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| April 21, 2019

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Trump on China trade spat: 'We're going to win either way'

April 15, 2019 |

Trump on China trade spat: 'We're going to win either way'President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China as a winner, no matter what happened. China responded with its own tit-for-tat tariffs on U.S. goods. Trump’s Treasury secretary, Steven Mnuchin, said earlier on Monday that trade negotiators are making a lot of progress.



Yahoo News – Latest News & Headlines

Crypto Markets and CME Futures Post Record Trade Volume

April 9, 2019 |

Volume has been ramping up across the cryptocurrency markets, with April seeing a new all-time high posted for daily global cryptocurrency volume. The month has also seen Chicago Mercantile Exchange (CME) report record trade volume for its BTC futures contracts, in addition to Cumberland’s trade desk reporting an influx of 1,000 BTC buy orders, signaling strength across numerous facets of the virtual currency ecosystem.

Also Read: How 5 Asian Countries Regulate Cryptocurrency

New All-Time High Posted for Global Cryptocurrency Trade

According to Coinmarketcap, new records for daily global cryptocurrency trade were posted on April 4 and 5 consecutively, with $ 77.07 billion and $ 79.99 billion worth of crypto changing hands on each day. The new records beat out the former all-time high of nearly $ 70 billion that was posted on Jan 5, 2018, by more than 10%.

Crypto Markets and CME Futures Post Record Trade Volume

The rally appears to have been driven by a significant spike in USDT trade, with USDT volume beating BTC on both April 3 and April 4. Currently, April 4 comprises the strongest day on record for both USDT and BTC, with $ 25.3 billion worth of tether and $ 21.7 billion worth of bitcoin core changing hands.

As of this writing, BTC and USDT volume is nearly identical, with almost $ 15.81 billion worth of BTC and $ 15.74 billion worth of USDT having been traded over the past 24 hours.

CME Reports Record Volume

April 4th also saw CME report record volume for its BTC futures contracts with more than 22,500 contracts or the equivalent of 112,700 BTC traded, beating out the previous record of 18,300 contracts that was set as of February 19.

Crypto Markets and CME Futures Post Record Trade Volume

On April 1, Cumberland reported that a large influx of 1,000 BTC buy orders had been executed within the span of a single hour on its trading desk, further evidencing a dramatic spike in demand across the cryptocurrency markets.

Speaking to CNBC, the chief executive officer of Binance, CZ, reported that the platform has seen a record number of orders executed in recent days, stating: “The number of transactions … is at an all-time high, we are actually seeing more orders than January 2018.”

News.Bitcoin.com also reached out to an over-the-counter (OTC) BTC broker, who noted that “demand is picking up” in the OTC markets.

Do you think that the increase in trade volume is an indication of a shift in the cryptocurrency meta-trend? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Coinmarketcap


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Crypto Markets and CME Futures Post Record Trade Volume appeared first on Bitcoin News.

Bitcoin News

No summit with China’s Xi until trade deal is reached, Trump says

April 5, 2019 |

Despite hopes that a U.S.-China trade deal is at hand, President Trump said Thursday that some key issues have yet to be resolved and that they are not close enough for him to announce a summit with Chinese President Xi Jinping.

Trump said that he should know “over the next four weeks” whether…


L.A. Times – Business

Profitable Coal Trade Beckons Buyers Brave Enough to Test China

April 4, 2019 |

Profitable Coal Trade Beckons Buyers Brave Enough to Test ChinaNewcastle thermal coal prices have lost almost $ 20 a ton, or almost 19 percent, since early March, making supplies from Australia cheaper than Chinese domestic grades for the first time since April 2018, but there’s a catch. Coal from the world’s second-biggest exporter has been subject to delays since January and cargoes are sitting at China’s ports for extended periods as officials slow customs clearance. While demand in Asia typically weakens after the winter heating season, Chinese delays have had an impact on Australian prices, according to Clarksons Platou Securities Inc. Newcastle coal is now trading at the lowest since 2017 after custom clearance has been extended to more than 40 days, with the slowdown forecast to last till May at least.



Yahoo News – Latest News & Headlines

Tesla sues autonomous car rival Zoox, claiming ex-workers stole trade secrets

March 21, 2019 |

Tesla Inc. sued Zoox Inc., a Silicon Valley start-up that is a rival in the race for fully autonomous cars, and four former employees, accusing them of stealing confidential information.

Tesla claims the former employees worked in management at Tesla’s regional parts distribution centers in Newark…


L.A. Times – Business

Trading Platform Voltaire Rewards Users With BCH for Every Trade

March 8, 2019 |

Trading Platform Voltaire Rewards Users BCH for Every Trade Executed

On March 8, London-based exchange Voltaire announced a new incentive for registered traders that provides the ability to earn BCH during each trade executed on the platform. According to Voltaire, which bases all of its exchange paired denominations in BCH, users will earn 0.2 percent of each trade and will be paid in bitcoin cash.

Also Read: Voltaire.cash Exchange Launches – Supporting BCH as the Base Exchange Pair

Voltaire Now Offers a Cashback Incentive on Every Trade

BCH-fueled exchange Voltaire has announced a new reward for traders. Voltaire is a cryptocurrency trading platform that bases all market denominations in BCH which launched in September of 2018. At the moment the exchange provides two markets – BTC/BCH and BSV/BCH – but in the near future the platform is implementing ETH/BCH and LTC/BCH. Now Voltaire has added a program called Cashback that will provide users with 0.2 percent on every executed trade. BCH rewards accumulated will be sent to the user’s exchange wallet. The Cashback promotion is enabled by default on all pairs offered by Voltaire.

Trading Platform Voltaire Rewards Users With BCH for Every Trade
Voltaire.cash exchange supports BCH as the base exchange pair.

“0.2% of the value of each maker order made on Voltaire is credited directly to the user’s wallet in the disposed of currency,” ran the company’s announcement. “In practice, this means that if a user is to submit an order to buy BTC, they’ll get 0.2% of the value of their order back in bitcoin cash — The total earnings of any user can be accessed from the wallet section of the profile.”

The exchange also detailed that Voltaire is continuing to expand its team and has other ambitious projects planned. According to Voltaire, the startup is expecting an investment in Q2 that will help bolster the platform’s goals. “Several institutional and strategic investors have expressed interest in funding Voltaire’s growth,” the exchange remarked. Voltaire has already received early funding from the incubator Think, Try it, Do, which is sponsored by the University of Exeter.

Trading Platform Voltaire Rewards Users With BCH for Every Trade
Voltaire’s trading engine shows cashback rewards on the bottom left of the screen.

Voltaire CEO: ‘BCH Offers a Stronger Solution to Scaling’

21-year-old Semyon Germanovich is a huge fan of the BCH ecosystem and believes the Cashback program is a great incentive during the crypto winter. “During a bear market, the best thing one can do is to get their head down and build utility, drive adoption and create value,” Voltaire’s founder Germanovich opined. “The release of Voltaire Cashback is an exciting and innovative event in the Bitcoin Cash ecosystem — Bitcoin Cash offers the technically stronger solution to scaling.”

Germanovich added:

High transaction fees and extremely slow processing times as observed in 2017 are unacceptable and have a catastrophic impact on payment and trading experience — We chose Bitcoin Cash because we believe it’s the most efficient and fastest technology to use for payments and trading.

There aren’t many exchanges that offer pure BCH markets like Voltaire, so BCH enthusiasts have been visiting the platform since launch. Currently, the trading platforms Panda Exchange and Coinex offer a section of BCH markets as well but they also offer segmented BTC and ETH markets too. With 0.2 percent BCH rewards for each maker order made on Voltaire, the incentive may entice more traders to visit the exchange. “As part of Voltaire’s core value of transparency, a calculator has been built to allow users to calculate potential bitcoin cash earnings for trading on Voltaire,” the exchange concluded.

What do you think about Voltaire’s BCH-powered Cashback incentive program for trades? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Voltaire, and Pixabay.


Need to calculate your bitcoin holdings? Check our tools section.

The post Trading Platform Voltaire Rewards Users With BCH for Every Trade appeared first on Bitcoin News.

Bitcoin News

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

March 8, 2019 |

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $ 51.51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by Localbitcoins’ second-largest market, Venezuela.

Also Read: Turkish Real Estate Agency Sells 9 Houses for BTC

Russia, Venezuela and United States Comprise Largest Markets on Localbitcoins

Approximately 3,593 BTC were traded for Russian rubles (RUB) on Localbitcoins this past week, making it the largest P2P market by trade volume. Russian Localbitcoins trade activity during the week of March 2 equated to 918 million RUB (approximately $ 13.81 million).

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

Venezuela comprised the second largest national market on Localbitcoins during the week of March 2, producing 1,953 BTC worth of trade – the fifth strongest week on record when measured in cryptocurrency. When measured against fiat currency, Venezuelan trade produced 25.43 billion Venezuelan bolivars (approximately $ 7.72 million), comprising the strongest week on record.

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

In America, 1,807 BTC were exchanged for USD this past week, equating to $ 9.67 million worth of trade. As such, the U.S. comprised the third strongest P2P market of the past week, posting the strongest seven days of trade when measured in fiat currency in over one year.

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

Nigerian Localbitcoins Trade Exceeds 900 BTC

Roughly 903 BTC were traded for Nigerian naira (NGN) this past week, ranking Nigeria as the fourth largest market on Localbitcoins. When measured against fiat currency, 1.21 billion NGN worth of trade took place (nearly $ 3.32 million).

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

China comprised the fifth largest P2P market this past week, with 839 BTC trading for Chinese yuan (CNY), equating to 21.8 million CNY (more than $ 3.24 million). Chinese P2P trade just beat European Localbitcoins, with 830 BTC having been traded for euros (EUR) during the week of March 2.

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

When measured against fiat currency, 2.83 million EUR (roughly $ 3.17 million) was swapped.

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

Trade between the British pound (GBP) and BTC comprised the seventh largest market on Localbitcoins this past week, with 806 BTC or 2.37 million GBP ($ 3.1 billion) worth of trade.

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

Croatia and Hungary Post 1 BTC Worth of P2P Trade Each

Colombia comprised the eighth largest Localbitcoins market with 725 BTC worth of trade this past week, the third strongest week on record. When converted to fiat currency, the Colombian P2P market saw 7.9 billion Colombian pesos ($ 2.52 million) worth of BTC traded during the week of March 2.

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

Approximately 317 BTC were traded for Indian rupees (INR) this past week, ranking it as the ninth largest market on Localbitcoins. When measured against fiat currency, the week of March 2 saw 88.62 million INR (roughly $ 1.26 million) traded for BTC.

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

South Africa comprised the 10th largest P2P market, with 288 BTC or 15.76 million ZAR (approximately $ 1.08 million) worth of trade.

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

Croatia and Hungary tied to comprise the weakest performing Localbitcoins markets this past week, both producing roughly 1 BTC in trade activity apiece.

Do you expect Russia to continue to host the largest Localbitcoins market in the coming months? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Coin.dance


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela appeared first on Bitcoin News.

Bitcoin News

Trump’s Effort to Narrow the Trade Gap Has Flopped So Far

March 7, 2019 |

On Wednesday, the Census Bureau will likely report the U.S. last year registered the largest trade deficit in its history. How that happened is a lesson in the economics of imbalances.
WSJ.com: US Business

U.S. Push on Food Trade Pressures EU

March 7, 2019 |

U.S. and European trade negotiators, under growing domestic pressure over agriculture, are set to meet again this week as clashing demands threaten to rekindle a tit-for-tat economic war.
WSJ.com: US Business

Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

March 6, 2019 |

Stablecoins See Few On-Chain Transactions Despite Recent Surge in Exchange Volume

Despite many stablecoins ranking among the top 20 most traded crypto assets by monthly volume, a recent report has shown that there are few onchain transactions conducted using these fiat-pegged tokens.

Also Read: Swiss Stock Exchange Launches Trading for ETH ETP

DAI Sees Significant Onchain Usage

Of the established stablecoins, DAI has recorded the largest number of on-chain transactions, despite comprising one of the smallest stablecoins by market capitalization, with $ 78.27 million. Over the five-day period sampled by Tradeblock, 10,079 onchain DAI transactions were conducted.

Tradeblock attributes DAI’s relatively large onchain volume to its widespread adoption among decentralized exchanges (DEXs). The report estimates that 350 transactions take place onchain daily, adding that “the Makerdao team behind the DAI token estimates that 50% of the total daily DAI value transferred is occurring on DEXs.”

Offchain Transactions Minimal for USDC, PAX and GUSD

By contrast, despite USDC’s $ 257.58 million market cap, only 5,041 onchain transactions occurred during the same five-day period. Similarly, only 2,200 transactions were recorded using PAX, in spite of the crypto asset’s nearly $ 116.35 million capitalization.

Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

GUSD also saw a modest number of onchain transactions during the sample period, despite an $ 81.95 million market cap. Just 1,170 transfers were transferred using the GUSD blockchain.

Stablecoins Saw Significant Decline in Trade Volume Across US Exchanges in 2018

Tradeblock identifies a dramatic decline in year-over-year notional trade volume of BTC pairings with USDC, TUSD, USDT, and PAX across United States-based cryptocurrency exchanges.

While January saw notional year-over-year volume fluctuate between $ 150 and $ 250 million, the combined trade activity of stablecoins on U.S. exchanges has been less than $ 50 million since May 2018, with XBT/USD volume falling by 85 percent from January 2018’s within 10 months.

Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

Despite the enormous decline in volume during 2018, recent market action has driven a significant gain in notional year-over-year trade volume since bottoming out below $ 5 million at the end of Oct. 2018, with the combined trade activity for stablecoins on U.S. exchanges gaining more than 600 percent between Nov. 12 and Nov. 26 of last year.

However, stablecoin trade has since receded, with combined notional year-over-year volume again approaching $ 5 million towards the end of January 2019.

Do you think that the popularity of stablecoins will diminish or grow with time? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume appeared first on Bitcoin News.

Bitcoin News