Trading
54 posts
As the U.S. presidential election gets closer, market “predictions” are showing up in stocks from energy to private prisons. How markets are trading the U.S. presidential election in November. A look at what different stock and other market preferences suggests about who Wall Street expects to win the 2020 election, including: Source link
Open interest on the Seychelles-based cryptocurrency exchange is down nearly 50% from the $125 million observed Oct. 1. Source link
Japan’s Tokyo Stock Exchange (TSE) has shut down all trading for a full day due to a systemwide technical error. Though the exchange says the glitch is unrelated to hacking, it has yet to say when trading will resume. The TSE said it would halt trading for all of Thursday as it works to resolve the system failure, which was detected some two hours before markets were set to open, adding that it “sincerely apologizes for any inconvenience caused to investors.” A spokesperson for the exchange’s operator, the Japan Exchange Group, says the error was not caused by a hack, but […]
A Caribbean-based firm is in hot water with the CFTC for allegedly allowing U.S. retail investors to partake in leveraged trading of cryptocurrencies and precious metals. Source link
The super-charged trajectory of the cryptocurrency industry is translating to faster growth at the publicly traded digital-asset brokerage Voyager Digital, where revenue this quarter is tracking at an eightfold increase over the prior 12 months’ average pace. Voyager CEO Steve Ehrlich told CoinDesk in a Zoom interview that the company’s on pace for revenue of about $2 million during the fiscal first quarter that ends Sept. 30. That compares with $1.1 million during the fiscal year that ended in June. The company’s shares, listed on the Canadian Securities Exchange, have rallied about 250% year, far surpassing the 49% year-to-date gains for […]
A new cryptocurrency trading platform is gearing up to offer zero-fee trades to users in six countries in the Gulf Region. Announced on Thursday, the platform Fasset Exchange (FEX) has started sign-ups for its private beta and is planning a public rollout later this year. Source link
The Aegean Sea and the eastern Mediterranean has seen naval and land conflict since the Trojan War in the 12th century BC. But now tensions between Turkey and Greece have risen to boiling point again because of hydrocarbons. Turkey has vowed to send a reconnaissance vessel, the Oruç Reis, back to disputed waters in the eastern Mediterranean after it undergoes routine maintenance. The announcement, on Monday 14 September, suggests President Recep Tayyip Erdogan is in no mood to back down in the wake of Greece’s declaration on Sunday that it would buy 18 Rafale jet fighters from France. The two countries have been rattling sabres […]
British actor John Boyega is quitting as global ambassador for the UK perfume and scented candles giant Jo Malone after the company replaced him with a local actor in a commercial made for the Chinese market. Boyega said that the original ad, which he created and directed, celebrated his “personal story,” featuring his hometown, friends and family members. The company also shot an ad tailored for the Chinese market, keeping most themes and elements from the original concept, but replacing Boyega with popular actor Liu Haoran. Boyega said that it was “wrong” to do so without his consent. “While many brands […]
The CFTC alleged four individuals stole close to $1 million from customers by promising returns from a bitcoin trading scheme. Source link
The firms will leverage privacy enhancing zero-knowledge proof technology to enable institutional trading firms to cross margin and bilaterally trade derivatives from a single pool of collateral. Source link
https://cdn1.img.sputniknews.com/img/107903/66/1079036628_0:0:3152:1773_1200x675_80_0_0_374b54a142698bb88fd4185f07765d32.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Ashutosh Kumar. Sputnik International https://sputniknews.com/india/202009041080362612-indian-bourses-plunge-on-global-cues-sensex-down-625-points-in-opening-trading/ India’s benchmark stock index Sensex crashed from a peak over 42,000 points in February to just 26,000 when the COVID-19-caused lockdown was announced in the country in late March. The index has rebounded by almost 50 percent from its March lows. Indian bourses crashed in opening trading on Friday in tandem with a global sell-off triggered by tumbling technology stocks in the US, sending shockwaves across Asian bourses. The Bombay Stock Exchange’s Sensex tanked 625.93 points to trade at 38,365 in the opening session, registering a 1.61 percent fall. Similarly, the National Stock […]
Three trading platforms focused on the retail market have participated in the $4.75 million Series C for a crypto settlement service. Source link
The new app does not include the iconic “trollbox” feature of BitMEX’s site, but will in future, the firm said. Source link
Huobi Futures will offer bitcoin options starting Tuesday, aiming to meet demand from traders for ways to hedge against risks in crypto markets. Source link
Price point Bitcoin was rising along with gold and U.S. stock futures early Friday as traders reacted to Federal Reserve Chair Jerome Powell’s plan to let inflation run hot in coming years as the economy heals from the coronavirus-induced recession. The largest cryptocurrency, seen by some investors as a hedge against inflation, changed hands around $11,451, staying in the range between $10,900 and $12,400, where it has been stuck since late July. In Asian markets, the Japanese yen jumped on haven buying after Prime Minister Shinzo Abe, who has pursued inflation-boosting policies, said he would resign due to an illness. You’re reading First Mover, CoinDesk’s daily […]
Growing institutional interest is helping to drive a recent spike in volume on Bakkt, according to its president, Adam White. But the U.S.-regulated crypto derivatives exchange is holding out hope its dormant options platform will eventually gain traction. Trading volumes for physically settled bitcoin futures on Bakkt rose to $134 million on Tuesday from a previous high of $132 million on July 28, according to crypto derivatives data firm Skew. Bakkt went live last September. Bakkt open interest and volume.Source: Skew “The market recognizes the value that a regulated physically delivered bitcoin future offers for hedging and risk management and speculation,” […]
Marc P. Bernegger started his first internet company in 1999 and had two successful exits. He began working with Bitcoin in 2012, is on the board of Crypto Finance Group, Swiss Blockchain Federation and CfC St. Moritz and is a member of the World Economic Forum’s (WEF) Expert Network for blockchain. The recent CoinDesk opinion article “10 Reasons Quant Strategies for Crypto Fail” by Jesus Rodriguez makes for a great headline, but it overlooks relevant developments and key data in the sector. While Rodriguez makes reasonable points about the weakness of quant technology for crypto, a growing number of professional crypto […]
South Korea’s third largest crypto exchange, has reportedly been seized by police over allegations it faked most of its trading volume. Source link
Retired NFL player Jack Brewer, seen here in 2015, has been sued by the Securities And Exchange Commission for alleged insider trading. Brewer is a prominent supporter of Donald Trump’s reelection campaign and is set to speak at the Republican National Convention. Johan Ordonez/AFP via Getty Images hide caption toggle caption Johan Ordonez/AFP via Getty Images Retired NFL player Jack Brewer, seen here in 2015, has been sued by the Securities And Exchange Commission for alleged insider trading. Brewer is a prominent supporter of Donald Trump’s reelection campaign and is set to speak at the Republican National Convention. Johan Ordonez/AFP via […]
Cryptocurrency derivatives exchange FTX has acquired Blockfolio, the market’s leading mobile news and portfolio tracking app, for $150 million. The price was paid in cash, crypto and equity, the companies told CoinDesk. Formally announced Wednesday morning in Asia, the deal is a strategic play for FTX, whose clientele consists largely of quants and professional traders, to attract more retail customers. Nine months ago, the companies began discussing plans to build a retail-focused cryptocurrency product together. Those discussions eventually morphed into merger talks. Even as one of the newest exchanges, FTX has grown at warp speed since its founding last year. Source […]
Markets excited by the prospect of declining ETH fees may have caused a surge in 0x, an Ethereum-based DEX that will benefit from decongestion. Source link
Texas regulators ordered MTI to cease and desist in July, alleging it was a crypto fraud. Source link
LGO says its partnership with Fireblocks will speed up slow deposit times – an opportunity cost for crypto exchange users. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
This is not a guide of how to trade crypto. This is not about how to make money, how to invest, or where to find alpha. But if you’ve dabbled in crypto-trading? Then you know this one thing: It can be all-consuming. When your money is on the line, suddenly you’re checking the prices more than you check social media, you obsess about the charts, and even your dreams are filled with candlesticks and Elliot Waves. Oh, and there’s never a break. Stock day-traders might be Red Bull-pounding stress-monsters from 9:30am to 4pm on Monday to Friday, but they are then […]
Dharma wants to do for DeFi what Robinhood did for stock trading: make it stupid easy. The Coinbase-backed decentralized finance startup is adding token-exchange protocol Uniswap as its latest in-app offering. In addition to earning “interest” on Ethereum stablecoins, Dharma users will now be able to trade any ERC-20 token for another. “This continues our strategy of building Dharma as the gateway to doing the important things in DeFi,” co-founder Brendan Forster said in an interview. With only tens of thousands of active users by most estimates, the $3.8 billion DeFi market is still niche. For the sector to realize its […]
…from SouthFront The joint Russian-Turkish patrol set to be held in southern Idlib on July 29 was delayed due to increased military tensions and the inability of Ankara to ensure the security of the patrol in its area of responsibility. And the situation does not seem to be improving. According to pro-militant sources, on the evening of July 29th and morning of July 30th, the Syrian Army launched over 500 shells at militants’ positions in the Zawiya Mount area, including Kansafra, al-Bara, Kafar Aweed, Fatterah and Erinah. In response, Hayat Tahrir al-Sham and its allies struck Syrian Army checkpoints at Kafr […]
Canada-based crypto trading platform Coinsquare has agreed to settle with the Ontario Securities Commission (OSC) after it was found senior executives told employees to make fake trades on the platform. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Trading activity in bitcoin futures listed on the Chicago Mercantile Exchange (CME) has cooled notably as the leading cryptocurrency languishes in the price doldrums. Daily trading volume fell to $87 million (via 1,895 contracts) on Friday to hit the lowest level since April 17, when the exchange-traded contracts were worth $77 million, according to data from crypto derivatives research firm Skew. Bitcoin futures volume on CMESource: Skew Volume topped out at $914 million on May 11 – the day bitcoin underwent its third miner reward halving – and has been on a declining trend ever since. The halving was widely expected […]
Bitcoin’s notorious volatility has practically disappeared during the most-recent phase of the coronavirus-induced economic crisis – and that’s now taking a toll on trading volumes at cryptocurrency exchanges around the world. For more than two months, bitcoin has stayed in a range between roughly $8,500 and $10,200, an astonishing stretch of stability for an asset whose price rose 13-fold in 2017, tumbled 73% in 2018 and then jumped 94% last year. It’s up 29% so far in 2020, after wild gyrations earlier in the year that have mostly faded since late April. The largest cryptocurrency changed hands Tuesday at $9,257, down […]
The Brazilian Securities and Exchange Commission (CVM) on Monday ordered cryptocurrency exchange Binance to immediately cease offering derivatives trading services in the country. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
A London-based subsidiary of cryptocurrency exchange Kraken has been given consent to operate its derivatives platform by the U.K.’s financial regulator. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
After the largest options expiry in history, bitcoin ended its fifth week of bouncing around the $9,000s price range. Bitcoin (BTC) was trading around $9,180 as of 20:00 UTC (4 p.m. ET), slipping almost 1% over the previous 24 hours. At 00:00 UTC on Friday (8:00 p.m. Thursday ET), bitcoin was changing hands around $9,300 on spot exchanges such as Bitstamp. After putting in the Friday high of $9,291, bitcoin failed to rally from Thursday’s sell-off to $8,990 from $9,650 and continued to trade hands between $9,000 and $9,200. Bitcoin trading on Bitstamp since June 22Source: Source: TradingView Trading volume on […]
After a quick rally on Monday, bitcoin remains in bullish territory although trading was flat Tuesday. Bitcoin (BTC) was trading around $9646 as of 20:00 UTC (4 p.m. ET), gaining 1% over the previous 24 hours. At 00:00 UTC on Tuesday (8:00 p.m. Monday ET), bitcoin was changing hands around $9,675 on spot exchanges such as Coinbase. After a dip to as low as $9,571, the price rallied but failed to cross $9,700. However, bitcoin’s price is still well above its 10-day and 50-day moving averages, which is a bullish signal for market technicians. Bitcoin trading on Coinbase since June 21Source: […]
A little-known virtual currency fund heavy on math and statistics is turning a steady profit under a lead trader who once oversaw a major cryptocurrency exchange. Galois Capital, a San Francisco cryptocurrency hedge fund that launched in January 2018, said in an investor letter and financial filings that it increased its holdings from $10 million to $23 million in two years with high-frequency trading and funds from new investors lured by returns. A quantitative fund manager, Galois Capital computationally makes bulk volumes of speedy, precise trades shaped by its founder and lead trader Kevin Zhou, previously head of trading at American […]
Hong Kong-based cryptocurrency platform Crypto.com has revamped its digital exchange. The new upgrades are expected to increase the performance and throughput of the exchange tenfold, the company announced Thursday. Changes include improvements to speed, scalability and security. The Crypto.com exchange launched in beta at the end of last year. The exchange is one of many services offered on the platform alongside currency accounts, debit cards and a mobile app. Company co-founder and CEO Kris Marszalek told CoinDesk the firm is planning to end the trial phase by the end of the year, and the infrastructure upgrades are expected to pave the […]
A subsidiary of U.S banking group Capital One said its newly patented artificial intelligence (AI) system would save human crypto traders from potential pitfalls. Capital One Services, which deals in credit cards and auto loans, says its system uses AI technology for “analyzing [the] credibility of cryptocurrency-related information.” Humans face barely surmountable obstacles and pressures when they trade crypto, the filing states. The market runs 24/7 and it requires investors to know the intricacies and nuances of very distinct protocols as well as watch out for events such as airdrops, forks or hacks that come streaming in from multiple sources including […]
Private Swiss bank Maerki Baumann’s new crypto trading service shows there’s a growing market for providing premium execution for an institutional or wealthy clientele. The entity promised its new crypto trading and custody service would provide clients with the best trading experience in a blog post last week. “The trading orders placed with Maerki Baumann are directed to professional crypto brokers and the world’s largest and most liquid crypto exchanges via proven partner companies,” Maerki Baumann announced. “This ensures that transactions are carried out quickly and with a narrow trading range between the buy and sell price (spread).” Maerki Baumann’s clientele includes […]
Digital currency trader and lender Genesis Global Trading is moving toward full-service prime brokerage with the acquisition of crypto custodian Vo1t, the company announced Thursday. The New York-based trading firm, which is a subsidiary of CoinDesk parent firm Digital Currency Group, acquired Vo1t to begin developing a full suite of prime brokerage services under one roof including lending, trading and custody. The terms of the deal were not disclosed. “We’re coming at this after having a successful business on the trading and lending side,” said Genesis CEO Michael Moro. “The goal is for clients to be able to do any and […]
Depository Trust & Clearing Corporation (DTCC), a giant of financial markets infrastructure, is studying whether distributed ledger technology (DLT) could accelerate its processing of securities. DTCC revealed two projects Monday aimed at integrating DLT with capital markets: Ion, a proof-of-concept alternative settlement service and Whitney, a security token method of private securities issuance and exchange. Ion in particular envisions a radical future for a company whose already-speedy clearing and settlement pipework routes nearly $2 quadrillion in securities every year – almost the entirety of the U.S. securities market. Perhaps digitized assets might flow smoother with DLT, DTCC opined in a project […]
FalconX’s multi-million-dollar pre-seed funding from an impressive list of investors reflects institutional demand for a platform that aims to fight artificially inflated trading volumes in the crypto space. The cryptocurrency trading platform announced Thursday it had raised a total of $17 million in a round led by Accel – which has Facebook and Slack in its portfolio – and with the likes of Coinbase Ventures, Fenbushi Capital and Land Avon Ventures also investing. That’s a lot for a pre-seed round. To give some perspective, Facebook – social media giant now worth over $600 billion – raised $12.7 million, in a round […]
Synthetix is putting over $40,000 in crypto on the line to entice users to try out the faster beta of its decentralized exchange (DEX). “While DEXs offer significant improvements over CEXs [centralized exchanges] in terms of safety of funds and transparency, there is typically a painful trade-off on transaction speed,” Synthetix CEO Kain Warwick told CoinDesk in an email. It doesn’t cost anything more than a tweet to participate in the demo DEX, but users need to act fast because they only have till Tuesday to place in the top 20 and win a piece of the 50,000 SNX the company […]
Opinion 00:55 GMT 16.05.2020Get short URL Sen. Richard Burr (R-NC) recently stepped down as chair of the Senate Intelligence Committee after he was accused of selling hundreds of thousands of dollars in stock before the US COVID-19 outbreak, a symptom of inherent corruption in the US political system, Jim Kavanagh, the editor of ThePolemicist.net, told Sputnik Friday. “The problem for Burr is that he made these stock trades himself. [Sen. Dianne] Feinstein (D-CA), [Sen. Kelly] Loeffler (R-GA), a couple of other people who were involved in this, all have the excuse or rationale or reason that their stock trades were made […]
Investor interest in bitcoin options listed on the Chicago Mercantile Exchange (CME) peaked to record highs in the days after the recent halving event. Bitcoin underwent its much-anticipated reward halving on Monday, at which point the reward per block mined was reduced from 12.5 to 6.25 bitcoin (BTC). On the same day, daily options trading volume on the CME jumped to $17 million, surpassing the lifetime high of $9.9 million set on May 6, according to data provided by crypto derivatives research firm Skew. Notably, volume has continued to grow ever since. On Tuesday, the CME set a new record of […]
Infrastructure provider Copper claims its new trading tool solves an obstacle preventing institutional investors from trading more freely in the cryptocurrency space by letting two parties hold on to their assets until just before executing a trade. The London-based firm said Thursday that ClearLoop – which facilitates fast, off-exchange settlements – would pretty much negate one of the chief concerns institutional investors have with the crypto space: namely, the risk involved with trusting an exchange to look after their trading capital. Most exchanges require clients to deposit digital assets with them, in a hot wallet, before they’ll allow them to trade. […]
Burr resigned as head of Senate Intelligence Committee as he faces long prison term for his insider trading deals (with Donald Jr?) Will Trump’s new GOP Senate be meeting in Danbury? Daily Beast: Federal law enforcement has seized Republican North Carolina Sen. Richard Burr’s cellphone in a probe of his stock sales, the Los Angeles Times reports. Burr, the head of the Senate Intelligence Committee, has already complied with an associated warrant for his cellphone records as the Justice Department investigates whether his actions constitute insider trading. Senator Richard Burr steps down as chairman of Senate Intelligence Committee as he fights investigation over his […]
Federal agents have seized the private cell phone of Republican Senator Richard Burr, reportedly serving him with a search warrant amid a Justice Department probe into suspicious stock trades he made soon after Covid-19 hit the US The North Carolina senator was presented with the warrant at his Washington-area residence on Wednesday night, the LA Times reported, citing a law enforcement official who spoke on condition of anonymity. The move comes as the DOJ intensifies its probe into a series of stock sales Burr made in February, just before US markets took a nosedive, possibly on the basis of information gleaned […]
Crypto derivatives exchange Phemex is swapping out its existing trading fee structure for a new subscription model it says will make frequent trading more accessible. The Singapore-based exchange, which only launched in November, said its new Premium subscription model would encourage clients to trade as much as they like on the platform without towering fees. Open only to manual traders, subscriptions start at about $10 a month – paid in the tether (USDT) stablecoin – and will be available as of Friday. Clients using algorithms for trading will still be charged maker, taker fees. In itself, the subscription-based model isn’t revolutionary: […]
Binance.US has launched an OTC trading portal for major orders. The feature will allow users of Binance’s US affiliate to process orders worth $10,000 or more directly between customers, off of the normal exchange’s order book. Catherine Coley, CEO of Binance America, announced the launch during Consensus: Distributed on Monday. Coley said the launch comes at an opportune time for large value traders given increasing interest in bitcoin from well-known investors, such as hedge fund pioneer Paul Tudor Jones II. “We just saw Paul Tudor Jones speak up about owning almost 2% of his net worth in bitcoin so as people […]
Cryptocurrency exchanges based outside the U.S. are pushing to fill what they see as a competitive gap in the world’s biggest economy – offering more leverage to traders who have limited alternatives due to a strict domestic regulatory environment. Antigua and Barbuda-based cryptocurrency exchange FTX plans to launch its newly established U.S. unit this month. Margin trading, in which users can buy and sell assets using borrowed money, could become a key feature of the U.S. operations, FTX CEO Sam Bankman-Fried told CoinDesk. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the […]