Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund

The Los Angeles-based Wave Financial has announced the launch of a bitcoin derivatives-based yield fund and Fidelity will provide custody for the fund’s BTC reserves. Wave Financial’s crypto fund commencement is part of a growing trend toward launching BTC derivatives products. CME Group has also revealed the derivatives marketplace will provide options on its bitcoin futures during the first quarter of 2020. Also read: Fidelity’s Cryptocurrency Arm Starts Offering Institutional Investor Services Wave Financial Launches Bitcoin Derivatives Yield Fund Option strategies are becoming a popular trend within the cryptocurrency industry…

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Binance Research: Bakkt to Blame For September’s Bearish Performance

The crypto industry lost significant momentum during September. Binance Research claims that one of the potential reasons for this may have been people ‘selling on the news’ of Bakkt launching. Bakkt Launch Fell Flat Most notably, on September 23, 2019, Bakkt Bitcoin futures contracts started trading. However, what was hoped to be a groundbreaking moment for the market turned out to be a massive anticlimax. One of Bakkt’s promises is to bring institutional investors into the crypto market. For Bakkt CEO Kelly Loeffler, Bakkt launch represents “a milestone for the…

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Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money Discussed

Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central banks are contemplating even more unconventional methods of monetary policy like helicopter money to save the economy. Also Read: Money and Democracy: Why You Never Get to Vote on the Most Important Part of Society Rate Cuts, Negative Yeilding Bonds, Overnight Repos,…

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Bittrex, Coinbase and Kraken Set up Crypto Rating Council

The heavy hand of regulators has been stifling the growth of the cryptocurrency industry in the U.S. and caused innovators to flock abroad. In a bid to mitigate one aspect of this problem, major players have now created a joint system for rating what constitutes a security token. Also Read: International Crypto Exchange Luno Adds Bitcoin Cash Trading Uniting Against Regulatory Uncertainty A group of digital finance companies has announced the formation of the Crypto Rating Council, a member-operated organization created to help market participants comply with U.S. federal securities…

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Litecoin Price Analysis: LTC Poised For Bullish Reversal

Litecoin has recently broken out of a descending channel on the Bitcoin pair and looks poised for a bullish reversal as Bitcoin continues to create lower lows. Traders speculate Bitcoins decline could fuel a Litecoin pump over the coming days. Litecoin 1-Hour Price Analysis On the 1 hour chart for LTC/BTC we can see a wedge type pattern has formed as price levels re-test close to the breakout point of the descending channel which will be visible on the daily analysis below. Typically, price action will re-test any breakout point…

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Darknet Markets Are Thriving Despite the Mysterious Death of Dread

Obtaining reliable information about darknet markets (DNMs) is a constant struggle, given the propensity of news sites and forums to come and go. No sooner has one portal gained ascendancy than it’s been toppled by law enforcement or exited under mysterious circumstances. The recent disappearance of darknet forum Dread has left a gaping hole in the DNM community – and a host of unanswered questions. Also read: Despite Setbacks, Darknet Markets Show Continuous Growth in 2019 Hugbunter Flicks the Dead Man’s Switch Dread is dead. The darknet forum where buyers…

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Blockchain Transparency Institute: 64% of Tether is Used For Fake Trading

The Blockchain Transparency Institute (BTI) has collected the evidence for a long-running suggestion – that Tether (USDT) is used deliberately to sway crypto markets. Wash trading was noted in 64% of all trading activity. 34% of Tether Trading is Genuine Recent research conducted by the Blockchain Transparency Institute has identified some alarming figures regarding the amount of wash trading that takes place among the leading cryptocurrencies. By calculating the disparity between the reported and adjusted volumes of each crypto, the BTI have been able to pinpoint the exact amount of…

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You Could Have Bought Bitcoin At $13 And Still Lost Money – Here’s How

A sobering thought for those bemoaning losses from last week’s bitcoin price drop. You could have bought bitcoin in 2013 at $13 and still lost money… and lots of it. Such is the importance of the ‘rule of ten best days’, which states that, ‘excluding the ten best days each year, BTC has fallen 25% annually since 2013’. Rule Of Ten Best Days We were reminded of the ‘rule of ten best days’ by Thomas Lee of Fundstrat over the weekend, who sought to calm anybody at risk of panic-trading.…

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Binance Axes BitTorrent Token (BTT) Trading Pair and 29 Others

Binance went on a delisting spree, going as far as to eliminate the BTT/BTC pairing. Binance culled 30 trading pairs in total, without removing the actual assets. Binance Removes Launchpad Token Pairs The most significant removal was for BitTorrent Token (BTT). Now, BTT only trades in pairs against stablecoins Tether (USDT), Paxos Standard (PAX), USDC and TrueUSD (TUSD). The other price discovery market is Binance Coin (BNB). For BTT, the removal of the BTC pair may also remove some of the price pressures. BTT was one of the big disappointments…

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Major U.S. Crypto Exchanges Form Independent Ratings Council

Coinbase, Circle, Bittrex, Kraken, along with other major U.S. crypto exchanges and custody platforms have formed an independent rating platform for crypto tokens. Maker and Polymath are Most Likely Securities, Says CRC Dubbed the Crypto Ratings Council (CRC), the body reportedly evaluates cryptocurrencies to see if they classify as securities. According to its maiden ratings report, Maker (MKR) and Polymath (POLY) have the highest semblance of securities characteristics among all the 20 evaluated cryptos. Both tokens scored 4.5 out of a maximum of 5 points. Coinbase, Kraken, Poloniex, Bittrex etc…

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