Bitcoin (BTC) futures hit record low volatility in October on the US Chicago Board Options Exchange (CBOE), MarketWatch reported yesterday. CBOE Bitcoin (BTC) Futures Kevin Davitt, a Senior instructor at CBOE Options Institute, published a video on November 1st outlining the volatility decline. In the video above, Davitt outlines that the average weekly volatility for
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The bearish sentiment around bitcoin sank to three-month lows earlier today as short positions placed on crypto exchange Bitfinex fell to their lowest level since August 5th. At approximately 11:00 UTC, the number of short positions dropped to 21,434, which represents a 33 percent drop in the past eight days alone. During the same time,
Shares of cybersecurity firm Symantec have fallen nearly 30 percent this year, but CNBC’s Jim Cramer thinks that it’s worth taking a second look at the beaten-down stock. In August, hedge fund Starboard Value invested $670 million into Symantec and nominated five new board members. Starboard Value has “a really consistent long-term track record,” Cramer
When the polls close Tuesday night, stock strategists expect to see a Republican Senate and a Democratic House — and a still bullish scenario for stocks. That’s because a split Congress would cause old-fashioned gridlock, viewed as a positive by markets as Congressional efforts to enact or reverse legislation are stymied. Bank of America Merrill
China does not like cryptocurrency. The country has repeatedly imposed strict sanctions against its use and relative businesses. Now the central bank of China is adding to its list by banning crypto airdrops. China Bans Crypto Airdrops After ICO Abhorrence The People’s Bank of China, or PBoC, has classed token airdrops as “disguised” Initial Coin
The price of XRP, the world’s third-largest cryptocurrency by market capitalization, jumped 6 percent on Monday, to reach its highest total in 30 days, according to CoinDesk data. At 15:01 UTC, the cryptocurrency rose to $0.49 cents for the first time since Oct. 8, and was last seen trading at $0.4950, marking roughly a 6.14 percent
Which city (or cities) will Jeff Bezos choose for Amazon’s HQ2?ASSOCIATED PRESS Amazon may be close to deciding on a location for its second headquarters complex – perhaps two locations, if the Wall Street Journal is correct. The Washington, D.C., suburb of Crystal City, Va., is in advanced discussions with Amazon, according to the Washington
Home improvement retailer Lowe’s announced Monday it is closing 20 stores in the U.S. and 31 stores in Canada. It said that the majority of store closures occur where there two Lowe’s within 10 miles of each other. Lowe’s CEO Marvin Ellison said the closures are a “necessary step in [the company”s] strategic reassessment as
Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Rekt? You should see the other guy. For anyone concerned about bitcoin losing another 4
If you’re among the millions of older U.S. workers who will say farewell to full-time work in 2019, now’s a good time to make sure you’re truly prepared. Whether you’re viewing the next phase of life as retirement, semi-retirement or an unknown adventure, experts say the transition should get more than just a passing once-over.
Check out the companies making headlines before the bell: General Motors – The automaker reported adjusted quarterly profit of $1.87 per share, well above the consensus estimate of $1.25 a share. Revenue also beat forecasts, and GM expects to hit the top end of its projected earnings outlook for the full year. GM’s results were
Welcome to the World Crypto Con Spotlight series. Today’s guest: Jordan French. World Crypto Con World Crypto Con (WCC) is a platform for industry leaders to share their knowledge of the cryptocurrency and blockchain space, as well as introduce their projects to the world. WCC welcomes both experts and novices to attend; there’s something for
South Korean crypto exchange Bithumb has teamed up with crowdfunding platform seriesOne to launch a complaint security token exchange in the U.S. The joint venture was revealed in a press release from seriesOne shared with CoinDesk on Thursday, which adds that the exchange launch is still subject to regulatory approvals from the U.S. Securities and Exchange
Getty Free Images The tax benefits of owning real estate in an IRA plan certainly seem appealing at first glance. Under a self-directed IRA, you can control your investments, and the tax benefits of owning real estate in an IRA plan certainly seem appealing at first glance. In a Roth IRA, contributions are made with
T-Mobile CEO John Legere is selling his luxury New York City penthouse, located in the exclusive Central Park West neighborhood, for nearly $18 million. The penthouse, part of the 16-story 91 Central Park West building, was recently listed by Compass Real Estate Legere appears to have struggled to find a buyer for the palatial apartment,
The S&P 500 Index may be coming off its best week since March 9, but long-time bull Art Hogan doesn’t believe the market’s wild swings are safely in the past. B. Riley FBR’s chief market strategist predicts stocks will retest to their October 29 correction lows, he recently told CNBC. “We are going to see
Check out the companies making headlines before the bell: DowDupont – The chemical maker beat estimates by 3 cents a share, with adjusted quarterly profit of 74 cents per share. Revenue was slightly below forecasts, however. Its results were helped by strength in its cosmetics, paints, and packaging products. The company also announced a new
A new Hong Kong-based blockchain trade finance platform has just launched this week that was developed by twelve major global banks, Reuters reported this Wednesday. The platform was developed by Canadian-based HSBC, France-based BNP Paribas, Great Britain-based Standard Chartered, and nine other major banks. Blockchain Trade Finance Platform The new platform is called eTrade Connect, and
Market data shows that the meme-themed dogecoin was the worst-performing coin out of the world’s largest 25 cryptocurrencies by capitalization for the month of October. The cryptocurrency – derided as a joke by some, beloved by others – first hit the market in 2014 and has since been through a series of boom-and-bust cycles ever since
Getty Royalty Free We are not in a housing bubble. The tool that helped me identify the last bubble—measuring new construction relative to population growth—helps me now say we are not overbuilding. I recently ran into someone who recalled a presentation that I made to his company’s management team in 2006. He not only recalled
The economy under President Donald Trump is “doing pretty well” and can stay on track even if the Democrats win the majority in the House in next week’s midterm elections, billionaire investor Sam Zell told CNBC on Wednesday. “I think there’s a lot more clarity in public policy. I think there’s a lot more clarity
When McDonald’s reported earnings last week in the throes of a marketwide breakdown and the stock surged higher, CNBC’s Jim Cramer took notice. “Thanks to the resulting rally, McDonald’s was one of the top five performers in the Dow last month, with the stock up 5.7 percent,” Cramer said on “Mad Money.” “Why does this
Check out the companies making headlines before the bell: Apple – Apple reported quarterly profit of $2.91 per share, above the consensus estimate of $2.78 a share. Revenue also beat expectations, however its shares are being pressured by weaker-than-expected iPhone shipment numbers, as well as a weaker-than-expected revenue forecast for the current quarter. Starbucks –
The Winklevoss twins have filed a lawsuit against infamous BitInstant founder Charlie Shrem. They claim the Bitcoin investor stole 5,000 Bitcoins from them in 2012. Winklevoss Twins Lawsuit According to the New York Times, Shrem made several lavish purchases in 2018 that caught the attention of the Winklevoss twins. They filed a civil suit against
Blockchain startup AlphaPoint has hired a senior executive from Cboe Global Markets, the parent of the Chicago Board of Exchange. Revealed exclusively to CoinDesk, Kapil Rathi joined AlphaPoint as global head of trading markets, a newly created position, and will be in charge of the company’s trading and exchange business. He was previously Cboe’s head of
Getty Free Images My August 28, 2018 post discussed how the new Section 199A 20% deduction rules apply for real estate investors and professionals, and referred to certain other rules to be covered in a future posting. You can review that post by clicking here. By way of brief review, the Section 199A deduction allows
Financial stress visits renters more than homeowners. That’s the main takeaway from a new report by the Urban Institute, a nonpartisan think tank in Washington. Rental costs are rising much faster than renters’ salaries. Between 1960 and 2016, the median income for a renter grew by just 5 percent. During the same period, the median
The job is getting tougher for bitcoin bears as the number of strong support levels is growing with each passing month. The latest addition to the list is the support of the trendline connecting the November 2011 low and August 2016 low, currently at $5,830. Till Oct. 31, the two important support levels were the 21-month
CNBC’s Jim Cramer is not backing down from his “own Apple, don’t trade it” maxim despite the stock’s drop after earnings, in which the iPhone maker said it would stop providing results for its individual products. “I am sure there are people who will just say, ‘You know what? I have to panic and sell
Stock and bond ETFs associated with active trading saw heavy volumes and some withdrawals during October’s turbulent market conditions, while investors put money into exchange traded funds that are more associated with buy and hold strategies. Not surprisingly, October 2018 was a record month for U.S. bond ETF trading, according to data from BlackRock. The