Omkar Godbole

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.

Omkar Godbole

Latest from Omkar Godbole


Markets

Bitcoin Drop Squeezes Out Weak Derivatives Positions – And That May Be a Good Thing

Bitcoin’s latest price drop may have a silver lining.

coindesk-BTC-chart-2020-08-26

Markets

Binance Exchange to List Paxos' Gold-Backed Cryptocurrency

PAX Gold, a gold-backed digital asset created by Paxos, will soon launch for trading on Binance.

(dario hayashi/Shutterstock)

Markets

First Mover: Ether Price Swings Make Bitcoin Look Tame as DeFi Speculation Spreads

The success of DeFi on the Ethereum blockchain has brought traders more than just congestion and high transaction fees: Volatility in ether prices.

Ether volatility is brewing. ("Approaching Thunder Storm, Martin Johnson Heade/Metropolitan Museum of Art, modified by CoinDesk)

Markets

Jerome Powell's Coming Inflation Speech May Weigh on Dollar and Boost Bitcoin: Analysts

The Federal Reserve chief is expected to bolster expectations of inflation in a keynote address Thursday. That may be bad for the U.S. dollar but good for bitcoin.

Federal Reserve Chairman Jerome Powell

Markets

Ether Volatility Now Highest in Six Months Compared With Bitcoin’s

Investors are pricing more volatility in ether compared to bitcoin. It's yet another consequence of this year's boom in decentralized finance, or DeFi.

Spread of ether's implied volatility over bitcoin's.

Markets

First Mover: Anything-Goes Token Market Repudiates Rich-Only Venture Capital Club

Venture capital is no longer just for the rich, as crypto markets let traders bet on early-stage digital-asset startups, risks included.

Cryptocurrency markets could make the clubby world of venture-capital investing more democratic. (Damonrand/Creative Commons, modified by CoinDesk)

Markets

Leveraged Funds Take Record Bearish Positions in Bitcoin Futures

The funds likely boosted short positions to take advantage of attractive "cash and carry" yields.

CFTC report data on bitcoin futures (chart via Skew)

Markets

0x Price Hits Two-Year High on Hopes Falling Ethereum Fees Will Spur DEX Trading

Markets excited by the prospect of declining ETH fees may have caused a surge in 0x, an Ethereum-based DEX that will benefit from decongestion.

(CoinDesk)

Markets

First Mover: Wacky Bitcoin-to-DeFi Crypto Markets Might Be New Home of Capitalism

Cryptocurrency markets from bitcoin to DeFi might be full of rampant speculation, but they also might be keeping the fires of capitalism lit.

New digital markets might be the place where capitalism is getting revived. ("Portraits at the Stock Exchange" by Edgar Degas/Metropolitan Museum of Art, modified by CoinDesk.)

Markets

Bitcoin Options Open Interest Nears All Time High – But Rise in Puts Could Presage Drop

While soaring open interest can be a sign of a continuing trend, the offloading of calls suggests bitcoin could correct further.

Maria Prymachenko. Ukrainian bull. 1977
(Ввласенко/Wikimedia Commons)