The massive amount of liquation has occurred in a period when the Bitcoin price movement was skewed towards the bullish side. During the last 30 days, Bitcoin broke the crucial $13,000 resistance mark and began flashing continued signs of strength towards the end of October. By press time, the asset had hit its all-time high since January 2018 at $15,206. The unusually high number of liquidated short positions could be correlated to the more bearish short-term outlook on the market....

Speaking to Kitco News, Grummes opined that investors should not rely on the rally witnessed in recent days but approach the asset with caution. He noted the asset would potentially experience further corrections in the coming months before a new record price. The director maintained that the $100,000 target is the conservative price for most of the cryptocurrency sector. Price movement after $100,000 According to Grummes, if Bitcoin trades at $100,000, the asset price movement will embark on a historical trend....

The two foundational components of quantitative finance as a discipline are: the theorem of arbitrage-free pricing (meaning that when building/applying mathematical models, for the sake of convenience, an ideally efficient arbitrage-free, and complete market is assumed);and the perhaps the most famous in all of the finance – Black-Scholes formula which has become the industry standard for pricing options. Quantitative finance really emerged as a discipline in the 1970s following the work of Fischer Black, Myron Scholes, and Robert Merton on options pricing theory for which they were awarded the Nobel Prize in Economics....

The report dubbed Global Cryptocurrencies: 2022 Outlook notes that the U.S. might enact regulations to govern the sector in a bid to stay ahead after China’s increasing ban on digital currencies. Additionally, Bloomberg states that the growth of non-fungible tokens alongside bullish price projections will potentially push the U.S. to adopt cryptocurrencies. According to the report: The report also projects that the adoption might follow a potential surge in Bitcoin and Ethereum value due to a continued decline of U....

The transaction was completed after the connection of the Hong Kong innovative trade finance platform dubbed eTradeConnect and the Trade Finance Blockchain Platform on the China mainland. With the transaction, TCL was among the first players to take part in the platform docking transactions. The bank highlighted some of the benefits following the docking of two platforms. The bank stated that the transaction automated trade processes’ completion improved cross-border trade service levels and corporate trade financing efficiency....

The report highlighted what to expect from a central bank-issued digital currency. According to BOJ, CBDCs will complement, not replace, cash, and focus on making payment and settlement systems more convenient. According to the report: The report also highlighted some of the beneficial CBDC features like universal access, security, and instant payment capabilities. CBDC experiments set for April 2021 The institution also plans to have financial institutions and other private entities work as intermediaries between the central bank and users....

After identifying the so-called ‘bouncing ball pattern’ in conjunction with a rally, crypto trader and analyst Josh Rager noted on October 16 he does not see much hope for the flagship digital asset in the near future. Basing his opinion on the technical analysis (TA) of the crypto coin’s price action, the crypto expert stated that he was “never a fan of the bouncing ball pattern with rallies,” adding that “it never ends well....

In a statement, the firm said that merger documents have already been executed. The company has long announced its plan to merge with a US publicly traded company trading via the OTC Markets. Bullet said that it will provide further details regarding the reverse merger on Monday, Aug. 16 in a bid to give ample time for the firm it has merged with to complete the required filings to codify the deal with the Nevada Secretary of State....

The COVID-induced constraints in the supply chain have negatively affected the Chinese electric vehicle (EV) manufacturers Li Auto and other similar companies such as Nio Inc (NYSE: NIO). However, Li Auto remains upbeat about the company’s prospects for future expansion because of its lineup of cutting-edge automobiles. Since it started making delivery of its L9 SUVs on August 30, the company has seen a healthy amount of demand for these vehicles....

In the midst of the Medicare expansion budget plan presently being reviewed, the consumer cost-cutting company closed -4.54% lower on Tuesday and -13.12% lower in the previous month. In point of fact, CLOV is currently trading near the bottom of its 52-week range, not a great sign, especially when the S&P 500 Index is nearing new 52-week highs at the moment. Moreover, there has been a significant decrease in volume in the last few days as both the short-term and long-term trends appear neutral....

Starting from April 25, CME Group will launch 11 new cryptocurrency reference rates and real-time indices, to be calculated and published each day by CF Benchmarks, one of the leading providers of cryptocurrency benchmark indices, the organization announced in a press release on April 6. Specifically, the list includes Cardano (ADA), Chainlink (LINK), Solana (SOL), Algorand (ALGO), Bitcoin Cash (BCH), Cosmos (ATOM), Litecoin (LTC), Stellar Lumens (XLM), Polygon (MATIC), and Uniswap (UNI)....

According to a ruling issued [PDF] by U.S. District Judge Beth Bloom, Wright must pay an additional $43 million to a joint venture he co-created, on top of the $100 million judgment against him last year. In December, a jury determined that Wright had illegally taken intellectual property belonging to the joint venture with late computer forensics specialist Dave Kleiman, W&K Info Defense Research. According to the court’s final decision, the extra $43 million in interest on damages sustained by W&K from the time he seized possession of the IP in 2013 until the court’s final verdict....

Crypto.com announced that an interim audit indicates that its reserves stand at approximately $2.9 billion, the exchange said in a blog post on November 11. According to the exchange, part of the reserves entails about 53,024 Bitcoins (BTC) and 391,564 Ethereum (ETH) while promising to publish full audited results in the future. Notably, the company posted the reserves after hitting the 70 million users milestone. The number of holdings was also confirmed by Crypto....

The flagship cryptocurrency has lost more than 50% of its worth over the past six months amid a market-wide decline that has erased more than $1.5 trillion from the global crypto market cap. Notably, the CoinMarketCap crypto community considers that the asset will surge 61.81% from the current price to trade by May 31, 2022, with the target being based on the average of votes by 46,501 members. The price forecast is based on the average of the past six estimations made by the crypto community, which has historically predicted Bitcoin prices with an accuracy record of 83....

Immediately after the earnings report was published, the price of Bitcoin lost almost 2% in value, and the flagship digital asset now finds itself trading below $23,000 as of July 21. Nevertheless, the global crypto market cap is still worth $1.03 trillion, a 2.52% decrease over the last day, with the Tesla news seemingly impacting the market. In particular, the total crypto market volume over the last 24 hours is $93....

Nevertheless, despite market fears over a possible crypto tax reporting provision in the US infrastructure bill, Bitcoin rose to its highest level in over three months on Saturday before reversing some of the weekend’s gains as the flagship asset aims to launch its next comeback, approaching $50,000 for the first time since May. As of press time, Bitcoin is changing hands for around $43,747, down 1.9% in the last 24 hours, while its market dominance is now 46....

The general market posted significant losses that affected almost every single cryptocurrency. According to data provided by CoinMarketCap, within two hours, the market wiped out about $330 billion, with the general mark cap crashing to $1.95 trillion within two hours. However, the market has recovered about $170 billion to $2.12 trillion. The plunge was initiated by Bitcoin, which crashed from about $52,000 to almost $44,000. The crash comes as the cryptocurrency market experienced a historical moment with the official rollout of Bitcoin as legal tender in El Salvador....

As it happens, Ben Armstrong, the individual behind the ‘BitBoy Crypto’ YouTube channel, is suing his fellow crypto YouTuber Erling Mengshoel, ‘Atozy,’ before the U.S. District Court of Georgia over alleged slander, Law360 reported on August 15. Details of the lawsuit According to the document, Armstrong has filed a complaint against Mengshoel “for defamation (…), intentional infliction of emotional distress, negligent infliction of emotional distress, tortious interference with business relations (…), and violation of fair business practices act....

According to Resolution 215 published by the state-run Official Gazette on Thursday, the country’s central bank is set to roll out new rules on how to deal with crypto assets. The move means that commercial providers of related services are now required to secure a license to operate from the central bank, CNBC reports. Cuba to benefit from recognizing cryptocurrencies Fintech data analyst Boaz Sobrado said that Cuba could be seeing the benefits of adopting cryptocurrencies....

They can also be used to help organizations resolve each other’s namespace in a situation where the organizations may have direct links into each other’s networks and have the need to resolve internal hostnames to access internal resources. To configure conditional forwarding, open the DNS console under Administrative Tools, right-click on the DNS server node, select properties to open the Properties sheet for the DNS server, and select the Forwarders tab....