Tag: Markets

Kashi Is Ready To Fight For Prediction Markets Amid New Lawsuit

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Prediction market platform Kalshi has vowed to fight a new lawsuit from the US state of Massachusetts, which accuses the company of offering unlicensed sports betting to residents. “We are proud to be the company that has pioneered this technology and stand ready to defend it once again in a court of law,” a spokesperson for Kalshi told Cointelegraph on Friday. “Prediction markets are a critical innovation of the 21st century, and all Americans should be able to access them,” Kalshi added.  Kalshi is prepared to fight amid other legal…

CME Group launches rolling futures indices for agriculture, crypto, energy, FX, Treasury, and metals markets

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Key Takeaways CME Group has introduced rolling futures indices spanning six major asset classes: agriculture, crypto, energy, FX, Treasury, and metals. These indices serve as transparent and replicable benchmarks for their respective markets. Share this article CME Group launched rolling futures indices today, providing benchmarks across agriculture, crypto, energy, foreign exchange, Treasury, and metals markets. The new indices offer transparent and replicable benchmarks for the exchange’s leading markets. According to CME Group, the indices are designed to benchmark performance, enable new product development, and track highly liquid futures markets. The…

Crypto Markets See Flush of Green as Bitcoin Moves Closer to $5,600

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Sunday, Nov. 18: after a tumultuous week, the crypto markets are today signalling recovery, with most of the top ten cryptocurrencies seeing healthy growth of within a 1 to 7 percent range, and the vast majority of the top 100 crypto assets by market cap in the green, as data from Coin360 shows. Market visualization by Coin360 After a steep decline Nov. 14, Bitcoin (BTC) is today showing signs of gentle growth, consolidating its incremental gains in recent days to push the $5,600 price point. As of press time, the…

Crypto and Oil Market Slumps Are Sign of Approaching ‘Flash Crash’ in Markets

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Analysts from Bank of America Merrill Lynch have said that the crash in cryptocurrency and oil markets are indicators of a looming “flash crash” in markets, Reuters reported Nov. 16. The strategists reportedly suggested that rising volatility across various asset classes and deleveraging, such as that which happened in oil markets over the past weeks, are signs of the evolution of a bear market. On Nov.14, Bitcoin (BTC) price slumped below $5,400, while total market capitalization of all cryptocurrencies dropped as low as $174 billion. The price dive marked a…

Bitcoin Price Sinks to New Yearly Low as Sell-Off Batters Crypto Markets

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Twitter Facebook LinkedIn The crypto market’s extended stable action took its last breath on Wednesday as the bitcoin price dipped to a new yearly low at 5280-fiat. The BTC/USD index fell more than 12 percent ahead of the US trading session, now trading at 5439-fiat on Coinbase. The pair was trading comfortably inside a narrow trading range since September, leading many to believe that it had established a bottom around 6000-fiat. The latest selling action brought BTC/USD to its weakest mark since October 2017. The bitcoin flash-crash cannot be fit…

Crypto Markets See Slight Decline on The Day, Bitcoin Cash Makes Minor Gains

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Tuesday, Nov. 13: Cryptocurrencies have experienced a slight decline over the last day, with almost all top 20 coins by market capitalization in the red after seeing some growth yesterday, Nov. 12. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is down less than a tenth of a percent today, trading at $6,370 at press time. During the day, the lowest BTC price point was $6,345, with an intraday high aof $6,395. BTC has lost around 1.34 percent over the last week. Bitcoin 7-day price chart. Source: CoinMarketCap The…

Crypto Markets See Ongoing Mild Losses, Bitcoin Trades Below $6,400

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  Friday, Nov. 9: crypto markets are continuing to see downward momentum, with virtually all of the major cryptocurrencies at least mildly in the red, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is down just over 1 percent, trading around $6,340 at press time. After a period of protracted stability, the top coin has seen a short-lived burst of price action of late, growing Nov.7 to break above the $6,500 mark. Bitcoin has since corrected downard to trade close to the start of its weekly chart,…

Crypto Markets See Mixed Signals After Recent Downturn

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Sunday, Nov. 8: crypto markets are seeing mixed signals after a recent downturn, with the top 20 cryptocurrencies mostly in the green, as data from Coin360 shows. Bitcoin (BTC) faces minor losses, while Stellar (XLM) is the only major coin to grow steadily throughout the weekend. Market visualization from Coin360 Similar to most of the major currencies, Bitcoin (BTC) is seeing mixed signals with its price fluctuating around $6,400 as of press time. During this week, the top cryptocurrency had its main peak on Wednesday, Nov. 7, trading over $6,500…