Effect of CME Futures Options on BTC Price Depends on Halving

CME Group launched new Bitcoin options on Jan. 14, which was revealed by the company’s global head of equity products Tim McCourt. The introduction of crypto options by a derivatives heavyweight in CME will further uplift the institutional infrastructure supporting the asset class. Over the long term, investors generally anticipate improvements in the infrastructure surrounding Bitcoin (BTC) to have a positive impact on the cryptocurrency market. CME Bitcoin options is a net positive for crypto Speaking to Cointelegraph, cryptocurrency technical analyst Eric Thies said that CME options will bring in…

Exchanges Hold More Bitcoin Than Ever as Coinbase Wallet Nears 1M BTC

United States cryptocurrency exchange Coinbase will soon hold a million Bitcoins (BTC) in its cold wallets in a controversial first for the industry. According to data from news and information resource Longhash released on Jan. 23, Coinbase’s cold wallets contained around 970,000 BTC ($8 billion) as of Jan. 1. Coinbase weeks away from 1 million BTC If current growth continues, the company will reach the 1,000,000 BTC mark by February. Coinbase cold wallet balance, 2019-present. Source: Longhash The trend underscores growing tendencies to interact with Bitcoin via exchanges, with the…

Greece Extradites Alleged Launderer of $4B in BTC Alexander Vinnik to France

Greece’s Council of State ruled for the extradition to France of former operator of now-shuttered crypto exchange BTC-e and Russian national Alexander Vinnik. English-language local news outlet Greek Reporter reported on the court’s decision on Jan. 23. Yesterday, Russian news agency TASS reported that Russian Foreign Minister Sergey Lavrov protested: “The decision to extradite him to France is inadmissible as long as no explanations have been provided why he is not extradited to Russia. His family has been broken up, his right to life and health violated. Greece is obliged…

Craig Wright Still ‘99.9999%’ Sure That He’ll Get Access to BTC Fortune

Speaking with Cointelegraph’s video team on Jan. 20, Satoshi-claimant Craig Wright remained confident that he will get access to the Bitcoin fortune he famously claims to be locked up in the Tulip Trust.  Access to the Tulip Trust Regarding the controversial Tulip Trust, and his ultimate ability to access his reported bitcoin fortune, Wright told Cointelegraph:  “I’m 99.9999 and a few more 9s percent certain that I will be taking control of my BTC and whatever else.” Craig Wright is one of the more famous of the many people to…

BTC Could Hit $10K, ‘Stay Away from North Korea,’ Akon City: Hodler’s Digest, Jan. 13–19

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 Bitcoin ready to push above key resistance to hit $10,000 The world’s biggest cryptocurrency has started 2020 fighting. For a time on Friday, Bitcoin hit $9,000 — with analysts claiming there are multiple signs that a “bullish transformation” is underway. This weekend also saw the…

Binance and Huobi Received Over 52% of Total $2.8B Illicit BTC in 2019

Binance and Huobi have together received over 52% of total $2.8 billion illicit Bitcoin (BTC) transfers in 2019, according to a new report. Chainalysis’ findings Over the course of 2019, criminal entities moved a total of $2.8 billion in Bitcoin to cryptocurrency exchanges, according to a Jan. 15 study from Chainalysis. According to the New York-based firm, Binance and Huobi, two of the world’s largest crypto exchanges to date, have received 27.6% and 24.7% of total transfers from criminals in 2019. As such, the two major crypto trading platforms are…