CBOE

Ethereum (ETH) – Price slide continues but here is why you shouldn’t sweat it

Ethereum has been experiencing a couple of days of sideways movement, which saw the coin clinging tightly to the $500 USD mark. It’s currently traded at $497.72 USD, recording a miniscule drop of 0.62% in the last 24 hours. ETH price was not able to mo…

Former Top JPMorgan Trader Says Banks ‘Have Absolutely Failed’ With Cryptocurrency

Source : Former Top JPMorgan Trader Says Banks ‘Have Absolutely Failed’ With Cryptocurrency A former high-flying JPMorgan trader turned cryptocurrency fund manager says banks “have absolutely failed to innovate in any way, shape, or form and now they’re paying the price” in the cryptocurrency market. Daniel Masters ran JPMorgan’s energy trading business in the 1990s and now oversees cryptocurrency investment at the firm Global Advisors. In an interview with Business Insider, he called cryptocurrency a “true revolution” that traditional financial institutions are dismissing as a “criminal enterprise, Ponzi scheme and a scam.” Masters, who started out as an oil trader for Shell in the 1980s, said he became interested in cryptocurrency around five years ago and refocused his firm on digital currencies two years later in 2014. He said established financiers, or what he calls “analogue financial service companies,” are in “trench warfare” with upstart digital financial servicers. In the interview, Masters said: The analogue financial services companies are not in this game at all. They don’t want to touch the core currency, which is bitcoin or ethereum, they’re suspicious about the industry itself. A lot of people think it’s a criminal enterprise and a Ponzi scheme and a scam. And the great dragon was thrown down, that ancient serpent, who is called the devil and Satan, the deceiver of the whole world—he was thrown down to the earth, and his angels were thrown down with him. #bitcoin  https://t.co/Z7tqIfKFtG — Danny Masters (@dannylmasters) February 6, 2018 ‘Ponzi Scheme’? Masters’ remarks follow a slew of negative comments by financial brass on Bitcoin and cryptocurrency just over the course of this month. European Central Bank executive board member Yves Mersch said bitcoin is “not money” and like “Mr. Ponzi’s schemes” at the Official Monetary and Financial Institutions Forum in London. The general manager for the Bank of Settlements, Augustin Carstens, said Bitcoin is a “combination of a bubble, a Ponzi scheme and an environmental disaster” at a lecture at Frankfurt University. And World Bank president Jim Yong Kim also said Bitcoin was a Ponzi scheme at an event in Washington, Bloomberg reports. Charlie Munger, the 94-year-old vice chairman of Berkshire Hathaway, has even called Bitcoin a “noxious poison” the government needs to regulate during a shareholder meeting earlier this month for the Daily Journal, a publishing firm where he serves as chairman and director, Business Insider reports. JP Morgan CEO Jamie Dimon faced backlash for calling bitcoin “a fraud,” which he has since apologized for. The remark triggered a market abuse lawsuit by algorithmic blockchain liquidity provider Blockswater for alleged violation of Article 12 of the European Union’s Market Abuse Regulation. Financiers Cozy Up To Bitcoin But some financial institutions appear to be warming up to cryptocurrencies following Bitcoin’s 1,500 percent rise in value against the dollar last year. The CBOE stock exchange started the world’s first bitcoin futures trading in December, which crashed its website due to heavy traffic. Goldman Sachs has also suggested they would open desks for trading cryptocurrency during an earnings call last month. Masters’ …

Plus…Former Top JPMorgan Trader Says Banks ‘Have Absolutely Failed’ With Cryptocurrency

France Cracks Down on Unregulated Cryptocurrency Futures Trading

Source : France Cracks Down on Unregulated Cryptocurrency Futures Trading Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month.France’s chief financial markets watchdog said Thursday that it will crack down on unregulated cryptocurrency futures and derivatives trading.In a statement, the Autorite des Marches Financiers (AMF) said that it had observed a variety of online trading platforms launch cryptocurrency-based derivatives such as binary options, contracts for differences (CFDs), and Forex contracts. The agency, which attributed this development to the “recent cryptocurrency boom,” said that it had concluded that cash-settled cryptocurrency contracts qualified as derivatives, making them subject to AMF oversight.“The AMF concludes that a cash-settled cryptocurrency contract may qualify as a derivative, irrespective of the legal qualification of a cryptocurrency,” the agency said in the statement. “As a result, online platforms which offer cryptocurrency derivatives fall within the scope of MiFID 2 and must therefore comply with the authorisation, conduct of business rules, and the EMIR trade reporting obligation to a trade repository.”The AMF added that, as regulated products, platforms were barred from advertising certain financial contracts.Bloomberg reports that at least two French trading platforms — Plus500 Ltd. and IG Group Holdings Plc. — had reported strong growth in their quarterly earnings reports, which they attributed in part to their cryptocurrency futures and derivatives products.In the US, regulated exchanges CBOE and CME began listing Bitcoin futures contracts last December, while cryptocurrency derivatives exchange LedgerX began processing orders several months earlier. Most of these products have targeted institutional investors, although CBOE’s contracts have been cheap enough — each contract represents 1 BTC compared to CME’s 5 BTC contracts — to attract interest from retail investors as well.Bloomberg notes that the AMF’s increased interest in unregulated cryptocurrency futures and derivatives trading comes amid a wider European Union (EU) crackdown on retail-focused derivatives products. EU regulators are reportedly considering banning trading platforms from marketing and selling these products to retail investors, citing concerns about volatility and investor protection.Featured image from Shutterstock.Follow us on Telegram.Advertisement

Les contrats Futures Bitcoin, explication du modèle

Source : Les contrats Futures Bitcoin, explication du modèle Dernièrement, les deux plus grandes bourses CME (Chicago Mercantile Exchange)  and CBOE (Chicago Board Options Exchange) ont lancé les contrats Bitcoin Futures. CBOE a lancé son premier contrat le 10 décembre et qui a expiré le 17 Janvier, une semaine après le lancement des contrats futures  de CBOE, le 17 décembre CME a lancé son contrat,  qui a expiré le 26 janvier. Chaque contrat CBOE représente 1 BTC, sous le symbole XBT, alors que chaque contrat de CME représente 5 BTC, sous le symbole BTC. Par la suite, NASDAQ, la deuxième plus grande bourse mondiale, a pris l’initiative de lancer le même produit pour le deuxième semestre de l’année 2018, ce qui a influencé les banques tels que Swiss bank ainsi que TD Ameritrade et JP Morgan, qui ont exprimé leur intérêt à autoriser les contrats Bitcoin. D’abord qu’est ce que les Contrats Future ? Les contrats Futures (ou contrat à terme), c’est un accord entre un vendeur et un acheteur afin d’effectuer une transaction, soit d’achat ou de vente d’un actif avec un prix spécifique à une date bien précise. Historiquement, ces contrats existent depuis des décennies, axés sur les matières premières agricoles, dans le but de négocier les ressources naturelles (comme le pétrole) et les métaux. Prenant l’exemple du marché de l’agriculture avec une histoire bien conçue. Soit disons,  les prix actuels changent tous les jours. l’agriculteur espère vendre son produit à un prix élevé. Cependant, l’utilisateur final veut les acheter à bas prix. Mais, au fil du temps, et lorsque la marchandise est récoltée et prête à être vendue, les changements de prix peuvent ne pas jouer en faveur de l’une des deux parties. Pour se protéger contre la fluctuation des prix, l’agriculteur et l’utilisateur final (l’acheteur) utilisent des contrats pour verrouiller les prix. Cela signifie que lorsqu’un contrat est émis, le produit est négocié à un prix prédéterminé plutôt qu’au prix du marché à la date de livraison. Les types de contrats Futures Vous prenez une position longue (Go Long) quand vous acceptez maintenant d’ acheter  un actif à un prix spécifique, pour être livré dans le futur (une fois le contrat expire). Il est dit que vous prenez une position courte (Go Short) lorsque vous acceptez de vendre  un actif à un prix spécifique qui sera livré dans le futur (lorsque le contrat expire). Concrètement, ces contrats ont été conçus pour se protéger contre les variation des prix sur le marché. Tandis que le vendeur et l’acheteur continuent d’utiliser ces contrats comme outil de gestion des risques, les investisseurs et les traders utilisent aussi des contrats à des fins spéculatives pour générer des bénéfices en misant sur le prix des marchandises. Ce qui est le plus important dans cet article, c’est la spéculation. Anticipant une hausse des prix des actifs, les investisseurs qui spéculent achètent des contrats avec un prix convenu. À mesure que les prix augmentent, les contrats gagnent plus en valeur et peuvent être vendus à d’autres négociants à des prix plus élevés lorsqu’ils expirent ou même …

Plus…Les contrats Futures Bitcoin, explication du modèle

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