Crypto Futures News 

Bitcoin price, already on a tear, is now surging to $20,000

“Bitcoin is heading towards the $20,000 mark as bitcoin futures trading is set to begin on another exchange” writes Lynsey Barber for businessinsider.com. Meanwhile, online brokerage TD Ameritrade will add bitcoin futures trading to its platform from monday amid growing demand for the cryptocurrency. Investors were warned last week by the UK’s top financial regulator to be prepared to lose all of their money if they put cash into bitcoin. Source: businessinsider.com Share This:

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Crypto Futures News 

Bitcoin, already on a tear, is now surging to $20,000

“Bitcoin is heading towards the $20,000 mark as bitcoin futures trading is set to begin on another exchange” writes Lynsey Barber for businessinsider.com. Meanwhile, online brokerage TD Ameritrade will add bitcoin futures trading to its platform from monday amid growing demand for the cryptocurrency. Investors were warned last week by the UK’s top financial regulator to be prepared to lose all of their money if they put cash into bitcoin. Source: businessinsider.com Share This:

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Crypto Markets News 

Litecoin Price Surges by 10% Again to $300 as Demand Skyrockets

“Over the past 24 hours, the Litecoin price has surged by nearly 10 percent, increasing from below $270 to $300” writes unknown author for cryptocoinsnews.com. At the time of reporting, the price of Litecoin remains above $300. “I would be happy if Litecoin stays at around $300 by the end of next year.The statement of Lee came after the price of Litecoin increased by nearly five-fold since November.On CNBC’s Squawk Box, Litecoin creator and former Coinbase executive Charlie Lee stated that he would be satisfied if the price of Litecoin…

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Crypto Markets News 

Ripple Overtakes Bitcoin Cash to Become the Third Largest Cryptocurrency

“Any cryptocurrency with a strong base within the South Korean cryptocurrency exchange market tend to surge or decline in large margins, as seen in the case of Ripple, Monero, and Bitcoin Cash” writes unknown author for cryptocoinsnews.com. At the time of reporting, South Korea’s largest cryptocurrency exchange Bithumb accounts for more than 31 percent of global Ripple trades.The South Korean cryptocurrency exchange market and the vast majority of investors within it tend to be moved by FOMO, or fear of missing out.Ripple has overtaken Bitcoin Cash to become the third…

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Crypto News 

Moonlambos sells Lamborghinis for Bitcoin to help gilded cryptocurrency generation spend its windfall

“The crypto currency boom is creating a new gilded generation of super wealthy individuals who were savvy enough to snap up Bitcoin early on” writes Chris O’brien for venturebeat.com. Now these fortunate sons and daughters of the virtual currency age are faced with a gigantic, unsympathetic problem: How to spend their wealth?. But holders of virtual currency face a couple of particular twists.It’s also developing a new virtual currency wallet called Apollo. Source: venturebeat.com Share This:

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Crypto News 

Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

“A cheer went up in the San Francisco offices of cryptocurrency exchange Coinbase Inc. when bitcoin breached $10,000 in November” writes Lily Katz Rob for bloomberg.com. Three traders who lost money margin-trading on GDAX told Bloomberg they didn’t meet the requirement.More than 10 million customers have used the company since it began, though it recently quit updating the tally on its website.Making Sense of Bitcoin and Its Wild Price Ride: QuickTake Q&A While individual investors make up most of Coinbase’s customers, a handful of institutions drive a majority of trading…

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Crypto Markets News 

Ripple surpasses bitcoin cash for third most valued cryptocurrency, jumps above $30 billion

“Ripple coins, a popular business-focused cryptocurrency, on Friday surpassed bitcoin cash for the title of third most valued cryptocurrency” writes Mark Decambre for marketwatch.com. Bitcoin cash is a spinoff of core bitcoin that offers transaction processing at larger sizes. The crypto asset is behind Ethereum, the second most popular cybercoin at $64 billion and core bitcoin at nearly $300 billion.According to data and research site, Coinmarketcap.com, a single Ripple token was valued at around 77 cents and has jumped more than 230% this week alone to reach a market value…

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Crypto Markets News 

Bitcoin Price Posts Slight Decline But Altcoin Markets Set New Records

“Bitcoin investors have grown accustomed to seeing the value of their holdings soar with every passing day, but the bitcoin price has not made much sustained movement this week” writes unknown author for cryptocoinsnews.com. While bitcoin fluctuates around $17,000, altcoin prices have been soaring  — and the ethereum price has been leading the charge.The bitcoin cash price posted a 24 percent gain, briefly crossing the $2,000 threshold before settling down to a present value of $1,965.At the time of writing, the ethereum price was trading at a global average of…

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Crypto News 

One group of traders has risen to dominate bitcoin trading

“We think that retail investors are shifting from leveraged FX trading to leveraged cryptocurrency trading,” Muraki said” writes Akin Oyedele for businessinsider.com. “Japan accounts for a high 54% of global foreign exchange margin trading (leveraged FX trading), so Japanese retail investors are major players in FX markets.”. Japanese investors, mostly men, came to dominate trading after regulators started to shut down cryptocurrency exchanges in China.On Sunday, CME Group will be the second trading venue to launch futures trading, one week after Cboe Options Exchange.Many Japanese investors are engaged in leveraged…

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Crypto News 

The booming cannabis industry has a serious cash problem — and cryptocurrency isn’t the solution

“The rapidly-growing cannabis industry has a cash problem, but dispensary owners around the country say cryptocurrency isn’t a miracle solution” writes Jeremy Berke for businessinsider.com. While both cryptocurrency and the legal cannabis industry are still relatively new, it’s not yet clear whether the two are a match.It all adds up to cannabis companies paying an effective tax rate of 65 to 75%, according to the New Federalism Fund, a nonprofit organization advocating for the cannabis industry.Still, some dispensaries and cannabis companies are starting to experiment with cryptocurrency. Source: businessinsider.com Share This:

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