Mining businesses are in trouble with bitcoin being low and companies like GigaWatt filing for bankruptcy. Bitcoin prices jumped as much as 16% Wednesday after hitting a new 14-month low over the weekend. The cryptocurrency was trading around $4,300 as of 3:55 p.m. ET. Below is Node Haven's commentary on the current mining situation: What…
Read more
Bitcoin is currently rising and many are wondering why. As of this writing, Bitcoin is worth around $7,403 according to major exchanges. Bitcoin futures, on the other hand, seem to be experiencing a steady growth after the product was launched in December 2017, when Bitcoin was hitting $20,000. Both CBOE and CME launched Bitcoin futures.…
Read more
Three weeks after the approval of bitcoin futures by the Commodity Futures Trading Commission in the United States, Solactive announced that it is launching the Solactive Bitcoin Front Month Rolling Futures 5D Index, an index tracking the performance of XBT futures listed on Cboe Global Markets. On Sunday, 10 December 2017, Cboe made history by…
Read more
Right after CBOE launched bitcoin futures on 10th December, 2017, CME launched their bitcoin-related derivative on the 17th December, just a week after CBOE did. With that, Bitcoin eclipsed the $20,000 mark, trading shortly for around $20,089. Now, the price has slipped a little, but the positive outlook on the crypto market continues and the…
Read more
Pan-Canadian financial regulator Canadian Securities Administrators (CSA) has published a notice reminding dealers and investors of the inherent risks associated with products linked to cryptocurrencies, including futures contracts. While these contracts may be traded on regulated exchanges and may be cleared by regulated central counterparties, the fact remains that their high level of risk will not be…
Read more
It has been another positive weekend for Bitcoin trading. But this time, it seems as though there was some method to the madness. After spending most of Friday trading in the $16,000-$17,000 range - up from the $13,000 range just last weekend - Bitcoin prices rose throughout the weekend and spent most of Sunday bouncing…
Read more
After reaching a new all-time high of $17,600 on Tuesday, Bitcoin is down 7% today and slumping below the $16,000 level. While this correction may be normal in value after a steep rise, the decline caused a freeze on the futures trading and contracts on CBOE, which launched bitcoin futures this week on Sunday, December…
Read more
MarketFactory, the foreign exchange technology platform, just announced that market participants using their ultra-low latency API for foreign exchange trading, Whisperer, can seamlessly trade Bitcoin futures on the Chicago Mercantile Exchange (NASDAQ:CME) when they launch on December 18. Additionally, Whisperer provides access to Bitcoin market data. Our Whisperer API and connectivity solution simplifies and reduces…
Read more
Online broker-dealer and futures commission merchant TradeStation Group, Inc., a fully owned subsidiary of Monex Group, Inc. (TYO:8698), just announced that eligible futures clients can now trade the new Bitcoin futures contract being offered by Cboe Global Markets, Inc. (Nasdaq: CBOE). Chicago-based Cboe commenced trading in the contract (ticker symbol XBT) on its Cboe Futures…
Read more
On 10th of December, CBOE Global Markets launched the new bitcoin product on the market - bitcoin futures. CBOE became the first exchange to offer bitcoin futures, while CME launches them on 17th of December. While many expected the price of Bitcoin to crash and for the futures to trade at a relatively low price,…
Read more