Episode 988 • • 1:17:50 - 1:22:01
988: Don's Dentures
Bitcoin Futures, NiceHash Hack and Market Manipulation
The launch of Bitcoin futures on the CBOE introduces margin trading to the cryptocurrency market, allowing for significant bets on price movement. Meanwhile, the NiceHash exchange reported a $62 million theft of Bitcoin, highlighting the risks of storing assets on third-party servers. The discussion explains the mechanics of futures contracts and the potential for market manipulation by large entities.