Wybo Wiersma – a 40-year-old Oxford University graduate – has been sentenced to four and a half years in prison after scamming over $2 million in crypto from unsuspecting victims. Following his arrest in 2019, the Dutchman was extradited from the Netherlands back to the United Kingdom (UK) in 2021. Following a five-year investigation by the South East Regional Organised Crime Unit (SEROCU), he pled guilty on January 26 to the Oxford Crown Court. A Five-Year Investigation As reported by…
Options Trading
What Is Time Decay in Crypto Trading?
Time decay in crypto trading refers to the decrease in the value of an option as time passes. It is also known as the "theta" in options trading. The rate of time decay accelerates as the option's expiration date approaches. A practical example of time decay in crypto trading would be an investor buying a 1-month call option on a cryptocurrency with a strike price of $10,000. Suppose the cryptocurrency's current price is $9,000, and the investor believes it will…
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