Tag: Futures

Bitcoin price fills CME futures gap but forecasts say $25K may be next

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Bitcoin (BTC) hit new intraday lows on April 21 as traders warned that $25,000 might come next. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $25,000 BTC price would be “absolutely fine” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to preserve $28,000 as support on Bitstamp. The pair looked “weak,” in the words of one analyst, as overnight events failed to resurrect any sign of its previous uptrend. #Bitcoin is currently showing weakness. Broke back in the range, lost one of the crucial levels. Final crucial level is at…

Commodity Futures Trading Commission (CFTC) Adviser Chris Perkins Says the U.S. Risks Falling Behind in Crypto

“Other countries are starting to recognize the opportunity and are springing into action,” said Perkins in an interview. “CoinFund just sent a team to Hong Kong,” he continued. “It’s buzzing right now. Government officials are actually going to conferences and encouraging adoption at this point in Hong Kong as they open back up. Meanwhile, MiCA has arrived and the U.K. is springing into action, acknowledging that the Europeans are moving on MiCA.” Source AdviserCFTCChrisCommissionCommodityCryptofallingFuturesPerkinsRisksTradingU.S CryptoX Portal

Stock Futures Advance Ahead of Big Week for Bank, Corporate Earnings

Stock futures in the US climbed as investors brace for a crucial week of quarterly earnings from several large companies across sectors. Wall Street stock futures moved higher amid anticipation of more big bank earnings this week. On Sunday, stock futures tied to the S&P 500 climbed 0.16%, or 6.5 points, with the Nasdaq 100 futures increasing by 0.06%. In addition, futures tied to the Dow Jones Industrial Average (DJIA) also advanced 0.13% or 43 points. The banking sector got off to a commendable start, with heavyweights Wells Fargo (NYSE: WFC) and JPMorgan Chase (NYSE: JPM) surpassing expectations.…

CFTC chair says Binance intentionally broke rules concerning futures, commodities

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Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), recently spoke out about the allegations levied against Binance, claiming that the beleaguered cryptocurrency exchange’s leadership knowingly operated outside of U.S. laws governing the exchange of commodities and futures.  Speaking at a fireside chat that took place at the DeCenter Spring Conference at Princeton University on April 14, Bloomberg reports that Behnam told those in attendance that Binance leaders had intentionally flouted the rules concerning operations, including knowingly allowing U.S. citizens to participate on the exchange through the use of…

London Stock Exchange’s LCH SA to Clear Bitcoin Futures and Options on GFO-X Through New Service – Bitcoin News

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On April 13, 2023, the London Stock Exchange’s LCH division, a clearing house group serving major international exchanges and a wide range of over-the-counter (OTC) markets, announced its plans to offer clearing of bitcoin index futures and options contracts traded on GFO-X. Frank Soussan, the business lead at LCH Digital Asset Clear, stated during the announcement that “bitcoin index futures and options are a rapidly growing asset class.” LCH SA’s Move to Clear Bitcoin Futures and Options Contracts Reflects the Growing Interest Among Institutional Market Participants A division of the…

London Stock Exchange To Offer Clearing Of Bitcoin Futures And Options

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The London Stock Exchange will soon offer clearing services for Bitcoin futures and options. The BTC index derivatives clearing will be made available through the group’s clearing subsidiary LCH. LCH will provide clearing for cash-settled BTC index derivatives on the UK-based GFO-X exchange.  The London Stock Exchange Group has announced its plans to offer the clearing for Bitcoin index futures and options. As the world’s eighth-largest stock exchange, the LSE Group will facilitate the trading of BTC futures and options through its clearinghouse subsidiary LCH.  Bitcoin index derivatives on FCA-regulated…

Argentina approves a bitcoin futures index settled in pesos

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Argentina has approved what they say is the first regulated bitcoin futures index in Latin America. A bitcoin futures index launched in Argentina The National Commission of Value (CNV), Argentina’s securities regulator, said the index would debut on the Matba Rofex with bitcoin futures contract trading set for May 2023. The exchange was officially approved on April 11. The launch of the bitcoin futures index is part of Argentina’s strategic innovation, which was announced in Q1 2022. The objective of this plan is to permit public-private collaboration for the release of innovative…