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Wednesday, 22 November 04:35 (GMT -05:00)



Stock and commodities markets

CME Group Announces Bitcoin Futures


CME Group, the world’s biggest operator of futures exchanges, has announced Bitcoin futures, the world’s first and most popular cryptocurrency to date. The information was first made public by The Financial Times.

 

Terrence Daffy, CEO of CME Group, said that given the fact that more people are getting interested in digital currencies, they decided to introduce Bitcoin futures. CME Group announced the launch of those BTC futures at some point in Q4 2017 after the regulator approves the new derivative.

 

According to The Financial Times, this clearly indicates that digital currencies are getting recognized by the financial world as they keep on getting popular all over the world. This is not the first operator willing to launch Bitcoin derivatives. In August 2017, CBOE Global Markets, America’s biggest option operator, also announced an intension to launch Bitcoin options. The operator is going to obtain the quoting from Gemini Trust, a cryptocurrency exchange. As for the clearing of contracts, most probably this is going to be Options Clearing Corporation (OCC). By now, the company still hasn’t got an approval to work with cryptocurrencies.

 

As for CME Group, they are going to value those futures based on their own technology – CME CF Bitcoin Reference Rate, which was launched 12 months ago.

 

According to the experts working for NordFX, the news about CME Group's plans to launch Bitcoin futures pushed BTC 5,2% higher at a time. Since the start of the year, Bitcoin has already gone up in value by more than 50%.

 

 

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Saudi Arabia Doesn’t Want Oil Prices to Grow Too Fast

Reuters reports that Saudi Arabia doesn’t want oil prices to grow too fast. This is what Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid A. Al-Falih told during his speech at the UN Climate Change Conference 2017 in Bonn, Germany.

Publication date: 19 November 08:58 AM

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Publication date: 18 November 09:36 AM

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Publication date: 18 November 09:33 AM

Oil Market Shows No Reaction To Optimistic OPEC Report

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Publication date: 18 November 09:26 AM

Russia Is Still Dependent On Crude Oil

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Publication date: 17 November 11:52 AM

High Oil Prices Threaten OPEC+

 Today’s oil prices, which are relatively high, as well as some tensions in Saudi Arabia, may hinder the prolongation of the OPEC+ agreement signed last year, PRIME reports.

Publication date: 17 November 11:49 AM

Oil Prices Won’t Exceed $75/b, BofA Experts Say

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Publication date: 17 November 11:13 AM

Wall Street Banks Improve Their Oil Forecasts

For the first time in 6 months, Wall Street banks seem to be optimistic about the near future of crude oil, The Wall Street Journal reports.

Publication date: 10 November 07:06 AM

Cryptocurrency Market Cap Goes Above $200 Billion

Last week, the cryptocurrency market capitalization exceeded the $200 billion threshold for the first time in history. According to Coinmarketcap, a resource monitoring 1254 digital currencies on 6400 online exchanges, Bitcoin was the biggest market driver of the market-cap rally. 

Publication date: 10 November 01:12 AM

Bitcoin Sets New All-Time High At 7848 USD/BTC

Bitcoin, the world’s most popular cryptocurrency, has set another all-time high. The developers decided to abandon the idea of Segwit2x protocol. The news pushed the BTC exchange rate all the way up to $7848, Market Leader reports.

Publication date: 09 November 02:11 AM