QUOTE OF THE DAY
“Whatever the mind of man can conceive and believe, it can achieve.”
CME Group to Launch Bitcoin Futures Contract
The CME Group(Chicago Mercantile Exchange) has announced plans to launch a bitcoin futures product in the fourth quarter of this year.
Traditional players and institutional investors will probably get their first exposure to bitcoin through these bitcoin futures.
Participants will be able to enter the market through futures which is much safer and easier for them than managing their own private keys.
TL;DR - Think of this as a gambling market for the price of bitcoin in which you don't actually need to touch bitcoin.
You can read the official release from CME here.
Major Chinese Exchanges Launch P2P Trading Platforms
Bitcoin News reports that China’s major exchanges have found a legitimate means through which to continue operations despite the Chinese government crackdown on cryptocurrency exchanges.
This shouldn't be a big surprise to anyone.
You can read more about this here.
My Current Sentiment: Bullish.