Bitcoin News 2 August 2017 – Bitcoin Price Holds ground, Bitcoin Cash surges over 200% and Rising
It's the Bitcoin News, and what could be the news of the year leading as the top story today. Bitcoin derivatives are set to ignite prices as it is reported that the Chicago Board Options Exchange (CBOE) has partnered with Gemini, the Bitcoin exchange backed by Cameron and Tyler Winklevoss. This is part of a bid to launch cryptocurrency derivatives trading. The reason this is such important news is that all big financial institutions have an account on the CBOE and this could fire up cryptocurrency prices like we've never seen before.
Four years in the making, the Winklevoss twins attempted unsuccessfully to list the first Bitcoin ETF early 2017, with BATS, which was rejected by the SEC but then taken under review. EFT's will be listed, it is only a matter of time.
The latest Chicago Board Options Exchange (CBOE) news comes off the back of permission granted by the U.S. Commodity Futures Trading Commission (CFTC) to a private company, LedgerX, to exchange and clear any number of blockchain cryptocurrency derivatives.
Other news headlines:-
Bitcoin and the new Bitcoin Cash - After the soft fork of Bitcoin on 1 August, and the hard fork which ensued creating a new crypto called Bitcoin Cash, the markets showed support of Bitcoin as the price remained stable. Bitcoin Cash, on the other hand, almost touched $900 until settling around the $550 at the time of recording pushing Bitcoin Cash into the third spot for market cap, under Bitcoin and Ethereum. Find a list of participating exchanges on bitcoincash.org.
Chilean Regulator: Central Bank Cryptocurrencies May Be 'Many Years Away' - there are varying opinions by other central banks on this subject, one being the MAS. The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, has released a new report on an initiative triggered last year aimed at developing a tokenized form of the Singapore dollar (SGD) on a distributed ledger.
Nasdaq has signed a deal with the operator of Switzerland's primary stock exchange to integrate blockchain into its over-the-counter product services. As always, Switzerland are at the forefront of financial innovation and also known to have the best banking strategy as well as the most stable economy in the past years.
Now to the far east where the Hong Kong Stock Exchange (HKEX) is planning to launch a blockchain-powered private market - this will be to help smaller firms obtain financing.
More news on Stock Exchange involvement in new technology and the digital economy - very bullish for the future!
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I am Groot! :D
Great write up. Wondering if you suffer from blockfolio addiction too? - https://steemit.com/cryptocurrency/@cryptocoinclub/confessions-of-a-blockfolio-addict