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CME Leveraged Funds Double Down on Shorts as Bitcoin Maintains $19,000

Fresh off of bitcoin’s record high in late November, leverage funds trading bitcoin futures on the Chicago Mercantile Exchange continue adding to their short positions as the leading cryptocurrency trades above $19,000.Update (Dec. 5, 17:38 UTC): This article has been updated to reflect the carry trade possibility for short OI increase

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Chinese State Media Maintains the ‘Yes Blockchain, No Cryptocurrency’ Policy

Last week, Chinese President Xi Jinping made several positive remarks regarding blockchain adoption, which sent the share prices of various blockchain-related firms to higher levels. The comments from the Chinese leader also skyrocketed Bitcoin(BTC)trade, resulting in last week’s rally that the crypto market witnessed.However, the Chinese state newspaper the People’s

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China’s New Cryptocurrency Ratings See BTC Slip While Embattled EOS Maintains Number One

China has released its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin (BTC) in 18th while awarding the top spot to domestic blockchain platform EOS (EOS). The rankings were released in a press release on Dec. 21.China’s Center for Information and Industry Development (CCID) under the Country's Ministry of Industry

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CFTC Shows Force Against Crypto Scammers, but Maintains ‘Do No Harm’ Approach

This week, a United States federal district judge ruled that an allegedly fraudulent crypto token meets the definition of a commodity. That brought the case under the Commodity Futures Trading Commission’s (CFTC) purview, which has long argued that virtual currencies constitute commodities. Here what it means — and how the

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