The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Last week, I put the massive buying pressure coming to bitcoin in context, but there is another — perhaps the largest — … [Read more...] about China Emerging As Surprising Source Of Bitcoin Demand
Demand
Anchor protocol’s reserves head toward depletion due to lack of borrowing demand
Anchor, the flagship savings protocol of the Terra Luna (LUNA) ecosystem, has seen its reserves decline by 35.7% in the past seven days according to Terra.Engineer. Since the beginning of December, the amount of Terra USD Stablecoin (UST) held in the "terra1tmnqgvg567ypvsvk6rwsga3srp7e3lg6u0elp8" smart contract has declined by over 50%, with only $35.7 million remaining.As a … [Read more...] about Anchor protocol’s reserves head toward depletion due to lack of borrowing demand
Ether Call Demand Signals Anticipation of Year-End Rally
Institution-focused over-the-counter desk Paradigm saw 18,500 contracts of the $4,400 call option and 14,000 contracts of the $4,200 call option change hands during Asian hours. These trades due for expiry on Dec. 31 were executed on Paradigm and booked on Deribit, the leading exchange for cryptocurrency options by volume and open interest. Source link … [Read more...] about Ether Call Demand Signals Anticipation of Year-End Rally
SK Square to Demand Metaverse Presence for Portfolio Companies: Report
SK Telecom is owned by SK Group, one of South Korea’s largest companies. The metaverse requirement stands in contrast to the traditional investments made by the country’s conglomerates, which tend to be focus on industries such as pharmaceuticals, logistics and manufacturing rather than the intangible, digital world. Source link … [Read more...] about SK Square to Demand Metaverse Presence for Portfolio Companies: Report
Visa Launches Crypto Advisory Services for Banks as Demand for Digital Assets Grows
In a recent study conducted by Visa, 18% of global participants revealed they would be likely or very likely to switch primary banks to one offering crypto-related products over the next year. In emerging markets, that figure rose to 24%. And for consumers who already own cryptocurrency, Visa’s study found that almost 40% of participants expressed a willingness to switch their … [Read more...] about Visa Launches Crypto Advisory Services for Banks as Demand for Digital Assets Grows