Bakkt to Launch Options on Its Bitcoin Futures Dec. 9

Bakkt to Launch Options on Its Bitcoin Futures Dec. 9

The Intercontinental Exchange (ICE) is launching bitcoin options contracts through its subsidiary Bakkt. Bakkt announced Thursday that it would “launch the first regulated options contract for bitcoin futures,” adding a new product to its current slate of physically-settled bitcoin futures contracts. CEO Kelly Loeffler said in a Medium post that the contracts were built in response to customer […]

Fiat-to-Crypto ‘Carry Trade’ May Tempt Traders Tired of Negative Interest Rates

Fiat-to-Crypto ‘Carry Trade’ May Tempt Traders Tired of Negative Interest Rates

With the era of negative interest rates well and truly here, return-hungry investors may increasingly borrow in low-interest fiat currencies and invest in higher-yielding cryptocurrency accounts. “The fiat-BTC carry trade is the next step in bitcoin growth,” tweeted popular bitcoin quant investor @100trillionUSD on Oct. 10. A carry trade is a strategy where a trader uses a low-yielding […]

Fidelity Makes It Easy for No-Coiners to Invest in Crypto

Fidelity Makes It Easy for No-Coiners to Invest in Crypto

Following a limited launch last autumn, Fidelity Digital Assets is going all out in the hunt for institutional investors looking into cryptocurrency trading and custody solutions. Up until now, the platform was available only to select few investors on a trial basis. Among other perks, Fidelity’s cryptocurrency-focused services are expected to make it easier for […]

UAE Royal Family Acquires Stake In CPA200 Crypto Price Index

UAE Royal Family Acquires Stake In CPA200 Crypto Price Index

The Emirati royal family has taken a stake in the Crypto Price Index (CPI) project, a cryptocurrency analog of the Dow Jones Industrial Average that operates on the blockchain. The development comes as the royal family believes that volatile and uncertain digital asset markets need solutions which gauge industry-wide performance, CPI said in a Wednesday press release. “I am […]

Crypto Portfolio Will Analyze Twitter to Gauge Trader Sentiment

Crypto Portfolio Will Analyze Twitter to Gauge Trader Sentiment

The crypto market, known as one of the most rabid topics for discussion on Twitter, is getting a new tool to help gauge investor sentiment — using tweets. On Tuesday, the trading platform eToro launched a sentiment-based portfolio that uses AI tools to analyze Twitter for the latest positive or negative perceptions of digital assets. […]

SEC Restarts Clock on Proposed ‘Bitcoin and T-Bills’ ETF

SEC Restarts Clock on Proposed ‘Bitcoin and T-Bills’ ETF

The U.S. Securities and Exchange Commission (SEC) is again soliciting comments on a proposed exchange-traded fund (ETF) based around bitcoin and Treasury bonds. According to a public filing published Tuesday, investment management firm Wilshire Phoenix and NYSE Arca filed an amendment to their ETF proposal earlier this month to address issuance and redemption for the securities […]

Bermuda Now Accepts USDC Crypto for Taxes and Government Services

Bermuda Now Accepts USDC Crypto for Taxes and Government Services

Residents of Bermuda can now pay their taxes in cryptocurrency. The Government of Bermuda announced Wednesday it will accept payments in USD Coin (USDC) “for taxes, fees and other government services,” according to a press release by crypto finance startup Circle. USDC is a stablecoin pegged to the U.S. dollar launched a year ago by […]

US Treasury Secretary: Regulatory Fears Forced Libra Exodus

US Treasury Secretary: Regulatory Fears Forced Libra Exodus

U.S. Treasury Secretary Steven Mnuchin said backers of Facebook’s cryptocurrency Libra dropped out of the project over concerns that the stablecoin project would not meet regulatory standards. Speaking on CNBC, Mnuchin said that if Libra wouldn’t meet US money-laundering standards via the Financial Crimes Enforcement Network, it could open them up to enforcement actions. “I […]

The IRS Will Now Ask If You Own Crypto in the Most Widely Used US Tax Form

The IRS Will Now Ask If You Own Crypto in the Most Widely Used US Tax Form

The Internal Revenue Service (IRS) has updated the main form individual U.S. taxpayers use to report their income to include a question about cryptocurrencies. Following the release earlier this week of the IRS’s long-awaited guidance for reporting crypto-related income, the IRS on Friday circulated a draft of the new Form 1040, Schedule 1, Additional Income and Adjustments to […]