Bitcoin surges to record after CME announces launch of futures for digital currency

  • CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter of the year, pending regulatory review.
  • The new bitcoin futures contract will be cash-settled and based on the CME CF Bitcoin Reference Rate (BRR).
  • “Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract,” Terry Duffy, CME Group Chairman and Chief Executive Officer, said in a statement.
  • The leading global exchange for options and futures trading is the latest entrant into the business of offering derivatives for bitcoin, the volatile digital currency which is not listed on a major exchange.
  • In August, the Chicago Board Options Exchange, the largest U.S. options exchange, said its CBOE Futures Exchange (CFE) plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, pending review from the U.S. Commodity Futures Trading Commission.

CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter of the year, pending regulatory review.
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Market Movers: Yahoo Finance breaks down early market action [Video]

LIVE: Square's @jack tells @ewolffmann how #bitcoin is shaping $SQ -

  • Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer, Seana Smith, Ethan Wolff-Mann and Nicole Sinclair discuss the big stories of the day.
  • TWITTER POLL: – – Which story would you like to see on our Midday Movers show?

Yahoo Finance’s LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:25 a.m. ET.
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Airbitz and Matryx Partnership Combines Blockchain and Virtual Reality

  • “The toughest problem with integrating and developing blockchain platforms is private key management,” explains Matryx CEO Steve McCloskey, who graduated from the world’s first Nanoengineering department at UC San Diego.
  • Neither Airbitz nor Matryx will have access to user keys or private information.
  • “By using Airbitz SDK technology, we can better focus on various design aspects of our virtual reality and blockchain platforms.”
  • A forthcoming ‘EDGE’ wallet will allow users of Matryx’s virtual reality collaboration platform to trade in ERC20 tokens, which are tokens designed by developers and projects atop the Ethereum blockchain.
  • “The Airbitz Edge wallet supports Ethereum-based ERC20 tokens, which will give our VR experience an integrated means of exchanging ERC20’s on the platform,” says McCloskey.

Two San Diego-based blockchain companies are hoping to merge blockchain and virtual reality. Bitcoin wallet and edge security platform Airbitz has partne…
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[e27 Podcast] ICOs will co-exist with venture capital, says Datum CEO Roger Haenni

  • “Data is the new oil.”
  • Recall that a few weeks back, I wrote about Datum, a data marketplace that runs on the Ethereum blockchain.
  • In this podcast, I have a chat with Roger Haenni, co-founder and CEO of Datum, and he shares about privacy, artificial intelligence, ICOs and venture capital, as well as moving all the way from Switzerland to Hong Kong a decade back.
  • Also read: For Datum’s Theo Valich, universal basic income can be addressed through a data marketplace – – The takeaway: Running a blockchain company is hard work, and Roger finds joy in spending as much time with his family (3 year old kid and all) as he can.
  • The post [e27 Podcast] ICOs will co-exist with venture capital, says Datum CEO Roger Haenni appeared first on e27.

In this edition of the e27 podcast, we digress a bit from the usual “do not talk about work” topic “Data is the new oil.” Recall that a few weeks back, I wrote about Datum, a data marketplace that runs on the Ethereum blockchain. In this podcast, I have a chat with Roger Haenni, co-founder […] The post
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The promise of the blockchainThe trust machine

The promise of the blockchain The trust machine

  • To understand the power of blockchain systems, and the things they can do, it is important to distinguish between three things that are commonly muddled up, namely the bitcoin currency, the specific blockchain that underpins it and the idea of blockchains in general.
  • Bitcoin’s blockchain ledger prevents double-spending and keeps track of transactions continuously.
  • Dozens of startups now hope to capitalise on the blockchain technology, either by doing clever things with the bitcoin blockchain or by creating new blockchains of their own (see article ).
  • These new blockchains need not work in exactly the way that bitcoin’s does.
  • New chains on the block – – The spread of blockchains is bad for anyone in the “trust business”—the centralised institutions and bureaucracies, such as banks, clearing houses and government authorities that are deemed sufficiently trustworthy to handle transactions.

BITCOIN has a bad reputation. The decentralised digital cryptocurrency, powered by a vast computer network, is notorious for the wild fluctuations in its value, the zeal of its supporters and its degenerate uses, such as extortion, buying drugs and hiring hitmen in the online bazaars of the “dark net”.
This is unfair.
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What Is Bitcoin, and How Does It Work?

#News via #NYTimes

  • The records of the Bitcoin network, including all balances and transactions, are stored on every computer helping to maintain the network — about 9,500 computers in late 2017.
  • Bitcoin mining refers to the process through which new Bitcoins are created and given to computers helping to maintain the network.
  • The computers involved in Bitcoin mining are in a sort of computational race to process new transactions coming onto the network.
  • Anyone can set his or her computer to mine Bitcoin, but these days only people with specialized hardware manage to win the race.
  • While several people have been identified as likely candidates to be Satoshi, as the creator is known in the world of Bitcoin, no one has been confirmed as the real Satoshi, and the search has gone on.

Growing in importance but still not well understood, Bitcoin is a virtual currency with a novel background.
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Catalans declare independence as Madrid imposes direct rule

  • Media playback is unsupported on your device – – Media captionThe moment Catalan parliament declared independence – The Catalan regional parliament has voted to declare independence from Spain, while the Spanish parliament has approved direct rule over the region.Catalan MPs easily approved the move amid an opposition boycott.Spanish Prime Minister…
  • What happened in the Catalan parliament?A motion declaring independence was approved on Friday with 70 in favour, 10 against, and two abstentions in the 135-seat chamber.The measure calls for the transfer of legal powers from Spain to an independent Catalonia.But the Spanish Constitutional Court is likely to declare it illegal,…
  • Catalan President Carles Puigdemont has called for supporters to “maintain the momentum” in a peaceful manner.Crowds have been celebrating the declaration of independence and Spanish flags have been removed from some regional government buildings in Catalonia.The mood in the crowdBy James Reynolds in BarcelonaThe pro-independence crowd outside the parliament followed…
  • “What will the Spanish government do next?Soon after the vote at the regional parliament, the Senate – Spain’s upper house – made the unprecedented step of approving measures allowing the Spanish government to impose direct rule over Catalonia.There were 214 votes in favour and 47 against.Urging calm, Mr Rajoy said:…
  • How did we get here?After the 1 October referendum, Mr Puigdemont signed a declaration of independence but delayed implementation to allow talks with the Spanish government.A deadline set by Madrid for him to clarify his intentions came and went, prompting Mr Rajoy to announce plans to impose direct rule.Catalonia is…

Catalonia’s parliament declares independence but Madrid imposes direct rule over the region.
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