Crypto Bull Ben Askren Readies Bitcoin $10,000 as Price Pumps

Crypto bull and UFC fighter Ben Askren is waiting for the bitcoin price to cross $10,000, saying it could happen as soon as today. | Source: Shutterstock; Edited by CCN By CCN Markets: Crypto fever is spreading to the UFC Octagon. MMA fighter Ben Askren is anxiously awaiting the bitcoin price crossing $10,000. He joined the Crypto Twitter chorus, saying “10k...

Tesla Suffers Blow After Analyst Warns Demand ‘Likely Not Sustainable’

Tesla was hurt by a negative note from a Goldman Sachs analyst who questioned the sustainability of demand beyond the second quarter. | Source: Shutterstock By CCN Markets: Goldman Sachs analyst David Tamberrino delivered some ugly thoughts about Tesla’s stock, and it relates the sustainability of demand. There is a lot of that going around. Tesla’s Success is Due to Government Rent-Seeking...

FATF to Strengthen Control Over Crypto Exchanges to Prevent Money Laundering

Today’s Financial Action Task Force’s (FATF) announcement focused on digital currency’s role in money laundering and heightened regulation, as Secretary Steven Mnuchin noted in his closing remarks.The FATF — an intergovernmental organization that focuses its efforts on fighting money laundering — is planning to strengthen control over cryptocurrency exchanges to preclude digital currencies from being used in money laundering and related...

Mike Novogratz’s Galaxy Digital to Launch Crypto Options Contracts Trading: Report

Mike Novogratz’s crypto investment bank Galaxy Digital is expanding its services to offer crypto options contracts trading, industry media outlet The Block reports on June 21.According to the report, Galaxy Digital’s new initiative is made in response to increasing demand from institutional investors in order to hedge the high volatility that is a calling card of crypto assets.Bitcoin (BTC) options are...

Bitcoin Price Hits New 2019 High Inching Closer to $10,000 ‘FOMO’

Bitcoin (BTC) set a new 2019 high on June 21, hitting $9,800 and firmly beating daily returns of almost all major cryptocurrencies.Market visualization courtesy of Coin360Data from Coin360 put BTC/USD trading at around $9,675 at press time Friday after a minor correction from earlier highs.The performance further cements bitcoin’s bullish progress over the past three months, surprising investors once more after...