Bitcoin 

CME Group Announces Launch Date of Options on Bitcoin Futures Product

The Chicago Mercantile Exchange (CME) Group has announced the date it expects to launch options on Bitcoin (BTC) futures in a statement on Nov. 12. “In response to growing interest in cryptocurrencies and customer demand for tools to manage bitcoin exposure, CME Group will launch options on Bitcoin futures (BTC) on January 13, 2020,” the company revealed in the announcement. The CME Group said that the upcoming product is still pending regulatory approval. Contract specifications CME Group specified that one Bitcoin futures contract will represent 5 BTC quoted in U.S.…

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Blockchain 

Standard Chartered Banking Group Joins Ethereum Enterprise Alliance

International banking group Standard Chartered has become the latest member of a blockchain standard-building organization, the Ethereum Enterprise Alliance (EEA). In a press release issued on Nov. 6, Standard Chartered said the move would allow it to expand its client offerings across its 60 international markets. Standard Chartered is latest EEA banking member “Technology enables us to facilitate trade and investment across our footprint markets, improving client experiences and offering new services,” Group Chief Information Officer, Dr. Michael Gorriz, commented. The EEA formed in March 2017 as a collaborative effort…

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Bitcoin 

CME Group Expects New Bitcoin Options to See High Demand in Asia

The Chicago Mercantile Exchange (CME) Group expects to see high demand in Asia for its forthcoming Bitcoin (BTC) options product. Tim McCourt, CME Group’s global head of equity index and alternative investment products, told news outlet South China Morning Post on Oct. 10 that the new crypto derivative product is expected to prove as popular as the exchange’s existing BTC futures. Miners will be able to hedge their costs According to the report, as much as half of the volume for CME’s current BTC futures is accounted for by Asian…

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Blockchain 

Vanguard Group Tests Blockchain Platform for Trading Currencies

The Vanguard Group is testing a blockchain-powered platform that will allow asset managers to trade currencies while avoiding the big investment banks. On Oct. 3, Bloomberg reported that the United States-registered investment advisor group, Vanguard, is going after a piece of the global currency market that handles $6 trillion each day and is dominated by firms such as JPMorgan Chase and Deutsche Bank AG. A source familiar with the matter said that the newly tested blockchain platform has been operational for over two months while handling several trades already.  By…

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Bitcoin 

CME Group to Launch Options on Bitcoin Futures in Q1 2020

The Chicago Mercantile Exchange (CME) Group is adding options to its Bitcoin (BTC) futures contracts in the first quarter of 2020, pending regulatory review. The development was announced in a news release on Sept. 20. “Flexibility to hedge Bitcoin price risk” Tim McCourt — CME Group Global Head of Equity Index and Alternative Investment Products — said: “Based on increasing client demand and robust growth in our Bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk.” McCourt…

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Bitcoin 

‘New Normal Bottom Price for Bitcoin Is $10K,’ Says Advisory Group CEO

Nigel Green, the CEO and founder of financial consultancy firm deVere Group, says that the new normal bottom for Bitcoin (BTC) price is $10,000. BTC price holding $10K level for 3 months London business news outlet LondonLovesBusiness reported on Aug. 27 that Green said: “Looking at its performance this year, I believe that the new normal bottom price for Bitcoin is $10,000. It bounces at this price. If it fluctuates below this level, it shoots back up again. We have seen this in action on Monday when Bitcoin hit $10,500…

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Blockchain 

Leading Latin America Investment Bank Joins Distributed Ledger Group

Leading Latin America investment bank BTG Pactual joined the organizing committee of the Post-Trade Distributed Ledger (PTDL) Group. Alliance for blockchain use Industry news outlet LedgerInsights reported on Aug. 15 that Brazil-based bank BTG Pactual joined PTDL Group’s organizing committee. PTDL Group reportedly provides a platform allowing market participants to share information on blockchain and discuss applications in the financial services sector. According to its official website, PTDL Group includes nearly 40 financial institutions and prominent market infrastructure players. The organization also claims that it is playing a role in…

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Blockchain 

South Korea’s Largest Telecom SK Group Invests $10M in ConsenSys

South Korea’s largest telecom and the third top conglomerate SK Group has invested $10 million in major global blockchain firm ConsenSys, according to a report by local news agency Chosun on July 2.  Worth noting is the increased involvement of major South Korean companies into crypto industry, including Samsung, internet giant Kakao, Hyundai, among others. In the report, Chey Tae-won, chairman at SK Corporation and South Korean billionaire entrepreneur, has expressed interest in blockchain and token economy. Speaking at a tech startup event in Seoul, Chey argued that traditional business…

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Blockchain 

Group of Digital Asset Trade Associations to Establish Global Cryptocurrency Association

A group of national trade associations representing the local Virtual Asset Service Providers (VASPs) announced their intention to establish an association to provide a global representative for firms in the industry in a press release shared with Cointelegraph on June 29. Per the release, the aforementioned Japanese trade association signed a Memorandum of Understanding (MoU) in Osaka aiming to establish the association. The associations that signed the agreement include the Australian Digital Commerce Association (ADCA), Singapore Cryptocurrency and Blockchain Industry Association, Japan Blockchain Association, Korean Blockchain Association, Hong Kong Blockchain…

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Blockchain 

Securitize, Local Advocacy Group Partner to Promote Digital Securities Adoption

Securitize — a compliance platform and protocol for token issuers backed by United States crypto exchange Coinbase — is partnering with the Japan Security Token Association (JSTA) to promote the creation of a security token ecosystem in Japan. The news was reported by Cointelegraph Japan on June 19. The JSTA is an advocacy organization focused on the digital securities industry. As Cointelegraph Japan reports, the new partners intend to closely collaborate with Japanese banks as well as local and international regulators in a bid to foster further development of the…

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