Bitcoin’s record highs push big banks’ profits to billions — Report
As Bitcoin prices soared following the election, big banks are reportedly accruing $1.4 billion from futures contracts.
Related Posts


CFTC allows ErisX to clear commodities beyond crypto
A recent license amendment from the CFTC greenlit ErisX's expansion into trading product offerings on other commodities. 2151 Total views 25 Total shares The Commodity Futures Trading Commission, or CFTC, recently approved a license modification for ErisX's clearing house. The license amendment allows ErisX freedom to offer more trading products. "The significance of the Amended Order is…

How Crypto Is Taxed in the US: A Taxpayer’s Dilemma
Last year was a bear market for cryptocurrencies. Many investors who did not know how to hedge their cryptocurrency investments saw these investments lose value from the market highs of 2017.Facing the deadline to report their taxes by April 15, 2019, United States individual taxpayers may wonder what their United States tax reporting obligations are…

Senate Banking Committee Sets Hearing on Facebook’s Crypto for July 16
The Banking Committee of the United States Senate will hear testimony on Facebook’s Libra cryptocurrency project on July 16, economic news site MarketWatch reports on June 19.The social media giant released the white paper for its Libra token yesterday. The stablecoin, will operate on a native eponymous blockchain, and will be backed by a basket…

Trader claims to lose $310K on dodgy exchange pitched in LinkedIn request
The investor said they learned about the exchange from a “random friend request on LinkedIn.”

Major Chinese Bank Updates Blockchain Platform After $50 B Transacted
The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume.CCB will actively promote blockchain platformOn Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People's Republic of China, announced the release of…

Will Telegram-linked Toncoin bounce back after Pavel Durov’s arrest?
TON traders might view the recent dip as a chance to buy low if Durov’s arrest is an isolated incident.

El Salvador’s ‘My First Bitcoin:’ How to teach a nation about crypto
The grassroots Mi Primer Bitcoin or “My First Bitcoin” program has picked up steam in El Salvador. The first cohort of Bitcoiner-come-students began studies in May this year. Founded by John Dennehy, an American activist and journalist, the program also has the support of the El Salvador government. El Salvador’s first #Bitcoin diploma program launched with the…

Pump.fun's memecoin freak show may result in criminal charges: Expert
A legal expert says Pump.fun’s extreme livestream content involves threats, scams and illegal behavior that can open up criminal investigations and civil lawsuits.