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Enlarge (credit: Aurich Lawson / Getty) When Valve first started accepting Bitcoin as an option for Steam purchases last April, the cryptocurrency was trading around $ 450. Today, with Bitcoin surging past $ 12,000 per coin, Valve has announced that “Steam will no longer support Bitcoin as a payment method on our platform due to […]
Reuters / John Gress Markets around the world have been grappling with historically low volatility for some time now. And Societe Generale thinks they’re finally due for a reckoning. In fact, the situation has gotten so untenous that it’s reminding the firm of the period leading up to the most recent financial crisis. Back in […]
Wikimedia Commons One of the market’s hottest trades this year has involved betting on stocks to sit still. The wager in question is shorting the CBOE Volatility Index, or VIX, and many investors are big fans. Following a recent short-term increase in the VIX, traders added almost $ 400 million of exposure to the trade. […]
ChinaFotoPress/Getty Images Despite increased volatility across global markets last night, the world’s biggest cryptocurrencies stayed clear of the drama. Escalating tensions between the US and North Korea have rattled major assets classes this week. Overnight, US stocks snapped out of their recent calm streak, falling by 1% as bond yields rallied and money moved into safe […]
REUTERS/Brendan McDermid To “bond king” Jeffrey Gundlach, the market hasn’t simply been sitting still. It’s been coiling. In other words, under a seemingly placid surface, the co-founder and CEO of DoubleLine Capital sees conditions brewing that could eventually unleash price swings upon a market so starved for them. As for a potential trigger, Gundlach has […]
Getty Images Change is coming to the Federal Reserve. Two of the seven seats on the Board of Governors have been open since 2013 as nominees never made it as far as confirmation hearings. Fed Governor Daniel Tarullo, who heads supervision and regulation, has announced plans to retire in April. In addition, Fed Chair Janet […]
