The Real Effect of Futures Markets On Bitcoin

The Real Effect of Futures Markets On Bitcoin

Two weeks ago, Bitcoin entered its first ever stock market derivative in the Chicago Board of Exchange (CBOE) as a futures market contract and its debut went positively well, other than crashing the CBOE website due to the high volume of traders. However, in another week—this Sunday—the Chicago Mercantile Exchange (CME) launched its own Bitcoin […]

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Bitcoin Proves It Is A Currency To Be Taken Seriously After Hitting $10k

Bitcoin Proves It Is A Currency To Be Taken Seriously After Hitting $10k

It turns out Tim Draper, a venture capitalist, and early Bitcoin adopter, was right about Bitcoin reaching the $10k after he predicted it three years ago when the value was still around $400. The $10k price mark is significant for users of the cryptocurrency because it is the first time that a digital currency had […]

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