• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Banking

      Q3’19: Banks’ NPLs moderate by N1.14trn

      2 min

      Finance

      Decline in FDI to persist in Nigeria, say experts

      48 min

      Banking

      Acess Bank donates to immigration service in Lagos

      2 hrs

      National Assembly raises own 2020 budget by N3bn

      4 hrs

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      South Africa

      On South Africa GDP contraction 

      December 4, 2019

      Foreign Investments

      Countries seen rejecting foreign investments for national security, says UNCTAD report

      December 3, 2019

      Frontpage

      US in another trade war, vows to impose 100% fine on French goods 

      December 3, 2019

      Frontpage

      Nigeria will have 25% of world’s poor without reforms – World Bank

      December 2, 2019

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Energy

      OPEC, allies cut oil output by 1.7mbpd

      < 1 min

      Frontpage

      US becomes net crude oil exporter, first time ever

      13 min

      Energy

      OPEC tackles energy poverty in Africa as oil nations convene in Vienna

      2 hrs

      FG to take over Yola Disco with N27bn

      6 hrs

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analysis

      Nigeria’s resilience against global risks

      December 3, 2019

      Analysis

      Getting the Board on board GRC implementation

      December 3, 2019

      Analysis

      How much money do you need?

      December 3, 2019

      Analysis

      On statement of changes in equity

      December 3, 2019

Frontpage

Bitcoin extend gains for the fourth consecutive day, hitting $7,000 to establish a fresh record

November 2, 2017779 views0 comments

Bitcoin zoomed to fresh peaks on Thursday, with traders bidding the cryptocurrency up after a decision earlier this week by a major exchange operator to launch bitcoin futures, which gave the notion that Wall Street was taking it seriously.

According to a Financial Times report citing Reuters data, bitcoin was up 5.4 percent to $7,105 in mid-morning trading in New York as against the about $1,000 it traded 10 months ago.

CME Group, the Chicago-based exchange operator known for derivatives that let investors hedge against and speculate on currencies moves, unveiled plans this week to launch bitcoin futures. It joined CBOE Global Markets, which is planning to launch bitcoin options, which are another form of derivative.

The increasing attention has come even as some of the financial industry’s biggest names, including Jamie Dimon, the JPMorgan Chase chief executive, and BlackRock head Larry Fink have warned investors that they may find themselves in the midst of a bubble.

It is worth noting, too, that bitcoin has at times faced intense volatility — far greater levels than with established currencies that trade in one of the most liquid markets in the world. In September, for instance, it fell sharply after bearish comments from Dimon and concerns of a regulatory crackdown from China.

About Post Author

Businessam Staff

See author's posts

Related posts:

US becomes net crude oil exporter, first time ever
How Nigeria can meet 4% annual trade growth, by Iheanacho
OPEC tackles energy poverty in Africa as oil nations convene in Vienna
Investors scared of Nigeria, says Utomi
Moody’s changes Nigeria’s ratings from stable to negative
265 MDAs breached financial reporting requirements in 2017 – Auditor General
Why CBN, NNPC are not on our platform, says IPPIS
Senate amends Procurement Act, increases mobilisation fee to 30 per cent
Reps raise 2020 budget to N10.6tn
Saudi Aramco targets top end valuation of $1.7trn
Share on Facebook Tweet Email
TagsBitcoin CME Group crypto currencies cryptocurrency funds
PreviousNigeria’s 2018 budget could come in early as presidency plans sending it to NASS Nov 7
NextTrade, most effective tool in fight against poverty – WTO

Leave a comment

- Cancel reply

MARKET DATA

Recent Posts

  • OPEC, allies cut oil output by 1.7mbpd
  • MTN, Glo, Airtel, 9Mobile, ntel spam subscribers 85% of the time, says Truecaller report
  • Ihedioha signs Imo State Hotel, Restaurant Occupancy tax law
  • Q3’19: Banks’ NPLs moderate by N1.14trn
  • US becomes net crude oil exporter, first time ever

World

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

Ethiopia considers sale of minority stakes in telecoms, airline to foreign investors

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Nigeria’s e-commerce market seen growing by N15.5trn in next 10 years

Frontpage April 25, 2018

1
2

Nigerian stocks sell-offs continue as global markets rebound from weak open

Frontpage February 7, 2018

3

AfCFTA implementation set to begin in Nigeria as Buhari constitutes committee

Frontpage July 29, 2019

4

MDBs launch new platform to coordinate support for economic migration, forced displacement

Frontpage April 22, 2018

5

Nigerian current GDP very encouraging, says budget minister

Frontpage May 24, 2017

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.