MARKETS DAILY HOLIDAYS: HODL?

Dec 18, 2019 at 10:34 UTCUpdated Dec 18, 2019 at 10:41 UTCTaiwanese phone manufacturer HTC confirmed earlier this week that it would axe jobs to remain competitive and better focus on a handful of high-end products, including the EXODUS, its blockchain phone. HTC, which has around 3,000 employees, has not disclosed the scale of the lay-offs…

Mar 25, 2020 at 20:30 UTCUpdated Mar 25, 2020 at 20:36 UTCThe $2 trillion stimulus deal in the U.S. wasn’t enough to keep many cryptocurrencies from taking a dip Wednesday. Bitcoin (BTC) was down a more than 1 percent over the past 24 hours as of 20:00 UTC, and only NEO (NEO) was a gainer,…

news The Winklevoss-owned cryptocurrency exchange Gemini will apply for a broker-dealer license from the Financial Industry Regulatory Authority (FINRA), CoinDesk has learned. This is the first step toward becoming an approved Alternative Trading System, where customers can lawfully swap digital securities. Gemini previously partnered with the tokenized securities platform Harbor, which allows institutional investors to…

news Investment banking giant JPMorgan Chase is planning to expand an existing blockchain project to include settlement features as it seeks to fend off competition from payments upstarts such as TransferWise and Ripple. The blockchain-based Interbank Information Network (IIN), set up in partnership with Australia’s ANZ bank and the Royal Bank of Canada back in 2017,…

Institutional investors may benefit from the approval of spot bitcoin (BTC) exchange-traded funds (ETFs) as these products will allow them to trade a proxy with low management fees and engage more actively in arbitrage strategies and options hedging, Goldman Sachs (GS) said in a report.Spot bitcoin ETFs were finally approved in the U.S. on Wednesday

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news The head of the Libra Association has argued that the Facebook-led cryptocurrency could be a boon to the U.N., according to Reuters. Talking at a blockchain event hosted at the U.N. headquarters in Geneva – where the non-profit association is incorporated – managing director Bertrand Perez said the cryptocurrency could help the intergovernmental organization achieve its sustainable…

Bitcoin futures trade at par or meagre premium to spot prices. The decline in premium dents the appeal of cash and carry arbitrage strategies. Bitcoin's (BTC) latest price crash has narrowed the gap between futures and spot prices, denting the appeal of carry trades that seek to profit from discrepancies between the two markets. The

news The French finance minister has said the nation plans to block Facebook’s Libra cryptocurrency in the EU over concerns that it poses a threat to the sovereignty of national currencies. According to The Independent newspaper on Thursday, Bruno Le Maire, Economy and Finance Minister of France, said: “I want to be absolutely clear: In these conditions, we cannot…