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BTC Futures Open Interest Hits $23B, Binance Captures Lion’s Share, Signals Say 43% Chance of $64K Bitcoin by Month’s End

Bitcoin futures open interest on Monday has crossed $23 billion according to data recorded on April 5. The crypto asset exchange Binance has taken the lead as far as open interest in bitcoin futures is concerned with a massive $10.5 billion in open interest. Binance Captures the Bitcoin Futures Lead Not too long ago, Bitcoin.com’s newsdesk reported on CME Group capturing the lead as far as open interest in bitcoin futures. Today, that’s no longer the case, as Binance has jumped ahead of the pack as far as delivering futures derivatives products for BTC. Skew.com analytics indicates that Binance is…

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A Bybit CEO-ja szerint szándékosan megtámadhatók a kriptotőzsdék

A kriptotőzsdék biztonságával ismét foglalkoztak sok hírben, miután hackerek feltörték a KuCoin-t. De a Bybit vezérigazgatója, Ben Zhou szerint ez nem kell, hogy meglepje az embereket, mivel szerinte a tőzsdék szándékosan sebezhetőek. Zhou elmondta, hogy a tőzsdék egyetlen kudarcpontként működnek. Központosított webalkalmazásként a tőzsdék ugyanolyan biztonsági kérdésekkel állnak szemben, mint az összes többi webhely. A biztonság még fontosabbá válik, mivel a befektetők és a kereskedők egyre gyakrabban használják a tőzsdéket az alapjaik védelmére. Zhou szerint a kriptotőzsdék a digitális pénzeket forró tárcákban tartják. Ha a forró tárcák nincsenek megfelelően védve, akkor komoly sérülékenységnek vannak kitéve. Zhou úgy véli, hogy a…

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Bybit World Series of Trading Contest Ends with $1.27M in Prizes for Winners

The maiden edition World Series of Trading (WSOT) contest organized by Singapore-based crypto derivatives exchange service Bybit has come to an end with the winners earning about $1.27 million in prizes. The news marks another successful incentivized crypto games event created by the platform which continues to gain greater prominence in the cryptocurrency derivatives arena. Bybit Successfully Completes Another Crypto Trading Contest Bybit announced the completion of the event via a press release shared with Blockonomi on Thursday (September 3, 2020). According to the press statement, the competitions ended up winning about $1.27 million in total prizes. South Korean team…

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Trader Secures 5200% Gains To Win 1st Place Claim in Bybit’s World Series of Trading

The first ever World Series of Trading (WSOT) has concluded, with winners taking home a staggering $1.27 million worth of prizes. The space-themed event, hosted by derivatives exchange Bybit, involved 12,368 traders from 135 teams. The Singapore exchange intends to host the competition twice a year going forward. Featuring a prize pool of over 100 BTC, the three-week World Series saw traders from around the world unlock 100 BTC in the main BTC Troop Showdown event, while an additional 90,000 of USDT was won in the individual USDT Solo Throwdown. Bybit has pledged to donate 5% of the total prize…

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ByBit Expands To Korea And Japan With New Fiat Payment Options

ByBit expands to Korea and Japan with its new fiat payment options while also adding support for the Vietnamese language on the platform as we are reading more in the latest blockchain news. The crypto derivatives exchange ByBit expands to Korea and Japan after it added support for the Japanese Yen and South Korean won while trying to conquer the Asian markets. In an announcement, ByBit said that the addition of these two new fiat currency payment options took the total number of supported fiat currencies to 43. byBit also made a debut with the fiat payments options in June…

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Bybit Increases Its Grip on the Asian Market with Launch of KRW and JPY Fiat Gateway

Bybit, the Singapore-based derivatives exchange famed for its BTC options, has revealed new fiat gateways for the Asian market. The exchange is enjoying its best month to date thanks to the lure of its World Series of Trading (WSOT) competition that’s captivated the cryptosphere. Now, traders in Japan and South Korea can funnel fiat directlyRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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12,500 Traders Sign up for Bybit’s $1.2M WSOT Competition

All metrics suggest that crypto has entered a new bull market. Over $6 million a day is being spent on Ethereum in fees, active wallet addresses are at an all-time high, and interest in bitcoin trading has soared. This last fact is born out by the latest figures released by Bybit pertaining to its World Series of Trading. Close to 12,500 traders have signed up for the 100 BTC event including 135 teams. While DeFi assets 10x, Uniswap volume outstrips CEXs, and bitcoin flirts with $12K territory, Bybit is doing its bid to drum up interest in crypto assets. Its…

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Bybit Donates $100K From Crypto Trading Contest to UNICEF for COVID-19 Relief

Bybit crypto derivatives exchange is the latest cryptocurrency business to commit funds towards combating the ongoing COVID-19 pandemic. The Singapore-based platform plans to commit a portion of the prize pot for its upcoming trading competition to help children affected by the deadly virus. Since the emergence of the novel coronavirus outbreak, cryptocurrency businesses have been making donations to non-profits on the frontlines of combating the spread of the disease. Businesses with their own charity arms are also partnering with key stakeholders to mobilize relief efforts for communities most affected by COVID-19. Bybit Pledges $100k to UNICEF to Fight COVID-19 Bybit…

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Bybit presents World Series of Trading (WSOT) – 200 BTC Prize Pool up for Grabs

While movie theaters may be unusually empty this time of the year, a different kind of summer blockbuster is coming soon, one that promises to bring back the exhilaration of competitive crypto trading with up to 200 bitcoins (BTC) prize pool, up to 20% off trading fees and up to $9,400 in USDT bonuses. A Blockbuster Competitive Crypto Trading Tournament Crypto derivatives exchange Bybit announced today the World Series of Trading (WSOT) launch, a bi-annual global crypto trading competition. The inaugural edition of the tournament will feature a prize pool of up to 200 BTC, the largest of any crypto…

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Bybit Will Give More Than $100K From Its WSOT Competition to Charity

On August 10, Bybit’s eagerly-anticipated World Series of Trading (WSOT) will commence, with 200 BTC up for grabs. The exchange has now promised to donate 5% of the total – 10 BTC – to charity, meaning UNICEF is in line to receive over $100,000. The sizable donation correlates with the bumper prize that’s available toRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Reddit Roundup – June 2020

Ladies and gentlemen, we bring you the first ever edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine! This contains 50 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other one as well such as r/BitcoinMining. In this roundup there are 10 different categories each link falls under, and the categories are: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents), and last but not least Memes, Fun, And Other.  Big shoutout to…

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