Ethereum 

Bitcoin Cash (BCH) Gains Momentum, Soars 16% on High Volume

Over the past years, the altcoins market has grown at a breathtaking pace, and during this period, Bitcoin Cash (BCH) has emerged as one of the more popular ones. This week, BCH emerged as one of the biggest gainers in the crypto space and gained as much as 16% in the past 24 hours as altcoins seemed to make a comeback. It should be noted that 2019 was a pretty disappointing year for altcoins; however, things seemed to have changed for the better in 2020. Much of BCH’s surge took…

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Blockchain 

Bitcoin Futures CME Trading Generates $100 Billion in Volume Since 2017

One of the products that have become particularly important to the continued growth of the crypto industry is Bitcoin futures. The derivative product has become one of the most heavily traded crypto-based securities. Key Drivers The Chicago Mercantile Exchange (CME) revealed its actual figures with regard to this particular product yesterday. The futures contracts have been traded on the exchange since 2017, and one of the top executives revealed that the total volume of the trades has been pegged at $100 billion. Tim McCourt, who is the Global Head of…

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Bitcoin 

Bakkt Bitcoin Options Trading Volume for Last Week was Just Zero

Bakkt, the highly touted cryptocurrency exchange founded by the Intercontinental Exchange, saw zero Bitcoin options traded last week as it continues its hugely underwhelming start to life. The Bitcoin futures exchange, governed by the company behind the New York Stock Exchange, was billed as a gateway for institutional investors to get in on the world of crypto trading given its close associations with established financial institutions. However, the pre-launch excitement failed to translate into activity as Bakkt traded just 623 futures contracts in the first week of launch in late…

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Blockchain 

Bakkt Futures Monthly Trading Volume Starts to Pick Up Pace

Bakkt, the crypto exchange platform from the Intercontinental Exchange, has seen its futures trading volume soar to 1,061 contracts, indicating that institutional investors are finally getting on board with the platform. Since its launch on September 27, Bakkt has endured a sluggish start to life despite being one of the most highly anticipated exchange in the world of crypto this year. With just 623 futures contracts being traded in the first week, for a total value of just over $5 million USD, it appeared as though the platform was a massive…

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Blockchain 

Bakkt Futures Trade Volume Soars 800% After Slow Start

The Bakkt Futures trading volume for Bitcoin (BTC) has gained almost 800% in just one day after a slow start to life for the long-awaited futures contract trading platform headed by the Intercontinental Exchange (ICE). Bakkt Volume Reaches All-Time High A bot account on Twitter, which tracks the number of contracts traded on Bakkt, reported this morning that 224 BTC futures were traded on August 9, an eye-watering increase of 796% from the previous day. October 8’s volume of 25 BTC was coincidentally the lowest figure recorded since the platform…

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Blockchain 

Ripple to Enhance Transparency in XRP Volume Reporting

According to a Bitwise report, there is foul play in the crypto industry because it is unregulated, which makes exchanges culpable to manipulation as some even inflate their trading volumes. The Bitwise researchers have discovered that up to 95% of trading volumes are fraudulent. This is where Ripple steps in. Ripple Working to Enhance Accuracy The crypto firm is working with reliable partners in the industry to understand the scale and scope of the problem and evaluate its XRP volume reporting. Going into Q2 2019, the company is likely to…

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