Source : CME CEO: Bitcoin Futures Could Begin Trading As Soon As December CME Group chairman and CEO Terry Duffy has said that the derivatives exchange operator could list a planned bitcoin futures product as early as next month. The firm made waves in October when it revealed that it was seeking regulatory approval to list its first bitcoin-related product. At the time, CME said that the futures […] The post CME CEO: Bitcoin Futures Could Begin Trading As Soon As December appeared first on Bitcoin Wiki.
Source : Bitcoin Gold (BTG) is Active, Currently Trading Above 0 The second derivative of Bitcoin namely the ‘Bitcoin Gold’ has finally gone live as developers publish the final software for the cryptocurrency. The post Bitcoin Gold (BTG) is Active, Currently Trading Above $240 appeared first on CoinSpeaker. Continue reading at Coinspeaker
Source : Bitcoin Cash Crosses B in Valuations, But Will It Sustain the Momentum? With the cancellation of SegWit2x hard fork, there is a shift in attention towards Bitcoin’s first derivative ‘Bitcoin Cash’. How far it will sustain the momentum, remains to be seen. The post Bitcoin Cash Crosses $30B in Valuations, But Will It Sustain the Momentum? appeared first on CoinSpeaker. Continue reading at Coinspeaker
Source : Capital Markets Sector Disrupted by Ethereum-Based Platform Sharpe Capital, a company using neural networks and machine learning modelling algorithms to look for predictive patterns in financial data, has developed a ‘Global Sentiment Index’. By crowdsourcing market sentiment from users with proven a reputation and stake, Sharpe Capital will link automated mathematical analysis and human perceptions of the market to disrupt the capital markets sector, and will be paying certified contributors to its platform for their opinion in Ether. Following a successful preliminary period with a $8 million whitelist, Sharpe Capital has launched its SHP token sale until the 15th of February 2018, with a hard cap of $20MM USD. Token buyers will get to vote on blockchain assets and fiat stocks and bonds when the crowd sale ends. Depending upon how often they vote, how accurate their predictions are, and what proof-of-stake they demonstrate, SHP token holders get paid monthly for their effort. Dr. James Andrew Butler, co-founder and Chief Investment Officer of Sharpe Capital, commented: “We are one of the few blockchain-driven organisations backed by a working product that will be available to use even before the crowd sale ends. SHP owners earn monthly ETH payments in exchange for insight on blockchain assets and the stock market,” Throughout the SHP token sale, SHP token buyers will be able to receive discounts on their purchase of between 10 and 30% as 150 million SHP tokens are distributed. The Sharpe Platform beta will be available for SHP token holders to use from mid-December 2017, with the first ETH payments to users made in January – before the token sale has concluded. In addition, Sharpe Capital is showcasing its prototype mobile application for the Sharpe Platform, which will be launched in early 2018. Payments in ETH will be issued monthly, beginning in January, to test and refine the mechanics. Sharpe Capital’s partners include TaaS (Token-as-a-Service) – a tokenized closed-end fund dedicated to blockchain assets, and AmaZix – an ICO consultancy service. After extensive user testing and consumer feedback, Sharpe Capital will launch its sentiment platform on the Ethereum main net, issuing Ether payments at the end of Q3. In approximately one year, Sharpe Capital will host a 48 hour Hackathon, where attendees will build, test and deploy investment models and automated trading strategies on the Alpha modelling platform. By 2019, Sharpe Capital plans to issue a derivative token instrument incorporating data from the platform with machine learning driven trading algorithms.
Source : 5 Blockchain-Based Diversification Options for Cryptocurrency Portfolios Cryptocurrencies are exploding. Bitcoin has recently reached the $7,000 mark and the global cryptocurrency market capitalization has reached $200 Bln. In such a bull market, it’s hard to think about financial security and FOMO (Fear of Missing Out) may sometimes take the wheel and drive you towards rash decisions. Regardless of how much cryptos have grown and how much you would have made if you bought Bitcoin five years ago, investment should never be as straightforward as “buy and hold.” You need a strategy and that’s where hedging comes in. Hedging is usually done through derivatives but for crypto, we’ll need to diversify our portfolio. Investopedia explains: Strategically diversifying a portfolio to reduce certain risks can also be considered a – rather crude – hedge. For example, Rachel might invest in a luxury goods company with rising margins. She might worry, though, that a recession could wipe out the market for conspicuous consumption. One way to combat that would be to buy tobacco stocks or utilities, which tend to weather recessions well and pay hefty dividends. Choosing how you want to hedge your cryptocurrency investments is not an exact science. It will very much depend on your outlook on our current financial and social system. What may seem like a perfect strategy to you may seem ludicrous to others. That’s because we all have a different idea of what the future may hold and that’s exactly what strategy is: preparing for the future. Today, we want to give you some ideas on how you can hedge your cryptocurrency portfolio without actually needing to leave the blockchain space. Precious Metals Precious metals have a lot in common with Bitcoin and other cryptocurrencies. Both cryptos and metals are “issued” through a mining process that is not dependent on a centralized authority. They are both finite and, as so, deflationary. And most importantly, both precious metals and cryptocurrencies are looked at as safe-haven assets that can protect citizens’ holdings in times of crisis, be it political or economical. Metals like gold and silver can make a perfect hedge against crypto. However, it’s also important to note that both precious metals and cryptocurrencies are likely to do well in the same kinds of situations which usually involve economical, social or political turmoil. In a situation like this, crypto can be a much more viable alternative than gold, given that it’s easier to move and hide. It is also “easier” for cryptos to reach unprecedented heights in a hypothetical crisis situation. Nevertheless, keeping a portion of your portfolio in gold and/or silver is a good idea given that it will allow you to hedge against the inherent risks of the cryptocurrency movement without the need to trust the traditional financial system. These risks are technical or security problems, government bans, and large hacks. There are a lot of ways you can buy gold without having to go through fiat. Vaultoro, for example, allows you to buy …
Source : PR – Covesting is about to Introduce the Largest Crypto Community and Knowledge Resource – Crypto Intelligence Covesting, a revolutionary peer-2-peer asset management platform, is launching the “Crypto Intelligence” portal, a knowledge base built for traders by traders. It will be supplemented with videos, tutorials, and articles that help in market analysis and more. The portal will also have a number of videos and content that aims to educate the community and general public about the intricacies of crypto currency. While the basics such as what is crypto currency, how to use a wallet and what an exchange is, how to store it securely will serve as the base content, advanced concepts and other intricacies of the growing universe of crypto currency will be posted by experts and leading crypto traders. Covesting p2p asst management platform itself aims to become one of the noted names in the crypto currency market. “We aim to create the most comprehensive and growing knowledge base on the crypto currency market, the portal will encourage top traders to publish their trading ideas and market review; thus educating the public and sharing their knowledge with the Covesting community”, said CEO and Founder Dmitrij Pruglo of Covesting. The first step in this roadmap is the addition of Dinis Guarda to the team. Dinis comes with an experience for developing tradingfloor.com, a popular and highly successful knowledge management and trading analytics portal for traditional financial markets – the fx, equities, and derivatives. Dinis’s knowledge and experience in building such a base are invaluable to the Crypto Intelligence portal and Covesting has already roped in about 50 of the top high-profile traders signed on to the platform, confirmed Dmitri. He added that these traders will be given the opportunity to feature their articles and knowledge in the market analysis section of the platform. This will benefit the readers who would like an insight into the analysis of the best traders and also attract investors who may show interest in trading crypto through Covesting peer-2-peer asset management platform. The launch of the intelligence portal comes at the perfect time for Covesting. They recently launched their Pre-ICO and got over 1,000 different investors who raised more than 1,900 ETH in the first half of the Pre-ICO. For more information about Crypto Intelligence portal please visit Medium blog of Covesting: https://medium.com/@Covesting/when-cryptocurrency-education-is-greatly-missing-covesting-presents-crypto-intelligence-portal-ca5d1ab1ced9 To know more about Covesting and to participate in the ICO, visit covesting.io and access the full white paper and get more insights about the brilliant team working to make this happen. Find Covesting at: Telegram: https://t.me/covesting Facebook: https://www.facebook.com/covesting/ Twitter: https://twitter.com/covesting?lang=en This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
Source : Hedge Funds are Heavily Investing in Bitcoin, as Price Continues to Soar In the past 12 months, the demand for bitcoin from the traditional financial industry has significantly increased, pressuring hedge funds and large-scale investment firms to include bitcoin and cryptocurrencies as a major part of their portfolios. In an interview with Nathaniel Poppers of the New York Times, research firm Autonomous Next revealed that more than 130 hedge funds exclusive to bitcoin and the cryptocurrency market have been established, with more to be expected throughout 2018. Led by Fidelity and billionaire hedge fund legends like Mike Novogratz, some of the largest hedge funds in Wall Street and the global financial industry have started to invest heavily in bitcoin. Analysts expect investments in bitcoin and the cryptocurrency market to only increase in the upcoming months, as financial institutions like CME Group, Chicago Board Options Exchange (CBOE), and LedgerX provide sufficient liquidity and efficient cryptocurrency trading platforms for institutional and retail traders. Hedge Funds Will Lead Bitcoin Price to $10,000 Bobby Cho, the head trader at Cumberland, a leading bitcoin trading business, further emphasized that the vast majority of the firm’s consumer base is now composed of institutional and retail traders, after years of hesitancy. “The vast majority of the trading we do is with institutions. The education and research have turned into real-life activity.” Over the past few months, analysts have stated that the launch of bitcoin futures, options, and derivatives exchanges by some of the world’s largest financial institutions will result in tens of billions of “money on the sidelines” being invested in bitcoin in the next several years. Movement of Funds From Traditional Assets to Bitcoin is Happening Already, the traditional financial industry and market have begun to acknowledge bitcoin as a safe haven asset and a robust store of value. As the mainstream adoption of bitcoin continues to increase at an exponential rate, in the mid-term, with necessary infrastructure, the bitcoin market will accommodate a rising number of institutional and retail investors. The migration of billions of dollars worth of funds from conventional wealth management products (WMPs), offshore banking accounts, and safe haven assets to bitcoin will allow the cryptocurrency add hundreds of billions of dollars to its market valuation, allowing the price of bitcoin to climb to $10,000 and potentially to tens of thousands of dollars in the long-term. Famously, Wall Street strategist the founder of Fundstrat Tom Lee, stated that the bitcoin price will likely surpass the $25,000 in the long-term, in a few years time. “Bitcoin represents a store of value because it is an encrypted database, that for seven years has not been hacked. That is a way to store value. And if personal information is our gold, Bitcoin is our digital gold. So we think that the gold market which is $9 trillion, and for a generation of investors gold was their store of value. I think the next generation of young people view Bitcoin as their store of value. …
Source : Chicago Options Exchange Getting the Bitcoin Bug: “We Believe” says President In a conference call updating investors and media on its third quarter (Q3) earnings, Cboe Global Markets, which owns the Chicago Board Options Exchange (CBOE) and BATS Global Markets, said it’s bullish on cryptocurrencies. It said other exchanges, such as its “competitor across town,” are also believers in cryptos. Also read: Bank of America Bullish on Bitcoin ETFs, Anticipates 1.6 Billion USD Market Legacy Exchanges Get New Religion, Cryptocurrencies A 7000 USD price point will change many minds, so will a 120 billion USD market capitalization. Cryptocurrencies, lead by bitcoin, are officially all the rage in investment circles. Chris Concannon, Cboe President and COOIn truth, Cboe Global has been more out front than most legacy outfits of its class. It recently inked a deal with Gemini Trust Company, LLC., in hopes of listing bitcoin derivatives, for example. Continuing their pack-leading, Chris Concannon, Cboe Global’s President and COO, struck a very optimistic tone toward cryptocurrencies’ eventual place on legacy exchanges. In a Q3 conference call he explained, “Over time, we do envision (our bitcoin) ETF coming to market,” he said, “once the regulated futures market is built … we‘re encouraged by everyone‘s focus on this space.” Bullish on Bitcoin + Former SEC Attorney = Mainstreaming on the Way By “everyone’s focus” he could be referring to CME’s announcement. CME, the world’s largest derivatives exchange, shook the financial sector by saying it was moving forward with a bitcoin futures contract. Such a market was splashed all over media headlines, prompting another run-up in price (at least temporarily). It is widely acknowledges to be the beginning of mainstream legitimacy and acceptance of cryptocurrencies. Mr. Concannon “is responsible for Cboe’s trading businesses – U.S. and European Equities, U.S. Options, Global Foreign Exchange and Futures – as well as Technology/Operations, Risk and Marketing,” his Cboe bio reads. “Concannon has more than 20 years of experience as an exchange executive, trading participant and regulator,” including a stint as “a staff attorney at the Securities and Exchange Commission in the Division of Market Regulation from 1994 to 1997.” This bodes well for Cboe’s long-term crypto mainstreaming ambitions. “Overall, the cryptocurrency space is the space that I think we believe in and certainly our competitor across town believes in as well and I‘m just encouraged by that validation.” What do you think of Cboe’s optimism toward bitcoin and cryptocurrencies? Is it a good sign? Tell us in the comments below! Images courtesy of: Pixabay, Cboe Global. At Bitcoin.com there’s a bunch of free helpful services. For instance, check out our Tools page! The post Chicago Options Exchange Getting the Bitcoin Bug: “We Believe” says President appeared first on Bitcoin News.
Source : India continues to shun cryptocurrency BTC and other cryptocurrencies is still shunned in India, and the country’s central bank is showing no sign that it will budge from its stance anytime soon. On Monday, Reserve Bank of India (RBI) Executive Director Ganesh Kumar told the audience at a Mumbai conference that the central bank “will not be using it [BTC] for any payments and settlements… though the technology underlying cryptocurrencies will not end.” RBI is infamous for continuously rejecting calls from the growing local bitcoin industry to recognize and license BTC trading in the country, telling traders that “dealing with virtual currencies will be doing so at their own risk.” Under the Payments and Settlement Systems Act of 2007, the central bank has the power to regulate the digital payments industry in India. For months now, the government has been reportedly deliberating on whether to create a regulatory framework for cryptocurrencies. That agenda, however, was overshadowed by a disagreement between the central and the Securities and Exchange Board of India (SEBI) over which body should regulate the cryptocurrencies. RBI considers BTC as security rather than currency, which means that it should regulated by SEBI. The central bank also proposed that the digital currency be traded as commodity derivatives, just like gold or silver, but the securities board rejected the proposal on grounds that BTC “cannot be classified as commodity derivatives as per extant legal provision.” Domestic digital currency exchanges Zebpay, Unocoin, Coinsecure and Searchtrade founded a self-regulatory watchdog, the Digital Asset and Blockchain Foundation of India (DABFI), this year to lobby the Indian government to be lenient on digital currency. The group is currently working with lawmakers to define a set of guidelines for cryptocurrency use and trading in the country. “We will do our best to continue with our efforts to educate the government about cryptocurrencies,” said Zebpay co-founder Sandeep Goenka, according to Quartz. “It can be useful for India by turning the country into a fintech hub, to increase financial inclusion, and there are several other benefits of it.” The post India continues to shun cryptocurrency appeared first on CoinGeek.