In this month’s market report, we examine bitcoin’s current rally and assess what is in store for 2021.

After an eventful year, bitcoin’s price closed higher than the all-time high established in December 2017. The new year was kicked off with a swift advance to $42,000 by January 8, before BTC-USD reversed sharply and found support near $30,000.

A look back at Interdax’s key achievements and milestones in 2020.

The past year has provided countless opportunities for cryptocurrency traders. In the first half of 2020, bitcoin opened around $7,000 but then crashed below $4,000 on ‘Black Thursday’ before eventually recovering these losses by the end of May. Our platform withstood the Black Swan event, and we did not experience any downtime or degradation in performance.

A bull run in Decentralised Finance (DeFi) projects characterised the summer. Bitcoin’s upward trajectory also gained momentum as the block subsidy halving event cut the issuance rate in half. …

In this second part in our series on Proof of Stake blockchains, we examine Avalanche, the tokenomics of AVAX and the novel Snow consensus protocol family. Read the first part of the series, which focuses on Ethereum 2.0, here.

AVAX is the capped supply crypto-asset of the Avalanche network, an open source platform based on Proof of Stake which digitises assets and aims to build a new foundation for finance.

Trade Interdax’s AVAX Stablecoin perpetual (AVAX-PERP-USDT) here with continuous settlement and up to 100x leverage.

Background and History

The Avalanche network and the AVAX token were created by Ava Labs, which built on…

In this month’s report, we take a closer look at some of the top NFT projects across different categories.

Read the full report here: https://docsend.com/view/gxsvc9hzj5ymcwia

In our report, we look at the highest volume Non-Fungible Tokens (NFTs) over the past month, provide an overview of these projects and how they plan to implement scaling solutions to reach mass adoption.

Our development update communicates what we’re working on at Interdax and an indication of when these new features will become available.

November Updates

In November, the major developments were:

Interdax Exited the Beta Stage

On November 6, Interdax officially left the beta stage, which coincided with the first anniversary of our mainnet launch.

Spot trading pairs for BTC-USDT and ETH-USDT were also launched. Read more about spot trading in our guide here.

Filecoin USDT Perpetual Released

Trading for Filecoin (FIL) went live on November 7, and FIL-USDT-PERP is the fourth stablecoin perpetual that we’ve launched. The contract specs for FIL-USDT-PERP can be found here.

In this article, we examine a scaling solution for Bitcoin known as Utreexo, which drastically reduces the storage requirements for running a fully validating node.

With the price of bitcoin nearing all-time highs, an influx of new participants are set to enter the Bitcoin network for the first time. While there are already millions of entities using Bitcoin, the number of operational nodes is far less than you’d think. Ideally, each user should run their own to ensure the network is as secure and private as possible.

Figure 1 shows that the number of Bitcoin Core nodes is just above…

In this month’s report, we take a look at bitcoin, where it may go next as well as examine some interesting metrics from the NFT sector.

Bitcoin Round Up

• Markets seem to significantly favour of a break of bitcoin’s all-time high in the coming months, as key technical barriers have been eliminated in recent weeks. First of all, the bitcoin price has made a strong move above the 2019 high at $13,880, clearing the $14,000 handle and reaching a yearly high just above $18,400 in the past 30 days. …

Interdax is pleased to announce our fourth USDT perpetual contract: FIL-PERP-USDT.

Our perpetual contract for Filecoin’s native token (FIL-PERP-USDT) is now available to trade with up to 100x leverage.

What is FIL?

FIL is the native token of Filecoin, a decentralised data storage network that lets users to sell their excess storage on an open platform.

The decentralised data storage network acts as the incentive and security layer for the InterPlanetary File System (IPFS), which is a peer-to-peer network for storing and sharing data files, turning the IPFS storage system into an algorithmic market. …