CME to launch options on Bitcoin “Friday” futures
The United States futures exchange is set to introduce a new and innovative way for retail investors to manage their risk associated with Bitcoin’s volatility. This exciting development will provide a much-needed solution for those looking to enter the world of cryptocurrency trading without the added stress of managing the unpredictable fluctuations of Bitcoin’s value.
The new offering, which will be available to retail investors, is a cash-settled tool that will allow individuals to hedge their positions and protect themselves against potential losses caused by Bitcoin’s volatility. This means that investors will no longer have to worry about the extreme price swings that have become synonymous with the cryptocurrency market.
This move by the US futures exchange is a significant step towards making Bitcoin and other cryptocurrencies more accessible to the general public. With the growing interest in digital assets, it is crucial to provide retail investors with user-friendly tools that can help them navigate the often complex and volatile world of cryptocurrency trading.
The cash-settled tool will also provide a level of stability and security for retail investors, as it eliminates the need for them to physically hold Bitcoin. This removes the risk of potential theft or loss of their digital assets, which has been a major concern for many individuals looking to invest in cryptocurrencies.
Moreover, this new offering will also open up opportunities for retail investors to participate in the futures market, which was previously only accessible to institutional investors. This democratization of the futures market will not only provide more options for retail investors but also contribute to the overall growth and stability of the cryptocurrency market.
In conclusion, the US futures exchange’s decision to introduce retail-friendly, cash-settled tools for managing risk tied to Bitcoin’s volatility is a game-changer for the cryptocurrency industry. It will not only make Bitcoin more accessible to the general public but also provide a much-needed solution for managing risk in this ever-evolving market.
Trump expands crypto footprint, gives memecoin utility for merch purchases
President Trump is known for his bold and unconventional approach to business, and his latest move is no exception. In a surprising move, the former president has announced that he will be accepting his own official memecoin, TRUMP, as a form of payment for merchandise in his business empire.
This decision marks a significant step towards the mainstream adoption of cryptocurrency, as Trump’s businesses include a wide range of products and services, from luxury hotels to golf courses. By accepting TRUMP as a form of payment, the former president is not only showing his support for the digital currency, but also opening up new opportunities for its use.
TRUMP, which was launched in 2020, has gained a cult following among supporters of the former president. The coin, which is based on the Ethereum blockchain, features Trump’s face on one side and the American flag on the other. It has seen a surge in value since its launch, with many investors seeing it as a symbol of their loyalty to Trump.
With this latest move, Trump is not only embracing the world of cryptocurrency, but also tapping into the power of memes and internet culture. The use of memes has become a popular marketing strategy in recent years, and Trump’s decision to accept his own memecoin as a form of payment is a clever way to connect with his supporters and appeal to a younger audience.
This move also highlights the potential of cryptocurrency to revolutionize the way we do business. With its decentralized nature and low transaction fees, cryptocurrency offers a more efficient and secure way to make payments. By accepting TRUMP, Trump’s businesses are not only keeping up with the times, but also setting an example for other businesses to follow.
In conclusion, President Trump’s decision to accept his own memecoin, TRUMP, as a form of payment for merchandise is a bold and strategic move that showcases his support for cryptocurrency and his understanding of the power of memes. It also highlights the potential of cryptocurrency to transform the way we do business in the future.
Digital Currency Group spins out new crypto mining subsidiary
Foundry, a subsidiary of Digital Currency Group, recently announced the spin-off of its mining division, Fortitude Mining. This move comes as no surprise, as Foundry has been steadily expanding its operations and investing in new mining facilities. However, even with the spin-off, Foundry remains the largest Bitcoin mining pool, controlling over 30% of the network’s hashrate.
The decision to spin off Fortitude Mining was made in order to allow Foundry to focus on its core business of providing institutional mining services. With the increasing demand for Bitcoin mining, Foundry has been actively investing in new facilities and expanding its operations. This has allowed them to maintain their position as the leading mining pool, despite the spin-off.
One of the key factors contributing to Foundry’s success is its state-of-the-art mining infrastructure. The company has strategically located its facilities in areas with low energy costs, allowing them to operate at a lower cost than their competitors. This, combined with their advanced mining equipment, has enabled Foundry to maintain a competitive edge in the industry.
In addition to their mining operations, Foundry also offers a range of services to institutional clients, including hosting, financing, and equipment procurement. This has made them a one-stop-shop for institutions looking to enter the Bitcoin mining space. With the recent surge in Bitcoin’s price, more and more institutions are looking to get involved in mining, and Foundry is well-positioned to cater to this growing demand.
Despite the spin-off of Fortitude Mining, Foundry remains committed to supporting the Bitcoin network and contributing to its security and decentralization. As the largest mining pool, they play a crucial role in maintaining the network’s stability and ensuring its continued success. With their continued growth and investment in the industry, Foundry is set to remain a dominant force in the world of Bitcoin mining.
Trump Media partners with Charles Schwab, expands into crypto financial services
The world of cryptocurrencies has been buzzing with the recent news of the US president and his associates launching a new platform called Truth.Fi. This move marks yet another step towards embracing the world of digital currencies and blockchain technology.
The platform, which was recently revealed, aims to provide a secure and transparent way for individuals and organizations to share and verify information. With the use of blockchain technology, Truth.Fi ensures that all data is tamper-proof and cannot be altered or manipulated.
But what does this mean for the world of cryptocurrencies? Well, it’s a clear indication that even the highest levels of government are recognizing the potential and importance of this emerging technology. And with the involvement of the US president and his associates, it’s safe to say that the future of cryptocurrencies is looking brighter than ever.
One of the key features of Truth.Fi is its focus on transparency. In a world where fake news and misinformation are rampant, this platform aims to provide a reliable source of information that can be verified by anyone. This not only benefits individuals but also has the potential to revolutionize the way organizations and governments share information.
But that’s not all, the platform also has its own cryptocurrency, called TruthCoin, which will be used as a means of exchange within the platform. This further solidifies the role of cryptocurrencies in our society and highlights their potential to disrupt traditional financial systems.
The launch of Truth.Fi is a clear indication that the world of cryptocurrencies is here to stay and will continue to evolve and innovate. With the involvement of influential figures like the US president, we can expect to see more developments and advancements in this space in the near future. So, keep an eye out for Truth.Fi and the impact it will have on the world of cryptocurrencies.
Hong Kong flags over 30 HashKey-branded crypto scam platforms
HashKey, a leading digital asset management firm, has recently been caught up in controversy after being added to the Securities and Futures Commission’s (SFC) list of suspicious websites. The SFC, Hong Kong’s financial regulator, has been cracking down on unlicensed and fraudulent investment schemes in the digital asset space, and HashKey’s inclusion on the list has raised eyebrows in the industry.
However, HashKey has vehemently denied any involvement in the suspicious links that were added to the SFC’s list. In a statement released by the company, they clarified that they have no connections to the websites in question and have taken immediate action to remove any links that may have been mistakenly associated with them.
This incident has raised concerns about the effectiveness of the SFC’s monitoring and vetting processes. With the rapid growth of the digital asset market, it is crucial for regulators to stay vigilant and ensure that investors are protected from potential scams and fraudulent activities. The SFC’s list of suspicious websites is meant to serve as a warning to investors, but the inclusion of a reputable company like HashKey has caused confusion and doubt.
HashKey has been a key player in the digital asset space, providing professional and secure services to clients. Their reputation and track record have been solid, and this incident has come as a shock to many in the industry. The company has assured its clients and partners that their operations and services remain unaffected by this incident and they will continue to uphold their high standards of integrity and compliance.
In response to the SFC’s list, HashKey has also taken steps to enhance their internal processes and procedures to prevent any future misunderstandings. They have emphasized their commitment to compliance and transparency, and have urged the SFC to conduct a thorough investigation to clear their name and reputation.
As the digital asset market continues to evolve and attract more investors, it is crucial for companies like HashKey to maintain their integrity and trustworthiness. This incident serves as a reminder for all players in the industry to stay vigilant and uphold the highest standards of professionalism and compliance.
Bitcoin drop under $75K before April has under 10% chance: Analyst
Bitcoin, the world’s most popular cryptocurrency, has been on a wild ride in recent months. After reaching an all-time high of over $64,000 in mid-April, it experienced a sharp pullback, dropping to around $30,000 in just a matter of weeks. This volatility has left many investors wondering what the future holds for Bitcoin and whether it will continue to climb or fall.
According to Sean Dawson, a market analyst at Derive, the recent pullback has slightly increased the chances of Bitcoin hitting $75,000 in the first quarter of 2021. However, he also notes that the likelihood of this happening is still under 10%. So, what does this mean for Bitcoin and its investors?
First, it’s important to understand that Bitcoin’s price is influenced by a variety of factors, including market sentiment, adoption, and regulatory changes. While the recent pullback may have dampened some investors’ confidence, there are still many positive indicators for Bitcoin’s future.
One of the main drivers of Bitcoin’s potential growth is its increasing adoption by major companies and institutions. In the past year, we’ve seen companies like Tesla, Square, and MicroStrategy invest billions of dollars in Bitcoin, signaling a growing acceptance of the cryptocurrency in the mainstream financial world.
Additionally, the ongoing economic uncertainty caused by the COVID-19 pandemic has led many investors to seek alternative assets, such as Bitcoin, as a hedge against inflation. This increased demand for Bitcoin could potentially drive its price higher in the coming months.
Of course, as with any investment, there are also risks involved with Bitcoin. Its volatility and lack of regulation make it a high-risk asset, and investors should always do their own research and proceed with caution.
In conclusion, while the recent pullback may have raised some doubts about Bitcoin’s potential, there are still many positive factors that could lead to its continued growth. Whether it reaches $75,000 in the first quarter of 2021 remains to be seen, but one thing is for sure: Bitcoin’s journey is far from over.
Roger Ver’s Trump pardon plea: ‘Lawfare’ victim or tax evader?
Bitcoin Cash advocate and early cryptocurrency investor, Roger Ver, has recently made a public plea to President Trump to commute his tax evasion charges. Ver, also known as “Bitcoin Jesus,” has been a vocal supporter of Bitcoin Cash and has been involved in the cryptocurrency community since its early days.
In a recent tweet, Ver shared a photo of himself with President Trump and asked for his help in commuting his tax evasion charges. Ver has been charged with failing to report his income from Bitcoin Cash sales in 2018, which he claims was an honest mistake. He has been sentenced to 10 months in prison and has been ordered to pay over $1 million in fines and restitution.
Ver’s plea to President Trump has sparked a debate within the cryptocurrency community. Some argue that Ver should face the consequences of his actions and that his plea for clemency is unjustified. Others believe that Ver’s contributions to the cryptocurrency industry and his advocacy for Bitcoin Cash should be taken into consideration.
Ver has been a controversial figure in the cryptocurrency world, with some praising him for his early investments and support for Bitcoin Cash, while others criticize him for his involvement in the infamous Bitcoin hard fork in 2017. Despite the controversy surrounding him, Ver remains a prominent figure in the industry and has a large following of supporters.
In his plea to President Trump, Ver emphasized the potential impact of his imprisonment on the cryptocurrency industry, stating that it could discourage others from investing in and using cryptocurrencies. He also highlighted the potential for the US to fall behind in the global cryptocurrency market if its citizens are not allowed to freely participate.
As the cryptocurrency industry continues to grow and gain mainstream attention, cases like Ver’s raise important questions about the regulation and taxation of cryptocurrencies. Whether or not President Trump will consider Ver’s plea for clemency remains to be seen, but it has certainly sparked a conversation about the future of cryptocurrencies and their place in the US economy.
Getgems bets on Telegram to boost NFT adoption in 2025
NFTs, or non-fungible tokens, have had a tumultuous year. These unique digital assets, which are stored on a blockchain and represent ownership of a specific item, have faced criticism for their environmental impact and high prices. However, one company is betting on the potential of NFTs to reach a wider audience and drive adoption through utility-focused digital collectibles.
Getgems, a company that specializes in creating digital collectibles, is turning to Telegram’s massive user base of 950 million people to expand the reach of NFTs. Telegram, a popular messaging app, has been exploring the use of NFTs on its TON blockchain, which could provide a more sustainable and cost-effective platform for these digital assets.
Despite the challenges faced by NFTs, Getgems sees the potential for these unique tokens to offer more than just a speculative investment. By creating utility-focused digital collectibles, such as tickets to exclusive events or access to special features within a game, Getgems aims to provide tangible value to NFTs and attract a wider audience beyond just crypto enthusiasts.
The company’s CEO, Daniel Peled, believes that the key to NFT adoption lies in creating a seamless and user-friendly experience. “We need to make NFTs accessible and easy to use for the average person,” Peled stated. “By partnering with Telegram and leveraging their massive user base, we can introduce NFTs to a wider audience and showcase their potential beyond just being a digital asset.”
In addition to Telegram’s large user base, the TON blockchain offers advantages such as faster transaction speeds and lower fees compared to other blockchains. This could make NFTs more accessible and appealing to a wider audience, as well as address concerns about the environmental impact of NFTs.
Despite the challenges faced by NFTs, Getgems remains optimistic about the future of these digital assets. By focusing on utility and accessibility, the company hopes to drive adoption and showcase the potential of NFTs to revolutionize the way we think about ownership and value in the digital world.
DraftKings settles NFL union suit over NFT pay dispute
The National Football League Players Association (NFLPA) recently filed a lawsuit against DraftKings, one of the leading daily fantasy sports and sports betting companies in the United States. This legal action comes just a few weeks after DraftKings made the decision to shut down its non-fungible token (NFT) marketplace in July.
The NFLPA, which represents professional football players in the NFL, claims that DraftKings used the images and likenesses of its players without proper authorization or compensation. The lawsuit alleges that DraftKings violated the players’ rights of publicity and seeks damages for the unauthorized use of their identities.
This move by the NFLPA highlights the growing tension between professional sports leagues and companies that offer sports betting and fantasy sports services. With the rise of NFTs, which are unique digital assets that can represent ownership of a digital item, the use of player images and likenesses has become a hot topic in the sports industry.
DraftKings’ NFT marketplace, which launched in April, allowed users to buy, sell, and trade digital collectibles featuring NFL players. However, the marketplace was abruptly shut down in July, leaving many users and investors disappointed.
The NFLPA’s lawsuit is not the first time that DraftKings has faced legal action over the use of player images. In 2019, the company settled a similar lawsuit with former NFL player Richard Sherman for an undisclosed amount.
This latest lawsuit serves as a reminder that the use of player images and likenesses is a complex and sensitive issue, and companies must ensure they have proper authorization and compensation in place before using them. As the popularity of NFTs continues to grow, it is likely that we will see more legal battles over the use of player images and likenesses in the future.
Tuttle files 10 leveraged crypto ETFs as issuers test limits: Analysts
Tuttle Capital, a leading investment firm, has recently made a bold move by filing for ETFs (Exchange-Traded Funds) that will focus on memecoins. This includes coins that have gained popularity through social media platforms, such as Dogecoin and Shiba Inu. The most surprising aspect of this news is that the ETFs will also include coins associated with former US President Donald Trump and his wife, Melania Trump.
This move by Tuttle Capital has sparked a lot of interest and speculation in the investment world. Memecoins have been a hot topic in recent months, with their value skyrocketing and then plummeting, causing a lot of volatility in the market. The addition of Trump-associated coins to the ETFs will surely add to the excitement and unpredictability of this investment opportunity.
However, some analysts are questioning the timing of this move, as it comes just months after the Trump administration’s strict regulations on cryptocurrency. During his presidency, Trump had expressed his skepticism towards digital currencies, and his administration had implemented strict regulations to control their use. This move by Tuttle Capital will undoubtedly test the limits of these regulations and could potentially open up new opportunities for memecoins in the market.
The decision to include Trump-associated coins in the ETFs also raises questions about the future of memecoins and their role in the investment world. With the former president’s controversial reputation, some investors may be hesitant to put their money into these coins. On the other hand, others may see this as a unique opportunity to capitalize on the popularity and unpredictability of Trump and his brand.
Only time will tell how successful these ETFs will be and what impact they will have on the memecoin market. But one thing is for sure, Tuttle Capital’s bold move has certainly caught the attention of investors and analysts alike. It will be interesting to see how this plays out and what other surprises the world of memecoins has in store for us.