Posted 1 minute ago In ~ US-based cryptocurrency exchange Coinbase has announced that it will launch retail-scale futures contracts for oil and gold. Coinbase Derivatives said Tuesday that its new product will be available starting June 3.“Cryptocurrency derivatives are core to our business, but we are excited to announce the launch of new futures contracts for oil and gold,” the company said in a statement.Coinbase Derivatives, which is regulated by the Commodity Futures Trading Commission (CFTC), already offers clients Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dogecoin futures, the company said in a statement.“The new contracts, worth 10 barrels of oil…
Author: Crypto Flexs
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One prominent cryptocurrency analyst believes that Bitcoin (BTC) is likely to continue trading near all-time highs at the expense of altcoins. In a new YouTube video, Benjamin Cowen tells his 801,000 subscribers that he believes the only reason Bitcoin is still above $60,000 is because traders are moving money from altcoins to BTC. Cowen warns that Bitcoin and the rest of the cryptocurrency markets will likely see a larger correction once liquidity in the altcoin market dries up. “The base case I have been saying for months is that Bitcoin will split the altcoin market to this point, and as…
index A surge in alternative cryptocurrencies is just around the corner. The bull market expected in 2024 portends a potential change in market dynamics. The focus is on specific cryptocurrencies that may be of interest. Investors want to find the next big move in this vibrant environment. The previous article goes into detail about why these cryptocurrencies could become notable cryptocurrencies when the market heats up.Over $6 Million Raised: BlastUP Presale Continues, Delivering Potential ROI of Up to 1000%BlastUP has been receiving a lot of attention recently due to its high potential to become a major force in the cryptocurrency…
According to an article by Chainalytic, the rise of cryptocurrency mining pools has significantly changed the cryptocurrency mining landscape. These pools allow individual miners to combine their resources and efforts to maximize rewards while minimizing the risks associated with individual mining. What is a Cryptocurrency Mining Pool? Proof-of-Work (PoW) blockchains such as Bitcoin (BTC), mining is a way to achieve consensus. Mining pools have emerged as a solution to the increasing competitiveness of Bitcoin mining due to the rise of application-specific integrated circuits (ASICs) and large-scale mining operations. These mining pools allow individual miners to…
In a recent interview with Bitcoin Magazine, Shinobi sat down with Blockstream’s Andrew Poelstra to discuss colleague Rusty Russell’s ambitious proposal. Rusty plans to restore several abandoned features in the Bitcoin code. This is a bold move that will significantly improve the functionality and expressiveness of Bitcoin Script.Understand the new costing modelOne of the key aspects of the “Restoring Great Scripts” proposal is the introduction of a new cost model for opcodes. Currently in Bitcoin, all operations cost the same regardless of computational complexity. However, this model does not accurately reflect the actual cost of script execution, resulting in potential…
In an effort to circumvent regulatory issues faced by many centralized exchanges and payment services, Diamond Standard Co. has introduced an alternative blockchain payment system called CARATS.CARATS breaks away from traditional centralized exchanges and payment services by using tokenized diamonds backed by physical goods to facilitate payments, remittances, and transfers of wealth between users.Individuals can purchase, trade, transfer, and cash out all or part of their tokenized diamonds for local currency or exchange tokens for physical diamond deliveries.Standard Diamond Co. achieves this by minting physical coins and bars encrusted with real diamonds, as well as an integrated chip that can…
Amid rumors and expectations, British cross-border bank Standard Chartered expects its Ethereum spot ETF to receive approval from the US Securities and Exchange Commission (SEC) this week. According to the bank, the approval of these spot ETFs could spur significant market inflows, with estimates ranging from $15 billion to $45 billion in the first year alone. Additionally, these expected capital inflows are expected to significantly improve Ethereum’s market dynamics, potentially pushing the price towards the $8,000 level by the end of 2024. Ethereum ETF approval means: In particular, Standard Chartered’s bullish outlook is supported by the imminent deadlines for the…
Bitcoin (BTC) experienced a significant surge on May 21, rising 8.5% in 24 hours to reach $71,926. The move left Bitcoin 2.5% behind its all-time high. Moreover, BTC derivatives are showing favorable conditions to hit all-time highs in the coming weeks.The 4% daily rise in BTC price appears to have been fueled by growing optimism about the probability of approval of a U.S. spot Ethereum exchange-traded fund (ETF) and the general market trend seeking inflation protection. This trend pushed gold and the S&P 500 index to new all-time highs on May 20th.Many traders are wondering whether the recent Bitcoin price…
Amid strong buying pressure, the price of Ethereum soared 20%, surpassing Mastercard in market capitalization. The SEC’s move to approve the ETH ETF sparked a market rally. So far, Ethereum (ETH) has experienced an incredible surge, rising nearly 20% in the past day alone. This impressive increase pushed the price of Ethereum past $3,600, its highest level since April 19th. Asset size is also trending upward, indicating strong buying pressure in the market. These developments come as Ethereum’s influence and adoption grows and highlights its position as the second-largest cryptocurrency by market capitalization. Leon Waidmaqnn, a renowned on-chain analyst, said:…
With meme coins joining the cryptocurrency party, analysts have chosen Floki Inu over Pepe and Bonk. A surge in Bitcoin and Ethereum could help FLOKI price rise. As the price approaches, the technical picture is also bullish for the meme coin. Pepe (PEPE) and Bonk (BONK) are up 33% and 24% respectively as the memecoin world bids to join the cryptocurrency party after Ethereum ETF news sparked a buying frenzy. However, while PEPE and BONK are currently outperforming among the top meme coins by market capitalization, one analyst shared some reasons to be bullish on Floki Inu (FLOKI). “Both $PEPE…