Cboe Digital to Launch Bitcoin and Ether Margin Futures Trading in 2024
Cboe Digital has announced that it will launch Bitcoin and Ether margin futures trading on January 11, 2024, making it the first regulated crypto-native exchange in the US to offer both spot and leveraged derivatives trading on a single platform. Margin trading allows customers to trade futures without posting full collateral, increasing capital efficiency. Cboe Digital plans to expand into physically delivered products eventually, subject to regulatory approval. The industry is also waiting for a decision from the SEC on 12 applications for BTC spot exchange-traded funds.
Bitcoin Researcher Proposes Decentralized File Hosting Incentivized by Bitcoin Payments
Bitcoin researcher Robin Linus has proposed a new system for decentralized file hosting incentivized by Bitcoin payments. The "BitStream" proposal suggests an open market for content hosting could be created by exchanging coins for files, using payment channels like Lightning to charge for each download. The server would encrypt the file and a bond contract would ensure the client receives the exact file or can punish the server. Linus's previous "BitVM" paper aimed to avoid clogging up the network's performance by carrying out transactions or computations off-chain, and the BitStream proposal could be combined with it.
Bloomberg ETF analyst: Bitcoin spot ETF is more likely to be approved in January next year compared to this week’s window
Bloomberg ETF analyst James Seyffart wrote on X platform that if the SEC approves a Bitcoin spot ETF, the ETF is more likely to be approved during the January window than this week's window.
A certain whale address withdrew 716 BTC from Binance again 15 minutes ago.
On November 13th, according to Lookonchain monitoring, a certain whale address withdrew 716 BTC (approximately $2,650) from Binance 15 minutes ago.<br>Since October 4th, the whale address has accumulated 4,232 BTC (approximately $156.5 million), with an average purchase price of approximately $31,452, and current profits of $23 million.
Bitcoin.com founder: Bitcoin is bringing financial innovation to the world
Roger Burr, the founder of Bitcoin.com, stated at the UpBit D conference held in Seoul that Bitcoin is bringing financial innovation to the world and predicted that Bitcoin will enable the world to enjoy a fast and stable financial platform environment like South Korea. Cryptocurrencies like Bitcoin are protected by mathematical rules based on blockchain. Being protected by mathematical rules is the most powerful way to protect one's property rights.
Hong Kong Legislative Council Member Qiu Dagen: Bitcoin can be classified as a financial product and included in the asset scope of the "Capital Investor Entry Scheme"
Carrie Lam, the Chief Executive of the Hong Kong Special Administrative Region, stated in the "Chief Executive's 2023 Policy Address" that she will implement a HKD 30 million capital investor immigration plan and restore investment immigration after 8 years. One of the "Big Four" accounting firms, PwC, has revealed that it has already received inquiries from clients. Hong Kong Legislative Councilor Holden Chow believes that the government can clarify the scope of investment assets, such as listing Bitcoin traded on licensed virtual asset trading platforms as financial products, which should theoretically be allowed. PwC Hong Kong tax partner Wang Xiaoyan hopes that the government will expand the categories of assets and income eligible for tax incentives, which currently do not include investment categories such as art, wine, and virtual assets.
A trader bought approximately $2.039 million in BTC on Binance at a price of $37,230.
According to WhaleTrades monitoring, at 10:48:39 Beijing time, a trader bought 2,038,863.72 US dollars worth of BTC on Binance at a price of 37,230 US dollars.
Search volume for Bitcoin, crypto, etc. on Google peaked in late October and gradually declined in November.
According to data from Google Trends, BTC and various cryptocurrencies have seen significant growth from August 13th to November 11th, a period of 90 days. During this time, searches for "Bitcoin", "cryptocurrency", and "Ethereum" surged, reaching a peak of 100 in late October before declining.
The majority of searches for "crypto" came from Saint Helena Island and Nigeria, followed closely by the Netherlands. Trinidad and Tobago also had a high search volume, while Cyprus ranked fifth. (Bitcoin.com)
Bitcoin’s NFT sales surpassed Ethereum in the past 24 hours, ranking first
According to CryptoSlam data, the NFT sales of Bitcoin in the past 24 hours reached 12,267,832 US dollars, an increase of 54.12%, surpassing Ethereum (12,194,480 US dollars) to rank first.
The anetaBTC community has opened its fourth governance vote and plans to allocate approximately 350,000 ADA funds to cNETA/NETA stakers.
Ergo and Cardano launched the fourth governance vote with the wrapped Bitcoin community anetaBTC to decide whether to distribute 2 cBTC and 36,000 ERG (worth about 350,000 ADA) to cNETA/NETA stakers within the community fund within a year. Users can use cVOTE4/eVOTE4 tokens to vote. The vote will end in about 72 hours, with more favorable votes currently.
Ethereum transaction fees climbed 219% in the past three weeks
In the past three weeks, the transaction cost of Bitcoin has sharply increased, reaching a peak of $15 per transaction three days ago. Similarly, the transfer cost of Ethereum has also risen significantly. Between October 22 and November 12, 2023, the average cost of Ethereum transactions soared by 219%, from $2.08 per transaction to $6.64 per transaction.
On Sunday, November 12th, the estimated cost of transferring assets through bridging between different chains was $8.93 to $9.17. From October 22, 2023 to November 11, 2023, Ethereum processed approximately 1,071,448 transactions per day on average.
Etherscan data shows that the regular value of Ethereum Gas is currently 27 gwei, and the cost of a Swap transaction is about $19.74. (Bitcoin.com)
MicroStrategy’s Bitcoin holdings have gained more than $1.1 billion
According to Coindesk data on November 13th, MicroStrategy's Bitcoin holdings have gained over $1.1 billion (+25%), currently holding over 158,000 Bitcoins.
Security experts: A hacker claims to have stolen a large amount of customer information from bankrupt Bitcoin ATM operator Coin Cloud
An unidentified hacker group claimed to have stolen 70,000 customer selfies and sensitive personal information of 300,000 customers from Bitcoin ATM operator Coin Cloud. Coin Cloud operated more than 4,000 ATMs in the United States and Brazil before filing for bankruptcy in February this year. According to an article published by cybersecurity expert vx-underground on X, the hacker group also claimed to have stolen the source code of Coin Cloud's backend system.
The post showed edited images allegedly involving customer selfies and personal identity information accessed by the group, including customers' social security numbers, names, addresses, dates of birth, occupations, and phone numbers.
Vx-underground said the hackers shared these claims on private channels, and the leaked database could soon be released online. (The Block)
Previously, according to a document filed with the Nevada bankruptcy court on February 7, Coin Cloud had assets of $50 million to $100 million and liabilities of $100 million to $500 million. The company has 10,000 creditors, with Genesis Global Trading being the largest unsecured creditor with a loan balance of $100 million.
The number of Bitcoin Lightning Network nodes is 14,604
According to data from 1ML, the current number of lightning network nodes for Bitcoin is 14,604, a decrease of 1.95% in the past 30 days; the number of channels is 62,685, a decrease of 2.1% from a month ago; and the network capacity is 5,282.19 BTC, an increase of 1% per month.
81,954 addresses hold at least $1 million in Bitcoin
Bitcoin News stated on social media that currently, there are 81,954 addresses that hold at least $1 million worth of Bitcoin, which is almost triple the amount from January 2023 when there were only 28,084 Bitcoin addresses worth at least $1 million.
The number of unconfirmed transactions on the entire Bitcoin network is 205,040
According to BTC.com data, the current number of unconfirmed transactions on the Bitcoin network is 205,040, the network's computing power is 454.72EH/s, and the 24-hour transaction rate is 8.14 transactions/s. The current network difficulty is 64.68T, and it is predicted to increase by 0.09% to 64.74T in the next difficulty adjustment, which is 14 days and 1 hour away.
Bitcoin open interest reaches $16.671 billion
According to data from the Coinglass platform, the current open position of Bitcoin futures contracts has reached $16.671 billion. Among them, CME has the largest share, at $4.204 billion; Binance ranks second, at $3.937 billion; and Bybit ranks third, at $2.668 billion.
The number of Bitcoin millionaires exceeds 88,000, an increase of 215% from the beginning of the year
According to BitInfoCharts data, as of November 12th, the number of Bitcoin millionaires was 88,628, an increase of 215% compared to January 5th (28,084). Specifically, the number of addresses holding at least $1 million in Bitcoin was 81,962, while the number of addresses holding at least $10 million in Bitcoin was 6,666.
Paolo Ardoino: El Salvador will become the financial center of Central and South America
The third "Adopting Bitcoin" event was held in El Salvador. Paolo Ardoino, CEO of Tether, said in an interview that El Salvador will succeed from a macroeconomic perspective. Bond ratings continue to improve, and even some Bloomberg reporters have to admit that President Bukele's domestic and foreign policies are correct. The new digital asset law is putting El Salvador on the path to becoming a financial center in Central and South America. It provides certainty for people and guidance on how to do things correctly. No one wants the Wild West. El Salvador has made great efforts to prevent fraudsters from entering the country, which is one of the most beautiful stories the country can create. Strengthening digital asset laws is very important. We hope to make things clear and open, and make everyone follow the rules.
Miners such as Terawulf had a liquidation-to-production ratio of 105% in October
In the past three months, the amount of BTC sold by the top 13 cryptocurrency mining companies listed has exceeded their production for the first time. According to data from the Bitcoin mining research platform TheMinerMag, the liquidation-to-production ratio of mining companies such as Marathon Digital, Core Scientific, Argo Blockchain, Bitfarms, Bit Digital, Hut 8, Iris Energy, and Terawulf in October was 105%, which means they sold all mined coins and held assets.
It is worth noting that some mining companies sell all the BTC they mine every month, but companies such as Marathon, Hut 8, Cipher, CleanSpark, and Bit Digital use a mixed funding strategy, and their liquidation volume in October was higher than in previous months. Bit Digital and Hut 8 sold 422 and 365 BTC respectively, with the highest individual ratio and a liquidation volume exceeding 300% of the monthly production.
