Hedge against

CoinDesk Daily is sponsored by  🍂 🍂 November 20, 2017 🍂 🍂 "The future belongs to those who prepare for it today." – Malcolm X  Got this from a friend? SUBSCRIBE HERE ALL-TIME HIGH 🏆 BTC: $8,148.25 +1.42% 🏆 ETH: $358.04 +1.05% @8:00 EST - More price details THE FEATURE FUD From All Sides: In Defense of CME's Bitcoin Futures Plan Like it or not, bitcoin futures are pressing forward.   Not to be confined to weekday discussion, the race to bring the option to an institutional set took a step Saturday, when the first long-term hedge on a regulated U.S. exchange was reported.   But it's perhaps the value of the transaction (an institutional buyer secured the option to purchase bitcoin at $10,000 next year) that speaks most loudly.   While futures have been positioned as a way to hedge bitcoin's volatility, allowing short and long positions, it's perhaps been undersold that many institutional traders are likely long-term bulls. (Or at least savvy enough to know shorts haven't fared well in 2017).   The reasons why were further outlined in an op-ed by futures brokerage founder William Mallers, who sought to highlight in simple terms why his former industry should be more apt to embrace bitcoin.   Far from fearing the new, Mallers makes a well-reasoned plea for how it could lead to efficiencies and why, as a non-correlated asset, owning it can be seen as common sense.   A margin clerk's dream? Maybe. But, reality is approaching. Read the whole story Tweet Share ⭐ COINDESK SPONSOR ⭐ Custody for your Crypto Assets Protect and secure your assets with itBit, a regulated Trust Company, and Custodian. With itBit, all assets are backed by regulatory capital reserves, and you can verify custody account balance and holdings 24/7 with personalized access and customer support. Learn More Wait, there's more: Futures Boost? Ether Looks Up on 11-Week High With talk of a possible derivatives market on the way, the price of ether, ethereum's native token, may be on the up. Estranged Moscow Exchange Director Emerges as Blockchain Boss A former executive of the National Depository of Ukraine left because of politics, but found "game-changing" opportunities in blockchain. Rally Fatigue? Low Bitcoin Volumes Could Cap Upside Bitcoin prices are at their highest ever, but there may be a chink in the cryptocurrency's armor – low volumes. Australian Government Grants $8 Million for Blockchain Energy Pilot The Australian government has announced that it will provide over AU$8 million in grants for a blockchain-powered smart utilities project. Smart Dubai Office Bags Award for Blockchain Initiative The Smart Dubai Office won an award for its blockchain initiative at the Smart Cities Expo and World Congress last week. TGEs or ICBMs? Words Might Not Matter for ICOs The hottest industry term in cryptocurrnecy is proving a doubled-edged sword for the entrepreneurs seeking to enter the market. Survey: Institutional Traders Are Split on Bitcoin's Price, Wary of ICOs A plurality of respondents to a new survey from brokerage firm Triad Securities said they believe bitcoin is in a bubble that's primed to crash. FUD From All Sides: In Defense of CME's Bitcoin Futures Plan The CME's plan to offer bitcoin futures will benefit the futures trading and bitcoin communities alike – notwithstanding hand-wringing in both worlds. Bitcoin's Price Climbs Above $8,000 to Hit New High Bitcoin's price rose above $8,100 for the first time on Sunday. Even Investors with Access Want ICO Presale Reform Many agree that the now-commonplace ICO presale to public sale process is too compressed and goes against the funding method's original intent. The Gentrification of ICOs Is Underway The ICO neighborhood, so to speak, is cleaning up, though University of Dublin's Paul Ennis suggests this may not exactly be a future to fear. First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000 The first ever LedgerX long-term bitcoin futures option pegs the cryptocurrency price at $10,000 by next December. ICOs on Our Terms and Conditions How to structure token sales that comply with securities laws open participation to a diverse range of purchasers and enhance value for all involved. Millions Gone? Broker Takes Fire for Bitcoin Cash Freeze Bitcoin cash's big ups and downs have had market impacts far and wide, while showcasing the nascent nature of the crypto sector as a whole. Go to CoinDesk 👋 CoinDesk is Hiring 👋 Come join our great team here in New York City! Copyright © 2017 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list