Choose your location
CoinDesk
Deribit's New Bitcoin, Ether Options Tied to U.S. Elections Get Thumbs Up From Crypto Traders
Leading crypto options exchange Deribit announced new options on Tuesday that would allow traders to effectively manage their bitcoin {{BTC}} and ether {{ETH}} positions in the context of the outcome of the pivotal U.S. presidential elections on Nov. 4. The introduction of the so-called election expiry options tied to market leaders bitcoin and ether has garnered positive feedback from traders. "The U.S. election is a focal point for risk assets [including crypto] and will have a binary effect on fiscal policy and financial stability. Options are an important tool for hedging this uncertainty, so it's natural for Deribit to list this tenor," Jeff Anderson, a senior trader at STS Digital, told CoinDesk. The impending election may be most important for cryptocurrencies, as Republican candidate Donald Trump has recently embraced digital assets, standing apart from his rival incumbent, Joe Biden. Though Trump has not yet set out detailed proposals for crypto regulation, his recent outreach to bitcoin miners and his promised appearance at the upcoming Nashville conference has won him the industry's support, establishing BTC and the wider market as a bet on his presidency.
U.S. Senator Who Called Bitcoin 'Ideal Choice for Criminals' Is Convicted of Bribery
U.S. Senator Bob Menendez (Dem) from New Jersey, a staunch crypto critic, was found guilty of accepting bribes, including gold bars and a luxury car, in exchange for his political clout by a jury on Tuesday.
After Court Order, Craig Wright Updates Website With Admission He Is Not Bitcoin Creator Satoshi
A U.K. court ruled earlier this year that Wright was not the inventor of bitcoin and had lied “extensively and repeatedly” and forged documents in his attempt to convince the world otherwise.
Bitcoin Miner Northern Data Moves to Dismiss Ex-Employees’ Whistleblower Suit
European bitcoin mining firm Northern Data is pushing back against a whistleblower suit filed by two former executives of the company who say they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion.
Detained Binance Exec Tigran Gambaryan Wheeled into Nigerian Court as Health Deteriorates
Detained American Binance executive Tigran Gambaryan had to be pushed into an Abuja, Nigeria courtroom today in a wheelchair, after a herniated disc in his back left him in severe pain and “hardly able to walk,” according to a Monday report from his family.
Bitcoin ETF Traders Bought the Dip and Now Are Buying the Rebound as Inflows Topped $300M Monday
Lifetime net inflows into the U.S.-based spot bitcoin exchange-traded funds topped $16 billion on Monday as investors of late have shown themselves to be buyers in both up and down markets.
Cameron and Tyler Winklevoss Each Contributed $250,000 to New Trump-Aligned Super PAC
An elite group of venture capitalists, business moguls and tech executives including Gemini co-founders Tyler and Cameron Winklevoss have contributed a combined $8.75 million to a new super political action committee (PAC) backing Donald Trump’s presidential campaign.
It’s essential to note our commitment to transparency:
Our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. As a platform hosting over 100,000 pieces of content published daily, we cannot pre-vet content, but we strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation.