Bitcoin breaks CBOE as futures up 20% after launch, trades at $18,210

Within three hours after its listing of bitcoin futures, the website and online trading platform of the Chicago Board Options Exchange (CBOE) were inaccessible, due to an unexpected spike in demand and volume. According to Yuji Nakamura, a Tokyo-based technology journalist, CBOE bitcoin futures processed $401,600 worth of trades within the first 20 minutes. Upon […]

Bitcoin futures go live, could change the game for cryptocurrencies

Cboe Global Markets, the Chicago-based exchange group, will be the first exchange to launch bitcoin futures. And you can be sure Wall Street will be watching. CME Group, Cboe’s cross-town rival, will launch its market later in December. And Nasdaq is preparing for a launch for the second-half of 2018. The new product by Cboe […]

France endorses blockchain for trading unlisted securities

France is to begin trading unlisted securities using blockchain technology, a revolutionary move that will see middlemen such as brokers and custodian banks removed from the trading process. The changes were announced by French Finance Minister Bruno Le Maire and will come into force in July next year. It will only apply to non-listed securities […]

Austrac gets the legal nod to monitor Bitcoin, Ethereum exchanges

The Australian Transaction Reports and Analysis Centre (Austrade) will be monitoring cryprocurrency exchanges after the Australian Senate passed the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017 on Thursday. The amendment bill, which was introduced in August, was approved by the House of Representatives on Wednesday, and took the Senate one day to pass. Under the amended legislation, […]

Goldman Sachs interrogates clients about bitcoin’s price trajectory, sign of growing interest

Lloyd Blankfein, Goldman Sachs CEO

Goldman Sachs asked clients their views on bitcoin’s likely price trajectory, yet another sign of growing interest in cryptocurrency from mainstream finance. Goldman Sachs’ market “strat” team within the securities division sends a monthly poll to clients to gauge their thinking on a variety of investment issues. The December “Quickpoll” includes the question: “Where do […]

Nigeria’s SEC set to carry out forensic audit on Oando

Jubril Adewale Tinubu, CEO, Oando

Nigeria’s Securities and Exchange Commission (SEC) plans to go ahead with a forensic audit of oil company Oando Plc, it said in a statement late Tuesday, despite the suspension of the commission’s director, according to Reuters. The finance minister suspended Mounir Gwarzo, SEC Director General last week over allegations of financial impropriety, a month after Gwarzo […]

Bitcoin up $12,000 as futures move closer to reality

Bitcoin surpassed $12,000 for the first time amid speculation that the widespread use of futures will help lead to digital currencies being viewed as a legitimate asset class for mainstream investors. The largest cryptocurrency by market value has soared from less than $1,000 at the start of the year as optimism climbs for the distributed […]

Apple agrees to pay Ireland €13bn in back taxes after EU challenge

Apple has agreed to pay Ireland up to €13bn (£11.5bn) in back taxes after the European Commission said it received unfair tax incentives. The European Commission ruled in 2016 that the tax arrangement was illegal under EU state aid rules, but Apple and Ireland have both appealed the order. In October, Europe’s competition chief Margrethe […]