This clever Bitcoin options strategy brings pro BTC traders big profits

Bitcoin’s (BTC) upcoming March 26 options expiry might become the largest ever, with $6.1 billion open interest on the line. With less than 4 days ahead of the settlement date, pro investors will have already set up strategies for the next month. Bitcoin price at Coinbase, USD. Source: TradingView As BTC price has already surged 72.7% since February, most traders are skeptical of another rally taking place over the next couple of weeks. Nevertheless, the $55,000 support has shown strength and is a signal that the uptrend is intact. Whales…

Robinhood files SEC paperwork for public offering

Robinhood Markets Inc., a popular trading app that recently expanded its cryptocurrency business, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to go public. The company confirmed Tuesday that it had confidentially submitted a draft registration statement on Form S-1 with the SEC relating to the proposed public offering of its common stock. Form S-1 requires companies to provide more detailed information on the planned use of capital proceeds., as well as a brief prospectus on the proposed security. While Robinhood didn’t specify when the…

Federal judge’s decision could be a blow for the privacy rights of crypto users

A federal judge has implied that an individual may not have the right to force the Internal Revenue Service, or IRS, to expunge financial records it obtains from crypto exchanges. In granting a motion to dismiss filed in December, Judge Joseph DiClerico in the District of New Hampshire suggested the Internal Revenue Service has no obligation to honor requests to purge crypto transaction records it received from Coinbase or other exchanges regarding information for federal taxes. Dismissed in part for lack of jurisdiction, the civil rights case filed by plaintiff…

FTX Will Likely Get Naming Rights to Miama Heat Arena

Key Takeaways FTX will likely gain naming rights to the Miami Heats’ home stadium in a $135 million deal following a vote on Friday. Naming rights are currently owned by AmericanAirlines. Basketball and cryptocurrency have recently intersected in numerous ways thanks to the NBA and its teams. Share this article Crypto exchange FTX will likely gain the naming rights to the Miami Heats’ sports arena, according to the Miami Herald. FTX Buys Stadium Rights Over the past several weeks, FTX negotiated a $135 million deal to gain naming rights for…

Coinbase listing effect reemerges as Ankr, Curve (CRV) and Storj rally

On March 23 the Coinbase listing ‘bump’ reemerged as the exchange announced that it would list Ankr (ANKR), Curve DAO Token (CRV), and Storj (STORJ) on Coinbase Pro.   A blog post from the top U.S.-based cryptocurrency exchange stated that inbound transfers for ANKR, CRV and STORJ are available beginning March 23 with trading set to “begin on or after 9 AM Pacific Time (PT) Thursday, March 25, if liquidity conditions are met.” CRV/USDT vs. ANKR/USDT vs. STORJ/USDT 1-day chart. Source: TradingView While there has been previous debate as to whether or not…

Bitcoin Technicals Overheated, But Bullish Fundamentals Remain Unfazed

Bitcoin price is currently reeling due to a series of rejections above $60,000. After such a powerful impulse upward, technicals are severely overheated and beginning to turn down. But regardless of any technical-driven selloff that might result, such continued bullish fundamentals in the leading cryptocurrency by market cap could keep prices from going too low, and rebounding quickly even if they do. Bearish Bitcoin Technicals Hint At First Serious Correction Ahead After six full months of green candles and growth of nearly $10,000 per month during that bullish stretch, the…

$5.5 Billion Worth of Bitcoin Options Expire on Friday

Key Takeaways Bitcoin call options worth $2.6 billion and put options worth $2.8 billion will expire on Friday, March 26.  A large Open Interest volume threatens to push this value to the maximum pain price at the time of expiration. The long-term strategy of institutional investors and fresh buying pressure could limit the size of the correction. Share this article Bitcoin options worth $5.5 billion in notional value are set to expire on Friday, threatening a drop to the maximum pain price of $44,000.  Bitcoin Options Set to Expire Quarterly…

Gambling tokens hit the jackpot as COVID-19 lockdowns drag on

Global developments over the past year have reshaped all aspects of daily life for most people and initiated some structural changes in how society operates. Lockdowns and travel restrictions have led to the rise of remote working and altered the way people make use of their free time.  The coronavirus pandemic essentially shut down travel and this has had a direct impact on most entertainment hubs around the world. Gambling destinations like Las Vegas and Macau were pulverized by the pandemic and most of the world’s most popular sporting events…

Institutional managers hold a record $57B worth of crypto, according to CoinShares

Inflows into cryptocurrency investment products topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions.  In its weekly inflows report, digital asset manager CoinShares, said net inflows into digital asset investment products rose by $99 million for the week ended Mar. 19. Grayscale generated $9.1 million of inflows, bringing its year-to-date total to $2.373 billion. Flows into CoinShares declined by $25.9 million from the previous week. Year-to-date flows have declined by $93 million. Grayscale is by far the world’s…

Coinbase to List ANKR, CRV, and STORJ

Key Takeaways Coinbase Pro revealed it is preparing to list Ankr, Curve DAO Token, and Storj on its retail platform on Mar. 25. The announcement has seen a significant number of investors rush to exchanges to get a piece of these cryptos. These altcoins have risen more than 40% in the last few hours and may have more room to go up. Share this article Coinbase is adding fuel to the bull run as it continues listing more tokens to its retail platform. The San Francisco-based cryptocurrency exchange revealed that…