CBOE plans to launch bitcoin futures, announces agreement with Winklevoss brothers’ digital currency exchange

CBOE plans to launch bitcoin futures 
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Bitcoin is dead! Wait, what?...
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  • The Chicago Board Options Exchange, the largest U.S. options exchange, is planning to launch its own bitcoin derivatives trading products by early next year.
  • Pending review from the U.S. Commodity Futures Trading Commission, the CBOE Futures Exchange (CFE) plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, according to a Tuesday announcement.
  • The CFTC told CNBC in a statement that, “to date, the Commission has not received a filing for a bitcoin futures contract from the CFE.”
  • Designated contract markets like CFE do not necessarily need prior approval from the CFTC in order to list a product for trading, according to the commission’s website.
  • The news was part of a bigger announcement Tuesday that CBOE Holdings and Gemini Trust, the digital currency exchange founded by brothers Cameron and Tyler Winklevoss, have entered a multiyear exclusive global licensing agreement allowing CBOE and its affiliates to use Gemini’s market data in creating bitcoin derivatives and indexes.

CBOE Holdings and Gemini Trust announced a multiyear agreement for the Chicago Board Options Exchange and its affiliates to use Gemini’s bitcoin data.
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Bitcoin exchanges can’t stop getting hacked, no matter what security system they use

#bitcoin exchanges cant stop getting hacked, no matter what security system they use

  • Bitcoin exchanges can’t stop getting hacked, no matter what security system they use
  • The history of bitcoin exchanges is Darwinian, marked by abrupt failures triggered by security breaches.
  • Under the new system, customer funds were separated and kept in individually labeled wallets for each customer.
  • If you run a big bitcoin exchange, it’s usually a question of when, not if, your defenses will be breached.
  • The exchange would credit and debit the appropriate funds from that wallet, which was under its control.

Read the full article, click here.


@bitcoinagile: “#bitcoin exchanges cant stop getting hacked, no matter what security system they use”


The history of bitcoin is littered with spectacular digital heists. The $65 million heist at the Bitfinex exchange on Aug. 2 is just the latest in a series of virtual robberies. One thing that sets this episode apart is the fact that the exchange had come under regulatory scrutiny before, and changed


Bitcoin exchanges can’t stop getting hacked, no matter what security system they use