Mar 15, · The CBOE Futures Exchange (CFE) will halt the trading of Bitcoin futures once the current contract has expired due to dwindling trade volume. The exchange . rows · Symbol Company Market Halt Reason Resume Date Quote Time Resume Time; All times . 2 days ago · Cboe Discontinues Bitcoin Futures for Now The Chicago Board Options Exchange (Cboe) has announced that it is dropping any new bitcoin futures contracts this month. The decision may have been necessitated by low trading volumes. Cboe indicated that its CFE futures platform was currently pondering its position on cryptocurrency derivatives trading.
Cboe trading halt bitcoinBitcoin Futures Will No Longer Be Traded On CBOE | Coinspeaker
CBOE stops trading Bitcoin futures starting from June 19, while CME has recently enjoyed a record high volume of 33, contracts for cryptocurrency derivatives.
With the expiration of the last contract, the trading of cryptocurrency derivatives will be officially closed, with no more futures to follow on the exchange. The exchange announced the launch of Bitcoin futures a year and a half ago, when Chris Concannon, the then-President and Chief Operating Officer of Cboe Global Markets, claimed the derivatives to be real game changers set to revolutionize the traditional sphere of finance and boost cryptocurrency acceptance:.
Then the company stated:. CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading. Moreover, on May 13, CME Group reached a record high volume of 33, contracts for Bitcoin, processing more than a billion dollars in a single day.
While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading. Currently listed XBT futures contracts remain available for trading.
Last month, Bitcoinist reported that the two products have hit yearly lows in terms of volume. At the same time, commentators reacted to the news with some predicting a positive effect on the market since the XBT product was cash-settled.
All bitcoin futures should be settled physically so the insider power money cheaters find it more risky and expensive to play futures off spot and vice versa. Lately, all-time high Bitcoin volume. Bitcoin peaked in price when the CBOE futures launched. When the futures end in June we can then start the next bull run. BitPay co-founder Tony Gallippi also believes that this could set the stage for the next bull run since the bitcoin bear market has coincided with XBT.
It will be interesting to watch how the physical bitcoin-settled products, in particular, will affect bitcoin price 0 0 once they go live. Since Oct. Specifically, Coty reported a surprise profit for its fiscal first quarter, announced on Nov. The company posted adjusted earnings per share of 11 cents, compared to the 5 cents-per-share loss analysts had forecasted. Wall Street is now hopeful that Sue Nabi is taking Coty in the right direction after several failed turnaround attempts for the cosmetics company that has been in business since Professional basketball, baseball, football and hockey should welcome fans back to stadiums and resume their regular schedules.
And it all bodes well for sports betting operator Draftkings. Not only will most major sporting events resume as normal in the New Year, but there are growing expectations that more U. Analysts at Oppenheimer recently noted that many states face revenue shortfalls due to the Covid pandemic, and, as budget deficits swell, they may turn to sports betting as a new revenue source. Oppenheimer expects New York, Massachusetts, Connecticut and Ohio to legalize sports betting in the coming year.
That would certainly help lift DKNG stock to new heights. And several companies are positioned to capitalize on the 5G revolution that is expected to take society into new technological realms.
Qualcomm is one of the companies that will most likely reap rewards from 5G. The semiconductor and software manufacturer is benefiting from the use of its microchips in various 5G wireless technologies and platforms.
In particular, Qualcomm chips are being inserted into a growing number of 5G Android cell phones. And analysts see big things ahead for the stock. Morgan Stanley named Qualcomm as one of 10 stocks best positioned to benefit from the global 5G roll out.
Given the continued roll out and adoption of 5G networks and technologies around the world, the coming year looks very bright for Qualcomm and its shareholders. This is the time for companies such as UPS to shine, and the Atlanta, Georgia-based company is doing just that. UPS is ramping up its operations and working double time to meet unprecedented demand and help all of us get through the global pandemic.
Heading into , UPS has momentum on its side. The company saw strong gains in its third quarter earnings. While UPS declined to provide forward guidance on its earnings, the company has aggressively expanded its North American operations throughout The company has also hired more than 5, employees amid the pandemic. As such, the company shows no signs of slowing down heading into the New Year. Joel Baglole has been a business journalist for 20 years.
Beijing is targeting the e-commerce giant and its co-founder. Regulators are likely to go after other companies too. American and Canadian governments provide many of the same types of services for those in retirement, but the subtle differences between the two countries are worth noting. Nouriel Roubini, aka Dr. Doom, slams Bitcoin and other cryptocurrencies as being driven by manipulation. Since then, its stock has taken a remarkable rise.
Why is a bit of a mystery. A series of events — allegations of fraud committed by founder Trevor Milton, his subsequent resignation, a severely underwhelming deal with General Motors — have sent investors to the exit gates.
Now it looks like even the trash wants nothing to do with Nikola. On Wednesday, the company announced that its plan to design and build BEV garbage refuse trucks for waste collection company Republic Services has collapsed. The company has cited that the cost to build the trucks would be higher than expected and would take too long, after both sides concluded that building the refuse truck using the Nikola Tre as its base would not work. Disclaimer: The opinions expressed in this article are solely those of the featured analyst.
The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Chinese authorities investigate an e-commerce giant, Google may be tightening its grip on research and VCs weigh in on the year's biggest surprises.
China's State Administration for Market Regulation said that it's investigating the e-commerce giant over a policy that forces merchants to sell exclusively with Alibaba and skip rival platforms JD. Affiliate Ant Group Co. Roughly million shares exchanged hands, the most for a single session since its debut. Alibaba said in a statement it will cooperate with regulators in their investigation, and that its operations remain normal.
Ant said in a statement on its official WeChat account it will study and comply with all requirements. As of early December, the man most closely identified with the meteoric rise of China Inc. His very public rebuke is instead a warning Beijing has lost patience with the outsize power of its technology moguls, increasingly perceived as a threat to the political and financial stability President Xi Jinping prizes most.
Tencent and internet services giant Meituan finished more than 2. The regulations specifically warn against selling at below-cost to weed out rivals. The mouthpiece of the Communist Party said in a commentary Friday that Chinese internet companies should regard the inquiry into Alibaba as an opportunity to improve their awareness of fair competition and anti-monopoly practices. The chances that Ant will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, which in past years has boomed as an alternative to traditional state-backed lending.
China is said to have separately set up a joint task force to oversee Ant, led by the Financial Stability and Development Committee, a financial system regulator, along with various departments of the central bank and other regulators. The group is in regular contact with Ant to collect data and other materials, studying its restructuring as well as drafting other rules for the fintech industry. What Happened: On Wednesday, Inovio published a paper including Phase 1 data on INO, which was found to have been immunogenic in all test subjects.
In addition, Phase 1 testing generated no serious adverse safety events and only six Grade I adverse events, which were mostly minor injection site reactions. Yet Moderna's vaccine must be stored and transported at temperatures of negative 20 Celsius, and Pfizer's vaccine must be stored and transported at temperatures of negative 70 Celsius, colder than winter temperatures in Antarctica. INO, on the other hand, is stable at room temperature for more than one year.
It also doesn't need to be frozen during transporter storage, potentially making it faster and more cost-effective to distribute.
Benzinga's Take: Assuming it is as effective and safe as competing vaccines, Inovio's candidate could ultimately end up being the standard-bearer for COVID and future coronavirus vaccine variants. These are the top dividend stocks in the Russell with the highest forward dividend yield for January.
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