In the first edition of crypto trend we introduced Crypto Currency CC and answered several questions concerning this new market area. There is a good deal of NEWS within this market daily. Here are a few highlights that give us a glimpse of how exciting and new this market area is:
World’s largest futures exchange to make a futures contract for Bitcoin
President, terry Duffy of the Chicago Mercantile Exchange CME stated think sometime in the next week in December you will see our [bitcoin futures] contract outside for listing. You cannot bitcoin, so there is one way it could 16, today. You either buy it or sell it. So you make a two-sided market, I think it is always a lot more efficient. CME intends to launch Bitcoin futures by the end of the year pending review. If successful, this will provide investors a workable way to go long or brief on Bitcoin. Some sellers of Funds have filed for bitcoin ETF futures. These developments have the capacity to allow individuals to invest in the money space that is crypto without employing the services of a CC exchange, or owning CC’s outright. By enabling users and intermediaries to hedge their risks, bitcoin futures could make the advantage. That could increase the adoption of the cryptocurrency by retailers who wish to take bitcoin payments but are cautious of its price. Investors are utilised.
CME’s move because the trade seemed to rule out crypto futures in yesteryear suggests that bitcoin has gotten too large to ignore. Bitcoin is about all anybody is talking about amid rising but placid markets in brokerages and trading companies, which have endured. If futures in an exchange took off, it would be impossible for any trade because liquidity and scale is significant in derivatives markets to catch up. You cannot ignore how this is getting more and more of a story that will not go away, said Duffy in an interview with CNBC. There are mainstream businesses that need access to bitcoin and there is huge pent-up requirement from customers, he said. Duffy believes bringing traders could make bitcoin volatile.
Japanese village to use crypto money to raise capital for municipal revitalization
The Japanese village of is exploring the notion of holding an Initial Coin Offering ICO to raise funds for municipal revitalization. This is a novel approach, and government support that is national may be asked for by them or seek out investment. Several ICO’s have experienced problems, and investors are skeptical that any token will have value if the ICO turns out to be scam or a joke. Bitcoin was no joke.
INITIAL COIN OFFERING – ICO
ICO was not mentioned by us From Crypto Bitcoin revolution first edition let’s mention it. Contrary to an Initial Public Offering IPO, where a company has a real product or service available and wants you to buy shares in their company, an ICO can be held by anyone who would like to initiate a new Blockchain job with the intent of developing a new token on their own chain.
