Bitcoin Insights

2021-12-04 10:27:01 Around $3.3B in Bitcoin  Open Interest just got closed out in 1hr.

That is around 17% of all contracts that were open.

This is what a leverage flush out looks like,and I really wish we didn't have them.

But we do, and this acts like a forest fire.

Spot + onchain take over now

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2021-11-29 10:47:03 Bitcoin processes more dollar value than PayPal, could surpass Mastercard by 2026

Bitcoin’s network has overtaken PayPal in the amount of dollar value it processes and could soon match that of Mastercard as it already processes 27% of its value.

Market intelligence platform Blockdata has suggested in a new report Bitcoin could outstrip credit card giant Mastercard in the number of dollar transactions value processed.

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2021-11-28 19:38:03 Germany's new ruling coalition calls for 'joint European supervision' of crypto in ruling agreement

A trio of political parties in Germany struck an agreement this week that will see them assemble a national governing coalition. Part of that agreement, according to the German-language text, includes a call for European countries to work together to monitor activities in the crypto sector.

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2021-11-28 17:12:02 The Banking Industry is taking $12 Billion in Overdraft Fees each Year from poor People: How is Crypto the Problem?

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2021-11-28 15:03:32 More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan

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2021-11-28 14:55:25 NFT exchange OpenSea made just $28,000 a month when it launched 4 years ago. Now its founders are about to be crypto billionaires.

OpenSea, now the largest NFT marketplace by trading volume, jumped from $1.1 million in transactions per month when it was struggling to get started, to an all-time high of $3.4 billion in August 2021

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2021-11-28 13:33:49 Ripple co-founder Jed McCaleb hasn’t sold XRP in 3 months, still holds $730M

Ripple co-founder Jed McCaleb was on average dumping $8 million in XRP every day earlier this year. Then, he stopped selling altogether.
The post Ripple co-founder Jed McCaleb hasn’t sold XRP in 3 months, still holds $730M appeared first on Protos.

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2021-11-27 14:42:10 Major Estonian Bank LHV Starts Offering Cryptocurrency Trading via Bitstamp

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2021-11-27 13:31:59 Tether pledges to work with policymakers on stablecoin transparency

Tether, issuer of the world’s most popular stablecoin USDT, has responded in multiple tweets saying it will work with policymakers, after the U.S. Senate Banking Committee earlier this week sent letters to several stablecoin issuers — including Tether — to inquire about their operational features.

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2021-11-26 15:02:54 Bitcoin dumps $2,000 within minutes as new COVID strain detected

Global markets reacted shortly after news broke out of a new COVID strain found in South Africa.

Bloomberg reported risk assets like emerging market currencies, bonds, and stock slid this morning, while treasuries and ‘safer’ European bonds surged.

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