CME Group, the world’s largest derivatives exchange operator, has launched its own contract to wager on bitcoin. According to Reuters, bitcoin investors expect futures volumes to perk up as a result of the move. “The CME contract is based on a broader array of exchanges,”...
Not everyone is convinced that bitcoin isn’t a giant bubble ready to burst. Its surging value has created a sort of mania in the market, according to North American Securities Administrators Association president Joseph Borg, who recently told reporters he’s seen people taking out mortgages in...
Cryptocurrency bitcoin has had a whirlwind couple of months. It finished trading on Wednesday (Dec. 13) at a value of $16,835 per bitcoin, but agencies around the world are concerned the virtual currency represents something potentially dangerous: a bubble that could pop at any minute....
It’s no secret that cryptocurrency has been in the news, and it’s already been a particularly newsworthy week for bitcoin and its counterparts. Interest keeps surging as bitcoin futures finally meet the market. Digital currency platforms experienced shutdowns amid record transaction numbers for Ethereum, and...
Newly launched bitcoin futures suggest that traders expect the cryptocurrency price gains to slow in the coming months – just as the Financial Services Commission of Korea has banned securities firms from intermediating bitcoin futures transactions. BusinessKorea reported that securities brokers in South Korea, which...
As part of a new set of rules for FinTech companies, Indonesia’s central bank is preventing them from using cryptocurrency. According to a Thursday (Dec. 7) report by Bloomberg, Bank Indonesia deputy governor Sugeng told reporters in Jakarta the rule goes into effect on Jan....
CME Group and Cboe Global Markets got the green light from regulators to list their bitcoin futures, bringing more legitimacy to cryptocurrency, which has been surging in value all year. According to a report in the Financial Times, the Commodity Futures Trading Commission (CFTC) said...
What do you get when a group of esteemed observers and participants in the financial system — among them Nobel laureates and billionaires and not a few government officials — chime in, as one, about the lures and lunacy of unchecked speculation? You get cause for concern....
Bitcoin dropped to as low as $9,000 in volatile trade yesterday, losing more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday. “Naturally, a few of the early bitcoin traders are taking some profits off the table,” said Charles...
