Bitcoin Futures Average Daily Volume up 93% in Second Quarter

Bitcoin (BTC) futures average daily volume (ADV) at the Chicago Mercantile Exchange (CME) increased by 93 percent in the second quarter over the first quarter of 2018, the company revealed in a tweet July 20. CME also stated that the rate of open interest (OI) or the number of open contracts on Bitcoin futures has exceeded 2,400, which amounted to 58 percent increase in Q1. CME Bitcoin Futures ADV and OI in Q1 2018 and Q2 2018. Source: CMEGroup One of the biggest global exchanges, CME Group launched Bitcoin futures…

Cloud Mining Platform HashFlare Stops Services, Disables Equipment on SHA-256 Contracts

Cloud cryptocurrency mining service HashFlare announced July 20, that it is stopping mining services and shutting down hardware on current SHA-256 contracts due to difficulty generating revenue. HashFlare is a cloud cryptocurrency mining platform founded in 2013. Cloud mining is a system where a user purchases a portion of the mining power of hardware hosted and owned by a cloud mining service provider. The service provider configures the hardware, maintains uptime and selects the most efficient and reliable pools. The decision to discontinue mining maintenance is reportedly the result of…

Who’s In Control of Tezos? That Answer Is About to Change

“To me, it kind of feels similar to the beginning of ethereum.” Andrew Paulicek, founder of Happy Tezos, isn’t the only one excited about the upcoming milestone in the life of Tezos, a blockchain network that launched three weeks ago after a series of long, painful delays. Every three days or so – the exact intervals vary – Tezos enters a new “cycle.” At some point this weekend, likely Saturday, it will cross the threshold into the seventh cycle (sometimes called cycle six, because techies count from zero). When that…

Blockchain Phones Calling the Future of Telecommunications

The emergence of blockchain technology has piqued the interest of a number of different sectors across global society. From finance, politics, economics, automotive and technology, blockchain is starting to take root. It is now being seen that communications could be the latest sector to benefit from this technological revolution. There has been a predictive report that came out on July 11 from Marketwatch that is suggesting that blockchain technology will contribute as much as $1 billion to the telecommunications sector in the next five years. When delving deeper into the…

Coinbase Reportedly Secures $20 Billion Hedge Fund Through Its Prime Brokerage Services

Major U.S. crypto wallet and exchange Coinbase has reportedly secured a $20 billion hedge fund for its custody service, Business Insider reports July 19. Coinbase launched “Coinbase Custody,” its digital assets custodian solution for large institutional investors, on July 2. The new service is notably secured through an independent broker, Electronic Transaction Clearing (ETC), that operates in compliance with the U.S. Securities and Exchange Commission (SEC). People familiar with the matter told Business Insider that Coinbase had both secured the unnamed $20 billion hedge fund and is also seeking partnerships…

Huobi Launches Service to Build Crypto Exchanges in the Cloud

Huobi, the world’s third-largest cryptocurrency exchange platform by trade volume, is now offering a business arm to help customers build their own digital asset exchanges. Dubbed the Huobi Cloud, the service is set up to provide clients “a one-stop solution … [to enable] its partners to build secure and stable digital asset exchanges quickly,” according to the official press release, though it did not provide specifics on what it will offer these partners. The company goes on further to explain: “Over the past five years, Huobi has accumulated rich and…

Newly Launched Bitcoin Optech Initiative Aims to Address BTC Scalability Issue

A team of Bitcoin (BTC) engineers has announced the launch of the Bitcoin Operations Technology Group (Bitcoin Optech) addressing the problem of Bitcoin’s scalability, according to their statement published July 20. Bitcoin Optech is a non-profit organization backed by leading industry players like PayPal Board Member Wences Casares, executive of Kohlberg Kravis Roberts & Co. Ltd John Pfeffer, and cryptocurrency research and development group Chaincode Labs. At this stage, Bitcoin Optech focuses on “operational technical work, such as segwit usage, transaction batching, fee estimation and coin selection,” helping companies integrate…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 20

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Have cryptocurrencies bottomed out? This is the first question to pop up in any crypto investor’s mind following the recent pullback from the lows. Arthur Hayes, a Bitcoin bull and co-founder of one of the largest crypto exchanges Bitmex is not convinced that…

Supreme Court Decision on Central Bank Crypto Dealings Ban Moved to September

The Supreme Court of India’s hearing on the central bank’s ban on crypto dealings, originally scheduled for July 20, has been moved to September, according to a July 19 Twitter post by a team of Indian lawyers involved in crypto regulatory analysis. The Reserve Bank of India’s (RBI) crypto banking ban was implemented in early April of this year, and prohibits local banks from providing services to any person or business that deals with cryptocurrencies. The July 19 tweet notes that the Supreme Court listened to “limited arguments” on the…

CoinMarketCap Announces Changes to Counter Fake Volume Concerns

The popular crypto data tracker CoinMarketCap is instituting changes in light of what it called “concerns” over fake volume figures. In a blog post, published on July 19, the site said that it had already dropped a minimum volume requirement for exchanges listed on the site, a policy it said was originally pursued “in order to filter for more popular exchanges that could be listed on CoinMarketCap.” The site also plans to introduce new filters and ranking metrics in a bid to give users “the power to experience and use…