According to CoinDesk, LedgerX has launched the first physically-settled Bitcoin futures contracts in the US. The news comes at a time when Intercontinental Exchange’s Bakkt and TD Ameritrade’s ErisX have struggled to launch amid regulation issues. LedgerX Launches Bitcoin Futures Contracts LedgerX is now the first Bitcoin futures provider in the US that offers physical
A Canadian judge approved more than $1.6 million in fees for firms that are seeking to recover funds from the now-defunct Canadian crypto exchange QuadrigaCX. Nova Scotia Supreme Court Judge Darlene Jamieson ruled Wednesday that all activities undertaken and fees incurred by Ernst & Young (EY), Stikeman Elliot (EY’s legal counsel), Kirkland & Ellis (EY’s
The Home Improvement Research Institute is bullish on 2019, according to its latest findings released last week, and supported by other industry professionals and watchers. According to HIRI’s quarterly Project Sentiment Tracking Survey of 3,000 homeowners, this is what’s ahead for the rest of the year. Kitchens are projected to be among the top spaces
Leon Cooperman Scott Mlyn | CNBC President Donald Trump is trying to boost stock market gains as he seeks reelection in 2020, billionaire investor Leon Cooperman told CNBC on Wednesday. “The president is very intent on getting the stock market up,” said Cooperman, who runs Omega Advisors. “My guess is we’re doing a lot of
View Bitcoin’s three-day chart is reporting a golden cross, a long-term bull market indicator, for the first time since February 2016. A similar crossover seen six months ahead of the August 2016 mining reward halving paved way for a mega bull run. History may repeat itself with mining reward halving due in less than 12
Preston Hollow Capital LLC’s private lending business tanked after Nuveen warned banks to shun the firm or lose its business — a threat Nuveen says was exaggerated simply to get bankers’ attention. Those were the positions staked out as the conflict between the Chicago-based investment powerhouse and the newer and smaller Texas-based purveyor of direct
Traders work on the floor at the New York Stock Exchange, June 5, 2019. Brendan McDermid | Reuters Tuesday marks the halfway mark — more than half of the S&P 500 has reported second half earnings. The good news: 1) Second quarter earnings are providing few surprises — earnings are beating estimates by the usual
Apple CEO Tim Cook greets customers as they prepare to purchase a new iPhone X at an Apple Store on November 3, 2017 in Palo Alto, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Share of Apple rose more than 4% in after-hours trading after the tech giant reported
The US-based crypto exchange Kraken is rolling out new funding options for five major fiat currencies. In order to do so, the exchange has partnered with Etana Custody. Let’s check this out. Kraken’s New Funding Options Yesterday, July 29, the crypto exchange put out an official announcement saying that it will offer new funding options
Bitcoin wallet and blockchain explorer provider Blockchain just launched its first exchange platform. Blockchain’s head of retail products, TD Ameritrade alum Nicole Sherrod, told CoinDesk the custodial exchange, called the PIT, can connect to non-custodial Blockchain wallets for nearly instant transfers. Registration opens today, with the ability to trade up to 26 assets rolling out over
Minted x Samsung Lyrical by Sarah McInroe Minted In recent years, television technology has rapidly improved. Screens are clearer and larger. Colors are truer and brighter. Units are thinner and designed to be to less obtrusive. But no matter which make and model you choose, whether it is sitting on top of an entertainment center
A realtor, right, walks with potential home buyers as they tour the property of a home for sale in Sparland, Illinois. Daniel Acker | Bloomberg | Getty Images The recent weakness in the housing market could be turning around, thanks to a steep drop in mortgage interest rates. Consumers signed more contracts to buy existing
Mario Gabelli Scott Mlyn | CNBC Shares of RPC, Inc., a small oil and gas company based in Atlanta, jumped following positive comments from billionaire investor Mario Gabelli. “I’ve been following it for 50 years,” Gabelli told CNBC’s “Halftime Report ” of the stock, which closed Monday at $5.54 a share. “If you look at
The muni market will slow down this week, as all markets and investors are waiting to see how much the Fed will cut interest rates on Wednesday. Will it be 25 basis points or 50? Volume is tempered this week due to the scheduled Federal Open Market Committee Meeting but at an estimated $4.9 billion
Packages of Beyond Meat plant-based burger patties are displayed for a photograph in Tiskilwa, Illinois, April 23, 2019. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Beyond Meat fell 13% in after-hours trading after the company announced a secondary offering of 3.25 million shares. The
Once again, Bitcoin price has fallen below $10k per coin. The largest digital asset by market cap has shocked investors in the last few months with rallies that saw the coin reach highs of over $13,500 in value. The surge in price has led to multiple discussions on Bitcoin’s future potential as it once again
View Bitcoin dipped to $9,111 over the weekend, forming a bearish candle, despite a quick bounce back above $9,600. For the sixth day in a row, prices continue to trend below the 50-period moving average – an indication the bears firmly control the short-term trend. The daily and weekly RSI and the “awesome” oscillator are
The Castle, asking $75 million Unvarnished “I’m not a big fan of walking through the front door and giving up the water right away,” says designer Scott Gillen. He’s referring to the design intent behind his latest project, The Malibu Series—a collection of 12 homes throughout Malibu which total over $500 million in combined asking
A scientist at Gilead Sciences analyzes patient antibody levels at the Gilead laboratory in Foster City, Calif. David Paul Morris | Bloomberg | Getty Images Now is a good entry point into Gilead’s stock as the company begins to stabilize, while still trading at a discount to its peers, according to RBC Capital Markets. The
The creditworthiness of the U.S. government will be intact for two years and the flow of federal aid to state and local governments will be assured under the two-year budget deal expected to be approved by the Senate and sent to President Trump for his signature. Speaker Nancy Pelosi, D-Calif., at her weekly news conference
Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on “Monetary Policy and the State of the Economy” in Washington, July 10, 2019. Erin Scott | Reuters The Fed is expected to move ahead to cut interest rates by a quarter point Wednesday after second quarter GDP shows inflation is still
In 2017, during the cryptocurrency bubble, a number of projects launched tokens for a wide range of payments. It was easy because what was needed to raise millions of dollars through an initial coin offering was just an idea. During the period, Ethereum and its native token Ether (ETH) reached a record high because of
The Takeaway: The charity arm of Binance was reportedly financed late last year by donations of at least $13 million. A company spokesperson said, “the donated amount does not include the total committed funds.” Less than half of the donations made to the Binance Charity Foundation (BCF) are accounted for on BCF’s website, which shows
Marine Lance Corporal John Curtin and his family. Nicole Hill Gerulat When the Americans with Disabilities Act (ADA) became a law 1990, it ensured legal rights across a variety of areas from employment to education, transportation and public accommodations in commercial buildings. While it addressed many major issues, one area where people with disabilities and their families
A trader on the New York Stock Exchange. Brendan McDermid | Reuters Critics of passive investing argue it is inflating the prices of high-flying stocks such as Amazon and creating a bubble in those names. However, data compiled by Ned Davis Research shows the bubble may be forming elsewhere. The firm found that real estate
Absent an eleventh-hour settlement, Delaware Chancery Court Vice Chancellor Sam Glasscock III will preside over a two-day trial during which direct lender Preston Hollow Capital LLC will try to make its case that Nuveen wrongly sought to choke off its access to financial backing and deals. Nuveen has defended itself against the accusations arguing its
Traders work beneath a monitor displaying Halliburton Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, May 2, 2016. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines midday Friday: Starbucks — The coffee company’s stock jumped 7% after Starbucks announced earnings
The crypto winter kept cryptocurrency markets in the grip for almost two years until sometime this year, but in this period of grey, one asset stood out. Ripple’s XRP continued to perform well within expectations. XRP’s Strong Performance in Q2 Ripple has indicated that XRP sales in the first and second quarters of 2019 have
Matthew Trudeau is chief strategy officer at crypto asset exchange ErisX. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in crypto assets. Sign up here. Recently CoinDesk published an article titled, ‘High Frequency Trading is Newest Battle Ground in Crypto
The ongoing US-China trade war is a distraction from China’s big problems: the blowing of multiple bubbles and the country’s soaring debt, which will eventually kill economic growth. It happened in Japan in the 1980s. And it’s happening in China nowadays. The trade war is one of China’s problem that dominates social media these days.