3 Things to Know About BTC Futures and Crypto Exchange Liquidation Engines

Most traders fail to understand how Bitcoin (BTC) derivatives exchanges handle their risk. There is a consensus that the winners get paid by the losing parties, but it is not as simple as it seems. Insurance funds were initially designed to protect clients positions during excessive volatile periods. Nonetheless, some exchanges such as BitMEX display a relatively steady insurance fund hoarding despite significant hourly price swings of 10% or higher. BitMEX insurance fund vs. Bitcoin. Source: cointrader.pro The above chart shows that the BitMEX insurance fund (orange line in BTC…

If Bitcoin Traders Short Here, They Have “Terrible Odds” Of Making Money: Analyst

Bitcoin’s consolidation over the past few weeks hasn’t been seen as bullish by everyone. Case in point: institutional traders on the CME are currently net short on BTC futures. Yet, a trader says that those shorting have “terrible odds” of making money. Related Reading: Ethereum Could Soon “Rally Hard” as DeFi Hits Escape Velocity: Fund Manager Bitcoin Is Historically Unlikely to Drop From Here According to an analyst, Bitcoin has a historically low chance of dropping from the $9,000 consolidation. He shared the chart below on June 21st to illustrate this…

Cyprus Hospital Ready to Store COVID-19 Test Results on Blockchain

Blockchain tracking platform VeChain announced on Twitter on June 20 that its blockchain-based medical data management platform co-developed with digital healthcare solution firm I-Dante has gone live and will store COVID-19 testing results. The platform, dubbed E-NewHealthLife, was deployed in the Mediterranean Hospital in the Republic of Cyprus. Cyprus citizens who go to the hospital’s COVID-19 laboratory to undergo real-time diagnostic and antibodies testing, will have their medical and test records on the blockchain. The records will be encrypted, hashed and uploaded onto the VeChainThor Blockchain. The results will also…

Bitcoin’s Battle, Robinhood Tragedy, $2.1B Black Hole: Hodler’s Digest, June 15–21

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Should Bitcoin traders stay bullish if BTC price corrects to $7,700? Bitcoin is at a pivotal point — and the next few weeks are likely to be critical in establishing a medium-term price trend. The resistance zones are still clear: $10,100 to $10,500. According to…

CME Futures: Institutions Are Still Short on Bitcoin as Price Stalls in $9ks

Bitcoin has found itself stuck in the $9,000s for weeks on end. Save for a few flashes of volatility, the cryptocurrency has traded within 10% of $9,000 for nearly two months now. Historical odds say that BTC has an extremely high chance of breaking out of this consolidation, but market data shows that institutions are betting on the downside. Related Reading: Ethereum Could Soon “Rally Hard” as DeFi Hits Escape Velocity: Fund Manager Institutional Traders Are Short on Bitcoin Via CME’s Futures According to the chart below shared by data…

How and Why Major Stars Are Embracing Tokenization

Over the last two years, the cryptocurrency industry has gone through a paradigm shift, as developers, projects and users have begun applying blockchain technologies to ever more innovative and intriguing use cases. Among these, the tokenization of entertainers, sports stars and big personalities stands out as one of the most unusual recent trends because traditional sports, entertainment and modern technologies like blockchain seem like an unlikely pairing. However, the tokenization of sports contracts, intellectual property in sports, stars and players is actually the logical next step in the evolution of…

Developer Who Successfully Hacked Bitcoin Wallet Ensures Bitcoin Is Still Safe

John Cantrell, Bitcoin and Lightning Network project developer, recently revealed he had successfully hacked a Bitcoin address. His article, however, received a number of responses with many concluding Bitcoin isn’t secure. Cantrell felt people missed the point of the exercise so, in a tweet thread on June 19, explained and ensured people that despite hacking a wallet, Bitcoin is still safe.  Takes forever to crack the wallet  According to Cantrell, bitcoins stored in a wallet generated from a 12-word mnemonic is secure. The only reason why he was able to…

Blockchains Are an Excellent Solution for Privacy, Part 2

From a technical viewpoint, blockchain is a growing records list that is cryptographically tied to and managed by a peer-to-peer network. At the same time, they join a protocol of communication among nodes to validate new blocks. Essentially, a blockchain is a way of validating data transactions in a permanent and immutable manner to guarantee that the transaction: Has not been corrupted. Avoids double-spending. May transfer value. We can also say that blockchain technology is a decentralized network where all the records are engraved in a distributed way and shared…

United States in Distress: Changemakers Needed Now

As with most of the globetrotting crypto and blockchain set, I find myself grounded. Me, in my Manhattan apartment for the past several months, watching the COVID-19 pandemic grow out of control while systems break down in spectacular fashion and frighteningly few politicians provide effective leadership. Compounding the effects of the health crisis is the ensuing economic crisis, which has left historic levels of Americans unemployed and has wiped out entire industries. Many are wondering how the United States, one of the richest and most powerful countries in the world…