Crypto Futures News 

Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients

“When it first launched, Bakkt was only able to provide custody services to clients trading its bitcoin futures contracts” reports coindesk.com. While a number of other companies are developing their own platforms for physically-settled bitcoin futures in the U.S., Bakkt has been the only one to launch so far.Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients.CME Group, which has offered cash-settled bitcoin futures since December 2017 – meaning customers receive the fiat equivalent to the contract’s value at expiration, rather than the actual bitcoin – also announced…

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Goldman Sachs Plans Shift From Revenue Goal at First Investor Day

“NEW YORK (Reuters) – More than two years ago, Goldman Sachs Group Inc (GS.N) told investors it would find $5 billion in fresh annual revenue by 2020” writes Matt Scuffham for reuters.com. Goldman shares are trading at 0.9 times the value of its assets, among the lowest of the biggest U.S. banks.Goldman executives said a year ago that the bank was ahead of schedule on the $5 billion goal.Now, the bank may move away from that goal to focus on a wider range of metrics.The 57-year-old was a key architect…

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Crypto News 

Argentina Sets New Trading Record After Central Bank Bans Bitcoin Buys

“Bitcoin (BTC) trading set new records in two of its most keenly watched South American markets last week, new data has revealed” writes William Suberg for cointelegraph.com. Last week, the central bank formally banned consumers from purchasing Bitcoin and other cryptocurrency using credit cards.As monitoring resource Coin Dance confirmed on Nov. 10, the seven days ending Saturday saw more trading against BTC than ever before in both Venezuela and Argentina.In Bitcoin terms, however, the trading period did not see a noticeable uptick in volume, proof that both countries’ currencies are…

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Crypto News 

New Cryptocurrency Course Being Offered for Less Than $40

“A new cryptocurrency course alleges that it can make digital currency a lot less confusing, and it costs less than $40” writes Nick Marinoff for livebitcoinnews.com. A cryptocurrency course like this wouldn’t be offered if people weren’t eager to learn more and potentially increase their earnings.An advertisement for the course reads: With cryptocurrency still in its infancy stage, now is the best time to start investing and trading to maximize your returns.Cryptocurrency and blockchain education are growing, but it’s still not at the level it needs to be.The new course,…

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I’m a senior banker at Deutsche Bank. Here’s why I’m worried about its bond business.

“Management did emphasise recent strong loan growth compared to peers, centred on ABS and CRE, in the investment bank (17% y/y excl” writes Macro Hive for businessinsider.com. Various one-off charges will limit any visibility of the type of investment bank that will eventually emerge.This could be via lower client footprint or key staff leaving, which reduces the banks trading edge.But headcount is actually growing on a like-for-like basis in the investment bank.It revealed a sizeable fall in Fixed Income and Currencies (FIC) revenues in the investment bank and continues to…

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Crypto Futures News 

Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High

“Twitter account dedicated to Bakkt futures trading volume data, Bakkt Volume Bot, also pointed out the development on Nov. 8” writes Adrian Zmudzinski for cointelegraph.com. Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9.Notably, on Oct. 26, Bakkt traded 1,183 Bitcoin futures contracts after registering a staggering 257% volume increase in 24 hours.The last reported Bakkt contract trading price as of press time is $8,895.As Cointelegraph reported earlier this week, Bakkt is also on its way…

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SPLK Makes Bullish Cross Above Critical Moving Average

“In trading on Friday, shares of Splunk Inc (Symbol: SPLK) crossed above their 200 day moving average of $125.45, changing hands as high as $125.47 per share” writes Bnk Invest for nasdaq.com. Splunk Inc shares are currently trading up about 1.8% on the day.The chart below shows the one year performance of SPLK shares, versus its 200 day moving average: Looking at the chart above, SPLK’s low point in its 52 week range is $83.69 per share, with $143.70 as the 52 week high point — that compares with a…

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EPAY Makes Bullish Cross Above Critical Moving Average

“In trading on Friday, shares of Bottomline Technologies Inc (Symbol: EPAY) crossed above their 200 day moving average of $44.48, changing hands as high as $45.56 per share” writes Bnk Invest for nasdaq.com. Bottomline Technologies Inc shares are currently trading up about 7.5% on the day.The chart below shows the one year performance of EPAY shares, versus its 200 day moving average: Looking at the chart above, EPAY’s low point in its 52 week range is $37.04 per share, with $56.90 as the 52 week high point — that compares…

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Acceleron Pharma Breaks Above 200-Day Moving Average – Bullish for XLRN

“In trading on Friday, shares of Acceleron Pharma, Inc. (Symbol: XLRN) crossed above their 200 day moving average of $42.70, changing hands as high as $43.68 per share” writes Bnk Invest for nasdaq.com. Acceleron Pharma, Inc. shares are currently trading up about 6.6% on the day.The chart below shows the one year performance of XLRN shares, versus its 200 day moving average: Looking at the chart above, XLRN’s low point in its 52 week range is $37.01 per share, with $58.11 as the 52 week high point — that compares…

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Friday 11/8 Insider Buying Report: IHIT, KNSL

“Invesco High Income 2023 Target Term Fund is trading up about 0.5% on the day Friday” writes Bnk Invest for nasdaq.com. Troccoli was up about 1.3% on the purchase at the high point of today’s trading session, with IHIT trading as high as $10.70 in trading on Friday.And on Wednesday, Director Anne C. Kronenberg bought $199,995 worth of Kinsale Capital Group, buying 2,293 shares at a cost of $87.22 each.Today we look at two noteworthy recent insider buys. Source: nasdaq.com

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