Bitcoin

In October, traders doubled the amount of open long positions in bitcoin futures from 500 BTC to more than 1000 BTC on the Chicago Mercantile Exchange (CME). Long positions held by institutional accounts at the CME have been rising again in October. For reference, institutions include pension funds, endowments, insurance companies, mutual funds & portfolio / investment managers whose clients are […]

Economist Stephen Moore, an agent of Donald Trump, co-founded Frax, which will release the eponymous stablecoin to compete with central banks, Fortune reports. Its partners were Sam Cazemian, co-founder of Everipedia (a blockchain competitor to Wikipedia) and former adviser to the Reagan administration Ralph Benko. “Central banks will soon feel competition from private currencies like Frax. The days of state currency monopoly are numbered, ”said Moore. Is he […]