CME's a go

CoinDesk Daily is sponsored by  ❄️ ❄️ December 1, 2017 ❄️ ❄️ "The journey of a thousand miles begins with one step." ― Lao Tzu Got this from a friend? SUBSCRIBE HERE THE FEATURE U.S. Regulator Clears CME, CBOE to Trade Bitcoin Futures The U.S. Commodity Futures Trading Commission (CFTC) has approved three financial products offering exposure to cryptocurrencies for trading starting December 18. In an announcement today, the U.S. regulator revealed it will allow CME Group, CBOE and Cantor Fitzgerald to list the much-anticipated offerings in the U.S. via a self-certified initial listing. The reveal comes just weeks after CME indicated via its website that it would launch the product on December 11, before retracting the remarks, and months after CBOE revealed it, too, would seek to launch a futures product. Both CME and CBOE will offer cash-settled contracts that will find investors buying exposure to different reference rates that will not require custody of the asset. CME will use data provided by partner Crypto Facilities, which uses data from exchanges including Bitstamp, Kraken, itBit and GDAX, while CBOE intends to use data from the New York exchange Gemini. 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: Bitcoin Price Pushes Above $10,500 on U.S. Futures Listings The wait is over for regulated bitcoin futures contracts in the U.S., and prices are rising strongly on the news. U.S. Regulator Clears CME, CBOE to Trade Bitcoin Futures U.S. derivatives giant CME Group will launch bitcoin derivatives trading on December 18 following approval from regulators. Bitcoin Not Legal Tender in India, Finance Minister Says India's finance minister, Arun Jaitley, has said bitcoin is not legal tender in the country and indicated that regulations are under consideration. Bitcoin Claws Back to $10k: Can Bulls Turn the Tide? The bitcoin price is entering sideways trading, but a break above $10,000 could signal a rally back to all-time highs. Bitcoin Too Volatile for Goldman Sachs, Says CEO Goldman Sachs CEO Lloyd Blankfein has said it's to early for the bank to consider a bitcoin strategy as it "doesn't feel like a store of value." Bitcoin 'Seems Like a Bubble', Says Billionaire Investor Carl Icahn Billionaire investor Carl Icahn has jumped on the bandwagon of financial bigwigs saying bitcoin is in a bubble. New Protocol Could Supercharge Ethereum's Blockchain An older attempt to overcome ethereum's restrictions is getting a refresh, and may bring the platform closer to its aim of being a "world computer." White House Team Is Monitoring Cryptocurrencies, Says Press Secretary The Trump administration has said it is keeping an eye on cryptocurrencies like bitcoin in the wake of its recent explosive price jumps. Bank of Canada Paper Weighs Central Bank-Issued Cryptocurrency Developed and developing economies would see different benefits if their central banks issued a cryptocurrency. Bitfinex and Tether Break Silence, Go on Media Blitz One of the world's largest bitcoin exchanges is pushing back against allegations its business is engaging in improper market practices. Bitcoin Is an Emerging Systemic Risk The bubble in cryptocurrency threatens the broader financial system, given new buyers' different motivations from early adopters and use of leverage. Fed Vice Chair: Cryptocurrencies Threaten Financial Stability Decentralized currencies could have "spillover effects" on the wider financial system if they get too big, Fed supervision chief Randal Quarles said. ICE Agent: Cryptocurrencies Increasingly Used in Money Laundering A U.S. Immigration and Customs Enforcement agent mentions mixing services at exchanges and anonymity-enhancing currencies in Senate testimony. Almost Half of ICO Funding Goes to Europe, Report Finds The report by venture capital firm Atomico also found that more than a third of all ICOs were based in the EU. Go to CoinDesk BTC: $10,563.63 +6.53%  ETH: $464.03 0.0% @9:10 EST - More price details 👋 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