Bitcoin 

Despite Pullback in Bitcoin Prices, Investor Interest Is Strong

The Chicago Mercantile Exchange (CME) Group recently tweeted that, despite the Bitcoin (BTC) price pullback, customer interest in CME Bitcoin futures remained strong during Q3 2019. CME Bitcoin futures are up 61% vs Q3 2018 On Oct. 9, the CME Group took to Twitter to state that customer interest in CME Bitcoin futures remained strong during Q3 2019, with daily open interest (OI) of over 4,600 contracts, up 61% vs Q3 2018, because of the strong interest of institutional investors. Open interest refers to the total number of outstanding derivative…

Read More
Bitcoin 

Institutional Interest in Crypto Doubles in Q2

A senior executive at cryptocurrency asset management giant Grayscale has stated that institutional investors are constantly piling into the space in 2019. Grayscale says institutions were always active Speaking in an interview with news outlet The Block on Oct. 8, the company’s director of sales and business development Rayhaneh Sharif-Askary said that business had been consistent while growing throughout this year. Q2 alone saw $85 million come from investors — twice as much as in Q1 — with institutional investors contributing more than 80% in total. Sharif-Askary explained: “You know,…

Read More
Bitcoin 

CME Asks CFTC to Double Bitcoin Futures Capacity as Interest Soars

The Chicago Mercantile Exchange (CME) Group is petitioning United States regulators to allow its clients to double their open Bitcoin futures positions. Double open positions limit, says CME According to Nasdaq on Sept. 12, CME has already put its plans before the Commodity Futures Trading Commission (CFTC).  If successful, each investor would gain a monthly limit of 2,000 contracts per spot month instead of the current 1,000.  The move comes on the back of constant growth in demand for Bitcoin futures, with CME’s volumes setting new records on a regular…

Read More
Bitcoin 

Twitter Has No Interest in Creating Libra-Like Crypto

Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC). Open standards are better According to Australian news outlet The Sydney Morning Herald’s article published on Sept. 5, Dorsey is confident that Bitcoin is still the most likely candidate to beсome the internet’s native currency. Twitter CEO noted: “I think open internet standards serve every person better than ones controlled or started by companies.” Nobody understands the global economy Dorsey visited Melbourne to…

Read More
Bitcoin 

Cash Prevents Digital Currencies With Negative Interest

Japan’s second most senior banking figure has said central banks cannot use digital currencies to enforce negative interest rates, Reuters reported on July 5.  Speaking at an event held by the publication, Masayoshi Amamiya, deputy governor of the Bank of Japan, said that states issuing digital currency with a negative interest rate would force inhabitants towards cash.  This cash supply would remain, Amaiya said, and despite the current trend to replace it, no government would actually do so.  “To overcome the nominal zero lower bound, central banks would need to…

Read More
Cryptocurrency 

These Are The Cities Googling ‘Bitcoin’ as Interest Hits 17-Month High

Data from Google Trends’ search analytics resource reveals that internet googling of ‘bitcoin’ (BTC) is now at a 17-month high, according to the most recently updated data for June 29. Internet searches for ‘bitcoin’ worldwide. 1 July 2017-29 June 2019. Source: Google Trends Amid the coin’s current bull momentum, public interest has ratcheted up to levels last seen on 11-17 February 2018 — a week in which bitcoin swung wildly between around $8,600 and $10,200 in the turbulent weeks that followed its 2017 all-time price highs. A geographical breakdown of…

Read More