In the last three weeks, $150,000 worth of $50,000 Bitcoin Call Options (BTC) for the June and December 2021 strikes have been traded. The LedgerX Derivatives Exchange was used as an intermediary for these ultra bullish trades, but what could be the reason for this? There are good reasonsRead More →
The Bitcoin community has been juggling multiple reports and speculation in the last few weeks, all concerning the accumulation of BTCs on Grayscale, a development that in the minds of many represents the rise of institutional investors. However, hypnotized by such developments, people tend to forget the market’s relianceRead More →
I have said it often enough. We are in a “Borrower’s Paradise” and a “Fixed-Income Investor’s Hell.” For people and institutions that need yield and a cash-flow you can just about “Forget about it.” With the 10 year Treasury closing at 0.64% on Friday, we find the Bloomberg Treasury Index,Read More →
“ ‘If you don’t have a tail hedge, I suggest not being in the market we’re facing a huge amount of uncertainty.’ ” That’s “Black Swan: The Impact of the Highly Improbable” author Nassim Nicholas Taleb offering his view on the risks swirling in the market and a growing lack of clarityRead More →
Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network. The $186 million transfer came from a known Ethereum address and was laterRead More →
Investors have plowed money into a new exchange-traded fund that tracks the sports betting and online gambling industries, even as professional competition remains closed. It’s a sign, industry-watchers say, of confidence in the longer-term outlook for the sector, as well as a reminder that many people are substituting play inRead More →
It’s time to discuss one of my dividend holdings. I added Norfolk Southern (NSC) during the first-quarter sell-off. The stock continued to sell off and caused me to think if it might be a mistake. Good thing the stock has recovered nicely as earnings got a massive boost from efficiencyRead More →
The United States Securities and Exchange Commission (SEC) has halted activity of another alleged cryptocurrency-related scam stealing millions of dollars from investors. According to a SEC’s announcement on June 19, the authority has been granted a temporary restraining order and asset freeze against two Pennsylvania-based brothers allegedly running three cryptoRead More →
© Reuters. By Gina Lee Investing.com – Asian stocks were mostly up on Friday, with investors continuing to monitor rising numbers of COVID-19 cases in China and the U.S., alongside an uptick in U.S.-China tensions. Beijing announced 25 new cases on Thursday, bringing the total number of cases linked toRead More →
The economic calendar is normal, featuring housing data and retail sales. Everyone is also watching jobless claims for confirmation that employment is rebounding from the extremely depressed levels. With so many economic and market crosscurrents, it is a good time for investors to align their expectations with the time frameRead More →
Tales of out-of-work 20- and 30-somethings using coronavirus stimulus checks to scoop up stocks on Wall Street with reckless abandon are coming fast and furious, but the reasons behind the recent fervor for investing is, perhaps, far simpler. MarketWatch has written a bit about the rising influence of retail investorsRead More →
The founder of investment firm Wilshire Phoenix, William Herrmann, said his firm’s recently filed U.S. Bitcoin fund notably differs from anything else currently on the U.S. market, based on its Bitcoin price sourcing and involved third parties. In an email exchange with Cointelegraph, Herrmann didn’t mention Grayscale’s Bitcoin Trust byRead More →
© Reuters. New York Stock Exchange opens during COVID-19 By David Randall NEW YORK (Reuters) – As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally. Value stocks,Read More →
A new survey of about 800 institutional investors in the U.S. and Europe shows strong cryptocurrency adoption, particularly bitcoin. About 80% of institutions said they find cryptocurrency appealing, and 60% believe cryptocurrencies have a place in their portfolios. Crypto Appeals to 80% of Institutions Surveyed Fidelity Digital Assets, the cryptocurrencyRead More →
CME Bitcoin (BTC) futures and options markets expired on May 29, and despite a $100 hiccup, the price of the largest digital asset on CoinMarketCap held up nicely around the $9,400 level. As the market entered this last trading session, open interest for CME Bitcoin futures expiring in May wasRead More →
European stocks extended gains for a third day on Wednesday as investors looked past domestic unrest in the U.S., and took inspiration from data indicating more economic strength as global pandemic lock downs unwind. The Stoxx Europe 600 index SXXP, +1.42% rose 1.1% to 363.81, after closing up 1.6% onRead More →
Investors who participated in Tezos’s (XTZ) initial coin offering between July 1, 2017, and July 13, 2017, have been notified that they may be eligible for a share of the proposed $25 million settlement to an ongoing class-action lawsuit alleging securities violations. What may comprise the case’s final settlement hearing is setRead More →
If you’re an investor who doesn’t want to miss out on the next big trend, you had better pay attention to what’s going on in space. When people think about the space business, they may be excited that on Saturday the U.S. finally regained the ability to send people intoRead More →
The United States Securities and Exchange Commission (SEC) has ordered cryptocurrency firm BitClave to return $25.5 million to investors. In a May 28 announcement, the SEC announced charges against the California-based cryptocurrency startup. The regulator found BitClave to be responsible for selling unregistered securities in its initial coin offering. Chief ofRead More →
Popular demand for cryptocurrency has prompted Australia’s leading micro-investing platform Raiz (formerly Acorns) to add a bitcoin investment option. Individual investors can round up their spare change and regularly invest in a bitcoin investment portfolio. Leading Australian Micro-Investing App Now Offers Bitcoin Exposure Australia’s leading micro-investing platform Raiz announced onRead More →
© Reuters. Traders work on the floor at the NYSE in New York By Noel Randewich (Reuters) – Wall Street surged on Monday as investors hunted for bargains following reassurances by central banks that they stood ready to counter the economic impact from the coronavirus following last week’s steep sell-off.Read More →
Stock-index futures were slightly lower Wednesday after flipping between gains and losses as investors looked for a respite from a selling stampede that’s sent equities sharply lower over the past four days amid rising worries about the spread of COVID-19 outside of China. What are major indexes doing? Futures onRead More →
2/2 © Reuters. An investor is reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney, Australia 2/2 By Swati Pandey SYDNEY (Reuters) – Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirusRead More →
Here’s a market conundrum: A surging dollar doesn’t appear to be putting the brakes on an equity rally that’s pushed major U.S. indexes to all-time highs despite some periodic volatility tied to worries about China’s COVID-19 epidemic. A rapidly strengthening U.S. dollar can be a source of discomfort for stock-marketRead More →
The following segment was excerpted from this fund letter. Pinterest The digital advertising market continues to take market share from other forms and is evolving into a three-headed dragon in the form of Facebook (NASDAQ:FB), Google (NASDAQ:GOOG) (NASDAQ:GOOGL), and Amazon (NASDAQ:AMZN). There is a lot to be said for theRead More →
