the well known crypto
Business

Bitcoin Breakout Hopes, R.I.P. TON, Trump Threatened: Hodler’s Digest, May 11–17

[ad_1] Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekBitcoin price charts hint at the most exciting breakout in over a yearThe halving has been and gone — and so far, it hasn’t been the
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Venture Capitalist: There Still Is “a Lot of Garbage” In the Crypto Space

[ad_1] Even after the 50% crash that the crypto market sustained in March, there remain hundreds of active blockchain projects all trying to solve different problems in different niches. All of these projects claim to have value, to have a purpose, but a leading venture capitalist has argued that the crypto space is still filled to the brim with “garbage.” Many Crypto Projects Are “Garbage,” Venture Capitalist Says TechCrunch recently
Business

Bitcoin Transaction Fees Are Up 800% in One Month

[ad_1] From April 11 until May 14, Bitcoin (BTC) transaction fees increased by more than 1,250% from $0.38 to $5.16.While Bitcoin transaction fees have since fallen by 33.3% to sit at roughly $3.44 as of this writing, fees have increased by 36.5% since the block reward halving on May 11.Bitcoin fees double in three days after halvingThe average cost of executing transactions on the Bitcoin network has increased by more