Bitcoin Futures Manipulation: How it Works and How to Reduce It

The markets were euphoric. The community was cheer-leading the imminent launch of Bitcoin futures first on the CBOE and then on the CME. Bitcoin reached its all time high. They saw this as an indication that institutional investors were just around the corner and that Bitcoin was about to “moon.” Fast forward to today and the The post Bitcoin Futures Manipulation: How it Works and How to Reduce It appeared first on CCN

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We’re ‘Looking into’ Cryptocurrencies: JPMorgan Co-President

Multinational investment banking JPMorgan is “looking into” cryptocurrencies, company co-president Daniel Pinto said. Pinto made this revelation during a wide-ranging interview with CNBC, explaining that although the firm is not optimistic about cryptocurrency in its current incarnation, it believes this technology will “play a role” in the financial system moving forward. He said: “We are The post We’re ‘Looking into’ Cryptocurrencies: JPMorgan Co-President appeared first on CCN

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Trading Giant Virtu Financial Will Make Markets in ‘Physical Bitcoin’ Once It’s More Regulated

High-frequency trading firm Virtu Financial plans to become a major market maker in the cryptocurrency spot markets once the asset class becomes more regulated, the firm said on Friday. Virtu CEO Douglas Cifu made this revelation during a question-and-answer session at the end of the company’s first-quarter earnings call. Responding to a question from a The post Trading Giant Virtu Financial Will Make Markets in ‘Physical Bitcoin’ Once It’s More Regulated appeared first on CCN

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Bitcoin Price Recovers Within 24 Hours From $11,500 to $15,000, Optimstic Factors

The post Bitcoin Price Recovers Within 24 Hours From $11,500 to $15,000, Optimstic Factors appeared first on CCN It took less than 24 hours for the bitcoin price to recover from a 30 percent drop. Earlier today, on December 23, the price of bitcoin recovered from $11,500 to $15,000, as the cryptocurrency market began to demonstrate optimistic signs of growth. Factors of Potential Short-Term Rally Since yesterday, the market valuation of cryptocurrencies has The post Bitcoin Price Recovers Within 24 Hours From $11,500 to $15,000, Optimstic Factors appeared first on…

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CBOE Joins Race to List the First Bitcoin ETF, With 6 Filings

The post CBOE Joins Race to List the First Bitcoin ETF, With 6 Filings appeared first on CCN The Chicago Board Options Exchange (CBOE) hopes to be the first U.S. exchange to list a Bitcoin ETF, an exchange-traded fund that tracks the price of bitcoin futures contracts. CBOE Files to List Bitcoin ETF According to documents posted on the exchange operator’s website, CBOE filed several proposed rule changes with the U.S. Securities and The post CBOE Joins Race to List the First Bitcoin ETF, With 6 Filings appeared first on…

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