- The inflow of assets on exchanges indicates a possible continuation of the Bitcoin rally
Along with the rise in the exchange rate, traders became more active, who began to bring their assets to the exchanges. At the same time, there is an inflow of assets from not only sellers but also buyers. This can be traced back by the deposits to exchange-traded wallets of the USDT stablecoin. According to Chainalysis, the value rose by more than 440 million on Monday to 726 million.
- Bakkt Updates Bitcoin Futures Trading Record For The Second Day In A Row
On July 28, the exchange announced a turnover of 11,506 contracts, surpassing the previous maximum by 85%. The next trading session was also a record one. The growth in trading volumes on Bakkt is being observed under the influence of the rise in the price of bitcoin to annual highs of about $ 11,400. In the Bitcoin futures market of the Chicago Mercantile Exchange (CME), 25,493 contracts were processed on Monday, and on Tuesday the value was 20,900, which is equivalent to $ 1.15 billion.
- The second version of Augur prediction markets has been launched with improved support for DeFi-functions
On July 29, the developers announced the launch of contracts of the second version of the protocol on the main Ethereum network and their successful verification via Etherscan. Augur has been in development since 2015 and is one of the first ICO projects to generate significant community interest. One of the most obvious differences in the second version was the translation of calculations into the dollar equivalent. In the first version, the denomination was carried out in Ethereum, which exposes customers to risks of volatility.
- Poland develops a regulatory framework for cryptocurrencies
The Polish regulator said that the trading of bitcoin and other crypto-assets in the country is not prohibited, however, it is necessary to develop clearer and more universal regulatory and legal provisions in accordance with which the players of the cryptocurrency market should conduct their activities. KNF has drawn up a "draft" of the rules for issuing and trading cryptocurrencies. It describes the basic concept of digital currencies, possible options for their use, as well as the classification of cryptocurrencies in accordance with Polish law. The document will be published this week.
- Binance Opens New Crypto-Fiat Exchange in Australia
Users will be able to make fiat deposits directly from their bank accounts without commissions using the PayID system. To withdraw funds, all you need to do is link your Australian bank account to your Binance Australia account and submit a request. “Australia is at the forefront of blockchain innovation through favorable regulation,” said Binance CEO Changpeng Zhao.
