Future of Bitcoin Futures: CME Gives Details, Regulator Pushes Back

Source : Future of Bitcoin Futures: CME Gives Details, Regulator Pushes Back Source Chicago Mercantile Exchange Group Inc (CME) left a cryptic note atop its more detailed explanation of how bitcoin futures would be rolled out. Red emblazoned, it stated: “Effective Q4 2017, and pending all relevant regulatory review periods, please be advised that CME will launch Bitcoin futures.” Q4, the last three months of the year, is upon us, and it turns out the key phrase in that highlighted sentence might be “pending all relevant regulatory review periods.” Also read: Nasdaq to Debut Bitcoin Futures by Mid 2018 CME Gives Precious Bitcoin Futures Detail Lily Katz reports CME’s head of equity products, Tim McCourt, detailing of coming bitcoin futures. Mr. McCourt “said the exchange has put safeguards such as higher margin levels and limits on positions and prices in place to curb risks on the bitcoin futures it plans to offer,” she noted. Bitcoiners the world over anticipate the entrance of CME to the ecosystem. Chicago Merc was founded just prior to the turn of the 20th century, and rests comfortably now as the largest futures exchange in the world some one hundred and twenty years later. CEO of Bit Go Mike Bleshe, however, is quoted as saying he’s “skeptical they’ll launch this year,” as legacy business might “not be comfortable with bitcoin futures yet,” Ms. Katz paraphrases him predicting. CME plans normal daily settlement for bitcoin futures will be “based on trading activity on CME Globex between 15:59:00 and 16:00:00 London time.” In three tiers, the company outlined trades (1), market data (2), and the absence of two-sided markets (3). In the first, “All contract months settle to the volume-weighted average price (VWAP) of outright trades… rounded to the nearest tradable tick. If the VWAP is equidistant between two ticks it will be rounded towards the prior day.” Tier 2, “In the absence of trades during the settlement period, the contract month settles to the midpoint of the Bid/Ask between 15:59:00 and 16:00:00.” If no “two sided markets [are] available during the settlement period in a particular contract month, then the settlement price will be the net change of the CME Bitcoin Reference Rate added to the prior day futures contract settlement (provided that settlement is within the Bitcoin futures price limits), adjusted to the Bid/Ask if one side is present,” CME explained. Push Back While a great many bitcoiners might be excited about futures, the main regulator, the Commodity Futures Trading Commission (CFTC), seems less than enthusiastic. According to Benjamin Bain, “While the agency has limited power to halt CME’s plans… it is demanding changes.” Mr. Bain explains CFTC has been working to “address various issues, and to change some aspects of the contracts,” he quotes Erica Elliott Richardson, CFTC spokeswoman. “We expect that outstanding issues will be resolved in the near future,” she noted. Ms. Richardson revealed “concerns about bitcoin futures expressed by some market participants” has played a role in closer examination. She might be referring to …

Plus…Future of Bitcoin Futures: CME Gives Details, Regulator Pushes Back

Coinsilium Acquires 30% Interest in StartupToken Limited

Source : Coinsilium Acquires 30% Interest in StartupToken Limited Source Coinsilium Group Limited (NEX: COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce it has acquired a 30% equity stake in StartupToken Limited (“StartupToken”), a provider of accelerator and advisory services to technology start-ups and companies looking to undertake Token Generation Events (“TGEs”), sometimes referred to as Initial Coin Offerings (“ICO’s”). Agreement Highlights Under the terms of the Agreement, Coinsilium will: Acquire 300 shares representing 30% of the equity in StartupToken Limited, for a total consideration of £360,905.28 at a valuation circa £1.2m to be satisfied by way of a combination of shares and cash payments; Pay £276,694.05 to be satisfied through the issue of 3,255,224 Coinsilium shares at 8.5p, representing a 3% premium to the 28-day VWAP, and a further cash payment of £84,211.23; The shares are subject to a 12-month lock-in agreement (six months hard and six months soft); and Coinsilium CEO Eddy Travia to be appointed to the board of StartupToken Additionally, the Company has agreed to provide StartupToken with a six-month convertible loan of US$100,000, with 5% annual interest. If converted, this will equate to a further 6.40% equity at a valuation of circa £1.2 million. Rationale The investment is aligned with Coinsilium’s strategy of leveraging its first-mover advantage in the blockchain technology sector to provide advisory services to companies targeting a Token Generating Event (TGE). As a result of the acquisition, the two companies are able to provide an expanded range of services to advisory clients including: Consulting, Marketing & Event Services Token Modelling, White Paper Drafting Acceleration Services Roadshows, Media, Training About StartupToken StartupToken Limited is a Gibraltar registered company operating a Token Sale advisory service and developing a global network of Blockchain startup accelerators. It has been actively trading since May 2017 and has generated revenues from consultancy fees and the organization of Token Sale roadshows of US$226,000 with projected success fees from current clients of between $809,510 and $3,393,005 equiv. Malcolm Palle, Chairman of Coinsilium, commented: This important strategic investment strengthens Coinsilium’s foothold in the fast growing digital token space. We have already established a good working relationship with StartupToken and have been greatly impressed by the speed at which they have been able to gain a strong presence in the industry. We look forward to working closely with Yacine and his team and using our combined experience to add value and fast-track the scale up of the business.   Yacine Terai, CEO of StartupToken commented: As founder of StartupToken, I am extremely pleased to have received this vote of confidence from Coinsilium which I consider to be one of the most respected companies within the blockchain investment space. ‘Token Sales’ are a new form of funding which is taking the blockchain world by storm and with the support of Coinsilium’s experienced team and its influence, StartupToken is now ideally positioned to become one of the leading accelerators within …

Plus…Coinsilium Acquires 30% Interest in StartupToken Limited

COINSILIUM ACQUIRES 30% INTEREST IN STARTUPTOKEN LIMITED

Source : COINSILIUM ACQUIRES 30% INTEREST IN STARTUPTOKEN LIMITED Source Coinsilium Group Limited (NEX: COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce it has acquired a 30% equity stake in StartupToken Limited (“StartupToken”), a provider of accelerator and advisory services to technology start-ups and companies looking to undertake Token Generation Events (“TGEs”), sometimes referred to as Initial Coin Offerings (“ICO’s”). Agreement Highlights Under the terms of the Agreement, Coinsilium will: Acquire 300 shares representing 30% of the equity in StartupToken Limited, for a total consideration of £360,905.28 at a valuation circa £1.2m to be satisfied by way of a combination of shares and cash payments; Pay £276,694.05 to be satisfied through the issue of 3,255,224 Coinsilium shares at 8.5p, representing a 3% premium to the 28 day VWAP, and a further cash payment of £84,211.23; The shares are subject to a 12-month lock-in agreement (six months hard and six months soft); and Coinsilium CEO Eddy Travia to be appointed to the board of StartupToken Additionally, the Company has agreed to provide StartupToken with a six month convertible loan of US$100,000, with 5% annual interest. If converted, this will equate to a further 6.40% equity at a valuation of circa £1.2 million. Rationale The investment is aligned with Coinsilium’s strategy of leveraging its first-mover advantage in the blockchain technology sector to provide advisory services to companies targeting a Token Generating Event (TGE). As a result of the acquisition the two companies are able to provide an expanded range of services to advisory clients including: Consulting, Marketing & Event Services Token Modelling, White Paper Drafting Acceleration Services Roadshows, Media, Training About StartupToken StartupToken Limited is a Gibraltar registered company operating a Token Sale advisory service and developing a global network of Blockchain startup accelerators. It has been actively trading since May 2017 and has generated revenues from consultancy fees and the organisation of Token Sale roadshows of US$226,000 with projected success fees from current clients of between $809,510 and $3,393,005 equiv. Malcolm Palle, Chairman of Coinsilium, commented: “This important strategic investment strengthens Coinsilium’s foothold in the fast–growing digital token space. We have already established a good working relationship with StartupToken and have been greatly impressed by the speed at which they have been able to gain a strong presence in the industry. We look forward to working closely with Yacine and his team and using our combined experience to add value and fast-track the scale up of the business.” Yacine Terai, CEO of StartupToken commented: “As founder of StartupToken, I am extremely pleased to have received this vote of confidence from Coinsilium which I consider to be one of the most respected companies within the blockchain investment space. ‘Token Sales’ are a new form of funding which is taking the blockchain world by storm and with the support of Coinsilium’s experienced team and its influence, StartupToken is now ideally positioned to become one of the leading accelerators within …

Plus…COINSILIUM ACQUIRES 30% INTEREST IN STARTUPTOKEN LIMITED

Algory Project functions: The first and most powerful cryptocurrency scanner

Source : Algory Project functions: The first and most powerful cryptocurrency scanner Algory Project is a product created by traders for traders. We are delighted to bring the experience and tools found on the US stock exchanges, where we have been present for over 10 years, to the cryptocurrency market in which we are now active — a market which still lacks professional tools to streamline trading.Sign up for the whitelist now and get 20% bonus.We are pleased to announce that — through its ICO — Algory Project wishes to introduce a crypto-trading tool that will change the way you perceive trading. Today I would like to show you the first flagship functionality of Algory — Cryptoscanner.“The idea for the tool was born at the beginning of 2017. It was a period when we really did a lot of trading in the cryptocurrency market, carrying out several dozen to several hundred transactions a day. We realized we did not have enough time to quickly and efficiently analyze the cryptocurrencies with the greatest potential to generate above-average profit. On the US stock exchanges in which I traded, such tools were present and practically all professional traders used them. I cannot imagine a trading office where nobody uses such a boon as a scanner.” — Dominik Gordel, Algory Project Cofounder.https://medium.com/media/8f2f74d5b253fbf0f8ef96838baa83ec/hrefWhat is Cryptoscanner?Cryptoscanner is the first truly versatile such tool to appear on the cryptocurrency market. It will allow you to scan cryptocurrencies in fractions of a second, taking your trading to a level you never knew before.“I still remember the time when there were just a few cryptocurrencies available. Over the years, their number has grown to almost 1,200 and it is impossible to browse them in a matter of minutes, let alone seconds.” — Kuba Jodłowski, trader and dev team member.Cryptoscanner will allow you to choose from hundreds of available filters and alerts. The tool will be based on the data collected from the cryptocurrency exchanges all around the world and properly processed on our servers.Cryptoscanner — Algory ProjectTraders who already have their own trading strategies will be able to improve their trading and increase the number of signals they receive for potentially successful transactions by specifying the appropriate filter and alert values on the platform. Once the parameters are set, the scanner will start scanning the specified markets to find cryptocurrencies that meet the established criteria.Difference between success and failure in the cryptocurrency marketOften, after I made a very profitable transaction, my friends asked me how I opened a position even before the most important move occurred on a given cryptocurrency or stock.I told them it was due to several factors:The speed at which you get the appropriate information on the marketYour response timeYour strategy’s effectivenessI tried to make them realize how important the information I gave them was, so they would try to use the tools that are available on the market even if they had to pay for them. It was certainly worth their while as they would be compensated quickly for the cost.In general, when it comes to capital markets across the world, there are many things and assumptions that smoothly …

Plus…Algory Project functions: The first and most powerful cryptocurrency scanner

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