liquidations

All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone

China bans Bitcoin (BTC), again.No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with the law.”Most investors may have missed the $3 billion BTC and $1.5 billion Ether (ETH) monthly options expiry that took place less than one hour before the crypto ban news came out. According to “Molly”, a

Bitcoin Regains $50,000 Price Level for the First Time in 13 Weeks

Bitcoin bulls are back with a significant price rally. BTC’s retail and institutional demand are on the rise again as the world’s largest cryptocurrency crossed the price level of $50,000 for the first time since May 2021.The latest data published by Coinmarketcap shows that the total market cap of Bitcoin now stands at around $950 billion, compared to $550 billion in May 2021. BTC’s current crypto market dominance stands at around 43.8%.Apart from Bitcoin, several other cryptocurrency assets also saw substantial gains in the last 24 hours. The most prominent

Bitcoin Shoots To $10,800: Here’s What Analysts Think Comes Next

Bitcoin has recovered after a strong decline earlier this week. After dropping under $10,200 just over a day ago, the cryptocurrency has sprung back above $10,500. The coin now trades at $10,800, having undergone a strong rally just a few hours ago. The coin is up around 5% in the past 24 hours, rising as the U.S. dollar’s rally begins to taper off. Some pin the rally on an ongoing expiry in the futures and options markets, which are likely causing traders to open and close positions. Whatever the case,

Brace for it – Bitcoin Futures may be nearing a tipping point

What’s the tipping point for Bitcoin Futures on top derivatives exchanges like the CME, an exchange that has recorded a daily trading volume of over $300M and Open Interest of over $400M, consistently, for the past 3 months. Source: SkewWell, a small shift in Open Interest or trading volume can have a cascading effect on Bitcoin Futures’ performance in the next 180 days. Such a shift will be influenced by several factors, and it begins at the tipping point. Three factors, to be more specific. In the current phase of Bitcoin’s market

DIA Guide: Bringing Open Financial Data to the Blockchain

An introduction to the DIA project, background, it’s working, architecture, DIA token and conclusion. Contrary to the popular belief, smart contracts aren’t actually ‘smart”. Sure, they are self-executing complex codes, however, they also need external data to function effectively. That’s where the decentralized data oracles come in. DIA is an example of one such project.  The oracles procure secure and reliable data from a variety of sources and then filter and transmit them to the smart contracts that are required for the resolution of contracts. They can help settle liquidations,

What is OIN Finance? A DeFi Guide to $OIN

The emergence of several decentralized finance (DeFi) projects has taken up most of the transaction capacity of the Ethereum network. As a result, the blockchain has too much traffic and gas costs are substantially increasing, making it hard for users to transact on it. This congestion problem has made a negative impact on the broader DeFi space and is curtailing adoption. In order to get around this concern, OIN Finance tapped on to the Ontology network, making it the first DeFi protocol built on the Ontology chain. Ever since they