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Netflix EverMarkets is gunning for the bitcoin derivatives business of CME and Cboe Global Markets. The company, which announced Tuesday it is coming out of stealth mode, draws some inspiration from IEX and offers an alternative model to current futures markets. Michael Lewis’ hit 2014 book, “Flash Boys,” chronicled the journey of Brad Katsuyama and […]
Enlarge / A monitor displays Equifax Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York on Friday, September 15, 2017. (credit: Michael Nagle/Bloomberg via Getty Images) Federal authorities have charged a senior Equifax executive with insider trading for allegedly selling almost $ 1 million worth of company stock 10 […]
Former Equifax executive Jun Ying has been charged with insider trading by the SEC after he allegedly sold off over $ 1 million worth of shares before the company’s high-profile data breach was disclosed last year. Ying was indicted by a federal grand jury on Tuesday, after allegedly making over $ 1 million in profit […]
Two digital-oriented companies have teamed up to establish a benchmark price for ethereum, the world’s second-largest cryptocurrency by market value. The New York-based blockchain application startup ConsenSys, in partnership with TrueDigital, a subsidiary of global electronic exchange for interest rate swaps trueEX, announced plans to develop a target reference index for ethereum prices. The move […]
Enlarge / Two posters, one ambitious game. (credit: Valve) BELLEVUE, Washington—I was about to sit down to play Valve’s first new PC game series in five years. But this being Valve, the world’s first press demo for Artifact was preceded by something almost equally rare: a speech from company cofounder Gabe Newell. The speech wasn’t just […]
Canada, the European Union, South Korea and Mexico stand to lose the most from Trump’s steel tariffs, although Canada and Mexico may be ruled exempt. Research from the Peterson Institute for International Economics also speculates on how US trade partners may retaliate. Trump’s import tariffs are here. The president confirmed this morning that the US will […]
The price of bitcoin has fallen to a one-and-a-half-week low on Bitstamp, following a warning from the US Securities and Exchange Commission (SEC) that some cryptocurrency trading platforms are “potentially unlawful.” In a statement posted on its website, the SEC said that if a platform offers to trade digital assets and operates as an “exchange”, […]
Coinbase cryptocurrency exchange is facing a lawsuit for alleged insider trading. The company is accused of making money on bitcoin cash illegally. Read more The price of bitcoin cash, which is a spin-off from the original bitcoin, surged almost $ 1,000, when Coinbase announced on December 19 it would start trading in the cryptocurrency. The […]
Enlarge / A visual representation of bitcoin is displayed in front of the Coinbase cryptocurrency exchange website on February 12, 2018 in Paris. (credit: Chesnot / Getty Images) In recent weeks, Coinbase has been hit with three federal lawsuits, alleging various types of wrongdoing ranging from security negligence to wrongfully keeping bitcoins to insider trading […]
Sergio Moraes/Reuters Armando Diaz, Citigroup’s global head of cash trading, is leaving the firm. This was his second stint at Citigroup, whose cash equities business has been making headway in the past year. Citigroup’s global head of cash trading is leaving the firm. Armando Diaz, who was hired in 2016 to revive Citi’s moribund global […]
