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Author Archives: Jeff Bergstrom

About Author

Bergstrom is chief information officer of John J. Lothian & Co. He edits MarketsWiki and JLN Options.

TP ICAP fires chief Phizackerley as it warns on higher costs Standard

tp icap

First Read EU Parliament and ECB Taking a Look At Cryptocurrencies Thom Thompson – John Lothian News Last week, which admittedly was a slow financial markets news week, headlines in the cryptocurrency press announced that a new EU report told officials not to ban bitcoin. Blockchain News said the report “. . . blasts economists who criticize cryptocurrencies.” There was no blasting. While the report prepared by an EU policy department did provide some sound bites, it was one of five reports about central bank monetary policy toward virtual currencies that the EU Parliament had requested. If the briefing papers…

Another Option (Literally) for Trading with TT: Introducing Options on TT Standard

Observations & Insight Boris Johnson quits to add to pressure on May over Brexit BBC Boris Johnson has resigned as Foreign Secretary amid a growing political crisis over the UK’s Brexit strategy. He is the second senior cabinet minister to quit within hours following Brexit Secretary David Davis’s exit. /goo.gl/GXNwnM ****SD: Wow. Just wow. Lead Stories Another Option (Literally) for Trading with TT: Introducing Options on TT Bernie Schwartz – TT Last month, buried far beneath headlines on widely covered legislative battles, a relatively minor bill quietly made its way out of the U.S. House Financial Services Committee and onto…

China’s The Blockchainer Bags Millions in Fresh Investment Standard

crypto markets update 2

China’s The Blockchainer Bags Millions in Fresh Investment Komfie Manalo – Cryptovest.com The Blockchainer has raised “tens of millions” of yuan from blockchain-focused fund management firms, with the money intended to support the global expansion the Shanghai-based blockchain services provider plans to undertake this year, the China Money Network reported. /jlne.ws/2KUUVZu World’s Largest Bank Eyes Faster Asset Exchange With Blockchain Wolfie Zhao – Coindesk The Industrial and Commercial Bank of China (ICBC), one of China’s “Big Four” state-owned commercial banks and one of the world’s largest by total assets, is seeking to patent a blockchain system for the exchange of…

If Faith in Democracy Ebbs, Danger Rises Standard

statue of liberty

First Read Hits & Takes JLN Staff Today we begin the MarketsWiki Education World of Opportunity series in New York at Thomson Reuters. Thank you to our sponsors, Thomson Reuters, Nasdaq, Cboe Global Markets, CME Group and The IFM, for helping us put on this series.~JJL Steve Ditko, the comic-book artist who helped create Spider-Man, died at the age of 90. I am big Spider-Man fan and I guess my kids are too. When my daughter called Friday to tell me she was headed to the hospital in West Virginia with a spider bite, my son Robby’s reply to his…

World’s Largest Crypto Exchange Eyes $1 Billion Profit Amid Rout Standard

World’s Largest Crypto Exchange Eyes $1 Billion Profit Amid Rout Cindy Wang – Bloomberg This year’s cryptocurrency crash has saddled bulls with billions of dollars in losses, but the world’s largest virtual currency exchange is still making money hand over fist. /jlne.ws/2KyHoqW Crypto Thefts Triple, Driving Growth in Coin Money-Laundering Olga Kharif – Bloomberg ‘Whole new generation of cyber criminals’ is emerging; Regulators are likely to crack down, CipherTrace CEO says Criminals are stealing more cryptocurrency from exchanges, and that’s driving growth in a cottage industry of services that allows for money laundering of coins, according to a new report….

Cryptocurrency Virtually Outlawed in India as Top Court Backs Ban Standard

crypto markets update 2

Cryptocurrency Virtually Outlawed in India as Top Court Backs Ban Upmanyu Trivedi and Rahul Satija – Bloomberg Supreme Court says central bank directive to remain in effect; RBI had ordered banks to stop dealings with crypto firms India’s top court refused to overturn a central bank ban on lenders from dealing in cryptocurrencies, a move that effectively outlaws the nascent industry in Asia’s third-largest economy. /jlne.ws/2KPUgoO Crypto Thefts Triple, Driving Growth in Coin Money-Laundering Olga Kharif – Bloomberg ‘Whole new generation of cyber criminals’ is emerging; Regulators are likely to crack down, CipherTrace CEO says Criminals are stealing more cryptocurrency…

The Declaration of Independence – July 4, 2018 Standard

Fourth of July

First Read Dear Readers: Every July 4th JLN has made it a tradition to publish the Declaration of Independence and ask readers to take a few minutes to re-read this important document. Our publication of the declaration is not a partisan political statement, but a unifying one. It is one in which men from different colonies came together to pledge their lives, fortunes and sacred honors to each other for the purpose of creating this great nation. We owe them a few minutes of our time to read or re-read their declaration. Please have a happy Fourth of July as…

Illegal Crypto Stock Sales Lead SEC to Settle With Nevada Men Standard

SEC

Illegal Crypto Stock Sales Lead SEC to Settle With Nevada Men Chris Dolmetsch – Bloomberg Two Nevada men agreed to settle a lawsuit by securities regulators that accused them of profiting from illegal sales of a Hong Kong company that surged more than 900 percent last year. /jlne.ws/2Nlk9OX Survey Shows 40% of Canadians Have Sold Their Cryptocurrency NewsBTC A recent study investigating the investments habits of Canadians found that 40% of Ontario’s resident investors have sold their cryptocurrency holdings. /jlne.ws/2KCtbst Brokers Could Bring Billions to the Crypto Markets Viraj Shah – [blokt] – Blockchain, Bitcoin & Cryptocurrency News The democratic,…

Monster ICO has bedbugs, CorpFin says in first public letter Standard

crypto markets update 2

Monster ICO has bedbugs, CorpFin says in first public letter Anne Sherry – Wolters Kluwer As it promised it would do earlier in the month, the SEC has published the first “bedbug” letter on EDGAR. The letter from staff of the Division of Corporation Finance concerns a proposed token offering by Monster Products, Inc. Rather than engage with the registrant through the comment letter process, the staff explained that Monster’s Form S-1 contains such serious deficiencies that CorpFin will not perform a detailed examination of the filing. /goo.gl/EixXq9 Blockchain provider to launch crypto exchange this month; Trade.io readies for launch…