Societe Generale’s crypto arm to launch Euro-pegged stablecoin.

Forge — a regulated crypto arm of the French banking firm Societe Generale — is set to launch a new euro stablecoin called “CoinVertible” on the Ethereum blockchain. The investment bank aims to bridge the gap between traditional capital markets and the digital assets ecosystem through the launch of the euro-pegged stablecoin, according to the […] The post Societe Generale’s crypto arm to launch Euro-pegged stablecoin appeared first on CryptoSlate. origin »

Bitcoin Traders Count Losses As Total Liquidations Approach $300 Million.

Bitcoin (BTC) traders have experienced a tough week as the cryptocurrency dipped below $30,000, causing panic among traders who shorted Bitcoin in the hope of the asset’s price moving upwards.   According to data provider Coinglass, many traders are counting their losses, and a record of approximately 87,977 traders have liquidated over the past 24 hours, totaling $291 million and counting. origin »

Quant Explains Bitcoin Funding Rates Pattern That Precedes Uptrends.

A quant has explained how a specific Bitcoin funding rates pattern has preceded uptrends in the asset’s price during recent months. The Bitcoin 72-Hour MA Funding Rates Pattern That May Kick Off Uptrends As explained by an analyst in a CryptoQuant post, the price has started rising recently whenever the metric has been near zero inside the negative zone. origin »

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