Crypto Derivatives Trading Platform FTX Raises $8 Million

FTX, a new cryptocurrency derivatives exchange and trading platform, has raised $8 million in a funding round led by blockchain-focused fund Proof of Capital, Consensus Lab, FBG and Galois Capital. Proof of Capital is a $50 million venture capital (VC) fund launched in April 2019 by partners from Horizons Ventures, Greylock Partners and 500 Startups, and backed by the likes of HTC and YouTube co-founder Steve Chen. The fund invests in early-stage blockchain startups with a focus on fintech, infrastructure, hardware and consumer products, and made one investment prior to…

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Inverted Yield Curve Signals U.S. Recession; Can Bitcoin Save Investors?

Recession indicators in the U.S. bond market just flashed their deepest warning signals since the period that led up to the 2008 financial crisis. Can bitcoin work as a safe haven and protect investors in the event of a U.S. recession? Popular Recession Indicator Flashes Warning Signals In stock markets, the summer months tend to be the least volatile trading periods of the year. However, the main U.S. stock benchmarks just had the worst trading day of 2019 on Monday after China made the decision to ramp up its trade…

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Google's Stock Now Has a Greater Chance of Crashing on DOJ Probes

President Donald Trump attacked Google CEO Sundar Pichai in his latest tweetstorm. It’s standard Donald Trump to jawbone at his opponents, and Google would be wise to pay attention. Donald Trump usually follows his attacks with real action. Check out what @Google is up to for the 2020 election! #KAG2020 pic.twitter.com/roM2WNmUSP — Donald J. Trump […] The post Google's Stock Now Has a Greater Chance of Crashing on DOJ Probes appeared first on CCN Markets

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