Bitcoin Mining Firm Bitmain Files For US IPO

November 4, 2019  /  by Crypto.IQ
China-based Bitcoin mining firm Bitmain Technologies has filed an initial public offering application with the US Securities Exchange Commission. Deutsche Bank sponsored the IPO that the crypto mining giant filed early this week. According to reports, Jihan Wu, a co-founder, and Bitmain’s CFO Liu Luyao, dominated the IPO plans. To boost the chances of having… Read more

Bakkt BTC Trading Volume Surges Almost 260%

October 29, 2019  /  by Crypto.IQ
ICE-backed futures exchange Bakkt announced that it hit a new daily record after trading 1,183 contracts.  The number of Bitcoin futures contracts traded on Friday was significantly higher relative to only 331 contracts traded on Thursday. This is a 257% increase within 24-hours, exceeding previous gains that resulted in all-time highs at the beginning of… Read more

Crypto.IQ CME Expiration Analysis Accurately Calls This Weekend’s Rally, the Fundamentals of How CME Bitcoin Futures Expirations Impact the Market

October 28, 2019  /  by Zachary Mashiach
On October 24 Crypto.IQ performed an analysis of each Chicago Mercantile Exchange (CME) Bitcoin Futures expiration so far in 2019, ultimately coming to the conclusion that “In most of 2019 there has been a strong downtrend in price right before the expiration, followed by a strong uptrend in the days after the expiration, although not… Read more

The May 2020 Bitcoin (BTC) Halving Will Be The Most Dramatic Halving Yet, With $6.75 Million Of Selling Pressure Taken Off The Market Per Day Versus Only $1.17 Million Following The 2016 Halving

October 26, 2019  /  by Crypto.IQ
The Bitcoin (BTC) block halving is coming in May 2020, specifically on May 13 according to one estimate. At that time the block reward for miners will drop from 12.5 Bitcoins (BTC) to 6.25 Bitcoins (BTC), which will put the squeeze on miners by decreasing mining profitability, while simultaneously reducing selling pressure on the market… Read more

CME Bitcoin Futures Expirations Have Had a Major Impact on the Market So Far in 2019: Deep Dive Chart Showing Each Expiration

October 25, 2019  /  by Zachary Mashiach
In December 2018 a Crypto.IQ article detailed the impact of Chicago Mercantile Exchange (CME) Bitcoin Futures expirations on the market by analyzing each expiration. At the time it was found that expirations had a significant impact on the market, with downtrends/uptrends in the market often beginning after one expiration and ending at the next expiration.… Read more

Former Executive at World Gold Council Is Developing a New Bitcoin ETF

October 25, 2019  /  by Crypto.IQ
The former managing director at the World Gold Council and the SPDR Gold Shares’ portfolio manager is developing a new Bitcoin exchange-traded fund with Kryptoin Investment Advisors. The firm based in the Cayman Islands has already filed the initial registration statement with the US SEC. This new fund is being developed for a couple of… Read more

18 Million Bitcoins Mined And Just 3 Million To Go

October 21, 2019  /  by Ronald Tichenor
Bitcoin miners have now produced the 18 millionth Bitcoin. It’s another milestone that puts its history in some perspective and gives us an idea of its future performance. One of the most outstanding aspects of Bitcoin is its scarcity. As time progresses, more people around the globe continue to learn and appreciate the finite supply… Read more

Cryptoindex.com’s CIX100 gets listed on NASDAQ

October 18, 2019  /  by Crypto.IQ
Crypto indices take another step into the mainstream as the world’s second-biggest stock exchange, NASDAQ, listed Cryptoindex’s AI-powered CIX100 on its platform. A benchmark for the cryptocurrency market, CIX100 analyses crypto data and filters it using more than 200 factors. It is reportedly designed to leave out coins with fake rankings and volumes, ensuring investors… Read more

Litecoin Celebrates Eighth Birthday With Total Transactions Reaching $500 Billion Mark

October 16, 2019  /  by Crypto.IQ
Litecoin celebrated its eighth birthday this month, with total transactions through the network reaching $500 billion. According to a post from the Litecoin Foundation, it was in October 2011 when the first block was mined on the Litecoin network with the message: “@NY Times 05/Oct/2011 Steve Jobs, Apple’s Visionary, Dies at 56” Subsequently, another couple… Read more

SEC Rejects Bitcoin ETF Proposal, But CNBC’s Brian Kelly Feels That Crypto Markets Do Not Need One

October 12, 2019  /  by Ronald Tichenor
The United States Securities and Exchange Commission has once again refused a proposal of creating an ETF backed by Bitcoin. The NYSE Arca and Bitwise Asset Management’s proposal could not satisfy the concerns of the SEC. The SEC has concerns regarding digital currencies and systemic market exaggerations. SEC rejects ETF proposal because of market manipulation… Read more