Bakkt Is Finally Launching Its Bitcoin Futures Today

-
After two delays and 13 months of questions, the Intercontinental Exchange-backed ware houses and futures contract facilitator is launching Monday, opening the door for institutional investors to take positions on the cryptocurrency in a federally regulated venue.Trading is set to open at midnight UTC and close at 22:00. For the first time, interested observers will be able to see just how much pent-up demand there is among big-money traders for this hotly anticipated service. Bakkt’s data feed will be freely available through June of next year, after which it will require a subscription.As often noted, Bakkt’s futures will be physically settled, meaning buyers receive bitcoin at expiration, whereas the futures available since 2017 at the Chicago exchange CME Group are cash-settled – essentially side bets on the cryptocurrency’s price.

Read more 
Location: Indore, India

Comments

Post a Comment

Popular posts from this blog

Buy bitcoin using fiat currency | Bitcoin Matches Record Losing Run in Fall to Six-Month Low

-
Image
Bitcoin sank almost 10% to the most reduced level in a half year, expanding a week ago's slide past the end of the week on worries about a crackdown on cryptographic money activities by China.The computerized cash dove as much as 9.8% from Friday's nearby and was exchanging simply above $6,700 starting at 11 a.m. in Hong Kong, as indicated by Bloomberg composite valuing. It's the first run through since May that Bitcoin exchanged beneath the key $7,000 mental level. Buy bitcoin using fiat currency is the world's biggest digital currency is likewise on track for eight straight long periods of decays, tying a record losing streak from 2014, as per Bitstamp valuing returning to August 2011 and including end of the week trading."Investors can discover more euphoria in customary markets without the forceful instability and hazy markets," said Jeffrey Halley, senior market strategist for Asia Pacific at Oanda Asia Pacific Pte. "A supported convention in Bit...
Read more

Bitcoin a decentralized cryptocurrency

-
Image
To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as “bitcoin.” The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by computers all around the world, using free software. Read more  
Read more

CEO of Under Fire Brazilian Firm Owns 25,000 Bitcoin

-
Image
The CEO of Brazilian cryptocurrency firm Grupo Bitcoin Banco has claimed 25,000 Bitcoins (BTC)  — a staggering $209 million as of press time — on a tax filing, while also saying his firm is unable  to pay out customer funds as the result of a hack. The tax document was shared with Cointelegraph by an individual close to Brazil’s tax authority, the Department of Federal Revenue (RFB), who asked to remain anonymous for security reasons. According to the document, the exchange’s CEO, Claudio Oliveira,claimed his crypto holdings in a 2018 filing with the RFB. Although the document is genuine, it is not possible to know if the numbers reported are accurate or the most current, due to tax filings in Brazil being self-reported.    Read more
Read more