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Tag Archives: bitcoin futures

ICE, NASDAQ, CME Urge FCA Not to Restrict Crypto Derivatives for Retail Investors

The World Federation of Exchange (WFE), which is made up of the globe’s giant stock exchanges such as Deutsche Boerse, the London Stock Exchange, Korea Exchange, CME Group, and Nasdaq, has requested the Financial Conduct Authority (FCA) of the United Kingdom not to illegalize crypto derivatives for retail users.The WFE made the official announcement in reply to the financial regulator’s consultation document on potentially restricting crypto derivatives like Bitcoin futures as well as...

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You Can Bet on whether or not Facebook’s Libra will Launch by 2020

Facebook’s forthcoming digital currency, the Libra, is probably the most uncertain project in the cryptocurrency industry at the moment. Ever since the company announced its plans to issue the asset, there has been significantly heavy backlash both from the public and also from the U.S. Congress, so much that the earlier proposed date for early next year is quite shaky, if not completely impossible. Now, a crypto futures exchange firm seems to be taken advantage of all the uncertainty of the...

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Bitcoin Price Goes Below $8,000 as the Cryptospace Experiences a Squeeze

In what seems to be a return to bearish tendencies, Bitcoin price has dipped below $8,000 overnight, fortunately, major altcoins haven’t followed suit this time. At the time of writing, BTC was down 0.83% to $7,967.00.The altcoins, on the other hand, have fared differently with each altcoin seeming to find its ground. Ethereum (ETH) is down 0.51% to $174.16, XRP is up 5.44% to $0.27, EOS is up 1.27%, Tether down 0.71% to $1 while Litecoin is down by 0.97% to $55.68. Several factors may be...

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Galaxy Digital and XBTO Making First Block Trade of Bakkt Bitcoin Futures

Cryptocurrency investment fund Galaxy Digital and over-the-counter (OTC) trading firm XBTO announced they have managed to organize the first block trade ever of Bakkt’s Bitcoin futures contract.In the announcement, Bakkt’s parent company, Intercontinental Exchange (ICE), said the deal is done but hasn’t disclosed any further details (as price or size). Trabue Bland, President of ICE Futures U.S said that since it launched last week, the Bakkt Bitcoin Futures has achieved several milestones,...

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First Week Performance of Bakkt’s Bitcoin Futures Remains Disappointing

Last week, the Intercontinental Exchange (ICE) launched its regulated Bitcoin Futures contracts. While there was a lot of buzz before the launch, Bakkt failed to make an impact on the market.The Bakkt futures contracts saw very lukewarm response from investors. With one week since its launch, the Bakkt futures contracts have just $5 million in total trading. Bakkt’s Bitcoin futures contracts come in two options – daily and monthly settlement. The daily contracts settlements have received an...

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Bakkt’s Launch Caused Bitcoin Price Loss, Says JPMorgan Analysts

After quite a long period of incubation and regulatory pursuits, the Intercontinental Exchange (ICE), eventually launched its Bakkt’s Bitcoin futures contracts last week. The platform had always been heralded as the main ingredient that will serve as the proper Bitcoin catalyst but has failed so far. In fact, a day after Bakkt officially launched, Bitcoin shed almost 20% of its weight and dropped to $8,000 price level for the first time in months.Now Bloomberg reports that analyst from...

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Bitcoin Keeps Bleeding and Drops Below $8,000, Further Losses Possible

Just when it seemed like it could not get worse for the Bitcoin HODLERS, the BTC price plunges further. According to data from Messari, BTC dropped below a key support level of $8,000, touching the $7,800 mark. As we published earlier, the BTC price plunged by over $1,000 to settle below $8,500. Now another support has been breached.The biggest crypto has now entered the $7,000 region for the first time since June amid a severe $30 billion sell-off in the crypto market. In just 5 days, the...

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Did Manipulation of CME Futures Cause Bitcoin to Crash Below $8,000?

Conspiracies concerning the manipulation of bitcoin futures may now have some grounds, as researchers claim to have found a "striking systematic trend" between BTC price action and futures expiry dates.Cries of foul play surrounding CME's bitcoin futures contracts are almost as old as the derivatives themselves. For months, the expiration date of the cash-settled contracts has inconceivably lined up with adverse price movements in bitcoin. Though purportedly coincidental, this occurrence has...

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Is Bitcoin Potentially Being Manipulated Again?

Is bitcoin being manipulated again? Bitcoin: the Target of More Tricks?In 2018, a report issued by John Griffin, a finance professor at the University of Texas, showed that the currency was potentially being manipulated by tether during the previous year. It’s price spiked the way it did because people who owned tether would repeatedly use that currency to buy bitcoin, thereby pushing its price higher whenever BTC fell by even the slightest margin.This is what tied bitcoin to the U.S. dollar....

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Bitcoin Price Could Test $7,500 Support, Are Institutional Investors Behind this Plunge?

Bitcoin and the entire crypto markets arena are in chaos currently after an abrupt drop in Bitcoin network’s hash rate that resulted in heavy losses on September 24. Some analysts also believe that eh recent drops are as a result of a disappointing launch of the much-anticipated Bakkt platform.On that day, Bitcoin price dropped sharply, losing up to 15% of its value in hours confirming a bearish reversal. All that happened as investors focused on Bakkt’s low Bitcoin trading volume and it...

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