Survey by #Ripple and Faster Payments Council shows global merchants may adopt crypto payments in the future, potentially transforming cross-border settlements.
👍2
Open interest for the March 17 options expiry is $1.2 billion, but the actual figure will be lower because bears have concentrated their bets on Bitcoin trading below $23,500.
The difference in open interest between the $590 million call (buy) options and the $640 million put (sell) options is reflected in the 0.93 call-to-put ratio. The expected outcome, however, is likely to be much lower, as bears were caught off guard when Bitcoin’s price surged above $23,000 on March 13.
The difference in open interest between the $590 million call (buy) options and the $640 million put (sell) options is reflected in the 0.93 call-to-put ratio. The expected outcome, however, is likely to be much lower, as bears were caught off guard when Bitcoin’s price surged above $23,000 on March 13.
👍2
Comparison of the change in Bitcoin wallets over the course of the 2021-23 cycle shows that small entities, with < 50 BTC, have absorbed the largest volume of coins, sourced from Whales, Miners and Exchanges — link
👍2
ANALYSIS: Strong #BTC inflows to exchanges continue. According to Glassnode, more than $1 billion worth of BTC was sent to exchanges in 2 days.
🔥2👏1
Historically, Bitcoin has had an inverse correlation with the U.S Dollar. Over the past month, this negative correlation has mostly disappeared amid a wider market rally — link
👍3
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. -Link
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. -Link
👍4
Ordinal innoscriptions have surpassed the 500,000 mark, and at the time of writing, there are approximately 522,243 innoscriptions on the Bitcoin blockchain. Essentially, the technology behind Ordinal innoscriptions allows people to embed all types of arbitrary data into the blockchain. Innoscriptions include data such as text, images, audio, video, and applications.