CME Group to Offer Options on Bitcoin Futures in Q1 2020

The Chicago Mercantile Exchange (CME) Group plans to add options to its bitcoin futures contracts at the beginning of 2020. In an official announcement made on September 20, 2019, the company, which launched its first futures product in 2017, said that the bitcoin options would provide clients with “additional tools for precision hedging and trading.”  The options are currently being reviewed by regulators, and CME confirmed that once the addition clears, they will be available for purchase. Bitcoin futures contracts allow investors to buy bitcoin at a predetermined price at…

Read More

Video Interview: Francis Pouliot on Liquid Network, Bitcoin Privacy

On the first day of the 2019 Baltic Honeybadger conference, prominent bitcoiner and Bull Bitcoin CEO Francis Pouliot spoke with Bitcoin Magazine just a few hours after Bull Bitcoin announced it would be joining Blockstream’s Liquid sidechain federation.  “The first step for Liquid’s integration is to accept L-BTC payments,” said an exuberant Pouliot within the first two minutes of the interview.  Essentially, every purchase of BTC on the exchange will allow users to opt into transferring L-BTC instead, which can enable lower fees for traders and the opportunity to perform…

Read More

Bitcoin Now Available at Every 7-Eleven Store in the Philippines

Abra, creator of a cryptocurrency investment app, wants to bring bitcoin to retail users across the Philippines.  In a blog post published on September 18, 2019, Abra announced that it would be partnering with ECPay, a payment processing service, to provide cash-to-crypto options at over 6,000 retail outlet locations in the Philippines, including all 7-Eleven convenience stores in the country. The Philippines is an active cryptocurrency community which has been aided by a friendly central bank, the Bangko Sentral ng Pilipinas (BSP), that has granted operational permits to over 13…

Read More

Zap’s Olympus Features Fiat-to-Lightning On-Ramp With Direct Wallet Deposits

Zap wallet will soon let you buy bitcoin in the app and deposit the sats directly into your Lightning wallet after each buy. “If you want, you can buy bitcoin inside of Zap with a bank account, debit card, Zelle, whatever — and it will give you the bitcoins, from purchase to spending on Lightning, in less than five seconds,” Zap founder Jack Mallers told Bitcoin Magazine. Mallers said he and his team have been working on the feature, aptly dubbed Olympus, for about a year. It’s similar in function…

Read More

New Cold Wallet Custody Solution Strives to Eliminate Cryptocurrency Hacks

GK8, a blockchain startup based out of Tel Aviv, Israel, has made some significant strides in its mission to improve cryptocurrency security and convenience solutions. On September 18, 2019, the firm announced completion of what it is calling the world’s first and only secured cold wallet with hot wallet functionalities, which eliminates the need for an internet connection in order to send transactions on a blockchain. “GK8 experts have developed proprietary cryptographic techniques that enable real-time blockchain transactions of digital assets without any need for an internet connection,” according to…

Read More

Financial Group Offers Indirect Exposure to Bitcoin With Investment Fund Yields

An investment and asset management firm has contrived a creative, if circuitous, way to give investors exposure to bitcoin. Wave Financial, a California-based financial services firm focused on digital assets, just announced its Wave BTC Income & Growth Digital Fund. Through what it calls “the first crypto derivatives yield fund on the market,” the company will sell equity in its bitcoin fund in the form of investment tokens to accredited investors. The fund isn’t promising returns in bitcoin, however, nor are investors buying bitcoin directly to hodl or speculate. Instead,…

Read More

New Research Shows How Young Adults Drive the Cryptocurrency Revolution

Are Millennials and Gen Zers (post-millennials) driving the growth in adoption of cryptocurrencies? A growing amount of recent research suggests that the overall increase in society’s acceptance of the technology is exponential and is concentrated among the youngest cohort of the population. If you’ve been to cryptocurrency conventions or meetups, you’ll be aware that this is a young people’s movement. Unlike the blockchain technology movement, which seems to attract a broader range of followers (many of whom work in the corporate sector), the advent of cryptocurrency appears to be a…

Read More

Discovering Bitcoin Part 4: A Wrong Turn (New Plan Needed)!

This is the fourth installment of bitcoiner Giacomo Zucco’s series “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” Read the Introduction to his series, Discovering Bitcoin Part 1: About Time, Discovering Bitcoin Part 2: About People and Discovering Bitcoin Part 3: Introducing Money. In this next installment of the “Discovering Bitcoin” series, we will build on the previously acquired strategies of optimizing “hardness,” “scaleness” and “darkness” to explore concepts of virtualization and decentralization. The Path Toward Virtualization The question “Where?” will bring us to the (quite unhappy)…

Read More

Bitcoin ETF Regulatory Withdrawal Sets Institution On-Ramp Back Once Again

VanEck and SolidX have withdrawn a proposal with the U.S. Securities and Exchange Commission (SEC) for the duo’s latest attempt at a bitcoin exchange-traded fund (ETF). The struggle to create the first bitcoin ETF has been ongoing since at least 2013. Theoretically, a formalized market for a bitcoin ETF would furnish a convenient, institution-friendly investment product for legacy financial players to make moves into bitcoin. There has been a great number of attempts by various asset management firms to get the SEC to approve a market for a bitcoin ETF,…

Read More

BTC.com’s Bitcoin Mining Pool Dominance Threatened by Poolin

This article was originally published by 8btc and written by Lylian Teng. On September 16, 2019, BTC.com, Bitmain’s mining pool, lost its years’-long first place position to another China-based mining pool, Poolin, whose real-time hashrate read 13,378.00 PH/s at one point. BTC.com, supported by the advantages of Bitmain’s bitcoin mining machines, has been the largest bitcoin mining pool for years. In the first half of 2018, the hashrate of mining pools under Bitmain (with BTC.com, AntPool and ViaBTC included) was approaching the dreaded 51 percent threshold needed to stage a…

Read More