Tags : Traders

Bitcoin

Despite no laws, Indian minister says traders must pay taxes

An official from India’s ministry of finance said Monday that all gains from trading cryptocurrencies like Bitcoin were liable to income tax, as per a report on markets outlet Financial Express. The sector exists in a legal grey area in the country, and investors were so far (seemingly) confused about whether to declare their gains […]Read More

Market

Exchange Tokens Hit New All-time Highs as Stock Traders Rush

Some retail equities traders, frustrated with recent restrictions on stock buying on trading platforms including Robinhood, are turning their attention to centralized and decentralized cryptocurrency exchanges (CEX and DEX, respectively), according to new data. That’s helping to drive several of these exchanges’ tokens to new highs. Last week GameStop (GME) and and other stocks involved […]Read More

Market

Retail Traders Sue Robinhood Over Meme Stock Restrictions

Retail traders in two U.S. states sued Robinhood Markets Thursday over its decision to prevent buy orders on GameStop and other so-called “meme stocks” swept up in the Reddit-fueled trading frenzy. The separate suits slam Robinhood over a decision that had immediate repercussions for impacted shares. GameStop, which had been soaring for days on short […]Read More

Market

Bitcoin Option Traders Hedge Against Downside Risk as Price Dips

Amid another price downturn Thursday, bitcoin options traders appear to be becoming less bullish on the immediate prospects for the cryptocurrency. The one-week put-call skew, which measures the spread between prices of short-term puts and calls, has risen to a five-week high of 14%. The skew had bottomed out near an extremely bullish -33% just […]Read More

Market

Bitcoin’s Price Must Pass $40K to Halt Exodus of Traders:

JPMorgan analysts see bitcoin’s price tag of $40,000 as a key battleground that bullish traders need to retake in order for the cryptocurrency’s meteoric rise to continue. According to a report by Bloomberg on Monday, unless bitcoin‘s price can break out above $40,000 the cryptocurrency could see further downside. Greater input from the multi-billion dollar […]Read More