Bitcoin Rallies Strongly as a $30bn Dump Rattles US Stock Futures
Bitcoin prices rose aggressively heading into the European session Monday, breaking above $58,000 as traders pinned their hopes on another all-time high milestone ahead. The benchmark cryptocurrency was changing hands for $58,146 at 10:18 UTC, up 4.25 percent from its intraday open. A record expiry of $6 billion worth of options contracts on Friday helped […]
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A penny stock tied to a little-known bitcoin company and a slew of WhatsApp spam messages were at the heart of a pump-and-dump scheme last week. As reported by The Awl, WhatsApp users received messages on 21st August stating that traders from major Wall Street investment banks including JPMorgan, Morgan Stanley and Goldman Sachs were about to buy stock in Avra, Inc (OTCQB: AVRN), a company that, according to its website, sells bitcoin ATMs and point-of-sale solutions. Pump and dump spam on WhatsApp? pic.twitter.com/3BCVnIzHNC. - Noah McCormack (@noahmccormack) August 21, 2015. The messages....
The Ukraine Stock Exchange has announced it will start selling Bitcoin futures due to “quite high interest” in the country. Ukraine Trades Brent & Bitcoin. Trading authorities made the statement along with news that Brent crude futures will also be offered. Trading will begin December 19. “This became possible after the National Securities and Stock Market Commission registered specifications of futures contracts and exchange in the stock market legislation,” a statement quoted by local news resource Unian reads. Commenting on the introduction of Bitcoin futures, stock exchange traders....
Bitcoin has undergone a strong surge over the past few weeks, strongly outperforming gold. The price of the leading precious metal has actually dropped strongly over the past few weeks, underperforming the stock market and BTC massively. Many think that it is Bitcoin that may be sucking the wind out of the sails of gold. […]
One of the world's largest Bitcoin exchanges, OKCoin, has just announced yet another service they will be adding for their Bitcoin traders - futures. Futures allow for traders to hedge their risk when dealing with high levels of volatility, which is one of the largest challenges Bitcoin faces at this time. Futures trading is something offered on most stock brokerage service such as E*Trade or TDM Ameritrade, and is now coming to the Bitcoin arena. OKCoin's futures trading allows traders to "lock in" future prices to buy their coins. Futures are legally binding agreements between two....
B3, the Brazilian stock exchange, will begin trading bitcoin futures contracts within the next three to six months and hopes to offer crypto-based services.