Breaking: World’s Biggest Stock Exchange Operator is Launching a Bitcoin Market

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company intended to make bitcoin a mainstream financial asset. ICE made the groundbreaking announcement on Friday, revealing that the new platform — Bakkt — has been developed in partnership

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OKEx Initiates ‘Clawback’ after Bitcoin Futures Market Unable to Cover $420 Million Liquidation

OKEx has moved to protect its futures market with an injection of 2500 BTC into the exchange’s insurance fund from its own capital after a forced liquidation on July 31st threatened to destabilize its operations. The futures contract amounted to a staggering $420 million worth of BTC. OKEx moved swiftly to counter this liquidation with

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CME Won’t Be Listing New Cryptocurrency Futures Anytime Soon: CEO

CME Group, the second regulated U.S. derivatives market to list bitcoin futures and by far the largest trading venue for these products, will not be listing any new cryptocurrency futures anytime soon, the firm’s chief executive said on Thursday. Speaking with Bloomberg Television, CME Group CEO Terry Duffy said that the reputation of his firm

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Wall Street Traded $572 Million in Bitcoin Futures During Tuesday’s Bull Run

The bitcoin price is rallying, and this time, it looks like Wall Street has shown up to the party. On Tuesday, bitcoin brief briefly broached the $8,500 threshold on Bitfinex for the first time since mid-May, and while it has since pulled back several hundred dollars from that two-month high, it has nevertheless risen 10

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Institutional Investors Swap Bitcoin Futures for Physical BTC in Wall Street First

Bitcoin took a significant step toward becoming a mainstream financial instrument this week, as two institutional investors completed the first-ever exchange for physical (EFP) transaction involving bitcoin futures. The CME EFP Bitcoin transaction, facilitated by E D & F Man Capital Markets, a registered futures commission merchant, and itBit, an institutional-grade cryptocurrency exchange, saw two

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CFTC Issues New Warning on Utility Tokens & Other Cryptocurrencies

The United States Commodity Futures Trading Commission (CFTC) has issued another warning to consumers, advising them to exercise caution and carry out comprehensive research before investing in any cryptocurrencies, including those advertised as utility coins or consumption coins. The alert, which came in the form of a Customer Advisory warning posted on the CFTC website

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BlackRock, the World’s Largest Asset Manager, is Exploring Cryptocurrencies

Six months after its chief executive lambasted bitcoin as an “index of money laundering,” BlackRock — the world’s largest exchange-traded fund (ETF) provider — has set up a working group to explore how to profit from the burgeoning cryptocurrency ecosystem. The Financial News reports that the $6.3 trillion asset manager has begun discussing whether to

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Economist Claims Bitcoin Futures Killed the Strong Rally in Early 2018

The FED and prominent economists believe that the bitcoin futures market ultimately led the cryptocurrency market to crash and record the third worst correction in its history. Real Impact of Bitcoin Futures Yukio Noguchi, a Japanese economist, claimed in a recent column that the abrupt change in trend from a bull market to a strong

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Opinion: Bottoms up, Lads!

Why is Bitcoin still crashing? Are we ever going to recover? Who caused this latest dip? Was it Tether? Bitcoin Futures? What about price manipulation? If you’re wondering who is benefiting from this massive dump, consider your current status if you sold in December 2017. For the rest, like me, who hold on tight to

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‘Evolve & Adapt’: Goldman Sachs May Trade Cryptocurrencies, Not Just Futures

Investment banking giant Goldman Sachs is getting more serious about launching a full-scale cryptocurrency trading operation. Speaking with Bloomberg, Goldman Sachs COO David Solomon said that the firm is holding internal discussions about offering more cryptocurrency trading services in response to client demand. “We are clearing some futures around Bitcoin, talking about doing some other

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