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Bitcoin and Gold Short-Lived Correlation Not a Sign of Comparability

Source Node: https://cointelegraph.com/news/bitcoin-and-gold-short-lived-correlation-not-a-sign-of-comparability
Time Stamp: August 18, 2020 10:30 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation crashed by 20% the following week. Despite this, Bitcoin looks set to become digital gold in 2020 considering the price correlations and trends in the futures market.Both gold and Bitcoin are having a phenomenal year in terms of year-to-date returns. According to Skew Analytics, gold has a 27.93% YTD return, while Bitcoin has racked up a 71.68% YTD yield. Although Bitcoin sees much higher volatility than gold,

Blockchain Phones and Bitcoin Watches: Revisiting the Crypto Tech Hype

Source Node: https://cointelegraph.com/news/blockchain-phones-and-bitcoin-watches-revisiting-the-crypto-tech-hype
Time Stamp: August 16, 2020 2:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Talk of cryptocurrency and blockchain-powered gadgets inevitably spiked alongside the hype for token prices. But looking back, have they delivered any meaningful changes to users, or are they just another result of the hype synonymous with the space? The surge of interest in the space came to a head in 2017 as Bitcoin (BTC) hit never-before-seen highs of around $20,000 before crashing dramatically and entering the bearish crypto winter. While the collapse left devastation in its wake, the months of focus brought Bitcoin, cryptocurrency and blockchain technology into the mainstream consciousness

RenVM Guide: A Private and Interopable DeFi Platform

Source Node: https://www.asiacryptotoday.com/renvm-guide-a-private-and-interopable-defi-platform/
Time Stamp: August 15, 2020 9:53 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

With the objective of solving concerns on privacy, interoperability, and liquidity in decentralized applications, the RenVM ecosystem was established. This is yet another successful DeFi project with cross-chain interoperability, only this time, with better privacy features. The Republic Protocol and its RenVM project were aimed to provide large volume and high-frequency traders the opportunity to execute trades without spooking the market with their calls. With the help of darknodes, they maintained an exchange with a hidden order book. Table of Contents Background Ren began in late 2017 under the Republic

BTC and ETH Crypto Derivatives in Demand, Market Expected to Grow Further

Source Node: https://cointelegraph.com/news/btc-and-eth-crypto-derivatives-in-demand-market-expected-to-grow-further
Time Stamp: August 8, 2020 12:42 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The crypto options market has been evolving rapidly over the second quarter of 2020. According to TokenInsight’s recent crypto derivatives industry report, trading volumes are seeing a 166% year-on-year increase compared to Q2 2019. The derivative products driving these volumes are futures and options. While futures grow with traders betting on a bullish price sentiment, both open interest and volumes of options have reached all-time highs.All-time highs On Wednesday, open interest in Ether (ETH) options hit an all-time high of $351 million on Deribit and $37 million on OKEx. In fact, open