CBOE Not Listing Bitcoin Futures In March

It have been reported that that the Chicago Board Options Exchange (CBOE) will not add a new Bitcoin (BTC) futures market in March.

They release this statement last March 14 stating that they are now in the process or re-evaluating how it approaches trading digital assets, currently listed futures XBTM19 will expire in June.

CBOE Bitcoin futures trading launched in December 2017 and was almost immediately followed by a similar offering by the Chicago Mercantile Exchange (CME).

Futures contract enables investors to get exposure to an underlying asset which in this case bitcoin without having to own one.

Investors can buy contracts that tracks the underlying price of the asset and speculate on whether the contract price will increase or decrease by the time of the expiration of the contract.

The difference is paid in U.S. Dollars.

Justin Sun Giving Away $20M and Tesla Car

In what he describes as a celebration of the company’s success, Justun Sun, The Founder of Tron and current CEO of Bittorrent is planning to airdrop $20 million cash airdrop and a Tesla car.

While airdrops are generally received by the crypto community positively in the past, Justin’s recent move raised concerns about his fiscal responsibility.

The move was in celebration for the acquisition of Bittorrent as well as the partnership with Tether that has recently partnered with the Tron to launch another version of the Stablecoin.

The only requirement you have to do to be eligible to win in his giveaway is to follow him on twitter and and retweet his tweet that announced the said contest.

As of this time of writing the tweet has gotten more than 41,000 retweets with many crypto investors and small-time traders genuinely excited about Sun’s giveaway.

Polychain And Digital Currency Group Invest On Bakkt Competittor

It has been reported that that Polychain and Digital Currency Group have recently invested in the physically-delivered crypto futures exchange Coinflex.

According to Coinflex they are the first physically-delivered cryptocurrency futures exchange which many believes as a direct competitor to Bakkt which has yet to offer its clients the same services.

Polychain and Digital Currency Group joins other high profile investors in the project which include Dragonfly Capital Partners, Roger Ver and Trading Technologies.

As an additional feature to Coinflex’s platform also release its own coins dubbed as FLEX coin which is designed to promote liquidity and to reward early trading activities in the platform.

Mark Lamb the CEO at Coinflex states that they want to reward traders of the platform and build loyalty using a shared exchange coin.

It seems that Coinflex has stolen Bakkt’s thunder by moving faster than the Intercontinental Exchange backed crypto exchange in bringing physically settled-delivered crypto futures exchange.

French Commercial Judiciary System To Use IBM’s Blockchain Platform

Reports online indicates that the French commercial court clerks will now use blockchain-based platform to record changes in companies’ legal status in the country.

This was revealed through an official announcement made last March 14 through the web portal of IBM which will be the technology partner of the French’s government branch.

The platform was co-developed by IBM and the National Council of Clerks (NCC) and will be deployed sometime in 2019.

The blockchain will be built on top of Hyperledger Fabric Network and aims to increase transparency and efficiency in legal transactions of companies operating under its jurisdiction.

According to NCC with the use of the pilot of the initiative they were able to reduce the time it takes to update a registry into one days compared to their legacy systems which usually takes several days.

The Main Stock Exchange In Thailand To Introduce Digital Asset Platform By 2020

Not to be outdone by regional powerhouses in the crypto-industry the premier stock exchange of Thailand has recently announced that they will be bringing into their platform digital assets trading by 2020.

The Stock Exchange of Thailand (SET) has confirmed plans of building a digital asset platform which will be part of their 3-year strategic plan from 2019 to 2021.

According to SET the capital market industry will experience a complete digitization of its infrastructure that will enable it for paperless operations.

Moreover it sees that building of a new ecosystem that will support digital assets in order to create new opportunities that would be transformative to the investment landscape of Thailand.

Pakorn Peetahawatchai the president of SET has expressed confidence that this new initiative will propel the Thai capital market to the next level.

While it may seem Thailand was a little slow in getting into the crypto scene with many positive moves that are widely seen as crypto friendly Thailand is slowly catching up with regional powerhouses like Japan, Korea and Singapore.

Headlines for the world of Cryptocurrencies - March 14, 2019 $100 Million Fund For Blockchain Gaming Launched By Ripple And Forte / Coinbase Now Supports Stellar Lumens / First Ever Cold Storage OTC Crypto Trade Made By Coinbase / Justin Says Crypto Will Bring News Wave Of The Internet In CNBC interview / US Securities And Exchange Commission Meeting With Blockchain Startups To Clarify Regulations
Headlines for the world of Cryptocurrencies - March 13, 2019 XRP And Credit Card Purchases Now Available At Binance’s Official Wallet / IBM Offers Crypto Custody Solutions For Banks / U.S SEC Chairman Hints Ethereum Is Not A Security / Thailand Approves Its First ICO Portal / Nasdaq Shares Technology To Crypto Mining/Trading Startup
Headlines for the world of Cryptocurrencies - March 12, 2019 Abra Now Supports Direct Deposits And Withdrawals Of Ether / Hundreds Of Institutions Interested In Crypto Investment According To Fidelity Exec / Globitex Launches IBAN-Enabled Euro Wallet / North American Seafood Giang To Use Blockchain To Improve Its Supply Chain Traceability / HSBC Looking For Banking Partners In South Korea For Its Blockchain Platform