Sentences with phrase «contracts against the cryptocurrency»
Bitcoin futures may provide a way for hedge funds to place massive short contracts against the cryptocurrency.
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Cointelegraph Bitcoin futures may provide a way for hedge funds to place massive short contracts against the cryptocurrency.
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While it's no secret that US officials are interested in closer oversight of cryptocurrency activities - a group of influential senators pushed for this kind of policy shift in late May - the IRS contract is notable given the tax agency's investigation of potential tax avoiders and its ongoing lawsuit against exchange startup Coinbase.
It sets capital requirement for protecting the cryptocurrency exchange operators against fraud while introducing smart contracts within the country.
The futures contract will trade under the ticker symbol «XBT» and will be cash settled against the price quoted by Gemini Trust, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss.
Once launched, Bitcoin futures contracts would allow investors and traders to trade the cryptocurrency at a certain market value, something that would hedge against any risks that the digital currency may suddenly plunge in value.
ProShares Bitcoin ETF and ProShares Short Bitcoin ETF would each hold Bitcoin futures contracts, providing retail investors with the ability to indirectly invest in the flagship cryptocurrency — or bet against it — through a familiar investment product.