Bitcoin 

Bitcoin Futures Platform ‘SAFU’ After Attack False Alarm

The CEO of cryptocurrency exchange Binance has dispelled fears a bad actor had attacked its newly-launched Bitcoin futures platform. Technical error crashed Bitcoin price In a series of tweets on Sept. 16, Changpeng Zhao, also known as CZ, initially warned that the exchange’s futures were under attack from one of its own market makers.  The perpetrator allegedly crashed the BTC/USD order book from $10,324 to $10,024, in what Zhao said was the second such attempt at an attack.  Binance launched its futures platform in invite-only mode following a user testing period…

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Bitcoin 

CME Asks CFTC to Double Bitcoin Futures Capacity as Interest Soars

The Chicago Mercantile Exchange (CME) Group is petitioning United States regulators to allow its clients to double their open Bitcoin futures positions. Double open positions limit, says CME According to Nasdaq on Sept. 12, CME has already put its plans before the Commodity Futures Trading Commission (CFTC).  If successful, each investor would gain a monthly limit of 2,000 contracts per spot month instead of the current 1,000.  The move comes on the back of constant growth in demand for Bitcoin futures, with CME’s volumes setting new records on a regular…

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Blockchain 

Binance Futures Daily Trading Volume Over $150M in Invite-Only Mode

The 24-hour trading volume of major cryptocurrency exchange Binance’s futures markets has exceeded $150 million denominated in Tether (USDT). On Sept. 10, a Reddit user published their findings on Binance’s futures markets performance. Over the past 24 hours of trading, the figures reached notable volumes in the Bitcoin (BTC)/USDT pairing, bringing the daily trading volume to over $151 million in USDT. Closed testing mode Binance initially launched two futures testnet platforms named Futures A and Futures B on Sept. 2, inviting users to participate in a 10,000 Binance Coin (BNB)…

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Bitcoin 

ICE Releases Initial Margin Limits for Bakkt’s Coming Futures Trading

The Intercontinental Exchange (ICE) has announced tentative margin requirements for Bakkt Bitcoin (BTC) futures trading contracts. The announcement appeared on ICE’s official website on Sept. 9. Bakkt futures margin requirements Per the notice, the initial hedge requirement for daily and monthly futures contracts is $3,900. The speculative initial requirement for both contracts is $4,290. The inter-month add-ons for the monthly and daily futures contracts are between $400 and $1,000 for the hedge rate and between $440 and $1,100 for the speculative rate. These margin requirements represent the latest developments surrounding the…

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Bitcoin 

Early Tester Finds Both Binance Futures Platform ‘Currently Unusable’

Bitcoin futures offerings from cryptocurrency exchange Binance have come in for criticism as a pre-release tester identifies major flaws. Rocky start for Binance PR move In a series of tweets on Sept. 6, the account known as doublejump said both the options currently under consideration by Binance lacked basic features, which are essential for ease of use. As Cointelegraph reported, Binance has released two separate versions of its futures trading platform for testing by users, and plans to reward those who test and correctly vote for the winner.  Platform A…

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Bitcoin 

CME Bitcoin Futures Averaged $515 Million Daily Volume in May

The Chicago Mercantile Exchange (CME) Group’s Bitcoin (BTC) futures saw an average daily volume of $515 million in May 2019. Forbes reports on Aug. 28 that the CME Group’s Bitcoin futures are seeing new records in trading activity. CME Group’s managing director Tim McCourt said that in May, Bitcoin futures were, “trading an average of more than 13,600 contracts each day, equal to ~$515 million in notional value or 68K equivalent bitcoins.” Record trading volumes McCourt also noted that, on May 13, Bitcoin traded a record daily volume of 33,677…

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Bitcoin 

CoinFlex Receives $10 Million Funding for Bitcoin Futures Settlements

Hong Kong-based cryptocurrency futures exchange CoinFlex has received $10 million through a funding round that closed last week. Recent funding and goal Asia-focused newspaper South China Morning Post (SCMP) reported the news on Aug. 26. According to the report, CoinFlex received funding from Bitcoin Cash (BCH) advocate and Bitcoin.com CEO Roger Ver, as well as Polychain Capital, NGC Ventures and Divergence Digital Currency. Polychain Capital and Digital Currency Group joined CoinFlex’s investment consortium back in March. CoinFlex is now reportedly looking to increase business from Asian retail investors. A safe…

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Bitcoin 

CFTC Policymaker With Long History of Work on BTC Futures Leaving

Amir Zaidi, the director of the United States Commodity Futures Trading Commission’s (CFTC’s) Division of Market Oversight (DMO) is rumored to be leaving the CFTC within weeks. Multiple anonymous sources aware of the situation have confirmed this claim, according to a report by Bloomberg Law on Aug. 8.  Zaidi has been the director of the CFTC’s DMO since January 2017. He is acknowledged as being responsible for creating Bitcoin (BTC) futures trading policy, as well as rewriting market regulations for over-the-counter swaps. One source added that former DMO director Vincent…

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Bitcoin 

Bitcoin First as LedgerX Launches Regulated Physical Futures on US Market

United States Bitcoin (BTC) derivatives provider LedgerX has officially launched physical Bitcoin futures trading, becoming the first to do so on the domestic market. In an announcement on social media July 31, LedgerX said its physical futures offering was live on its Omni trading platform.  “It’s official: we’re live with retail trading on Omni!” officials confirmed.  Physical Bitcoin futures differ from those offered by some of the first operators in 2017. Rather than merely gaining exposure to Bitcoin, investors take delivery of it, requiring them to understand how to interact…

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Ethereum 

Bitcoin Price Circles $9,500 as Futures Settlements Form New Bear Factor

Bitcoin (BTC) price continued trading around $9,500 July 30 as analysts suggested the end of the month could still provide a fresh move upwards. Market visualization. Source: Coin360 All eyes on futures and 50-day moving average Data from Coin360 revealed little change in Bitcoin’s behavior Tuesday after the largest cryptocurrency suddenly lost $800 over the weekend.  As Cointelegraph reported, the downturn caught markets by surprise, BTC/USD dropping from $10,150 to a low of around $9,200. Now, attention is focusing on Bitcoin futures — the end of the month means settlement,…

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