Capitalizations Index – B ∞/21M
Five men in South Korea were arrested on Thursday for illicitly injecting crypto mining malware into more than 6,000 computers. Local police and the Korean National Police Agency Cyber Bureau said in an official statement that a group of five hackers led by a 24-year-old Kim Amu-gae released 32,435 emails containing cryptocurrency mining malware targeting
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zerohedge.com / by Tyler Durden / Apr 7, 2017
Over the past several months, one of the proposals floated on this website to explain the strange collapse in volatility at a time when uncertainty has soared, was the so-called “negative convexity” gamma trade, demonstrated best by the in mid-February, according to which traders buying vol has led to dealers offsetting these purchases with more than proportional purchases of offsetting underlying assets as a hedge, in the process pushing sending realized – and thus implied – volatility even lower.
Today, the WSJ picks up on this idea, and looks at a possible “feedback loop” scenario in which selling of volatility leads to even more selling of volatility, resulting in a market in which the VIX appears oddly disconnected from prevailing nervous sentiment. According to the WSJ’s Jon Sindreau, the theory, advanced by several money managers, bankers and analysts, “describes a type of feedback loop in which calm markets make selling insurance against sharp swings in asset prices profitable, which makes the markets more calm, which then makes selling insurance yet more attractive. And on and on.”
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The Crypto Show: Space-X Co-founder Jim Cantrell & David Johnston Of Factom On today’s show we’re very honored to have Jim Cantrell Co-founder of Space-X and Vector Space. Jim’s son is Colin Cantrell creator of […]