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Open For Business — Bitcoin

11 Diciembre 2017, 11:05 | Dolorita Barahona

Open For Business — Bitcoin

Beware of Bitcoin, Turkish Deputy PM Şimşek warns

Tilly said Cboe is not only endorsing bitcoin but the concept of digital currency as well.

On Friday, the cryptocurrency's value fell to $15,431, Coinbase reported.

The association said that a "more thorough and considered process" would have allowed exchanges and trading clearinghouses more time to study ways to protect against extreme price swings.

It makes sense bitcoin bulls would cheer.

U.S. stock futures pointed to a higher opening for Wall Street on Monday, with the launch of bitcoin futures raising investor interest in cryptocurrency related companies.

The Cboe debut is expected to be followed a week later by a rival listing on Chicago Mercantile Exchange.

There's been plenty for the markets to consider, with stability in Litecoin transactions providing strong support as news hit the wires of as many as 223,000 pending transactions across the Bitcoin exchanges.

The price of a single bitcoin recently soared on some exchanges from less than $10,000 to $17,000 before dropping back to near the $15,000 mark, spurring renewed warnings of a bubble. Even though Russian politicians say that's really the case, famous Russian economist Igor Nikolaev tried to find out the truth backed by figures. At the same time, The WTI oil futures for January delivery gained more than 2% and reached $57,94/b, which is the highest level since July 2015.

As bitcoin goes mainstream, industry observers said people should be cautious about investing. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication. "We will see if that continues".

Several leading financial heavyweights are still studying bitcoin and not serving as financial intermediaries. Chicago-based Cboe operates markets in options, futures, equities and currencies. But, this week, McDonald explained that the decline in the price of gold ETFs was triggered by the rapid increase in demand for bitcoin.

To read this article in one of Houston's most-spoken languages, click on the button below. Some brokers like Interactive Brokers Group Inc., which caters to individuals, said they wouldn't facilitate short-selling. The cryptocurrency has seen a more than 1,600 percent jump since the start of the year and topped USD 16,700 per token as of December 7 - although at least one exchange had seen the price exceed USD 19,000. Meanwhile, futures traders at the big banks seemed to be in a wait-and-see mode before the contract started trading.

"Bringing new products on the marketplace is what we do". Also, just jumping in first shows a certain faith in bitcoin.

Bank of America banned the futures altogether. Crop futures markets typically trade with the seasons.

Litecoin prices skyrocketed 30% as investors look for new opportunities in the cryptocurrency market.

Stephen Gandel is a Bloomberg Gadfly columnist covering equity markets. Opinions, market data, and recommendations are subject to change at any time.



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