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Craig Wright’s nChain Startup receives three Bitcoin Cash-Related Patents.

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Blockchain startup nChain, related with a man (Craig Wright) who once broadcasted himself to be Bitcoin’s (BTC) maker, has been allowed three Bitcoin Cash (BCH)- related patents by the European Patent Office (EPO), as per an official explanation July 11.

The three new patents identify with the improvement of new strategies for computerized rights assurance utilizing blockchain innovation and indicate Bitcoin Cash’s blockchain as the standard innovation on which exchanges are illustrated. The primary patent recorded in nChain’s declaration is entitled “A technique and framework for confirming responsibility for advanced resource utilizing a dispersed hash table and a shared circulated record,” while the second two patents are both entitled “A strategy and framework for checking responsibility for computerized resource utilizing a disseminated hash table and a distributed conveyed record.”

NChain’s Chief Scientist Craig Wright – who is famous for broadcasting himself to be the mysterious designer of Bitcoin, Satoshi Nakamoto, in 2016 – anticipated that 2018 would be “the year” for Bitcoin, which he conflates with Bitcoin Cash.

The previous fall, Wright, an Australian entrepreneur and PC researcher, apparently conceded that he in actuality was not the maker of the best cryptocurrency.

In February 2018, Craig Wright was sued for $5 billion – to make up for professedly stolen Bitcoin – by the bequest of David Kleiman. Kleiman was a PC researcher and digital security master, whom numerous suspect to have been one of the engineers behind Bitcoin’s invention.

#Exchange

German’s Giant Derivatives Exchange to launch BTC, ETH and XRP futures.

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Eurex, a Germany based derivatives exchange is all set to launch cryptocurrency futures contracts tied to Bitcoin, Ethereum and XRP.

Eurex, a Germany based derivatives exchange is all set to launch cryptocurrency futures contracts tied to Bitcoin, Ethereum and XRP.

Eurex’s parent organization, Deutsche Börse, has allegedly been wanting to present crypto futures since December of 2017 when Bitcoin price was close to its record-breaking high of $20,000.

Addressing German news outlet Wirtschaftswoche, a Deutsche Börse representative stated,

 

“We are thinking about futures, with which private investors and institutional investors can protect existing investments in Bitcoin or set for falling prices of the cyber currency.”

 

Eurex crypto futures is one piece of Deutsche Börse’s endeavors to extend its blockchain-based applications. In Spring of 2018, the exchange declared cooperation with HQLAx, a fintech organization that has some expertise in providing liquidity solution for institutional customers. The organizations are building up a securities loan offering dependent on R3’s business blockchain product, Corda.

Deutsche Börse says the activity is gaining noteworthy ground with six banks affirming they’ll join the stage at dispatch date, which is planned for the starting months of the current year itself.

Eurex was established in 1998. It is the seventh-biggest derivatives exchange around the world, as per information by Statista, and the fifth-biggest exchange by a number of single stock futures contracts exchanged in 2017, as per information by the World Federation of Exchanges.

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#Bakkt

Bakkt: How will it affect Bitcoin Price? BTC to the moon?

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If there is approval on Bakkt by the US CFTC, then the Bitcoin futures trading system could contribute to a strong Bitcoin turnaround.

If there is approval on Bakkt by the US Commodity Futures Trading Commission (CFTC), then the Bitcoin futures trading system could contribute to a strong Bitcoin turnaround.

The previous post on bakkt clearly describes that the venture’s founder, Intercontinental Exchange (ICE), is no doubt the world’s most successful financial exchange operator. Which is also led by the visionary entrepreneur Jeffrey Sprecher, ICE also owns The New York Stock Exchange and leading futures exchanges in many major categories of the asset.

This extraordinary track record seems to appeal to institutional investors, whose regulations require investing through government-regulated channels. The lack of approval of US regulatory helps to explain why many institutions have sat on the crypto sidelines. Bakkt has also appealed to some big financial institutions.

JP Morgan has recently announced the launch of its own centralized cryptocurrency. And that may not prevent JP Morgan from using Bakkt to trade Bitcoin for its own account, or for clients.

Bakkt is designed to both facilitate trading and strengthening Bitcoin’s fundamentals. According to Bakkt,  partnerships with tech giant Microsoft and retailer Starbucks will help in the development of the next generation.

 

Bakkt Launch

The shutdown of government and the absence of CFTC regulatory approval have postponed the launch of Bakkt.

According to Sprecher’s statement during ICE’s report, the ventures are said to be launched later this year.

Bakkt has also claimed that the delay in the decision has allowed it to build a powerful base for institutions that are interested in its services. It has also raised $182 million for the venture and has also invested a considerable amount in the project, estimating its annual costs for Bakkt at over $20 million.

It seems quite possible that Bakkt could receive the approval from the US government for its venture this year. If it happened so, then the investors could experience a new level of confidence in the future of Bitcoin and in the market of cryptocurrency.

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Alert: CME Bitcoin Futures Experiencing Record Breaking Volumes

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These days saw the highest and rapid increase ever for Bitcoin futures on the Chicago Mercantile Exchange as the amount exceeded 18,000. Institutional investors are paying attention to this as the bitcoin future contracts get snapped up at an ever-increasing rate.

 

Record of BTC Contract Size on CME:

As per the stats of CME they were 18,338 on Wednesday, which is the highest figure ever recorded till now. This is equivalent to 91,690 Bitcoins or roughly $365 million at today’s prices.

cme-futures-trading-volume

Upcoming contracts enable explorers to bet on the prices rather than to purchase the physical assets. So these figures might be a little misleading.

 

When the new product which offers the physically settled contracts hit the market, they will be paying out in BTC which will drive tremendous momentum for crypto markets. Over the past year or so the expectation of a crypto Exchange Traded Fund (ETF) being launched has been telecasted and dominated the news. The year 2018, has been the year of regulation and cooling off which was only to be expected after the previous year of rampant FOMO and parabolic market action.

 

This year 2019, is expected to be different as many industry experts predict the launch of at least one institutional investment vehicle.

 

As per the Block European exchange giant, Eurex is preparing to launch crypto and bitcoin futures so the list of institutional offerings is increasing rapidly. The cognate exchange is operated by Germany’s Deutsche Börse, which will be offering Bitcoin, Ethereum and XRP imminently according to the report.

 

Exchange traded funds are the future:

In addition to these future products, there is already one type of Exchange Traded Funds that are actually traded through an ETN (exchange-traded note) which allows investors to get direct exposure to Bitcoin prices. The Grayscale Bitcoin Trust (GBTC) crosses the technicalities of buying and storing Bitcoin but still allows investors to get into the action by buying shares that trade at around a thousandth of the price of BTC.

 

GBTC has been highly popular with over $800 million which is already invested in the Bitcoin fund.

 

Furthermore, Bitcoin is the most popular. The fund eliminates the volatility of buying and owning Bitcoin directly which is something that institutions want.

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