Ethereum (ETH) traded in the red at press time on Sunday night amid uncertainty whether
Tesla Inc (NASDAQ:TSLA) Elon Musk hinted at dumping the automaker’s cryptocurrency holdings but there is one coin that bucked the trend over the past week.
What Happened:
Polygon (MATIC) has soared 69.63% over a seven-day trailing period leading up to press time. On a 24-hour trailing basis, MATIC traded 1.99% higher at $1.65.
Contrast this to BTC, which has fallen 22.82% in a seven-day period, and ETH which has declined 11.29%.
At press time, on a 24-hour trailing basis, BTC was down 4.48% to $45,398.65, while ETH traded lower by 9.2% at $3,440.47.
Quick Take
Wirex will not include XRP in a US version of the app when it launches in January.
Ziglu has decided to suspend XRP trading as of January 12
A handful of crypto wallet firms in the UK are contemplating whether to prevent millions of customers from trading XRP.
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December 30, 2020, 6:15AM EST
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1 min read
The New York Department of Financial Services (NYDFS) has given Japanese tech giant GMO Internet the green light to issue two stablecoins a dollar-pegged coin (ZUSD) and a yen-pegged coin (GYEN).
GYEN is the first non-USD stablecoin approved by the NYDFS. Both GYEN and ZUSD will be issued by GMO-Z.com Trust Company, a limited liability trust company that has been granted a charter by the NYDFS.
GMO said to win approval for the trust, it had to meet stringent requirements for cybersecurity programs, as well as federal standards for anti-money laundering and economic sanctions. The stablecoins are expected to launch next month and will be powered by Ethereum.
Bitcoin s price crosses $22,000 for the first time
Bitcoin s price has been hitting new records. It has crossed $22,000 for the first time.
At the time of writing, the world s first and largest cryptocurrency is trading hands at around $22,167 on Coinbase, according to TradingView.
The surge to $22,000 occurred in less than 12 hours. Last night, bitcoin was trading at around $21,260.
Source: TradingView
Bitcoin options daily trading volume crosses $1 billion as bitcoin surges above $23,000
December 17, 2020, 4:21AM EST
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1 min read
Bitcoin options daily trading volume has crossed the $1 billion mark for the first time, as bitcoin surges past $23,000.
Crypto exchange Deribit leads the bitcoin options market, followed by Bit.com and OKEx, according to tracker Skew. Meanwhile, bitcoin is trading hands at around $23,550 on Coinbase, according to TradingView.
Deribit CEO John Jansen told The Block that it is quite a special day as all metrics have hit new all-time high records for the exchange total open interest, total turnover, and total options turnover. We have seen a total turnover of $1.4 billion today (rolling 24 hours). Skew looks at calendar dates, so the market reached > $1 billion, but on Deribit alone, we traded more than that over the past 24 hrs, said Jansen. We get a lot of demand for higher strikes and have just introduced a USD 100k strike for Septem