$1.8 Billion Bitcoin Options to Expire

It’s the last Friday of the month with $1.8 billion worth of bitcoin options to expire tomorrow on Deribit, a futures and options platform. That makes it one of the biggest expiries, with $1 billion in intrinsic value at expiration betting bitcoin won’t reach $40,000. Bitcoin’s current price is $39,700 […]

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Federal Reserve To Dip Toes In The Cryptocurrency

Goldman Sachs (GS) Chief Economist Jan Hatzius believes that it is possible for Federal Reserve to come up with a digital currency. Hatzius’s comment was preceded by Federal Reserve CEO Jerome Powell who explained the requirement of a parallel currency in a presentation on May 20. Powell said, “The effective […]

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Google Search Interest for Crypto Worldwide Hits New ATH

Statistics from Google search trends show a high level of interest in cryptocurrency from retail investors, with search interest reaching an all-time high (ATH) globally.  Retail Interest in Crypto Skyrockets  According to a tweet on Wednesday (May 19, 2021), a graph showed that more people were searching for the word […]

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Stock Alert: California Water Service Down 5%

Shares of water utilities company California Water Service Group (CWT) are down 5 percent on Tuesday’s trading despite there being no company announcement to drive down the stock. In April, the San Jose, California-headquartered company had posted first-quarter net loss of $20.3 million or $0.42 per share, wider than $7.6 […]

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