• The financial services giant is planning on offering digital asset trading beginning in the summer of 2018, sources close to the bank have reported. Old Money Moving In Goldman Sachs is becoming one of the first large banks in the US to embrace Bitcoin and other crypto-currencies, as the bank is currently building a team to tackle many of the issues that will come from implementing the trading. A major issue now is how the

    Goldman Sachs to Offer Cryptocurrency Trading

    | 2017/12/28 10:00 am
  • It goes without saying that this year has been epic for the cryptocurrency industry. A ‘Big Bang’ for a technology that was embryonic just six months ago. Big players are starting to take an interest now as investment opportunities are abundant in the burgeoning markets. According to the New York Post, one of China’s biggest business and entertainment tycoons has bought a 27% stake in the Delaware Board of Trade, a company operating one of

    Chinese Tycoon ‘Mr. Chinawood’ Bets Big on Crypto Exchange

    | 2017/12/25 5:00 am
  • Bitcoin’s colossal price swings in recent weeks have certainly grabbed the attention of both advocates and skeptics alike. Within just a couple of days, the digital asset’s price swung by $8,000 from just over $20k down to $12k and back up again to around $13.5k where it currently trades. The naysayers will be gloating while the investors will be looking at it as a simple market correction which offers another buying opportunity before it surges

    Big Bitcoin Debate Rages On

    | 2017/12/25 1:45 am
  • In a recent report sent out to clients, Morgan Stanley analyst James Faucette cautioned that the “true” value of Bitcoin might actually be zero. Zero. Zip. Nada. The report, titled Bitcoin Decrypted, discussed the difficulty in ascribing value to the digital currency, noting that it behaves like neither a currency nor a store-of-value commodity like gold, silver, etc… Examining several key factors, Faucette points out: Bitcoin can’t be valued as a currency because it has no associated interest

    Morgan Stanley Analyst: True Price of Bitcoin Could Be Zero

    | 2017/12/24 5:30 pm
  • Bitcoin has a relatively high barrier of entry when it comes to individual management and security of storage, but that hasn’t stopped these British entrepreneurs from capitalizing on giftable Bitcoin Christmas gifts, in fact, it possibly makes it easier for them to do so. British entrepreneurs Laurence Kemball-Cook and Louise Doherty have launched a Bitcoin gifting service just in time for the Christmas shopping rush this year, offering Bitcoin gift cards for £10, £50 or £100

    Give The Gift Of Bitcoin This Christmas

    | 2017/12/23 5:00 pm
  • The Chicago Board Options Exchange (Cboe) has been successfully trading Bitcoin futures since December 10, 2017. As a result, Cboe is now trying to expand its participation in the cryptocurrency business. In effect, Cboe has just petitioned the U.S. Securities and Exchange Commission (SEC) to launch six Bitcoin-based exchanged traded funds (ETFs). The Push for ETFs Heats up SEC’s authorization to trade Bitcoin futures contracts elevated the cryptocurrency into the circle of mainstream finance, setting

    Cboe Floods the SEC with Bitcoin ETF Petitions

    | 2017/12/23 2:00 pm
  • The interest and popularity of Bitcoin, and the crypto industry in general, may be growing, but a major Dutch financial institution is still not convinced that global adoption is a given. Even though this has been a bit of a rocky week for our favorite crypto, its still important to remember the positives, like CBOE and CME having recently launched futures trading, and the fact that central banks could be holding it in their reserves

    No Mainstream Adoption for Bitcoin According to ING

    | 2017/12/23 11:15 am
  • One of the biggest bulls for Bitcoin, Michael Novogratz, has delayed the launch of his cryptocurrency hedge fund and believes Bitcoin could fall to $8,000. Bitcoin has been one of the most important financial stories in 2017, and as we stagger through the last few days of the year, Bitcoin still has a grip on the headlines. However, instead of the awe of Bitcoin soaring ever higher in value, there is shock as the cryptocurrency

    Novogratz Delays Crypto Hedge Fund and Says Bitcoin Could Drop to $8000

    | 2017/12/23 6:00 am
  • Ari Paul, CIO of cryptocurrency hedge fund BlockTower Capital, recently sat down with Business Insider’s Sara Silverstein to discuss the three main risks associated with investing in cryptocurrencies. 1. Investment Risks The first area of risk, according to Paul, is investment risk, by which he predominantly refers to the volatility of cryptocurrencies. All anyone has to do is take a look at Bitcoin’s performance over the past month to understand what he is talking about.

    CIO of Hedge Fund BlockTower Capital Reveals 3 Biggest Cryptocurrency Investment Risks

    | 2017/12/22 9:30 pm
  • Less than a week after the second big US exchange offered Bitcoin futures contracts, reports emerged that banking giant Goldman Sachs is planning to launch a trading desk for cryptocurrencies. According to the SCMP which cites ‘people familiar with the situation’ the bank aims to have the service running by mid-2018 if not earlier. Sources also claimed that it was still trying to decide on how to hold the digital assets and how to manage

    Goldman Sachs to Launch Cryptocurrency Trading Platform

    | 2017/12/22 12:00 am
  • With no fixed acceptance of Bitcoin on traditional financial markets, investors have had to turn to other vehicles to make their investments in Bitcoin. However, in a field so little regulated as Bitcoin and cryptocurrency, accusations of and actual market manipulation are still proving a real concern for regulators. The United States Securities Exchange Commission suspended trading on Tuesday of a penny stock related to Bitcoin that has soared in recent weeks (2000% this month),

    Bitcoin-Linked Stock Shut Down By US Regulators

    | 2017/12/20 9:30 am
  • On Monday, December 18, 2017, the first day that Chicago Mercantile Exchange Group (CME) started trading Bitcoin futures, volume was unexpectedly light. Nevertheless, CME exchanged Bitcoin future contracts for about $100 million USD. CME Bitcoin Futures Debut with New Indexes One week after Cboe launched Bitcoin futures, CME, the largest futures exchange operator, followed suit. In effect, CME launched Bitcoin futures contracts, under the symbol BTC, on Sunday, December 17, 2017, for a trade dated

    CME Group’s Bitcoin Futures Made Their Debut to Little Fanfare

    | 2017/12/19 1:45 pm
  • Bill Miller’s MVP1 fund now holds 50% of its total asset value in Bitcoin – but not for long. Ask someone with a bit of Wall Street savvy to list some of the top contrarian investors in the US and you’ll almost certainly hear Bill Miller’s name. He’s known primarily for applying this approach to his trades while at Legg Mason, the US investment management firm with close to three-quarters of a trillion dollars under

    Bitcoin Now Accounts For 50% Of Miller’s MVP1 Hedge Fund

    | 2017/12/18 5:30 pm
  • A week to the day after CBOE launched their Bitcoin futures, CME Group followed up with a smooth introduction to the nascent crypto scene. CME is a much larger exchange, so many expect it to have a bigger impact on the markets and the overall recognition and legitimization of Bitcoin and its brethren. The big daddy of digital currencies traded higher as expected and reached an all-time high once again on December 17th, just before

    A Bright Start for CME Futures

    | 2017/12/18 5:45 am
  • Since last week Bitcoin futures have officially started trading on CBOE Global Markets. Many Bitcoin investors are anticipating a rapid price movement once CME group launches its own Bitcoin futures contract this week. The Effects of Bitcoin Futures Bitcoin futures are currently one of the most popular topics in the Bitcoin and finance communities.  In the last couple of weeks, many investors and traders were eagerly waiting for Bitcoin futures to officially start trading. Last week,

    Upcoming CME Bitcoin Futures May Draw More Trading Volume

    | 2017/12/17 10:30 pm
  • The CME Group is ready to launch Bitcoin futures, and the cryptocurrency punctured the $20,000 USD resistance mark, both on December 17, 2017. The advent of Bitcoin futures and the spectacular growth in the cryptocurrency’s value are encouraging exchange-traded fund (ETF) providers to renew their efforts to obtain regulatory approval for vehicles that would track Bitcoin futures directly. Financial Entities Are Eager to Offer Bitcoin ETFs Potential ETF providers are now racing to obtain approval

    Bitcoin ETF Providers Rush to Get SEC’s Approval

    | 2017/12/17 8:00 pm
  • Japanese government approval and lucrative arbitrage opportunities set Japan up as one of the largest Bitcoin trader bases. Japanese retail investors are believed to account for as much as 30 to 50% of all cryptocurrency trading.  Japan’s share of the market can be attributed perhaps mainly due to recent crackdowns on cryptocurrency trading in South Korea and China, leaving Japan the lion’s share of, if not just Asian Bitcoin business, then the world’s. Japanese government

    Japanese Retail Investors Dominate Bitcoin Trading

    | 2017/12/17 12:30 pm
  • Shi Yuzhu, CEO of online game developer Giant Network has reportedly invested millions in OKCoin’s sole shareholder, effectively giving it a 10% stake in the online exchange. Word has emerged from China that Shi Yuzhu, CEO of Giant Network, has become OKCoin’s latest shareholder by way of a significant and widely anticipated investment in Beijing Oukai Lianchuang Network Technology Co., Ltd., which is OKCoin’s sole shareholder, holding a 100% stake in the company. According to

    Chinese Billionaire and Giant Network CEO Invests ‘Tens of Millions’, Acquires 10% Stake in OKCoin

    | 2017/12/16 7:00 pm
  • Jordan Belfort, who is the real-life inspiration for the ‘Wolf of Wall Street’ film, has branded Bitcoin a bubble and cautioned people that it is, in fact, a ‘scam’. Belfort, who has experience in running a scam and has the prison time to prove it, is yet another crypto critic who has labeled the world’s most popular digital currency a bubble. He added that the value of Bitcoin will also drop. In an interview with

    ‘Real Wolf of Wall Street’ Takes Up the Bitcoin Bubble Chant

    | 2017/12/16 5:00 pm
  • TD Ameritrade, like many other titans of the financial world, is also jumping on the Bitcoin bandwagon. Indeed, the giant securities brokerage services provider will start trading Bitcoin futures when the financial markets open on Monday, December 18, 2017. The Volume of Bitcoin Futures Trading To Surge For some time, Ameritrade had been monitoring whether there were sufficient liquidity and market efficiency for Bitcoin futures. Ameritrade leadership believes that these parameters are now optimal. According

    TD Ameritrade Starts Trading Bitcoin Futures on Monday

    | 2017/12/16 3:30 am
  • Goldman Sachs is asking traders to provide 100% margin on the bitcoin futures positions it’s clearing, reports suggest. Reports have hit the press this week that Goldman Sachs is demanding that certain clients stump up 100% margin on their bitcoin futures positions, with the potential for volatility in the underlying asset cited as the driving force behind the decision. On December 10, CBOE Global Markets Inc., which is one of the world’s biggest regulated exchanges,

    Goldman Sachs Won’t Offer Margin To Some Bitcoin Futures Traders

    | 2017/12/15 11:45 am
  • Germany’s major exchange Deutsche Boerse says it is still “considering” Bitcoin futures but is unable to say when they might launch. Europe’s Cautionary Stance In comments to local industry magazine WirtschaftsWoche Wednesday, a spokeswoman from the marketplace organizer said that Bitcoin’s “significant exchange rate fluctuations” were among the factors needing a solution prior to a potential release. “We’re considering Bitcoin futures which investors and institutional investors can use to hedge against Bitcoin or set against

    Deutsche Boerse ‘Still Considering’ Date On Bitcoin Futures

    | 2017/12/14 9:00 am
  • There have been a number of driving forces behind the Bitcoin boom of 2017. These include core improvements, hard forks, and recognition by institutional exchanges such as CBOE, CME, and Nasdaq. The more mainstream it becomes the bigger the FOMO (fear of missing out), and those driving the momentum in 2018 will be millennials. According to a report in the Independent, one in three millennials will be investing in cryptocurrencies by the end of next

    Millennials Driving Crypto Momentum in 2018

    | 2017/12/14 1:15 am