Bitcoin 

How to Trade Big Crypto Volumes, Explained

6. Crypto auctions, algorithmic trading and over-the-counter (OTC) desks are designed to transfer large amounts of crypto. In cases when you want to trade your crypto assets directly, without splitting them into parts and calculating fees, the daily auction held by Gemini — a U.S.-based, regulated crypto exchange — is a popular way to do that. Orders are currently available for five major currencies — Bitcoin, Ether, Zcash, Litecoin and Bitcoin Cash. Another solution is to use trading bots to automate the process of splitting transactions. For instance, TradeSanta is…

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Bitcoin 

Galaxy Digital and XBTO Execute First Block Trade of Bakkt Bitcoin Futures

Intercontinental Exchange (ICE), the governing body behind the New York Stock Exchange, has executed the first block trade of Bakkt Bitcoin (BTC) futures contracts. ICE revealed the development in an Oct. 4 press release, specifying that the first Bakkt Bitcoin Futures block trade was executed between digital assets merchant bank Galaxy Digital and crypto investment firm XBTO on Oct. 1. The deal was cleared by agricultural commodities merchant ED&F Man. Following the block trade execution, XBTO stated: “Last week, we bought the first Bakkt Bitcoin Daily Futures contract and took…

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Bitcoin 

Why Has Brazil’s Central Bank Included Crypto Assets in Trade Balance?

Cross-border transactions on crypto assets are already relevant and have already had a considerable impact on the domestic economy of some countries. For example, last month, the Central Bank of Brazil (BACEN) reviewed the Brazilian Trade Balance for crypto assets with new classifications under IMF standards. In Georgia, for example, which accounts for about 15% of global Bitcoin (BTC) mining, companies receive an estimated $700 million from Bitcoin mining annually. This represents about 5% of the country’s GDP, or 10% of exported goods and services. Crypto assets and international guidelines…

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Ethereum 

Market Continues to Trade Sideways as Bitcoin Price Dips Below $10,300

Tuesday, Sept. 10 — Cryptocurrency markets continue to largely trade sideways with Huobi (HT) token being the only top-20 coin that is showing above-average gains. Market visualization. Source: Coin360 Bitcoin (BTC) saw an intraday high of around $10,390, while slowly trading downwards up to its current trading price of $10,204 according to data from Coin360. The world’s No.1 crypto is showing a small loss of 0.5% on the day. In a Twitter debate with Primitive Fund co-founder Dovey Wan on Sept. 9, Blockstream CEO Adam Back had said altcoins’ previous supremacy was…

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Cryptocurrency 

Crypto Use Grows as Drug Trade Digitalizes

From speculation about its inherent value to theories about it being the payment method of choice for criminals, cryptocurrency is having a tough time keeping a clean name. One of the most common accusations is that cryptocurrencies perpetuate the sale of illicit drugs, a view recently expressed by United States Treasury Secretary Steven Mnuchin. Cointelegraph takes a look at the impact of cryptocurrency on illegal drug sales and whether it should shoulder more of the blame than cash. U.S. government clamps down The watershed moment for the U.S. taking decisive…

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