CME Group to Finalize the Launch of Its Bitcoin Options in January 2020

While the news about CME Group launching options for its Bitcoin futures contracts has been making rounds for the last few, it has now been confirmed officially. The derivatives platform said that it will launch Bitcoin options in January 2020. The official announcement reads: “In response to growing interest in cryptocurrencies and customer demand for tools to manage bitcoin exposure, CME Group will launch options on Bitcoin futures (BTC) on January 13, 2020”. Tim McCourt, the exchange’s global head of equity index and alternative investment products, said: “Since the launch…

Bitfinex Looks to Launch Options Trading As Soon As Q1 2020

According to an executive, cryptocurrency exchange Bitfinex is planning to launch options and a gold-backed stablecoin, among a host of new products. New range of products In a Nov. 12 appearance on the Scoop, Paolo Ardoino, CTO of Bitfinex and Tether, told the Block that Bitfinex is considering launching options trading, while also taking a closer look at prospects for a gold-backed stablecoin, dubbed Tether Gold. Although Ardoino didn’t reveal any additional details about Tether Gold, he did reveal that the company is currently eyeing a Q1 2020 launch of…

Canadian Bank Changes Bitcoin Tune, May Launch Cryptocurrency Exchange

The Royal Bank of Canada (RBC) is exploring building a cryptocurrency trading platform for both investments and in-store/online purchases. This move would make the bank — the largest in Canada by market capitalization, with $661 billion CAD ($499 billion) in assets under management — the first in the country to launch a cryptocurrency exchange. The trading platform would facilitate the buying and selling of individual digital coins, including Bitcoin and Ether, as well as bundled crypto assets. RBC also plans to offer customers the ability to open accounts to safely…

CME Group Announces Launch Date of Options on Bitcoin Futures Product

The Chicago Mercantile Exchange (CME) Group has announced the date it expects to launch options on Bitcoin (BTC) futures in a statement on Nov. 12. “In response to growing interest in cryptocurrencies and customer demand for tools to manage bitcoin exposure, CME Group will launch options on Bitcoin futures (BTC) on January 13, 2020,” the company revealed in the announcement. The CME Group said that the upcoming product is still pending regulatory approval. Contract specifications CME Group specified that one Bitcoin futures contract will represent 5 BTC quoted in U.S.…

CME Says It Will Launch Bitcoin Options in January

Derivatives exchange CME Group has announced it will launch options on its bitcoin futures contracts in January. In a notice on its website on Tuesday, the Chicago-based exchange said, as long as it gets the green light from regulators, the options will go live on Jan. 13, 2020. In late October, the firm published details of the options product, saying each contract would be based on one of bitcoin futures contracts (comprising of five bitcoin). They will be quoted in U.S. dollars per bitcoin with a tick size of $25 (or…

Bitcoin Mining Firm Canaan Creative to Launch Its IPO Next Week on Nasdaq

Failing to go public on the China and Hong Kong exchanges, Canaan now will make its public listing through the Nasdaq platform. Canaan Creative, the Chinese Bitcoin mining company is all set to go public by listing its shares on the Nasdaq trading platform next week on November 20. As we have already reported, Canaan filed for its U.S. IPO on October 28, with Galaxy Digital, Credit Suisse, Citigroup and four other underwriters. Canaan is one of the biggest rivals of Bitmain in the crypto mining space. As per the report,…

Manny Pacquiao Token to Launch in IEO on GCOX Exchange

Filipino boxing champion Manny Pacquiao made international news headlines recently when he announced he was issuing his own cryptocurrency, the PAC token. Now, the PAC token is following the 2019 crypto crowdfunding trend by engaging in an initial exchange offering (IEO), courtesy of Singaporean exchange GCOX. The sale will open on November 12. Pacquiao initially declared his intentions to release a digital token at a free concert for fans in Manila during early September. In between serenading his fans with love songs, the boxer informed them that they could soon…

HCM Capital Expects China’s Digital Currency to Launch in 2-3 Months

Founding managing partner of HCM Capital, the private equity arm of electronics manufacturer Foxconn, Jack Lee, says China’s Central Bank Digital Currency (CBDC) is ready and expects it to launch in two to three months.  During an interview with CNBC published on Nov. 11, Lee also suggested that the People’s Bank of China (PBoC) will use the new currency to further strengthen its oversight over capital flows.  China’s digital currency is ready He explained that the PBoC already tracks cash movements with serial numbers on banknotes and blockchain could provide…

Tunisia to Launch E-Dinar National Currency Using Blockchain

Tunisia has become the first country to start moving its national currency to a blockchain platform. Russian ICO startup Universa will help issue and manage Tunisia’s Central Bank Digital Currency (CBDC), reported Russian news agency Tass on Nov. 7. E-dinar expected to be more transparent, cheaper to issue The Central Bank of Tunisia announced that the digitization of the Tunisian dinar has started and that the paper-backed CBDC will be issued on the Universa Blockchain.  Furthermore, Universa will also reportedly receive a percentage of all transactions carried out with the…

Fed Must Launch FedNow Ahead of Facebook’s Libra, Says Gov’t Official

A senior United States federal official has argued that Facebook’s Libra highlights the need for the Federal Reserve (Fed) to act urgently and launch its own real-time payments system. In a letter addressed to the Federal Reserve’s Board of Governors on Nov. 7, Rohit Chopra —  a commissioner at the United States Federal Trade Commission — expressed his support of the central bank’s proposal to launch a new, round-the-clock real-time payments system dubbed “FedNow Service.” A potential “shadow global central bank” In his letter, Commissioner Chopra argued that the central…