Tag: futures

Bitcoin Could Either Become Preferred Currency For International Trade Or Face a ‘Speculative Implosion,’ Citi Says

An anonymous reader quotes a report from Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla and Mastercard, bitcoin could be at the…

Canadian Regulator Clears Launch of World’s First Bitcoin ETF

Canada’s main securities regulator has cleared the launch of the world’s first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest. Reuters reports: The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a…

Government Agencies Begin Investigating Robinhood, Reddit Over GameStop Stock

An anonymous reader quotes a report from CNET: GameStop’s stock price shot through the roof in late January thanks to traders on Reddit. Now at least two government agencies are reportedly investigating why it happened as well as what roles Reddit and trading app Robinhood played in the stock market craziness. The Department of Justice’s fraud section and the San Francisco…

Boston Globe Will Consider People’s Requests To Have Articles About Them Anonymized

The Boston Globe is starting a new program by which people who feel an article at the newspaper is harmful to their reputation can ask that it be updated or anonymized. From a report: It’s reminiscent of the E.U.’s “right to be forgotten,” though potentially less controversial, since it concerns only one editorial outlet and not a content-agnostic search engine. The…

High-Frequency Traders Push Closer To Light Speed With Cutting-Edge Cables

High-frequency traders are using an experimental type of cable to speed up their systems by billionths of a second, the latest move in a technological arms race to execute stock trades as quickly as possible. From a report: The cable, called hollow-core fiber, is a next-generation version of the fiber-optic cable used to deliver broadband internet to homes and businesses. Made…

Wall Street Begins Trading Water Futures as a Commodity

Wall Street has begun trading water as a commodity, like gold or oil. The country’s first water market launched on the Chicago Mercantile Exchange this week with $1.1 billion in contracts tied to water prices in California, Bloomberg News reported. From a report: The market allows farmers, hedge funds, and municipalities to hedge bets on the future price of water and…

Owners of BitMEX, a Leading Bitcoin Exchange, Face Criminal Charges

An anonymous reader quotes a report from The New York Times: American authorities brought criminal charges on Thursday against the owners of one of the world’s biggest cryptocurrency trading exchanges, BitMEX, accusing them of allowing the Hong Kong-based company to launder money and engage in other illegal transactions. Federal prosecutors in Manhattan indicted the chief executive of BitMEX, Arthur Hayes, and…

After 48 Years, Democrats Endorse Nuclear Energy In Platform

It took five decades, but the Democratic Party has finally changed its stance on nuclear energy. In its recently released party platform, the Democrats say they favor a “technology-neutral” approach that includes “all zero-carbon technologies, including hydroelectric power, geothermal, existing and advanced nuclear, and carbon capture and storage.” Robert Bryce writes via Forbes: That statement marks the first time since 1972…

Learn Four Techniques to Help You Prepare for the Unexpected

By Jane McGonigal, PhD, Director of Game Research and Development at the Institute for the Future and lead instructor of the Futures Thinking Specialization If the year 2020 has shown us anything so far, it’s that we all need to get better at expecting the unexpected.  The COVID-19 pandemic has changed the way we work, […]
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