Blockchain Bites: China’s Tether Crackdown, CME’s Bustling Bitcoin Markets, Kin’s ‘Active Development’

Coindesk | Oct 23, 2020 at 6:16 PM
  • Chinese officials are cracking down on tether trades.
  • As of Thursday, bitcoin futures contracts worth $790 million were open on the CME, according to data source Skew, topping 15% of the total global open interest.
  • In the buzz around PayPal’s announcement to extend crypto trading and transaction services to a third of a billion users, the fintech giant’s negative role in bringing bitcoin to national attention may have been elided.