• newspaper
    Asia & Australia,  Bitcoin,  Ethereum,  Latin America,  Media,  Ripple,  Tether

    Must-reads for August 31, 2018 (Labor Day Weekend): Ethereum futures, missing petros, useless bitcoins, Walmart robots, and more

    Here are the crypto stories you should be watching today

    Cboe, the exchange group behind the first market for bitcoin futures, is telling market makers that ether futures will soon be live (Business Insider) A source has told Business Insider that the CBOE, which launched the first U.S. regulated futures on bitcoin, is looking to launch an ether-based futures contract as soon as December. As of last week, the total open interest in the CBOE’s bitcoin contract equaled only 4,069 BTC, or a little more than $28 million.   Special Report: In Venezuela, new cryptocurrency is nowhere to be found (Reuters) The Venezuelan government’s much-hyped oil-backed cryptocurrency known as the petro is tough to find. It’s not in exchanges and…

  • NYSE
    Bitcoin,  Innovators

    NYSE parent company developing bitcoin trading platform, confidential documents reveal

    The Silk Road intersects with Wall Street

    Formerly associated with the underworld drug trade, the cryptocurrency market continues to gain credibility. Intercontinental Exchange, the American financial giant that owns and operates 23 different exchanges (including the New York Stock Exchange), is reportedly at work on a trading platform that would welcome large, institutional investors to buy and sell bitcoin. This revelation comes from confidential emails and documents unearthed by the New York Times showing that the company aims to follow suit with other established financial institutions (like Goldman Sachs and the Chicago Board Options Exchange) by throwing its hat into the crypto ring. If these plans are realized, then it’s like a Horatio Alger story about cryptocurrency…

  • bitcoin futures
    Bitcoin,  United States

    Institutional investors are now more bullish on bitcoin—at least when it comes to futures

    It’s not a lot but, hey, it’s something

    Large financial institutions may not be as negative on bitcoin as they were before while smaller investors might not be so bullish, according to the latest data from the Commodity Futures Trading Commission. The CFTC’s most recent Commitment of Traders (COT) report shows that asset managers and institutional investors—pension funds, insurance companies, and the like—have switched from being completely short bitcoin to long the cryptocurrency, at least when ti comes to the futures contract on the Chicago Board Options Exchange (CBOE). A “long” position means the investor owns the contract and is expecting prices to rise while a “short” means the contract was sold in anticipation of prices falling. The…

  • Retail investors
    Bitcoin,  Cryptocurrencies,  United States

    Dumb money keeps buying bitcoins from smart money, data comfirm

    Big financial institutions and money managers continue a bearish position in the cryptocurrency’s futures contracts

    “Smart money” continues to sell bitcoin to “dumb money”, according to the latest data compiled in the U.S. Commodity Futures Trading Commission’s (CFTC) Commitment of Traders report. Big financial institutions and money managers—with vast research and resources at their disposal—continue to hold positions in the cryptocurrency that will profit should bitcoin prices fall. They have been positioned that way since bitcoin contracts began trading more than three months ago. These institutions are net short some 1,833 contracts of bitcoin futures worth about $20 million on the Chicago Board Options Exchange (CBOE) as of February 27, 2018. A futures contract is an obligation for the “short” (the seller) to deliver on a…