Bitcoin Price Will Tank Below $3,000, Says Trader Who Predicts Mass Sell-Off

The bitcoin price will crater below $3,000 amid a mass sell-off. That’s what futures trader Anthony Grisanti predicts about the ongoing Crypto Winter. “I’m looking for a move down to $3,000, which would represent a real weakness in this market,” Grisanti told CNBC. “It could be the driver that gets people to bail out of this and

The post Bitcoin Price Will Tank Below $3,000, Says Trader Who Predicts Mass Sell-Off appeared first on CCN

Hong Kong Crypto Exchange to Offer Bitcoin Futures with 20x Leverage

Hong Kong-based crypto exchange Coin Futures and Lending Exchange (CoinFLEX) has announced that it will be providing futures contracts for cryptocurrencies to Asian investors as from February 2019. CoinFLEX was launched in February 2018 as CoinfloorEX, a division of Coinfloor, the oldest British Bitcoin exchange. However, the venture has now announced that it will be breaking

The post Hong Kong Crypto Exchange to Offer Bitcoin Futures with 20x Leverage appeared first on CCN

Breaking: Bakkt Raises $182 Million, What it Means for the State of Bitcoin Industry

Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch

The post Breaking: Bakkt Raises $182 Million, What it Means for the State of Bitcoin Industry appeared first on CCN

How Bakkt Could Affect the Bitcoin Price Unlike Existing Futures Markets

Bakkt, a Bitcoin futures market operated by ICE, the parent company of the New York Stock Exchange (NYSE), is close to receiving a green light from the U.S. government. As CCN reported on December 21, Bakkt has been working with the Commodities and Futures Trading Commission (CFTC) to have its business plan approved, which revolves

The post How Bakkt Could Affect the Bitcoin Price Unlike Existing Futures Markets appeared first on CCN

Pending Approval: Bakkt’s Futures Contract Is Set to Be Launched

Bakkt‘s Bitcoin (USD) Daily Futures Contract, the physically-settled daily futures contract, is quite close to getting the green light from the authorities, according to reports on the Wall Street Journal (WSJ). The exchange has been working with the Commodity Futures Trading Commission (CFTC) to ensure its business plan is compliant with the agency’s regulatory framework. A

The post Pending Approval: Bakkt’s Futures Contract Is Set to Be Launched appeared first on CCN

Bitcoin Futures Manipulation: How it Works and How to Reduce It

The markets were euphoric. The community was cheer-leading the imminent launch of Bitcoin futures first on the CBOE and then on the CME. Bitcoin reached its all time high. They saw this as an indication that institutional investors were just around the corner and that Bitcoin was about to “moon.” Fast forward to today and the

The post Bitcoin Futures Manipulation: How it Works and How to Reduce It appeared first on CCN

Nasdaq to Launch ‘Bitcoin Futures 2.0’ in Early 2019

Nasdaq — the world’s second-largest stock exchange — plans to roll out bitcoin futures in the first quarter of 2019 through a partnership with investment management firm VanEck. Gabor Gurbacs, VanEck’s director of digital asset strategy, said the companies will launch a variety of bitcoin derivatives in early-2019, including a “regulated crypto 2.0 futures-type contract.” Gurbacs

The post Nasdaq to Launch ‘Bitcoin Futures 2.0’ in Early 2019 appeared first on CCN

Newsflash: NYSE Owner Delays Bakkt Bitcoin Futures Launch to 2019

It looks like the crypto markets may not get a December boost from Wall Street after all. Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), on Tuesday announced that it would delay the launch of its much-anticipated bitcoin futures product until at least Jan. 24, 2019. That product, the Bakkt Bitcoin

The post Newsflash: NYSE Owner Delays Bakkt Bitcoin Futures Launch to 2019 appeared first on CCN

Bitcoin Futures Volatility Hit Record Low in October: CBOE

Bitcoin has been unusually stable in recent weeks, and the decrease in volatility has now reached historic levels in the futures markets. Bitcoin Volatility Hits Record Level in Futures Markets That’s according to Kevin Davitt, senior instructor for The Options Institute at CBOE Global Markets, who said that Chicago-based derivatives exchange saws record low volatility

The post Bitcoin Futures Volatility Hit Record Low in October: CBOE appeared first on CCN

Goldman Sachs is Signing up Customers for its Bitcoin Trading Product: Report

Investment banking giant Goldman Sachs has quietly begun signing up a limited number of customers for its yet-to-launch bitcoin trading product. Citing a source familiar with the matter, The Block reports that the 149-year-old Bulge Bracket bank has onboarded a “small number of clients” to actively trade the derivative, a non-deliverable forward, which is a

The post Goldman Sachs is Signing up Customers for its Bitcoin Trading Product: Report appeared first on CCN