CBOE Bitcoin Futures Trade Near $18,000; ‘Speculative Mania’ Carries Volume Past 3,400 XBT

CBOE’s bitcoin futures continue to trade near $18,000 as “speculative mania” prevented bears from immediately shorting the market. CBOE Bitcoin Futures Launch: Afternoon Update As CCN reported, CBOE launched its hotly-anticipated bitcoin futures contracts on Sunday, becoming the first regulated U.S. exchange to provide traders and investors with access to this product. Though volume was much lower than activity on bitcoin exchanges — in part due to the fact that many brokers restricted client access — a CBOE executive noted that its volume was quite respectable when placed in the…

Bitcoin Price Headed for $100,000, Says Trader Who Called Q4 Rally

A Hong Kong trader who successfully forecast the bitcoin price’s dramatic year-end ascent believes that the flagship cryptocurrency’s rally is far from over. Dave Chapman, managing director of cryptocurrency trading firm Octagon Strategy, told CNBC’s “Squawk Box” that many analysts scoffed at him when he predicted the bitcoin price would more than double in the fourth quarter and reach $10,000 before the end of the year. “I was quoted back in August when bitcoin was trading at around $4,000 that we would have a five figure headline by the end…

SEC Halts Multimillion-Dollar ‘Munchee’ ICO for Securities Violations

A California-based company has refunded tokens sold in a $15 million initial coin offering following an investigation by the U.S. Securities and Exchange Commission (SEC). The SEC announced today that Munchee Inc. had provided refunds to investors after officials made contact and drew issue with its token sale, which the agency said constituted the offer and sale of unregistered securities. The development represents the latest high-profile move by the agency to regulate initial coin offerings, coming roughly a week after the SEC filed a fraud suit against the organizer of the…

Pantera Invests $3 Million in Sharing Economy Token Origin

It can be said the sharing economy brought the internet into the real world, helping it move real items rather than just information. On today’s web, though, if you want to rent out your camera or desk, you need a specific site for each one (think Airbnb, 99 Designs or DogVacay), and each site takes a hefty cut from every sale. The founders at Origin, however, envision a world where entrepreneurs would build specific interfaces for each business area, all of which would share one giant pool of customers to…

Bitcoin Price, Crypto Markets Trade Up After Cboe Futures Launch

The bitcoin price climbed nearly 20 percent in the hours following the launch of the bitcoin futures on U.S. derivatives exchange Cboe. The positive movement rippled throughout the markets, enabling the combined value of all cryptocurrencies to post a 13 percent increase. Source: CoinMarketCap Already on an incline, the cryptocurrency market cap had entered the day at $390.7 billion. It continued to rise throughout the day and eventually leveled out at $442.8 billion, placing the cryptocurrency ecosystem within striking distance of surpassing the total valuation of multinational holding company Berkshire…