Economy

CME Group Inc (CME) Will Launch Bitcoin Futures On Dec. 18

CME Group Inc (CME) Will Launch Bitcoin Futures On Dec. 18

The Commodities Futures Trading Commission, the primary regulator for exchanges like the CME, gave approval for the exchange to create bitcoin futures after six weeks of discussions.

The announcement comes a day after a Federal Reserve governor Randal Quarles, the Fed's vice chair of banking regulation, warned that digital currencies like bitcoin could pose a threat to financial stability as they gain wider use because of the uncertainty of how they would fare during a crisis.

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Word is, likely based on the success of Riverdale on Netflix, the streaming platform gave producing studio Warner Bros. Sabrina was originally planned for a 2018-2019 schedule for the CW as a companion piece to Riverdale .

Bitcoin rebounded on Friday to hit the day's highs above $10,500 United States, recovering from an earlier dip below $9,500 USA, after the U.S. derivatives regulator said it would allow CME Group and CBOE Global Markets to list bitcoin futures.

Cboe said they are "operational ready". After a record high on Wednesday for bitcoin price of $11,377, there was a 20 percent drop from profit takers down to $9,021; it has since fluctuated several times and is now selling at around $10,500.

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Moore wrote: "If you want to mock our Christian values, come down here to Alabama and do it man to man". There is nothing religious or Godly about a grown man taking advantage of young girls.

In addition, the Cantor Exchange has approved a new contract for binary options on bitcoin. While CFTC approval isn't required, the regulatory body could have halted the CME's plans if it wasn't satisfied with the self-certification.

"Bitcoin, a virtual currency, is a commodity unlike any the commission has dealt with in the past", says Christopher Giancarlo, CFTC chairman, in a statement. The unique products will start trading on Monday, December 18, 2017, and offer investors the chance to bet on the price direction of bitcoin without needing physical access to the cryptocurrency. "Nevertheless, investors should be aware of the potentially high level of volatility and risk in trading these contracts".

BMW i8 Roadster 2018 - hybrid sports vehicle gets even more appeal
This allows for a 12-hp bump in peak power from the front electric motor , bringing its output to 141 hp and 184 lb-ft of torque. BMW has not only unveiled the updated 2019 BMW i8 Coupe today at the LA Auto Show, but has also unveiled the new i8 Roadster.

Nasdaq Inc also plans to list a futures contract based on bitcoin in 2018, Reuters reported earlier this week. "At launch, our new Bitcoin futures contract will be subject to a variety of risk management tools, including an initial margin of 35 percent, position and intraday price limits, and a number of other risk and credit controls that CME Group offers on all of its products".


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