A $24 million mansion is going on sale in London — but you can only buy it in bitcoin

  • Lev Loginov, co-founder of property investment company London Wall, which bought the property in 2013, is hoping paying for property in bitcoin could be the future.
  • He said that the company has a pipeline of properties that will go on the market and only be available to buy in bitcoin.
  • Loginov’s broader thought is that property ownership records can be transformed with blockchain technology.
  • “It will have to be a specialist blockchain for property.
  • For example, the tax on the property that will be paid to the government after the sale could be a couple of million pounds.

The £17 million price tag equates to over 4,000 bitcoin at Friday’s price.
Continue reading “A $24 million mansion is going on sale in London — but you can only buy it in bitcoin”

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

CBOE plans to launch bitcoin futures 
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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.
Continue reading “CBOE plans to launch bitcoin futures, announces agreement with Winklevoss brothers’ digital currency exchange”

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

  • 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 plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, according to a Tuesday release.
  • “We’ve really come to the conclusion recently that cryptocurrencies are here to stay,” John Deters, chief strategy officer of CBOE parent CBOE Holdings, told CNBC in a phone interview.
  • Deters said the bitcoin futures, once reviewed, will be available to both institutional and retail investors.
  • 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.
Continue reading “CBOE plans to launch bitcoin futures, announces agreement with Winklevoss brothers’ digital currency exchange”

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

  • 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 plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, according to a Tuesday release.
  • “We’ve really come to the conclusion recently that cryptocurrencies are here to stay,” John Deters, chief strategy officer of CBOE parent CBOE Holdings, told CNBC in a phone interview.
  • Deters said the bitcoin futures, once reviewed, will be available to both institutional and retail investors.
  • 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.
Continue reading “CBOE plans to launch bitcoin futures, announces agreement with Winklevoss brothers’ digital currency exchange”

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

  • 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 plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, according to a Tuesday release.
  • “We’ve really come to the conclusion recently that cryptocurrencies are here to stay,” John Deters, chief strategy officer of CBOE parent CBOE Holdings, told CNBC in a phone interview.
  • Deters said the bitcoin futures, once reviewed, will be available to both institutional and retail investors.
  • 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.
Continue reading “CBOE plans to launch bitcoin futures, announces agreement with Winklevoss brothers’ digital currency exchange”

Bitcoin wallet start-up Blockchain raises $40 million from Google, billionaire Richard Branson

  • Blockchain, a bitcoin wallet start-up, has raised $40 million led by venture capital firm Lakestar, Google’s investment arm GV, and billionaire Richard Branson, the company said on Thursday.
  • The investment comes at a time of rising interest in cryptocurrencies, especially bitcoin, which recently hit a record high and has seen a massive rally since the start of the year.
  • Blockchain has created a bitcoin wallet which is essentially a piece of software to store the digital currency and carry out transactions with other users.
  • The money will be used to expand the team further and invest in more research and development, Blockchain CEO Peter Smith, told CNBC on Thursday.
  • In addition, the start-up is looking to open new offices in different countries to expand.

Blockchain will use the money to expand into new territories.
Continue reading “Bitcoin wallet start-up Blockchain raises $40 million from Google, billionaire Richard Branson”

Bitcoin wallet start-up Blockchain raises $40 million from Google, billionaire Richard Branson

  • Blockchain, a bitcoin wallet start-up, has raised $40 million led by venture capital firm Lakestar, Google’s investment arm GV, and billionaire Richard Branson, the company said on Thursday.
  • Blockchain has created a bitcoin wallet which is essentially a piece of software to store the digital currency and carry out transactions with other users.
  • The money will be used to expand the team further and invest in more research and development, Blockchain CEO Peter Smith, told CNBC on Thursday.
  • Smith said that the recent rally in bitcoin has caused high demand for Blockchain’s wallet product, and the funding will help to meet that.
  • Blockchain has nearly 15 million sign-ups with “billions of dollars worth of monthly consumer wallet activity”, Smith said, adding this includes deposits and transactions.

Blockchain will use the money to expand into new territories.
Continue reading “Bitcoin wallet start-up Blockchain raises $40 million from Google, billionaire Richard Branson”