Chicago Mercantile Exchange (CME) daily average bitcoin futures trading up to $ 370 million

As CME Group Managing Director Tim McCourt noted, the activity of traders has increased significantly compared to August last year. “Since the …

The Chicago Mercantile Exchange (CME) reported record daily trading volume of bitcoin futures in 2019, indicating a renewed interest in the first cryptocurrency from investors, according to Forbes.

As CME Group Managing Director Tim McCourt noted, the activity of traders has increased significantly compared to August last year.

“Since the beginning of the year, an average of 7,237 bitcoin futures contracts have been signed daily, up 132% on the same period last year,” he said.

The average daily trading volumes of bitcoin futures at the same time amounted to $370 million.

“This is a great time for both bitcoin futures and cryptocurrency assets in general. Investor interest in cryptocurrency is high, and interest in the wider use of cryptocurrencies and blockchain technology is also growing. It will be interesting to see how this new market will continue to grow,” McCourt said.

According to him, the CME Group’s main focus is on the educational aspect and providing customers with the tools that they may need to make informed strategic decisions.

Returning to the figures, Tim McCourt recalled that May 2019 was the most successful month for the bitcoin futures market on the CME in the history of the instrument. At that time, an average of 13,600 contracts per day was awarded, which corresponded to a nominal amount of $515 million or 68,000 BTC.

The absolute record was recorded on May 13, when 33,677 contracts totaling 168,000 BTC ($1.3 billion) were signed.

“Our role is to help market participants manage risk regardless of whether the price of bitcoin goes up or down. At the moment, CME Group is pleased with the growth of bitcoin futures,” McCourt added.

Recall, in September it is expected to launch trading bitcoin futures on the Bakkt platform, contracts for which, unlike CME, will be with the physical supply of the asset.

About Post Author

Miu Lin

Miu is a journalism major and has been writing as a business journalist for various dailies before joining OBN. She currently writes about blockchain, cryptocurrencies and business news.

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Telegram October Crypto Launch Pits It Against Binance… And Regulators

… what relationship the investors had to Telegram; they could be individuals who bought Gram during its private initial coin offering (ICO) in 2018.
Telegram gram is binance libra competitor?News

Anja van Oosterhout

Anja van Oosterhout| Aug 28, 2019 | 12:00


Telegram has announced it will launch its own cryptocurrency as soon as October, sources have said, in a direct move against Facebook Libra.


Sources: Gram Cryptocurrency To Appear By October 31

Speaking to the New York Times on August 27, three anonymous investors said that Telegram had confirmed the issuance of its Gram tokens would soon start.

The deadline, while not specific, lies within the next two months, they said. The publication did not mention what relationship the investors had to Telegram; they could be individuals who bought Gram during its private initial coin offering (ICO) in 2018.

As Bitcoinistreported, Telegram raised a giant $1.7 billion during the sale, leading executives to cancel its public phase.

According to the Times, Telegram “is also planning to make Gram digital wallets available to the 200 million to 300 million global users of Telegram’s messaging application,” a move which would see it beat Libra, still without an official launch schedule.

The upcoming release would also raise significant questions over compliance. Facebook has spent months battling scrutiny from regulators around the world, scrutiny which remains ongoing.

By contrast, as the Times also notes, Telegram’s development process for Gram has remained largely under the radar.

A sudden public release could thus trigger an immediate backlash, which itself presents a conundrum for authorities. While Libra faced calls for a ban upon the release of its whitepaper, previous attempts by governments to block Telegram have proven unsuccessful.

“I suspect that regulators will take a very close look at this offering,” cryptocurrency-focused lawyer Richard Levin nonetheless warned.

Who’s Copying Whom?

Libra meanwhile does not constitute the only competitor Telegram could usurp with Gram. In offering both an in-house token and cryptocurrency trading via its TON platform, the messaging app closely mimics plans from cryptocurrency exchange Binance.

The latter announced the creation of its Libra lookalike, Venus, early last week. As part of its metamorphosis – a scheme executives refer to as Binance 2.0 – the company is offering increasingly bank-like services, this week launching a crypto loans feature.

“With Lending, Binance users will be able to grow their funds by earning interest income for lending out their holdings over a specific period of time,” an accompanying blog post explained.

As Bitcoinistnoted, the idea could be a mixed blessing, as more details of its technical characteristics emerge.

Binance also chose to start by offering loans in several altcoins – Binance Coin(BNB), Tether(USDT) and Ethereum Classic(ETC) – rather than Bitcoin 00.


What do you think about Telegram’s Gram launch? Let us know in the comments below!


Images via Shutterstock

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Latest cryptocurrency news and prices, 26 August 2019

Bitcoin’s realized market cap has surpassed the $100 billion threshold marking yet another record breaking milestone for the OG cryptocurrency.

Bitcoin’s realized market cap has surpassed the $100 billion threshold marking yet another record breaking milestone for the OG cryptocurrency. The altcoin markets on the other hand continue to face pressure. Here are your latest cryptocurrency news and prices.

Latest Bitcoin (BTC) news and prices

Bitcoin’s (BTC) network recently surpassed a fresh milestone this week as per new data which reveals the extent of losses from the altcoin markets.

As per data from Coinmetrics.io released on August 25, bitcoins realized market cap has become another indicator of a bullish market for the cryptocurrency.

Read more here.

(Trading at $10,387.56 at 14:00 26 August 2019)

Latest Ethereum (ETH) news and prices

In the weekly forecast, as we a few important resistance for ETH price near the $192 and $195 levels against the US Dollar. The price formed a decent support near $182 recently and started an upside correction. The bulls gained traction above the $190 resistance level and the 100 hourly simple moving average. Moreover, bitcoin price jumped 5% recently and surged to test the $10,500 resistance level.

Read more at newsbtc.com

(Trading at $190.60 at 14:00 26 August 2019)

Latest Ripple (XRP) news and prices

This past week, XRP price extended its decline below the $0.2800 support against the US Dollar. Moreover, the price traded below $0.2620 and tested the $0.2580 support area. Later, there was a decent upward move above the $0.2650 and $0.2700 resistance levels. Moreover, the price climbed above the $0.2750 resistance plus the 100 hourly simple moving average, and traded towards the $0.2800 resistance.

Read more at newsbtc.com

(Trading at $0.270725 at 14:00 26 August 2019)

Bitcoin Cash (BCH) news and prices

Software developers Rosco Kalis and Gabriel Cardona have been steadily working on Cashscript, a high-level programming language for Bitcoin Cash. When the language is tied to certain opcodes, specific schemes can be built that allow for autonomous and decision-based transactions. While testing Cashscript’s capabilities, the two engineers recently deployed an oracle, forfeits, an onchain wager, and a recurring payments contract.

Read more at news.bitcoin.com

(Trading at $312.15 at 14:00 26 August 2019)

Litecoin (LTC) news and prices

Litecoin price has finally touched the sweet point of 75 USD after a 1.37% growth over the last 24 hours. The Litecoin has been through four phases of price variations against USD, and it has fallen to as low as 70 USD in this period. Before analyzing those variations, let us first see the current data of LTC.

Read more at cryptonewsz.com

(Trading at $73.92 at 14:00 26 August 2019)

Binance Coin (BNB) news and prices

Earlier today, the CEO of the world’s leading cryptocurrency exchange Binance, Changpeng Zhao, posted a rather intriguing tweet, asking whether people would like to earn cryptocurrency in their sleep, hinting that something will happen on Binance today. Is Binance lending about to come to light?

BNB Price Spikes Following CZ Tweet

Binance Coin (BNB) is up 4.6 percent in the past 24 hours. However, the majority of its gains came right after Changpeng Zhao, the exchange’s CEO, posted a mysterious tweet, sparking the curiosity of the community.

Read more at cryptopotato.com

(Trading at $26.99 at 14:00 26 August 2019)

Tether (USDT) news and prices

Tether (CURRENCY:USDT) traded 0.4% higher against the U.S. dollar during the 24 hour period ending at 9:00 AM Eastern on August 25th. Over the last seven days, Tether has traded 0.2% higher against the U.S. dollar. Tether has a market cap of $4.06 billion and $14.70 billion worth of Tether was traded on exchanges in the last day. One Tether token can now be purchased for approximately $1.00 or 0.00009759 BTC on exchanges including HitBTC, BtcTurk, DragonEX and CoinBene.

Read more at mayfieldrecorder.com

(Trading at $1.00 at 14:00 26 August 2019)

EOS news and prices

EOS price settled above the $3.600 resistance level and traded above the $3.650 level. However, there are many key hurdles forming near the $3.700 and $3.800 levels. A convincing close above $3.800 is needed for an upside acceleration in the near term. On the downside, the main support is near the $3.500 level.

Read more at newsbtc.com

(Trading at $3.62 at 14:00 26 August 2019)

Bitcoin SV (BSV) news and prices

Think of the importance attached to the unknown identity of bitcoin’s founder. It not only denied critics a target to accuse of running a get-rich-quick scheme; it gave the bitcoin community its genesis myth. That, in turn, has fed the posturing over Bitcoin Cash and Wright’s Bitcoin SV, the latter’s name alluding unabashedly to the prophet-like notion of “Satoshi’s Vision.”

Read more at coindesk.com

(Trading at $134.47 at 14:00 26 August 2019)

Stellar (XLM) news and prices

Following the recent price, Stellar is currently facing a critical resistance at $0.07 level at the upper boundary of the wedge. A break above the triangle is likely to produce a huge green candle to the upside, marking resistances at $0.0725, $0.075, $0.080 levels and above. By then, the Stellar market will follow a bullish run.

Read more at tronweekly.com

(Trading at $0.072280 at 14:00 26 August 2019)

For your daily top cryptocurrency news and price updates, be sure to check in daily at 14:00.

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Bitcoin Price Breaks $10100 as Top Altcoins See Green

As Cointelegraph reported yesterday, Ethereum is in a bear market, but Placeholder VC partner Chris Burniske explained why he believes ETH/USD …

Sunday, Aug. 25 — Most of the top 20 cryptocurrencies are seeing moderate gains on the day while Bitcoin (BTC) circles around the $10,100 mark.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin price is up by 1.67% on the day, trading at around $10,135 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 0.78%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

Ether (ETH) is holding onto its position of the largest altcoin by market capitalization, which currently stands at $20.5 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $11.8 billion at press time.

Coin360 data shows that ETH’s value increased by about a percent over the last 24 hours. At press time, ETH is trading around $191. On the week, the coin has also gained about 3.24%.

Ether 7-day price chart

Ether 7-day price chart. Source: Coin360

XRP is up by about 3.3% over the last 24 hours and is currently trading at around $0.275. On the week, the coin is up about 3.77%.

XRP 7-day price chart

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, the only ones seeing losses are Unus Sed Leo (LEO), down 0.73%, Chainlink (LINK), down 0.59%, and Binance Coin (BNB), which is down a fraction of a percent.

At press time, the total market capitalization of all cryptocurrencies is $265.6 billion, about 0.22% higher than the value it reported a week ago.

As Cointelegraph reported yesterday, Ethereum is in a bear market, but Placeholder VC partner Chris Burniske explained why he believes ETH/USD is a great long-term investment.

Keep track of top crypto markets in real time here

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Bitcoin Price Breaks $10100 as Top Altcoins See Gree

Sunday, Aug. 25 — Most of the top 20 cryptocurrencies are seeing moderate gains on the day while Bitcoin (BTC) circles around the $10,100 mark.

Sunday, Aug. 25 — Most of the top 20 cryptocurrencies are seeing moderate gains on the day while Bitcoin (BTC) circles around the $10,100 mark.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin price is up by 1.67% on the day, trading at around $10,135 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 0.78%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

Ether (ETH) is holding onto its position of the largest altcoin by market capitalization, which currently stands at $20.5 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $11.8 billion at press time.

Coin360 data shows that ETH’s value increased by about a percent over the last 24 hours. At press time, ETH is trading around $191. On the week, the coin has also gained about 3.24%.

Ether 7-day price chart

Ether 7-day price chart. Source: Coin360

XRP is up by about 3.3% over the last 24 hours and is currently trading at around $0.275. On the week, the coin is up about 3.77%.

XRP 7-day price chart

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, the only ones seeing losses are Unus Sed Leo (LEO), down 0.73%, Chainlink (LINK), down 0.59%, and Binance Coin (BNB), which is down a fraction of a percent.

At press time, the total market capitalization of all cryptocurrencies is $265.6 billion, about 0.22% higher than the value it reported a week ago.

As Cointelegraph reported yesterday, Ethereum is in a bear market, but Placeholder VC partner Chris Burniske explained why he believes ETH/USD is a great long-term investment.

Keep track of top crypto markets in real time here

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