Brent Crude Oil Futures Now Tradable on DeFi Exchange Synthetix

The Ukraine Stock Exchange has announced it will start selling Bitcoin futures due to “quite high interest” in the country. Ukraine Trades Brent & Bitcoin. Trading authorities made the statement along with news that Brent crude futures will also be offered. Trading will begin December 19. “This became possible after the National Securities and Stock Market Commission registered specifications of futures contracts and exchange in the stock market legislation,” a statement quoted by local news resource Unian reads. Commenting on the introduction of Bitcoin futures, stock exchange traders....

DeFi After a brutal past three to four weeks, DeFi coins are bouncing back. Synthetix Network Token (SNX), the native token of leading decentralized derivatives platform Synthetix, has gained 7.9% in the past 24 hours. The coin is now nearing $5 after spending some time under that pivotal price point. It seems that there are […]

Investors are nervous that this week’s CME ETH futures launch will be a repeat of Bitcoin’s 2017 CME launch but data suggests otherwise. Bitcoin’s (BTC) abysmal December 2017 futures launch quickly fell short of investors expectations and even though the CME BTC market has surpassed $2.5 billion in open interest, the initial launch has reinforced the narrative that this week’s CME ETH futures launch will be equally bearish in the short term. Prior to the CME BTC futures launch, Bitcoin had already gained 1,900% for the year, a rally which some analysts argue was propelled by the....

While decentralized finance (DeFi) has seen a strong surge in 2020, Maker (MKR), a token strongly tied to DeFi, has underperformed. The cryptocurrency, relative to its competitors, is underperforming; where Aave’s LEND and Synthetix’s Synthetix Network Token surged hundreds of percent in this year alone, MKR only saw a 20-30% move higher. The market may […]

Earlier this week, the decentralized finance (DeFi) market was in a state of capitulation. Top coins pertaining to this space were plunging by dozens of percent over the span of a day or two, including “blue chip” names like Yearn.finance’s YFI, Synthetix Network Token (SNX), and many others. From their highs set in the summer […]