Bitcoin social news alert — December 11th, 2017, 12:20
Bitcoin futures begin trading, in a landmark moment for cryptocurrencies
On Sunday evening, the cryptocurrency bitcoin began publicly trading on the CBOE Futures Exchange, and bitcoin futures quickly shot up as much as 26 percent, triggering two temporary halts to calm the market. Bitcoin has been on a tear, with its value rising more than 1,600 percent this year alone, but before Sunday's launch of a futures exchange market, technical difficulty and other concerns had left many investors on the sidelines. The CBOE exchange and coming futures markets from CME Group and Nasdaq aim to make betting on the world's most famous cryptocurrency open to a wider pool of investors in a more regulated market. The CBOE futures are only a sliver of the global bets on bitcoin, with contracts nominally worth $40 million trading on the exchange in its first eight hours while some $1.1 billion traded against the U.S. dollar, Bloomberg says, citing Cryptocompare.com data. There are about 16.73 million bitcoin in circulation, collectively worth more than $260 billion, and about 40 percent of those are owned by maybe 1,000 people, Bloomberg reports, giving those "whales" a lot of influence over the price of the cryptocurrency. There are a lot of unanswered questions and issues about bitcoin going more mainstream, including taxes, volatility, transparency, energy use, and whether bitcoin is in bubble territory. Bitpay's Sonny Singh and Bloomberg's Cory Johnson discussed some of the issues over the weekend. What to expect when the Cboe introduces bitcoin futures https://t.co/lZ0MYqoe05 pic.twitter.com/2bZV3RrkEn — Bloomberg Technology (technology) December 8, 2017 Right now, investors should probably expect a roller coaster. "It is rare that you see something more volatile than bitcoin, but we found it: bitcoin futures," Zennon Kapron, managing director of Shanghai-based consulting firm Kapronasia, told Bloomberg. Peter Weber
➞ Read full story (Source: theweek )
U.S. Bitcoin Futures Climb in First Day of Trade
Trade in the first bitcoin futures sparked a swift run-up in the price of the digital currency, while the exchange provider’s website experienced outages from heavy traffic.
➞ Read full story (Source: WSJ )
Twitter Reacts to CBOE Crash at Launch of Bitcoin Futures
Twitter reacts to CBOE crash at launch of Bitcoin futures.
➞ Read full story (Source: Cointelegraph )
Bitcoin Futures Are Wall Street's New Big Thing — And They're Up 26%
Here's what all the fuss is about
➞ Read full story (Source: Time )
Two trading halts, 26% gain: Bitcoin hits Wall Street with a bang
‘It is rare that you see something more volatile than bitcoin, but we found it: bitcoin futures’
➞ Read full story (Source: Financial Post )
Bitcoin Futures Are Wall Street's New Big Thing — And They're Up 26%
Here's what all the fuss is about
➞ Read full story (Source: Time )
Bulgarian Official Denies Country Possessing $3.2 Billion in Bitcoin
In May, a series of raids by Bulgarian law enforcement were reported to have resulted in the seizure of over 213,000 BTC, at the time valued at more than $500 million and now worth $3.2 billion USD…
➞ Read full story (Source: Dao Daily News )
Dez Blanchfield on Twitter
“StevenDickens3 I like that idea.. how about I get folk to contribute BitCoin to an address, and at the end, we donate it to a good cause ;-)”
➞ Read full story (Source: Twitter )
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