Crypto News 

SEC to Hold Public Forum on Blockchain at the End of March

“The Securities and Exchange Commission announced on Friday that it is going to hold a public forum on blockchain technology” writes David Kimberley for financemagnates.com. According to a statement released by the SEC, the forum will deal with both blockchain technology and cryptocurrencies.Some time will be spent looking at blockchain technology, what uses it can be toward and how it is changing certain industries.The financial watchdog’s blockchain forum will be the second such event that it has hosted, though the last was way back in 2016 – light years in…

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Crypto Futures News 

The first exchange to go live with bitcoin futures has stopped listing new contracts as Wall Street interest in crypto wanes

“Cboe Global Markets, the first exchange group to launch bitcoin futures when it went live in December 2017, announced it was putting a hold on listing new bitcoin contracts” writes Dan Defrancesco for businessinsider.com. In a notice published late Thursday, the Chicago-based exchange group said it would not be adding more bitcoin futures contracts on its Cboe Futures Exchange to give it a chance to reevaluate how it handles cryptocurrency derivatives.The contracts went live at the peak of the cryptocurrency bubble when the currency was valued just shy of $20,000.Contracts…

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Crypto Markets News 

Interest in OTC Trading May Become the Springboard for the New Cryptocurrency Market Boom

“According to data collected by Digital Asset Research, the global daily bitcoin OTC trading value is about $250 million” writes Guest User for livebitcoinnews.com. And the first thing that interests them is OTC trading as an instrument of quick and secure cryptocurrency trading.” He sees a lot of similarities between today’s keen interest in OTC cryptocurrency trading and the industry landscape in late 2017 – early 2018, when the market was burning with fever about Initial Coin Offerings.Over-the-counter trading in digital assets is rapidly gaining popularity with the crypto market…

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News Stocks 

Facebook stock falls after the executive in charge of all its products steps down

“Facebook stock is falling Friday, the day after Chief Product Officer Chris Cox announced he was leaving the company in light of its recent pivot to privacy” writes Sara Salinas for cnbc.com. The stock eased off in mid-morning trading and was last seen roughly 2.5 percent down.In a statement Thursday, the company blamed a “server configuration change that triggered a cascading series of issues” for the outage.Shares fell as much as 4.5 percent in early trading, sinking below $163 at its lowest point. Source: cnbc.com

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Markets News 

JPMorgan and Citigroup just closed bond desks for smaller trades in favor of algorithms. It’s another sign that robots are taking over.

“Some of Wall Streets’ biggest corporate bond dealers are replacing humans with algorithms for a portion of their trades, another sign that the robot revolution is in full swing” writes Dakin Campbell for businessinsider.com. That means the handling of the odd-lot bonds will be managed by algorithms instead of humans.The path to the change was paved in September 2018, when Citi reorganized the corporate bond trading team to bring institutional trading teams and the retail trading teams under one leadership.Citigroup and JPMorgan both recently disbanded teams dedicated solely to trading…

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Crypto News 

Japan Court Sentences Suspended Jail Term to Ex-Mt. Gox CEO

“Gox, Mark Karpeles, guilty on charges of data manipulation” writes Arnab Shome for financemagnates.com. Though Karpeles was found guilty of tampering trading data on the exchange, he was acquitted from the charges of embezzling millions from client accounts.Gox was one of the first well-received Bitcoin exchange which reportedly once handled 70 percent of the world’s Bitcoin transactions. Source: financemagnates.com

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Crypto Futures News 

CBOE Will Not List Bitcoin Futures in March, Cites Need to Assess Crypto Derivatives

“In the case of the CBOE Bitcoin futures market, the difference is then settled in U.S. dollars” writes Aaron Wood for cointelegraph.com. In December 2017, CBOE launched Bitcoin futures trading, followed closely by its competitor, the Chicago Mercantile Exchange (CME).CBOE said: “CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019.Futures contracts give investors exposure to an underlying asset — in this case Bitcoin — without the need to actually own any.Earlier this week, a report from Bloomberg stated that the Bitcoin price could…

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