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Tag Archives: Bitcoin

Risks of Crypto Exchanges; Wall Street Loses in Senate’s Reg Reboot; Beware Fintech Firms Bearing Bitcoin John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff See what our friend David Setters is doing protesting in the UK, in ITV’s piece Motor neurone disease patients protest in Westminster. Brave, focused and strong. Keep fighting, David. He issued a special thanks to Cathryn Lyall, Belinda Gooderham, Mark Thornberry, Thom Lant, Mark Gately, FCIM and MCIPR for coming out to support him that day.~JK Chuck Mackie and Rumi Morales were part of a Chicago SunTimes event last week, the story of which is, “Experts break down future of bitcoin, blockchain in Sun-Times discussion.”~JJL From the World Federation of Exchanges latest report,…

Would You Wait Six Months To Get A Bitcoin Account? TT’s Michael Unetich Outlines The Crypto Obstacles And Opportunities Ahead Blog,Feature,Interview

Michael Unetich is seeing cryptocurrencies from both sides – as a trader and now on the service side as vice president of cryptocurrencies at Chicago-based Trading Technologies. He joined TT last September, his second stint with the firm, and is helping it break into new territory. The firm signed a deal in January linking TT to Coinbase’s GDAX exchange. JLN’s Jim Kharouf sat down with him at FinTank’s CryptoCon event in Chicago last month to find out where this asset class is going and the many things it still needs to grow. Q: Where are we in the crypto markets?…

Global stock bulls still running, but a bit more tired: Reuters poll Newsletter,Options

Lead Stories Global stock bulls still running, but a bit more tired: Reuters poll Rahul Karunakar – Reuters Global stock markets will rise further in 2018, even as the era of low inflation, bond yields and volatility has come to an end and the rocket fuel behind a bull run that began in 2009 is running dry, a Reuters polls of strategists showed. reut.rs/2FCialP Hedge funds gain another avenue to bet against bitcoin Seema Mody – CNBC As institutional demand grows for cryptocurrencies, Genesis Global Trading is launching a digital currency lending business called Genesis Capital to enable investors to…

Self-Proclaimed Bitcoin Inventor Accused of Swindling $5 Billion of Cryptocurrency John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Today is the 10th anniversary of the Nasdaq OMX deal that transformed Nasdaq and set the foundation for its timely position as a leading purveyor of financial technology around the world. The OMX deal gave Nasdaq a global exchange and clearing technology business. It helped Nasdaq put down permanent roots in Stockholm, where Nasdaq before had had difficulty establishing a permanent beachhead in Europe. For me, it always seems Nasdaq was trying to match the moves of NYSE in a game of catch-up. However, with the OMX deal, that changed. And now with…

Fed’s Dudley Warns on Dangerous ‘Speculative Mania’ Around Cryptocurrencies John Lothian Newsletter,Newsletter

bitcoin 100 bill

First Read FCMs Big And Small Suffer Major Losses On Latest Black Monday Jim Kharouf – JLN On February 5, the historic trading day when the Dow Jones Industrial Average fell 1,175 points and the S&P 500 plunged 113 points, many customers suffered significant losses which forced several futures commission merchants to cover those deficits. The severity of the losses on that day was reflected in major drops in FCM customer segregated funds, some to alarming levels. Among the biggest shocks was at RBC Capital Markets, which on February 5 posted a deficiency of funds in segregation of $1.13 billion….

Amazon is taking over the stock market, too; U.K. starts cryptocurrency inquiry; France clamps down on crypto John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff What do you call a computer that sings? Adele. H/T Alexa.~JJL LME is launching an Introduction to Physical Trading and Warehousing course in London this March.~JJL A tidbit from yesterday’s JLN Options newsletter – the CIO for the Hawaiian pension fund that got burned selling puts is no longer with the fund.~SD According to a study by Credit Suisse and the London Business School, rare books have a seven fold return since 1900. Meanwhile, classic cars have 242 fold returns. But how are my comic books doing?~SD Registration is now open for the…

Temenos and Fidessa forge banking software tie-up; Ex-CFTC Counsel Is Likely Pick for Dem Slot John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Correction/Clarification: A clarification on an item in Monday’s JLN: DRW Cumberland’s Bobby Cho said Cumberland’s proportion of crypto-to-crypto trades now represents about 25 percent of its trades, versus crypto-to-fiat trades, meaning that counterparties now increasingly want to trade bitcoin to ethereum (or some other crypto combination), whereas in the past it was predominantly bitcoin to dollar (or other fiat currency). The item could have been interpreted as crypto trades account for 25 percent of all DRW trading, which is inaccurate.~JK The CFTC collected $413 million in fines last year, which means an investment…

Temenos in advanced talks to buy Fidessa; Congress sets sights on cryptocurrency rules; Bitcoin surges John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff This Thursday in Chicago, the FIA will hold its 2018 Annual Meeting & Washington Update where Walt Lukken will mention CQG’s Pat Kenny at least three times during his remarks. That is just my prediction.~JJL This year’s FIA International Conference in Boca Raton, Florida will be the 43rd. The FIA Law and Compliance Division Conference on May 2 to 4 in Washington, DC will be its 40th.~JJL Trading Technologies’ annual Tennis Tournament benefiting Futures For Kids will be held on March 13th at FIA Boca. Sign up here.~JK Euronext is participating in the…

Market’s $3 Trillion Trauma; FCA and CFTC to collaborate on fintech innovation; Euronext Plans More Acquisitions John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Welcome to Presidents’ Day in the U.S. This is the day when U.S. Presidents have historically taken the day off from Twitter. Just kidding. But it is the day we are not going to publish JLN Options and the JLN staff gets the rest of the day off. Have a great day!~JJL Last week’s CryptoCon 2018 produced some interesting insights into the cryptocurrency space. DRW Cumberland’s Bobby Cho and Jim Radecki revealed just how large that operation is today, with crypto trades representing about 25 percent of DRW’s trades on 30 different currencies…