Joshua Coleman

Kraken Crypto Site Buys CFTC Exchange

Another prediction market could soon see the light of day in the United States: Kraken. The Wyoming-based cryptocurrency exchange on Thursday announced a $100 million purchase of Small Exchange, which is registered with the Commodity Futures Trading Commission (CFTC) as a Designated Contracts Market (DCM) and is therefore able to operate as a federally regulated…

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AI Will Replace Most Humans, But Then What?

Does technology increase employment more or replace more employment? This is a long-standing debate. But recent academic work suggests that technology has been a net destroyer of jobs for decades. The opinions expressed here are those of the author, CEO and co-CIO of Eurizon SLJ Asset Management. Artificial intelligence and robotics could quickly accelerate this…

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Bitcoin holds $110,000, but traders are simply betting $1.15 billion on a crash to $104,000

Bitcoin Institutional traders bet more than $1.15 billion on downside protection in the past 24 hours, with puts accounting for 28% of total market trading even as Bitcoin held more than $110,000. Greeks live reported Trading was concentrated in shallow out-of-the-money puts for this week and month, with a trading range of $104,000 to $108,000…

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