..

Major Investment Firms Ready as Bitcoin Futures Launch Monday Morning

Written by:
Guest
Published on:
Dec/10/2017

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 Beat: BTC Nosedives, April 20 ‘Doge Day’?

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Plus Calvin Ayre talks Bitcoin SV and why it is the most valuable blockchain network.

The Bitcoin White Paper: Combining and Splitting Value and Privacy

The Bitcoin White Paper: Combining and Splitting Value and Privacy

Dr. Craig S. Wright and Ryan X. Charles continue the video discussions in a series exploring the Bitcoin White Paper line-by-line. The next section tackles the principles of combining and splitting value as well as looking at how privacy relates to Bitcoin.

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase is making its initial public offering of stock April 14 and this has helped push the price of Bitcoin up to near $64,000 as of Wednesday morning.

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

The Bitcoin Association and the BSV delegation was welcome by the Sudan government last week in an effort to implement blockchain technology and this week Arizona was well on its way to becoming the next US state to legalize sports betting with only the Governor's signature needed.

Lawsuit Filed Against Dr. Craig Wright "Father of Bitcoin": Not Author of White Paper?

Suit Filed Against Craig Wright "Father of Bitcoin": Not Author of White Paper?

Suit seeks to prove Wright is NOT the rightful founder of Bitcoin, but some would argue we will know otherwise in due time.

Syndicate