[ad_1] Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange. Headquartered in Panama City, Panama, Deribit is one of the largest cryptocurrency options exchanges by volume and open interest, with approximately 90% market share in bitcoin (BTC) and ether (ETH) options. The exchange also offers select futures on cryptocurrencies. David Dohmen, Deribit’s Chief Legal, Compliance & Regulatory Officer said the exchange considered several trade surveillance systems in anticipation of operating under the Virtual Assets Regulatory Authority…
Author: dfrancis36
[ad_1] New data from market intelligence firm DappRadar reveals that the total value locked (TVL) within the decentralized finance (DeFi) sector has skyrocketed to the highest level in 15 months. In a new blog post, DappRadar notes that DeFi’s TVL has reached $192 billion, a 17% rise from the previous month and the best it has registered since February 2022. TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem. According to the crypto analytics firm, the majority of the growth was driven by an…
[ad_1] Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder to be included on-chain. This market utility builds upon Blocknative’s reliable, real-time infrastructure that is systematically important to the Ethereum ecosystem. “MEV bundle control is an important element of our block-building capabilities. As Ethereum evolves, we remain committed to providing real-time infrastructure that supports transparency, accessibility, and decentralization block by block. To reduce friction and facilitate adoption, we have prioritized ease of use by ensuring…
[ad_1] Popular Bitcoin supporter Samson Mow has revealed what might be the next trigger for the price of Bitcoin as the cryptocurrency continues to trade just below its all-time high. The Bitcoin Maximalist and recently identified a ‘Godzilla candle’ potentially forming on Bitcoin’s price charts, which undoubtedly would send the cryptocurrency surging to new highs. His catalyst for the bullish projection, surprisingly, is GameStop adding Bitcoin to its treasury. Bullish Case For Bitcoin Bitcoin is no stranger to price surges stemming from institutional adoption from big traditional companies. With Bitcoin adoption increasing and more mainstream interest in crypto, several factors…
[ad_1] Japan-based banking giant Nomura, announced today that its digital assets subsidiary, Laser Digital, has made a strategic investment in Infinity, a non-custodial interest rate protocol built on Ethereum. Infinity’s wholesale exchange, the first of several planned infrastructures, provides inter-exchange clearing, fixed and floating rate markets, as well as enterprise-grade risk management utilizing hybrid on-chain/off-chain infrastructures that deliver transaction efficiency, security, and scalability. Infinity is a pioneering interest rate protocol that forms the basis for benchmark rates, institutional-grade lending, borrowing, and risk management in DeFi. The money market exchange protocol was founded by ex-Morgan Stanley Head of Structuring, Kevin Lepsoe.…
[ad_1] In a significant move reflecting its confidence in future growth, Core Scientific, one of North America’s leading operators of high-powered digital infrastructure for Bitcoin mining and hosting services, has rejected a non-binding acquisition proposal from CoreWeave. Core Scientific Rejects ‘Undervaluation’ The offer, made on March 28, 2023, valued Core Scientific at $5.75 per share in cash, a valuation deemed by the company’s board as significantly undervaluing its potential. This bold rejection underscores the company’s strategic vision to diversify and strengthen its business model amidst a rapidly evolving digital landscape. This decision has been well-received by investors, as evidenced by…
[ad_1] Deribit, a popular cryptocurrency derivatives platform, has announced the launch of zero-fee spot trading, allowing clients to buy and sell crypto while simultaneously managing risk using other derivatives. Spot trading will start on April, 24th 2023 at 1 PM UTC with three pairs (BTC/USDC, ETH/USDC, and ETH/BTC), providing clients with a simple and free solution for exchanging collateral and eliminating the need for external asset conversion. Clients will enjoy a zero-fee structure for trading these pairs. Aiming to foster liquid markets, Deribit will offer 0% fees for makers and takers on spot. Note, due to this structure, there will…
[ad_1] The Bitcoin price took a major hit at the end of the past week, falling below the psychological $70,000 level yet again. According to CoinGecko data, the price of BTC currently stands around $69,204, reflecting a 0.1% decline in the past day. However, on-chain data suggests that the premier cryptocurrency is currently retesting a significant support level and might soon resume its upward trajectory. Nearly 2 Million Addresses Purchased At This Bitcoin Price In a recent post on the X platform, prominent crypto pundit Ali Martinez revealed that Bitcoin has established a major support area around its current price…
[ad_1] A trader who accurately called Bitcoin’s (BTC) epic 2022 meltdown thinks Ethereum (ETH) is gearing up to revisit its all-time highs Pseudonymous analyst Capo tells his 847,900 followers on the social media platform X that he’s bullish on Ethereum as long as it holds its immediate support at $3,600. “ETH looking good for bullish continuation.” Source: Capo/X Based on the trader’s chart, he appears to predict that Ethereum will rally to $4,100 before a slight correction and a move toward its all-time high at around $4,900. At time of writing, Ethereum is worth $3,683, a fractional decrease in the…
[ad_1] The Chainlink (LINK) market is abuzz with chatter after a popular cryptocurrency analyst issued a bearish forecast. In a recent analysis, CryptoWzrd predicted a continued downward trend for LINK in the coming days, but also hinted at a potential “scalping” opportunity for nimble traders. Related Reading Scalping refers to a high-frequency trading strategy where investors capitalize on minor price fluctuations within a short timeframe. CryptoWzrd believes the current bearish trend in LINK presents an entry point for such tactics. However, the analyst emphasized the need for a strong trading signal before recommending a scalp. The next big move up…