By CCN Markets: Bitcoin has already come of age as a safe haven currency, a market analyst has pronounced. According to eToro’s senior market analyst Mati Greenspan, the cryptocurrency is trading at a premium of over $ 100 in Hong Kong on the TideBit exchange. Heavy Bitcoin Demand Results in Hong Kongers Paying Premium Price In Greenspan’s view, this a demonstration of the cryptocurrency’s ability to serve as a refuge currency in uncertain times. Bitcoin is trading at a premium of about $ 160 in Hong Kong. Pictured is the HK exchange TideBit where a single BTC is going for 73,120 HKD
Right now, thousands of citizens from Hong Kong are protesting certain leaders and opposing a proposed extradition law. Alongside the protests, the country’s political issues are reportedly pushing wealthy Hong Kong residents to move their capital offshore. Since last week, the price of bitcoin core (BTC) has gained a premium in Hong Kong as the digital asset has been trading between $ 75-150 higher than the global average.
Whether cryptocurrency enthusiasts believe the stablecoin controversy is worrisome or mere FUD, the news surrounding the $ 850 million of Bitfinex funds locked up has shaken the markets. Now, digital asset traders are closely monitoring the large premium on Bitfinex, where the price of BTC is trading for $ 300 more than on most spot markets. The publicly known Bitfinex cold storage wallet is also being monitored as large sums of BTC have left the address since the announcement last week.
Investors in China are reportedly loading up on Bitcoin (BTC) at a premium based on the multi-step process required to turn fiat into most cryptocurrencies in the country. According to a recent analysis by cnLedger, Chinese traders are paying a fairly decent premium (~4.5%) to buy Bitcoin over the counter (OTC), paying 7 CNY for […]
Equity and crypto market data portal TradingView, one of the most popular websites for crypto prices and charts, has announced the launch of its brand new Crypto Dashboard and a discounted Premium price that’s locked-in at 0.09 Bitcoin (BTC) per year — $ 323 at present. TradingView is happy to launch the Crypto Dashboard that is designed […]
In early 2018, we set out to build a new media outlet that would provide crypto investors and enthusiasts with an informative, trustworthy source of content, while bridging the new industry with adjacent industries like gaming, tech and esports. Since that time, we have published more than 2,000 crypto articles, covering everything from breaking news on […]
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On Bitfinex, a leading cryptocurrency exchange, Bitcoin is being traded with a 2 percent premium based on the current price of $ 6,285. As BitMEX Research revealed, the premium of Bitcoin on Bitfinex continued to increase throughout the past week, during a period in which Tether (USDT) started to demonstrate a decline in price. Currently, on
The post What’s Causing 2% Bitcoin Premium on Bitfinex? Possibility of Arbitrage appeared first on CCN
The next wave of USD-backed stablecoins have begun to make their way onto high-volume cryptocurrency exchanges, and early indications suggest that traders may trust them more than tether (USDT). New USD-Backed Cryptocurrencies Vie for Tether’s Crown As CCN reported, cryptocurrency firms Gemini, Paxos, and Circle have all in recent weeks launched asset-backed “stablecoins,” cryptocurrency tokens … Continued
The post New Crop of ‘Regulated’ Stablecoins are Trading at a Premium to Tether appeared first on CCN
The premium on Bitcoin Investment Trust (GBTC), a publicly tradable Bitcoin instrument operated by Grayscale Investment, a $ 2 billion cryptocurrency fund and subsidiary of Digital Currency Group (DCG), has dropped by 10 percent in the past week. Tyler Jenks, the president of Lucid Investment, who operated as an analyst in the traditional finance sector for
The post GBTC Premium Down 10%: Will Bitcoin Drop in Price or is ETF Hype Rising Again? appeared first on CCN
While South Korea’s government policies have largely nullified the so-called ‘Kimchi Premium’ in cryptocurrency prices, the country’s central bank has called for continued monitoring into markets. Officials at the Bank of Korea (BOK), the country’s central bank, have called for continued vigilance into South Korean crypto trading markets in an attempt to keep a lid
The post S.Korea’s Central Bank Sweats Over ‘Kimchi Premium’ in Cryptocurrency Prices appeared first on CCN
IQ Token had announced the development of a platform that will provide consumers and businesses with on-demand access to premium internet lines, regardless of who their existing provider is, facilitated by blockchain technology. The service is designed to ensure optimal, uninterrupted internet performance for intensive and/or business-critical applications during periods of high latency.
The IQ Token platform analyses traffic and latency patterns to channel user activity to one of many Internet Service Providers with appropriate capacity. Users will be able to procure access to the IQ Token service for a little or as long as they need, using tokens. The platform will utilize blockchain technology to facilitate payment to the various ISPs and process all transactions in real time; it will also securely store all data in smart contracts.