News Platforms 

The jig is up: Robinhood says it’s closed the ‘infinite leverage’ loophole that allowed users to build positions worth millions

“Robinhood’s “infinite leverage” loophole has been closed and accounts using the glitch have been suspended, a company spokesperson said Thursday” writes Finanzen Net Gmbh for businessinsider.com. The typically unauthorized trade involves Robinhood Gold users selling call options with money borrowed through the platform.One WallStreetBets member who allegedly lost $180,000 through the trade said on November 4 that their account was deactivated for trying to borrow more cash.”We recently identified a small number of accounts engaging in problematic trading activity on our platform,” Robinhood spokesperson Lavinia Chirico said in an emailed…

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Colorado’s cleanest energy options are also its cheapest

“Switching to electric vehicles will reduce both total energy costs and per-unit energy costs” writes Hannah Brown for vox.com. Interestingly, though deep decarbonization would mean more electricity demand, it would mean 10 percent lower overall energy demand, mainly because demand would decline in transportation.When all the costs are tallied up — electricity, transportation, and heating system costs — the deep decarbonization scenario comes in the cheapest.The increase in electricity demand gives grid operators more options. Source: vox.com

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Crypto News Platforms 

Binary Options Scams Spread Into Crypto, Time for US Lawmakers to Act

“Already a high-risk investment strategy, binary options platforms are often based online and are hard to regulate” writes Henry Linver for cointelegraph.com. Giving any or all of these to fraudulent binary options platforms can allow malicious actors to steal your identity.In the last two months alone, the CFTC has clamped down on fraudulent binary options schemes operating in the U.S. worth over $15 million.The same is true for binary options trading.Unfortunately, navigating binary cryptocurrency options has proven easier said than done for many inexperienced investors. Source: cointelegraph.com

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News Stocks 

The Reddit geek who raked in $100,000 with 2 trades credits his parents, likes tech stocks, and says the ‘hardest part’ was cashing out

“Choi learned how to trade options on WallStreetBets, a subreddit with the tagline “Like 4chan found a Bloomberg terminal.”” writes Finanzen Net Gmbh for businessinsider.com. Mohamed: Do you plan to return to options trading, or quit while you’re ahead?. Mohamed: How did you end up trading options?. Choi: I wasn’t as worried about my Roku trade because it was only about $800, but there was more money involved with the SPY trade, so I was more worried about it.I’ve tried many things that involve risk, such as trading cryptocurrency, day…

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Small business owners say these 4 things are key to growth

“Here’s some advice from four successful small business owners” writes unknown author for businessinsider.com. “I think a lot of business owners either under- or overestimate how much they will need,” said David Osei, senior director for small business banking at Capital One.When business owners think about financing, they sometimes gravitate to bringing on investors.What keeps business owners up at night?. Learn how Capital One® can help you manage your small business’ cash flow. Source: businessinsider.com

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Copycat traders are one-upping one another as they exploit Robinhood’s ‘infinite money’ glitch — and one user now holds a $1.7 million portfolio

“Traders are one-upping one another with a glitch in Robinhood’s trading app, and one user holds the crown after turning a $3,000 deposit into a $1.7 million position” writes Finanzen Net Gmbh for businessinsider.com. The trade involves Robinhood Gold users selling call options with money borrowed through the app.When the iPhone maker traded higher the day the options expired, the Reddit user lost the borrowed money and later posted a reaction video on YouTube.One person on r/WallStreetBets described the glitch as an “infinite money cheat code.”.  Source: businessinsider.com

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Crypto News 

Court Orders $4M in Penalties for Investment Fraud Involving ATM Coin

“A New York court has ordered defendants to pay $4.25 million in penalties for investment fraud involving the cryptocurrency ATM Coin” writes Helen Partz for cointelegraph.com. At the time, the regulator charged the defendants with fraud in connection with a binary options scam involving a virtual currency dubbed ATM Coin.In late September, decentralized data governance startup Band Protocol released its Bitcoin (BTC) and Ether (ETH) binary options app running on the Ethereum’s blockchain.While the court eventually charged that the defendants committed fraud and misappropriated client funds through investment in binary…

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Apple now offers gender-neutral versions of nearly ever human emoji, and LGBTQ advocates are praising the company’s push toward equal representation

“Apple has taken a step to make its emoji more inclusive and less binary with the additional of a “gender-neutral” option for nearly every human emoji in its system” writes Paige Leskin for businessinsider.com. Burge anticipates that the full expanse of gender-neutral emoji options will come to Android devices and other platforms in the first half of 2020.However, Google retired these blobs in 2017 to make way for human emoji with various skin tone options. Source: businessinsider.com

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Crypto Futures News 

CME Head Tim McCourt Explains How Bitcoin Options Work

“Back in September 2019, CME announced plans to launch Bitcoin options on its Bitcoin futures trading products in early 2020” writes Benjamin Pirus for cointelegraph.com. According to CME’s recently posted preliminary Bitcoin options specifications, CME Bitcoin options expire at the same time as the underlying monthly BTC futures.CME launched cash-settled Bitcoin futures trading in December of 2017, based its Bitcoin Reference Rate (BRR).In a recent interview, CME Group Managing Director and Global Head of Equity Index Alternative Investment Products Tim McCourt explained CME’s upcoming Bitcoin options product, as well as…

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