In the first edition of the Crypto trend we introduced the Crypto (CC) currency and answered several questions about this new market room. There is a lot of news on this market every day. Here are some highlights that give us a glimpse of how new and attract this market space:
The world’s largest futures exchange to make a futures contract for Bitcoin
Terry Duffy, President of the Chicago Mercantile Exchange (CME) said, “I think a second week in December you will see our contract [Bitcoin Futures] out for the list. Today you can’t be a short bitcoin, so there is only one way it can go . You buy it or sell it to others. So you make a two-sided market, I think it’s always much more efficient. “
CME intends to launch Bitcoin Futures at the end of the year of delayed regulatory review. If successful, this will give an investor a worthy way to go “long” or “short” on Bitcoin. Some of the sellers of funds traded on the Exchange are also submitted for Bitcoin ETF which tracks Bitcoin Futures.
This development has the potential to allow people to invest in Crypto’s currency space without having a direct CC, or using CC exchange services. Bitcoin Futures can make digital assets more useful by allowing users and intermediaries to protect the risk of their foreign exchange. It can increase the adoption of cryptocurrency by traders who want to accept Bitcoin payments but alert to the value of volatile. Institutional investors are also used to trade the regulated future, which is not disturbed by money laundering fears.
The CME step also shows that Bitcoin becomes too large to be ignored, because the exchange seems to override Crypto Futures in the past. Bitcoin is just about everything that is talked about in brokers and trading companies, who have suffered in the middle of an unusual but unusual market. If futures in exchange take off, it will be almost impossible for other exchanges, such as CME, to catch up, because scale and liquidity are important in the derivative market.
“You can’t ignore the fact that this becomes more and more stories that will not be lost,” Duffy said in an interview with CNBC. There is a “mainstream company” that wants access to Bitcoin and there is a “big hidden request” from the client, he said. Duffy also thinks bringing institutional merchants to the market can make Bitcoin less fluctuating.
Japanese village to use the Crypto currency to increase capital for city revitalization
The village of Japan Nishiawakura examined the idea of holding an initial coin offer (ICO) to raise capital to revitalize the city. This is a very new approach, and they can request support for the national government or seek private investment. Some ICO has a serious problem, and many skeptical investors that new tokens will have value, especially if the ICO turns out to be a joke or other fraud. Bitcoin is certainly not a joke.
Initial Coins Offer – (ICO)
We don’t call ICO in the first edition of Crypto trend, so let’s mention now. Unlike the initial public offering (IPO), where companies have actual products or services for sale and want you to buy shares in their company, ICO can be held by anyone who wants to start a new Blockchain project with the intention of creating new tokens on their chains . ICO is not set and some have been totally sham. But the legitimate ICO can increase a lot of money to fund new Blockchain projects and networks. It is typical for ICO to produce high tokens prices near the beginning and then sink back to reality immediately after that. Because ICO is relatively easily detained if you know technology and have a few dollars, there are many, and today we have around 800 tokens in the game. All of these tokens have names, they are all Crypto currencies, and except for very famous tokens, such as Bitcoin, Ethereum, and Litecoin, they are nicknamed Alt-coin. Currently the Crypto trend does not recommend participating in ICO,