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Tag Archives: cryptocurrency

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,…

BOE’s Carney Calls for Rules to End Cryptocurrency Anarchy John Lothian Newsletter,Newsletter

anarchy

First Read Don’t Blink, The Markets Are Changing Right In Front of Your Eyes; Eighteen Years Later, Another Inflection Point By John Lothian – JLN Eighteen years after the start of this newsletter, the markets and its participants face new challenges that make reading JLN today even more important, relevant and necessary to keep abreast of the latest disruptive challenges. Today we find ourselves at an inflection point in the markets, with a new generation of digital natives discovering whole new opportunities in the markets, billions of dollars pouring into potentially disintermediating fintech and intense global interest in all things…

Stock exchanges cast wary eye at threat from big tech; Cryptocurrency Firms Targeted in SEC Probe John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff From today’s Bloomberg piece This $1 Trillion Money Manager Just Joined the Crypto Frenzy, “shares in Taiwan Semiconductor Manufacturing Co., which manufactures chips for Nvidia Corp. and Advanced Micro Devices Inc., have climbed 34 percent since the beginning of 2017 and surged to a record in January.”~JK Did you know that Temenos Group AG, the Geneva-based banking technology company that has bid for Fidessa, is the fourth largest software firm in Europe? That, what “Temenos” means and more HERE~JK JPX reported that in February 2018, total derivatives trading volume was 40,059,157 contracts, a…

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…

Nearly Half of 2017’s Cryptocurrency ‘ICO’ Projects Have Already Died John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff A report from Deloitte showed that 9 out of 10 blockchain trials go nowhere. Only 8 percent of projects started still survive, with 92 percent of blockchain projects failing or started as an experiment, according to a blog post from Chris Skinner in thefinancer.com.~JK Steve Sears is leaving Barron’s after 12 years. Here is his last column, titled “Making a Friend of Fear.”~JJL Former John Lothian News intern Alison Fay is now a digital marketing specialist at Divi Resorts. Congratulations and best of luck to Alison as she starts her full-time career.~JJL I…

VIX VapoRubOut; VIX Funds Face Fresh Scrutiny From U.S. Regulators Newsletter,Options

Observations & Insight 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…

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….

China’s VIX Goes Dark; Hidden Corners of Credit Selloff; LJM fund lawsuit Newsletter,Options

Lead Stories China’s VIX Goes Dark as Government Clamps Down on Options Bloomberg News State-run index compiler stopped updating the gauge Thursday; Move is designed to curb options trading, people say China stopped updating its homegrown version of the VIX Index, taking another step to discourage speculation in equity-linked options after authorities tightened trading restrictions last week. State-run China Securities Index Co. didn’t publish a value for the SSE 50 ETF Volatility Index on its website Thursday. An employee who answered CSI’s inquiry line said the company stopped updating the measure to work on an upgrade. The move was designed…