Main news
Chicago Commercial Exchange(CME) became the No. 1 Bitcoin futures trading platform in the industry
According to cryptocurrency data analysis firm Skew, the Chicago Commercial Exchange (CME) has become the largest Bitcoin futures trading platform in the industry with $2.1 billion worth of outstanding pledges. CME is seen as a barometer for institutional investors’ participation because of its strong position in traditional financial markets.
Cryptocurrency Malware on the Run
In a recent report by cybersecurity company researchers, a malware called “ElectroRAT” has been quietly operating in cryptocurrency applications targeting cryptocurrency wallet users. It is estimated that 6500 people have been damaged by this malicious nose so far.
Electrorat has been collecting information about users’ cryptocurrency wallets by accessing victims’ computers using fake domains, websites, apps, and social media accounts. Due to the recent high rise in the price of bitcoin, the probability of malware targeting cryptocurrencies such as Electrorat also increased.
PayPal Coinbase Invests in Crypto Asset Tax Payment Solution Startup
PayPal and Coinbase have invested in TaxBit, a startup that provides custom software solutions for automating the filing of tax documents to consumers, businesses and exchanges. Over the past few years, the US Revenue Service (IRS) has caused confusion by sending conflicting messages about how to file taxes related to crypto assets.
Brief news
- A hospital in Cyprus, a Mediterranean island country, is using the VeChain blockchain to confirm the corona 19 vaccination.
- CoinCorner, a UK bitcoin exchange, has begun supporting the Lightening Network for the third time after Bitfinex and River Financial.
- The stock price of Marathon Patent Group, a cryptocurrency mining company listed on NASDAQ, surged on the 6th.
- Regulatory barriers remain to be overcome in order to keep ShapeShift’s promise to reconcile its business through decentralization so that it is not subject to KYC requirements.
- The Bitcoin realized price, which represents the average price at the time that Bitcoin last moved on-chain, has exceeded $10,000.
- Maeil Economic Daily reported that Korean game giant Nexon is trying to acquire the domestic cryptocurrency exchange Bithumb for around 500 billion won.
Market trend
The advent of the altcoin season
Analysts predicted an increase in altcoin volatility. The six-month implied volatility spread, which measures the expected relative price volatility between the two currencies, hit 46% for Ether and Bitcoin.
In other words, the market is seeing that Ether and other altcoins that are likely to move similarly to Ether, because they are based primarily on Ethereum, will move more than Bitcoin in the short term.
maker(MKR) price rise
The price of MakerDAO’s Ethereum-based governance token, Maker (MKR), hit the highest level in two years on the 6th. On the 7th, the maker traded for $1,251 and fell short of the record high of $1,798 on January 21, 2018.
Analysts cited the re-ignited vitality of the DeFi sector and the increase in supply of Maker Dao’s representative stablecoin dai.
· Translated by NewsPeppermint.
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