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 News Regulators 

Janet Yellen says bitcoin is a highly speculative asset — but the Fed played a key role in its rise

“She said bitcoin ” is a highly speculative asset” that “at this time plays a very small role in the payment system.”” writes Pedro Nicolaci Da for businessinsider.com. Yet for better or worse, the Federal Reserve has played an important, two-part role in the emergence of the bitcoin phenomenon.If you have a million bucks in bitcoin trying to do it in an exchange you’re going to crash the price,” Chorzempa said.”It looks less like a currency every day because the price is just skyrocketing like a speculative asset,” he told…

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News 

ET Deals Roundup: Last Chance Bonus $50 off PS4 Pro with Trade-in, Free Bear with $100 Amazon Gift Card, and more

“Amazon Fire HD 8-inch 16GB Wi-Fi Tablet with Alexa for $49.99 at Amazon (List price: $79.99)” writes Grant Brunner for extremetech.com. Dell P2715Q 27-inch 4K UHD IPS LED LCD Monitor and $100 GC for $499.99 at Dell (List price: $699.99).Amazon Fire 4K TV Stick with Alexa Remote for $54.99 at Amazon (List price: $69.99).Remington VPG6530 Lithium Power Series 4 In 1 Vacuum Trimmer for $20.75 at Amazon (List price: $39.99).Dell U2717D 27-inch 2560×1440 QHD IPS InfinityEdge Monitor and $100 GC for $399.99 at Dell (List price: $599.99). Source: extremetech.com Share This:

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Micron earnings: Bullish sentiment remains on horizon for memory chips

“Earnings: Of 24 analysts polled by FactSet, Micron is expected to report consensus earnings of $2.19 a share, up from the $1.74 a share consensus when the quarter began” writes Wallace Witkowski for marketwatch.com. On average, analysts have a consensus $54.22 price target, nearly 28% above Friday’s closing price.Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, calls for an adjusted earnings consensus of $2.26 a share.He noted: Cowen analyst Karl Ackerman, who has a buy rating and a $43 price target, had this…

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Crypto Markets News 

Klarman calls bitcoin a ‘trading sardine,’ others say ‘mania’ — They’re right

“I have no interest in this type of maniacal type of trading market,” he said on CNBC Wednesday” writes Tae Kim for cnbc.com. When asked for comment for this column on whether bitcoin is a “trading sardine,” Klarman replied: “Yes.”. These are not eating sardines, they are trading sardines.’ Like sardine traders, many financial-market participants are attracted to speculation, never bothering to taste the sardines they are trading. … trading in and of itself can be exciting and, as long as the market is rising, lucrative.Bitcoin futures trading launched this…

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Crypto Futures Markets News 

Bitcoin hits new record high as warnings grow louder

“But outside of the crypto market, worries continue to grow about the amount of money piling into the space” reports foxbusiness.com. While bitcoin has added another fifth to its value since Monday, trading has been slightly calmer than the wild price swings the market has seen in recent weeks, with volatility lower since the launch of bitcoin futures from Cboe Global Markets on Sunday. Source: foxbusiness.com Share This:

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Crypto News Regulators 

Bitcoin buyers: ‘Be ready to lose all your money,’ UK regulator says

“You can’t go somewhere and look up the record of who owns bitcoin,” Bailey said” writes Jade Scipioni for foxbusiness.com. Bailey said that relatively little was known about what drives the price of bitcoin, adding that another red flag is the fact the bitcoin buyers and sellers are anonymous, something that has caused concerns that it could be used to launder money.I’m going to put my pension into bitcoin’ – I would be very concerned but we don’t see that at the moment.”. Federal Reserve chair Janet Yellen also weighed…

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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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