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

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‘Human ATM’: Flash Cryptocurrency Releases Peer-to-Peer Functionality for Mobile

Flash is a lesser-known Scrypt-based cryptocurrency which has a growing presence in Venezuela and Africa. It is not designed to be a proof-of-work system, although it uses mining to verify transactions and secure the network, but instead focuses on transactions which can settle in a matter of seconds. Their mobile wallet recently integrated a “human

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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

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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

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The Big Short: Former IMF Economist Finally Closes Year-Old Bitcoin Short

A year ago today, Bitcoin peaked at $19,511. Former International Monetary Fund economist and Pharo Senior Risk Trader Mark Dow made an unpopular bet not long thereafter: Bitcoin would not sustain its growth and the price would slip from there. He entered a short position and rode his intuition all the way to the bank,

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Denmark’s Tax Agency Targets 2,700 Nationals for Hiding Bitcoin Trades

Skattestyrelsen (SKAT), the Danish tax agency, has accelerated crackdown against a large number of nationals who secretly traded bitcoin on a Finnish crypto exchange. According to information shared by the Swedish Tax Agency, a total of 2,700 Danes purchased circa $5.80 million worth of bitcoins from the exchange but sold them back for $6.1 million in

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Israel’s Tax Body Aggressively Pursuing Cryptocurrency Tax Evaders

The tax-collection agency of Israel is targeting cryptocurrency traders and investors in an aggressive push aimed at stemming tax evasion. According to the financial daily Calcalist, the Israel Tax Authority (ITA) has taken stern measures aimed at nabbing those suspected of not reporting gains made from cryptocurrency investments and trading. Some of the measures taken

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Japan to Force Crypto Exchanges ‘Tell on’ Suspected Tax Evaders

The Japanese government is seeking to impose measures aimed at preventing cryptocurrency traders and investors from evading taxes on the income generated from trading these assets. According to The Mainichi, the measures would see the country’s tax body, the National Tax Agency (NTA), empowered to demand that cryptocurrency exchanges provide information concerning clients who are

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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

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Wealthbuilding Guru Says Bitcoin Hodlers Have a ‘Problematic Mindset’

Ramit Sethi, author of the bestselling “I Will Teach You to Be Rich” has taken a swipe at crypto hodlers, suggesting that their investment strategy is fundamentally faulty because it is based on emotional identity instead of rational analysis. In his opinion, the reason many crypto investors insist on suffering through bad market periods is

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