Friday, April 19

Tag: cryptocurrency

Bitcoin Going Legit! CME to Launch Bitcoin Futures
1Nov By No Comments
BUSINESS

Bitcoin Going Legit! CME to Launch Bitcoin Futures

CME Group, the world's leading and most diverse derivatives marketplace, announced on Tuesday that it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods. The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. Bitcoin futures will be listed on and subject to the rules of CME. After this, more people will be able to start trading bitcoin and you can read this article to find out how you can do it yourself. "Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "As the world...
Read More
Big Money Stays Away From Booming Bitcoin
23Oct By reutersNo Comments
ANALYSIS

Big Money Stays Away From Booming Bitcoin

Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion. Yet for all the hype, mainstream institutional investors are steering clear of the nascent market, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. Bitcoin, the biggest and most well-known cryptocurrency, has outperformed all the world’s traditional currencies each year since 2011, except for 2014. But many investors still view it as an opaque, esoteric instrument used by gun-runners and drug-dealers on the Dark Web that should be avoided. This year, though, a flood of new hedge funds focused on cryptocurrencies has offered inst...
Read More
Russian Central Bank to Ban Websites Offering Cryptocurrencies
10Oct By reutersNo Comments
News

Russian Central Bank to Ban Websites Offering Cryptocurrencies

Russia will block access to websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central Bank First Deputy Governor Sergei Shvetsov said on Tuesday. He called them “dubious”. Russian financial authorities initially treated any sort of money issued by non-state approved institutions as illegal, saying they could be used to launder money. Later the authorities accepted the globally booming market of crypto-currencies but want to either control the turnover or to limit access to the market “We cannot stand apart. We cannot give direct and easy access to such dubious instruments for retail (investors),” Shvetsov said, referring to households. Speaking at a conference on financial market derivatives, Shvetsov said the central bank sees rising interest in crypto...
Read More
This Is Probably The End Of Bitcoins In China
5Sep By reutersNo Comments
CHINA

This Is Probably The End Of Bitcoins In China

China on Monday banned individuals and organizations from raising funds through initial coin offerings (ICO), or launches of digital currencies, saying the practice constituted illegal fundraising. ICOs have become a bonanza for digital currency entrepreneurs, globally and in China, allowing them to raise large sums quickly by creating and selling digital “tokens” with little or no regulatory oversight. Individuals and organizations that have completed ICO fundraisings should make arrangements to return funds, said a joint statement from the People’s Bank of China, the securities and banking regulators and other government departments, that was posted on the central bank’s website. The prices of bitcoin and ethereum, two of the largest cryptocurrencies, slumped after the announcem...
Read More