business news

Bitcoin futures remind one expert of the risky products that caused the financial crisis

CME Group will offer bitcoin futures, pending approval. Joe Saluzzi of Themis Trading thinks that it would be a mistake to give the products the go-ahead, citing the unregulated exchanges upon which bitcoin trades. He worries that if the futures are given the OK, it would catalyze approvals for bitcoin …

business news

Tax reform was possible in 1986, but Republicans aren’t following the same playbook that worked then

A lot of Republicans in Congress cite the Tax Reform Act of 1986 as a model for the tax plan they hope to implement in the next few months. They lament the fact the tax code hasn’t been overhauled in 31 years, and say they want to do it again. But …

business news

Bitcoin is skyrocketing because 2 of the biggest exchange groups in the world are launching bitcoin futures — here’s what that means

CME Group, a leading marketplace for derivatives which handles 3 billion contracts worth about $1 quadrillion annually, is set to roll out bitcoin futures by the fourth quarter. A bitcoin future will allow investors to bet on the future price of bitcoin without having to actually hold the coin itself. It …

business news

Disney’s requirements for the new ‘Star Wars’ movie have angered some movie theaters (DIS)

Disney is requiring movie theaters that show “The Last Jedi” hand over 65% of ticket sale revenue, and play it in their largest auditoriums for at least four weeks. Some small independent theaters are deciding not to show it.   When you are the king of the mountain, you can …

business news

We just got a super smart and simple explanation of what a bitcoin fork actually is

Bitcoin split in two in August when the digital currency officially forked creating Bitcoin Cash. Bitcoin gold was created when bitcoin forked again in October. And now the SegWit2x fork is looming. Meanwhile, bitcoin continues to hit new record highs.  We asked Nolan Bauerle, the director of research at CoinDesk, to come in …