A large bitcoin options trade anticipates a shift from the present low-volatility regime to a period of heightened price swings, potentially exceeding the $53,000-$87,000 range. The trade saw the entity pay a net premium of over $1 million to purchase 100 contracts of the $66,000 strike call and put options expiring on Nov. 29, according to data confirmed by Lin Chen, head of business development Asia at Deribit. A long straddle is preferred when the market is expected to move far enough in either direction to make the call or…
Category: ICO
Criminal record and suspended prison sentence handed to former RAC employees for stealing personal information
Two former RAC employees have been handed a suspended prison sentence and ordered to complete 150 hours of unpaid work, for unlawfully copying and selling over 29,500 lines of personal information. Debbie Okparavero, 61, of Salford and Maliha Islam, 51, of Manchester, worked as customer service specialists at the RAC’s call centre in Stretford. Their unlawful conduct was discovered by, and reported to the ICO, the RAC after it installed new security monitoring software. The software showed Okparavero had unlawfully accessed and copied personal information relating to people involved in…
Bitcoin (BTC) Options Trader Pays $1M Premium on Bet for Volatility Surge
The trade, a so-called long straddle, saw the entity pay a net premium of over $1 million to purchase 100 contracts of the $66,000 strike call and put options expiring on Nov. 29, according to data confirmed by Lin Chen, head of business development Asia at Deribit. Source
Changes to our services for businesses
We are committed to modernising our service and investing in tools that enable us to give time-pressed businesses access to our advice and expertise 24/7. From 11 October, we will be piloting some changes to the way we provide support to businesses. Instead of first calling our phone line, businesses can access a wide and growing range of online resources to get the certainty they need on any data protection concerns. Our expert advisers will still be on hand to provide businesses with additional support via the live chat facility…
Cathie Wood's ARK Invest Buys $2.2M of Coinbase Shares
ARK added 12,994 COIN shares to its Fintech Innovation ETF in its first purchase of Coinbase stock since Sept. 11. Source
Gains Ahead as Stablecoin Liquidity Crosses $169 Billion
The dominant players remain Tether’s USDT, whose market cap increased by $28 billion to nearly $120 billion with 71% of the market share, and Circle’s USDC, which recorded a market cap rise of $11 billion to $36 billion, a 44% increase YTD, with a 21% market share. Source
Crypto Majors BTC, ETH, XRP Little Changed as HBO Calls Peter Todd the Bitcoin Creator
The HBO documentary “Money Electric: The Bitcoin Mystery” sparked significant interest and speculation in the cryptocurrency community about the identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, in the past week. Nakamoto’s true identity, in theory, could be a sudden volatility-boosting event for crypto markets, and past attempts have been unfruitful. Source
The DPRK's Deep Roots in Crypto
Last week, CoinDesk’s Sam Kessler reported that developers and IT workers employed by the Democratic People’s Republic of Korea – i.e. North Korea – had managed to get themselves hired by a number of crypto projects, giving them two different ways of raising funds for the national regime. Source
Bitcoin Wavers at $62K Amid Major Swings in Stocks, Gold; Memecoins Falter as Profit-Taking Sets In
Traditional risk assets like stocks surged while gold and oil tumbled, but cryptos didn’t get the memo. Source
Former Bitcoin Dev Peter Todd Denies He’s Satoshi Hours Before HBO Documentary Airs
Though an early Bitcoin developer and someone deeply involved in the early years of Bitcoin, Todd has never been a prime suspect in journalists’ years-long hunt for Satoshi. Figures like Hal Finney, Nick Szabo, and Back are most frequently suggested to be the creator of Bitcoin, though all have denied it. Source