UBS Wealth Management is not a believer in bitcoin becoming a legitimate currency even as the launch of futures lead some investors to believe the cryptocurrency will become a more stable market. “The bubble to end all bubbles continues. Cryptocurrencies only have value if accepted as currencies. However, they cannot […]
CNBC News
Bitcoin futures launch could be bad for bitcoin’s price, tech analyst Gene Munster says
The launch of bitcoin futures could “have a material negative impact on the price of bitcoin,” a well-respected technology analyst said Monday. With the futures, “investors will have an easier time betting against bitcoin,” and “investors could move towards trading futures contracts and out of bitcoin itself,” Gene Munster, co-founder […]
Investors ‘haven’t missed the train’ on bitcoin yet, but it could be a wild ride, analyst says
It isn’t too late for investors to hop into cryptocurrencies after the bitcoin futures launch on the Cboe, an analyst told CNBC on Monday. “Relative to assets, you’re talking $100 trillion in investable assets,” said Brian Kelly, founder of BK Capital Management. “All you would need is 1 percent of […]
S&P 500 futures erase gains, Treasurys rise after reports of explosion at New York’s Port Authority terminal
U.S. stock futures gave back some of their initial gains on Monday following reports of an explosion at a terminal at New York City’s Port Authority. Dow Jones industrial average futures traded 25 points higher, while Nasdaq 100 futures were up 4.75 points. S&P 500 futures turned slightly negative, trading […]
Bitcoin futures set to trade on CBOE Sunday evening after a wild surge for the cryptocurrency
Bitcoin futures will begin trading on the Cboe Futures Exchange on Sunday, following a huge ramp-up in the digital currency’s price. The futures will launch at 6 p.m. New York time and will be trading under the ‘XBT’ ticker symbol. The launch will let institutional investors buy into the cryptocurrency […]
Bitcoin jumps higher as futures trading begins on CBOE; new futures rise
Bitcoin prices jumped on Sunday evening right as the Cboe Futures Exchange began trading futures on the cryptocurrency. The digital currency was at $14,890 right at 6 p.m. New York time and then surged about $600 to $15,500.13 as of 7:17 p.m. on the Coinbase exchange. The new futures were […]
Bitcoin jumps higher as futures trading begins on Cboe
Bitcoin prices jumped on Sunday evening New York time as the Cboe Futures Exchange began trading futures on the cryptocurrency. The new futures were up 9.1 percent to $16,870 on the Cboe in early trading. They has previously turned negative for a brief moment at about 6:55 p.m. New York […]
New bitcoin futures surge on Cboe — and even trigger two trading halts
Bitcoin futures faced their first test of how to handle volatility within hours of launching Sunday on the Cboe Futures Exchange. About two hours after their 6 p.m. ET launch, the new futures had climbed 10 percent, triggering a two-minute trading halt. By 10:05 p.m., the bitcoin futures had soared […]
Study: Rich kids 10 times as likely to become inventors, creating ‘lost Einsteins’
Children born into the top 1 percent of households by income are 10 times as likely to become inventors as those from below-median income families, according to a new study. Economists from Stanford, Harvard, MIT and the U.S. Treasury Department published their findings as part of a working paper with […]
Deutsche Bank warns a ‘bitcoin crash’ is among the market’s most significant 2018 risks
Could the market’s new darling become its next black swan event? The bitcoin craze could pose a real risk to the broader market next year, Deutsche Bank warned last week, ahead of the cryptocurrency’s launch on futures exchanges, scheduled to take place Sunday. Torsten Slok, the firm’s chief international economist, […]