The Commodity Futures Trading Commission says three separate cryptocurrency-related companies defrauded customers.
Lambert here: Prosecution futures, as Yves has always said. By Marshall Auerback, a market analyst and Research Associate at the Levy Institute. Originally published at Alternet. Is the bitcoin craze another in a series of history’s most infamous bubbles, or is it a genuine harbinger of a new global financial architecture? In spite of recent […]
Morgan Stanley is clearing bitcoin futures trades for clients, according to Bloomberg News. It joins rival Goldman Sachs and a number of large brokerages. Morgan Stanley has followed the lead of its rival Goldman Sachs and is clearing...Show More Summary
The rebound from yesterday's lows ahead of the Bitcoin futures expiration continues across the crypto space with Ripple soaring over 50% in the last 24 hours. South Korean headlines continue, ranging from insider-trading accusationsShow More Summary
It's a recipe for fraud. Is the bitcoin craze another in a series of history’s most infamous bubbles, or is it a genuine harbinger of a new global financial architecture? In spite of recent market turbulence, its champions see bitcoin...Show More Summary
Update 1715ET: As January Bitcoin Futures approached expiration... So cryptocurrencies were suddenly bid... As it seems the 9500 Bitcoin net speculative short position sparked a squeeze that ramped from below $9500 to over $11,500.. ...Show More Summary
Despite all the hype, volumes and open interest have been fairly small in Cboe and CME bitcoin contracts.
You've heard of Bitcoin and possibly some others, but the major competitors, including central banks, have not even entered the market yet. Will it make any sense for people to exchange paper currency in the future? I don’t think so,...
The cryptocurrency-themed Japanese pop (J-pop) group Virtual Currency Girls just performed live for the first time in Tokyo. Each member of the group represents a different cryptocurrency, and tickets to future shows will only be sold...Show More Summary
We asked Buddhist teachers how new technologies could disrupt dharma. The post What can “Buddhist Bitcoin” show us about the future of Buddhism? appeared first on Lion's Roar.
Owning a currency that some people say is a fraud and others say is the future can be an emotionally intense experience.
Brief news items of note for Lifehacker readers, including. inside Chefchaouen’s Old City - where everything is painted blue, another bitcoin "explosion" is coming, nude yoga gallery, a wish-list for future Star Wars movies. More »
The future president is thisclose to buying some Ripple, you guys.
``Staff at the regulatory agency "expressed concerns regarding the liquidity and valuation" of futures contracts based on the digital asset, according to one of the filings... Fund managers thought the proposals had a chance at winning approval given the launch last month of futures contracts based on bitcoin on both the CME and the CBOE exchanges.''
I also think it is noteworthy that actual cryptocurrency exchanges exist to get around the limitations of blockchain-based settlement. It’s hard to short bitcoins or buy bitcoins on margin, which is why exchanges exist and use off-blockchain methods (lending you money, keeping custody of your bitcoins, etc.) to allow you to do those things. Show More Summary
Over the weekend, we reported that in a move that will certainly not end well for investors, the New York Stock Exchange asked the SEC to approve five ETFs including 2x leveraged and inverse flavors, linked to Bitcoin futures - which...Show More Summary
In retrospect, the launch of bitcoin futures one month ago has proven to be a modestly disappointing event: while it helped send the price of bitcoin soaring as traders braced for the institutionalization of bitcoin, the world's most...Show More Summary
In a move that will certainly not end well for investors, the New York Stock Exchange has asked the SEC to approve five ETFs including 2x leveraged and inverse flavors, linked to Bitcoin futures - which launched in December on the CME...Show More Summary
With its price fluctuating, sky-high transaction fees, growing traction among competitors and regulatory agencies taking action in several countries, Bitcoin is starved for good news. Today marked another blow against dominant cryptocurrency. China is working to rid itself of bitcoin mining companies. More »
The New York Stock Exchange is looking to list a number of funds linked to bitcoin futures on its NYSE Arca venue. The leveraged ETFs, which go long and short, would multiple the spine-tingling volatility of bitcoin. Some products could...Show More Summary