Major Investment Firms Ready as Bitcoin Futures Launch Monday Morning

Written by:
Published on:

Bitcoin futures began going live in the Asian market early Monday morning, and they could change the game for cryptocurrencies. The new futures can be monitored on CNBC.com here.

Bookmaker now accepting most forms of crypto-currencies

The crypto-currency has seen its value increase by more than 1000 percent during 2017 alone.  Launching bitcoin futures at the Cboe gives the digital currency some legitimacy it in the eyes of institutional investors.

The digital currency was at $14,890 right at 6 p.m. New York time and then surged about $600 to $15,500.13 as of 7:17 p.m. on the Coinbase exchange.  Late last week the price hit just over $18,000.

The new futures were up 2.6 percent to $15,860 on the Cboe in very early trading. They also turned negative for a brief moment at about 6:55 p.m, CNBC reported.

Crypto-currencies now account for as much as 40% of all gambling transactions at some online gambling sites operating in so-called “grey markets”.

"So far, trading has been smooth. I think that was the biggest worry for people" heading into the launch, said JJ Kinahan, chief market strategist at TD Ameritrade. "We've been trading for about an hour and more than 700 contracts have been traded. So, I'd say this is a successful launch.”

The futures platform now allows institutional investors to join individual entrepreneurs in trading Bitcoin.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Creator Craig Wright 100% Satoshi Nakamoto Says Miami Jury: Responds to Verdict (LIVE STREAM)

It's official!  Dr. Craig Wright is Satoshi Nakamoto, founder of Bitcoin!!!

Bitmart Suspends Withdrawals Following Apparent $200K Hack

Bitmart Suspends Withdrawals Following Apparent $200K Hack

Customers of the cryptocurrency exchange Bitmart fear the worst after it confirmed a $150K hack Saturday night.  Blockchain security and data analytics firm Peckshield estimates that the loss is closer to $200 million however.

BitMart Exchange Hacked, Reportedly Loses $196 Million

BitMart Exchange Hacked, Reportedly Loses $196 Million

One of the most devastating digital currency exchange hacks on record occurred late Saturday night as Bitmart reportedly lost some $196 million in various cryptos.

Jurors in Kleiman-Wright Case Worried Over Job Terminations

"Can we please get letters for our employers to let them know this is going to keep going"...

Ayre Predicts Mistrial in Kleiman-Wright Case

Ayre Predicts Mistrial in Kleiman-Wright Case

"Plaintiff could not meet the burdon of proving their case because only Craig is Satoshi and this is what came out in court," Ayre notes.