May 15, 2020

Crypto.com said Friday it has begun shipping its crypto-to-fiat card, the MCO Visa, across the European Union.

In total, 31 European countries, including the EU’s 27 member states, now have access to the card that lets users pay in crypto, it said in a blog post. The Hong Kong company received approval to bring the program to the European market in October.

Coinbase's own, similar card is available to 29 European nations, according to its FAQs.

MCO Visa was previously only available in the U.S. and Asia. Crypto.com also announced Thursday its U.S. cardholders could begin integrating with Apple and Google Pay.

The card works by exchanging users’ crypto for local fiat when the user loads crypto onto the card.

Crypto.com claimed in a blog post it already had “thousands of reservations” from EU consumers lined up for the MC Visa card and further claimed its user base was over two million.

See also: Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

CEO Kris Marszalek said in the blog post the expansion to a potential market of half a billion people continues Crypto.com's plot for world domination.

"As our fiat support matures, our cards will be even better positioned to take over the world,” he said.

Exactly how many people have actually joined the revolution is unclear. A company spokesperson declined to share MCO Visa Card sign-up numbers with CoinDesk.

The launch comes days after Crypto.com announced that it had secured $360 million in total crypto insurance policies for its bitcoin vaults.

It also immediately follows news that Visa, the payments giant licensing Crypto.com’s card, may be designing a cryptocurrency-backed system of its own. A patent awarded to Visa Thursday envisions a system in which central banks convert physical fiat into their digital equivalent.

https://www.coindesk.com/crypto-mco-visa-card-european-union

May 15, 2020

Crypto.com said Friday it has begun shipping its crypto-to-fiat card, the MCO Visa, across the European Union.

In total, 31 European countries, including the EU’s 27 member states, now have access to the card that lets users pay in crypto, it said in a blog post. The Hong Kong company received approval to bring the program to the European market in October.

Coinbase's own, similar card is available to 29 European nations, according to its FAQs.

MCO Visa was previously only available in the U.S. and Asia. Crypto.com also announced Thursday its U.S. cardholders could begin integrating with Apple and Google Pay.

The card works by exchanging users’ crypto for local fiat when the user loads crypto onto the card.

Crypto.com claimed in a blog post it already had “thousands of reservations” from EU consumers lined up for the MC Visa card and further claimed its user base was over two million.

See also: Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

CEO Kris Marszalek said in the blog post the expansion to a potential market of half a billion people continues Crypto.com's plot for world domination.

"As our fiat support matures, our cards will be even better positioned to take over the world,” he said.

Exactly how many people have actually joined the revolution is unclear. A company spokesperson declined to share MCO Visa Card sign-up numbers with CoinDesk.

The launch comes days after Crypto.com announced that it had secured $360 million in total crypto insurance policies for its bitcoin vaults.

It also immediately follows news that Visa, the payments giant licensing Crypto.com’s card, may be designing a cryptocurrency-backed system of its own. A patent awarded to Visa Thursday envisions a system in which central banks convert physical fiat into their digital equivalent.

https://www.coindesk.com/crypto-mco-visa-card-european-union

Cointelegraph Research: Demand for Bitcoin Grows After Halving
Upticks in Bitcoin ATMs, transaction volume and women in crypto all point positive for Bitcoin.

May 15, 2020

Cointelegraph Research: Demand for Bitcoin Grows After Halving

Data published today from Cointelegraph Markets and Arcane Research found that despite investor concerns over the block reward halving disincentivizing miners and possibly compromising the security of the network, demand for Bitcoin (BTC) continues to rise globally.

Proof of increasing adoption is supported by the total number of functioning Bitcoin ATMs rising to 8,000, a more than 90% increase since 2019. Bitcoin ATM operator Coinstar also reported a 40% increase in Bitcoin ATM use since February of this year.

Bitcoin gains and daily transaction volume eclipses altcoins
When compared against altcoins, Bitcoin also continues to lead in market capitalization and United States dollar transaction volume with a more than $10 billion daily transaction volume. This figure eclipses Ether (ETH) and Litecoin (LTC) which are both seeing daily transaction volumes below $500 million.

Currently for the month of May, Bitcoin's price is up nearly 10%, whereas altcoins such as Ether, XRP and Monero (XMR) are hardly breaking even.

Arcane Research also found that after the halving on May 11, miners are gradually shifting back to the Bitcoin Cash (BCH) and Bitcoin SV (BSV) network, but both networks have seen drastic drops in their share of total SHA-256 hash rate.

Bitcoin Cash dropped from 3.4% to 2.07%, a startling 40% reduction. Meanwhile, Bitcoin SV fell from 2.39% to 1.55%, a sharp 35% decline.

Retail and institutional investors remain bullish on Bitcoin’s future value

Bitcoin’s most recent price has occurred on strong volume, a bullish sign as signals investors sentiment is high among retail and institutional investors.

In addition to breaking above $10,000 on May 14, this week Cointelegraph reported that the total open interest on CME Bitcoin futures has risen by 1,000% since the start of the month. This is a healthy sign and noticeably different from the low volume recovery from the March 13 crash to $3,750.

Arcane Research also found that significant growth in the peer-to-peer lending markets and an increasing percentage of women represented in crypto sector jobs further indicates that the Bitcoin network and ecosystem continue to make positive strides forward.

https://cointelegraph.com/news/cointelegraph-research-demand-for-bitcoin-grows-after-halving

High Interest in Crypto Derivatives is Bullish for DGTX coin

Posted on May 12, 2020 | by Ali Martinez

The crypto derivatives market has grown in popularity over the years. As institutional investors flock to the industry, there has been an increasing demand for crypto futures, options, and swaps offerings. Indeed, new volume records are being set constantly due to the interest for such financial products.

Data from Skew reveals that despite the high levels of volatility seen recently as speculation mounted regarding Bitcoin’s halving, the aggregate BTC futures volume today accounts for more than $35 billion.

Huobi is currently leading the charts with a trading volume of $8.2 billion in the past 24 hours. The Singapore-based cryptocurrency exchange is followed by OKEx and Binance, which reported volumes of $7.2 billion and $6.7 billion, respectively.

Once known as the king of the crypto derivatives market, BitMEX has fallen down to the number four spot with BTC futures volumes of $5 billion. This cryptocurrency platform may have put a permanent stain on its reputation after the massive collapse of its liquidation engine during Black Thursday in March.

High Interest in Crypto Derivatives is Bullish for DGTX 1

Regardless, the popularity of all of these industry leaders may enter a downward trajectory as Digitex Futures is set to disrupt the entire crypto derivatives sector.

A New Player on the Block

The new trading platform led by Adam Todd will introduce a zero-fee trading structure into the crypto derivatives market. The commission-free exchange will enable traders and market participants alike to speculate on the future price of a given asset without taking a percentage of their profits.

When taking into consideration the current industry leaders — Huobi, OKEx, Binance, and BitMEX — they all charge considerable trading fees. Although their fee structure may seem meaningless, it makes trading strategies like scalping impossible since profits are slowly eaten up by commission fees.

The world’s largest cryptocurrency exchange by trading volume, Binance, for instance, charges a maker fee of 0.02% and a taker fee of 0.04% on its crypto derivatives trading platform, Binance Futures. While this may not look like much at a first glance, when trades are being made using 100x leverage, that quickly becomes 2% to enter and 4% to exit a position.

These fees are even more significant in Huobi, OKEx, and BitMEX, which are charging 0.2%, 0.1%, and 0.075%, respectively. When added up, these commissions have the ability to wipe out a trader’s small profits.

Unlike any of these cryptocurrency exchanges, Digitex Futures will allow anyone to place as many long or short positions as they wish over and over again without incurring a single fee. This is a clear advantage for traders who want to capitalize even on the smallest market fluctuations. And, it will certainly open the gates to a new wave of demand for the DGTX token, which makes all of the above possible.

Demand for DGTX coin Is Expected to Rise

Having the possibility to profit in every single movement of the market will even get the average Joe interested in trading. As users of Digitex Futures will rely on DGTX to have access to the platform, the demand for this utility token will likely shoot up.

Such a bullish outlook coincides with what can be seen from a technical perspective.

The Tom Demark (TD) Sequential indicator is currently presenting a buy signal on DGTX’s 1-day chart. The bullish formation developed in the form of a red nine candlestick. Due to the recent price action, however, it transitioned into a green one candle.

The aforementioned technical index estimates that a further increase in the buying pressure behind DGTX will validate the optimistic outlook. If so, this altcoin could be poised to surge for one to four daily candlesticks or begin a new upward countdown.

https://digitexfutures.com/blog/high-interest-among-investors-for-crypto-derivatives-products/

High Interest in Crypto Derivatives is Bullish for DGTX

Posted on May 12, 2020 | by Ali Martinez

The crypto derivatives market has grown in popularity over the years. As institutional investors flock to the industry, there has been an increasing demand for crypto futures, options, and swaps offerings. Indeed, new volume records are being set constantly due to the interest for such financial products.

Data from Skew reveals that despite the high levels of volatility seen recently as speculation mounted regarding Bitcoin’s halving, the aggregate BTC futures volume today accounts for more than $35 billion.

Huobi is currently leading the charts with a trading volume of $8.2 billion in the past 24 hours. The Singapore-based cryptocurrency exchange is followed by OKEx and Binance, which reported volumes of $7.2 billion and $6.7 billion, respectively.

Once known as the king of the crypto derivatives market, BitMEX has fallen down to the number four spot with BTC futures volumes of $5 billion. This cryptocurrency platform may have put a permanent stain on its reputation after the massive collapse of its liquidation engine during Black Thursday in March.

High Interest in Crypto Derivatives is Bullish for DGTX 1

Regardless, the popularity of all of these industry leaders may enter a downward trajectory as Digitex Futures is set to disrupt the entire crypto derivatives sector.

A New Player on the Block

The new trading platform led by Adam Todd will introduce a zero-fee trading structure into the crypto derivatives market. The commission-free exchange will enable traders and market participants alike to speculate on the future price of a given asset without taking a percentage of their profits.

When taking into consideration the current industry leaders — Huobi, OKEx, Binance, and BitMEX — they all charge considerable trading fees. Although their fee structure may seem meaningless, it makes trading strategies like scalping impossible since profits are slowly eaten up by commission fees.

The world’s largest cryptocurrency exchange by trading volume, Binance, for instance, charges a maker fee of 0.02% and a taker fee of 0.04% on its crypto derivatives trading platform, Binance Futures. While this may not look like much at a first glance, when trades are being made using 100x leverage, that quickly becomes 2% to enter and 4% to exit a position.

These fees are even more significant in Huobi, OKEx, and BitMEX, which are charging 0.2%, 0.1%, and 0.075%, respectively. When added up, these commissions have the ability to wipe out a trader’s small profits.

Unlike any of these cryptocurrency exchanges, Digitex Futures will allow anyone to place as many long or short positions as they wish over and over again without incurring a single fee. This is a clear advantage for traders who want to capitalize even on the smallest market fluctuations. And, it will certainly open the gates to a new wave of demand for the DGTX token, which makes all of the above possible.

Demand for DGTX coin Is Expected to Rise

Having the possibility to profit in every single movement of the market will even get the average Joe interested in trading. As users of Digitex Futures will rely on DGTX to have access to the platform, the demand for this utility token will likely shoot up.

Such a bullish outlook coincides with what can be seen from a technical perspective.

The Tom Demark (TD) Sequential indicator is currently presenting a buy signal on DGTX’s 1-day chart. The bullish formation developed in the form of a red nine candlestick. Due to the recent price action, however, it transitioned into a green one candle.

The aforementioned technical index estimates that a further increase in the buying pressure behind DGTX will validate the optimistic outlook. If so, this altcoin could be poised to surge for one to four daily candlesticks or begin a new upward countdown.

https://digitexfutures.com/blog/high-interest-among-investors-for-crypto-derivatives-products/

High Interest in Crypto Derivatives is Bullish for DGTX

Posted on May 12, 2020 | by Ali Martinez

The crypto derivatives market has grown in popularity over the years. As institutional investors flock to the industry, there has been an increasing demand for crypto futures, options, and swaps offerings. Indeed, new volume records are being set constantly due to the interest for such financial products.

Data from Skew reveals that despite the high levels of volatility seen recently as speculation mounted regarding Bitcoin’s halving, the aggregate BTC futures volume today accounts for more than $35 billion.

Huobi is currently leading the charts with a trading volume of $8.2 billion in the past 24 hours. The Singapore-based cryptocurrency exchange is followed by OKEx and Binance, which reported volumes of $7.2 billion and $6.7 billion, respectively.

Once known as the king of the crypto derivatives market, BitMEX has fallen down to the number four spot with BTC futures volumes of $5 billion. This cryptocurrency platform may have put a permanent stain on its reputation after the massive collapse of its liquidation engine during Black Thursday in March.

High Interest in Crypto Derivatives is Bullish for DGTX 1

Regardless, the popularity of all of these industry leaders may enter a downward trajectory as Digitex Futures is set to disrupt the entire crypto derivatives sector.

A New Player on the Block

The new trading platform led by Adam Todd will introduce a zero-fee trading structure into the crypto derivatives market. The commission-free exchange will enable traders and market participants alike to speculate on the future price of a given asset without taking a percentage of their profits.

When taking into consideration the current industry leaders — Huobi, OKEx, Binance, and BitMEX — they all charge considerable trading fees. Although their fee structure may seem meaningless, it makes trading strategies like scalping impossible since profits are slowly eaten up by commission fees.

The world’s largest cryptocurrency exchange by trading volume, Binance, for instance, charges a maker fee of 0.02% and a taker fee of 0.04% on its crypto derivatives trading platform, Binance Futures. While this may not look like much at a first glance, when trades are being made using 100x leverage, that quickly becomes 2% to enter and 4% to exit a position.

These fees are even more significant in Huobi, OKEx, and BitMEX, which are charging 0.2%, 0.1%, and 0.075%, respectively. When added up, these commissions have the ability to wipe out a trader’s small profits.

Unlike any of these cryptocurrency exchanges, Digitex Futures will allow anyone to place as many long or short positions as they wish over and over again without incurring a single fee. This is a clear advantage for traders who want to capitalize even on the smallest market fluctuations. And, it will certainly open the gates to a new wave of demand for the DGTX token, which makes all of the above possible.

Demand for DGTX coin Is Expected to Rise

Having the possibility to profit in every single movement of the market will even get the average Joe interested in trading. As users of Digitex Futures will rely on DGTX to have access to the platform, the demand for this utility token will likely shoot up.

Such a bullish outlook coincides with what can be seen from a technical perspective.

The Tom Demark (TD) Sequential indicator is currently presenting a buy signal on DGTX’s 1-day chart. The bullish formation developed in the form of a red nine candlestick. Due to the recent price action, however, it transitioned into a green one candle.

The aforementioned technical index estimates that a further increase in the buying pressure behind DGTX will validate the optimistic outlook. If so, this altcoin could be poised to surge for one to four daily candlesticks or begin a new upward countdown.

https://digitexfutures.com/blog/high-interest-among-investors-for-crypto-derivatives-products/

High Interest in Crypto Derivatives is Bullish for DGTX

Posted on May 12, 2020 | by Ali Martinez

The crypto derivatives market has grown in popularity over the years. As institutional investors flock to the industry, there has been an increasing demand for crypto futures, options, and swaps offerings. Indeed, new volume records are being set constantly due to the interest for such financial products.

Data from Skew reveals that despite the high levels of volatility seen recently as speculation mounted regarding Bitcoin’s halving, the aggregate BTC futures volume today accounts for more than $35 billion.

Huobi is currently leading the charts with a trading volume of $8.2 billion in the past 24 hours. The Singapore-based cryptocurrency exchange is followed by OKEx and Binance, which reported volumes of $7.2 billion and $6.7 billion, respectively.

Once known as the king of the crypto derivatives market, BitMEX has fallen down to the number four spot with BTC futures volumes of $5 billion. This cryptocurrency platform may have put a permanent stain on its reputation after the massive collapse of its liquidation engine during Black Thursday in March.

High Interest in Crypto Derivatives is Bullish for DGTX 1

Regardless, the popularity of all of these industry leaders may enter a downward trajectory as Digitex Futures is set to disrupt the entire crypto derivatives sector.

A New Player on the Block

The new trading platform led by Adam Todd will introduce a zero-fee trading structure into the crypto derivatives market. The commission-free exchange will enable traders and market participants alike to speculate on the future price of a given asset without taking a percentage of their profits.

When taking into consideration the current industry leaders — Huobi, OKEx, Binance, and BitMEX — they all charge considerable trading fees. Although their fee structure may seem meaningless, it makes trading strategies like scalping impossible since profits are slowly eaten up by commission fees.

The world’s largest cryptocurrency exchange by trading volume, Binance, for instance, charges a maker fee of 0.02% and a taker fee of 0.04% on its crypto derivatives trading platform, Binance Futures. While this may not look like much at a first glance, when trades are being made using 100x leverage, that quickly becomes 2% to enter and 4% to exit a position.

These fees are even more significant in Huobi, OKEx, and BitMEX, which are charging 0.2%, 0.1%, and 0.075%, respectively. When added up, these commissions have the ability to wipe out a trader’s small profits.

Unlike any of these cryptocurrency exchanges, Digitex Futures will allow anyone to place as many long or short positions as they wish over and over again without incurring a single fee. This is a clear advantage for traders who want to capitalize even on the smallest market fluctuations. And, it will certainly open the gates to a new wave of demand for the DGTX token, which makes all of the above possible.

Demand for DGTX coin Is Expected to Rise

Having the possibility to profit in every single movement of the market will even get the average Joe interested in trading. As users of Digitex Futures will rely on DGTX to have access to the platform, the demand for this utility token will likely shoot up.

Such a bullish outlook coincides with what can be seen from a technical perspective.

The Tom Demark (TD) Sequential indicator is currently presenting a buy signal on DGTX’s 1-day chart. The bullish formation developed in the form of a red nine candlestick. Due to the recent price action, however, it transitioned into a green one candle.

The aforementioned technical index estimates that a further increase in the buying pressure behind DGTX will validate the optimistic outlook. If so, this altcoin could be poised to surge for one to four daily candlesticks or begin a new upward countdown.

https://digitexfutures.com/blog/high-interest-among-investors-for-crypto-derivatives-products/