Market Update 8.31.18 – CBOE Launching Ethereum Futures Soon
Market News
CBOE Launching Ethereum Futures Soon
The owner of the CBOE (Chicago Board Options Exchange), CBOE Global Markets, which is also one of biggest exchange holding companies in the world, is planning to launch its Ethereum futures contracts later this year. According to sources in the know, CBOE Global Markets will base its Ethereum futures on the underlying market run by the New York based cryptocurrency exchange, Gemini.
Sources stated that CBEO is only waiting for the CFTC (Commodities Futures Trading Commission) to give its approval, after which these new futures will be launched.
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Apple Tells Coinbase to Remove Collectible
iPhone users now will no longer be able to get in on the crypto collectible mania any more. Apple has removed the forthcoming video game, War Riders, from Coinbase’s Wallet iOS app. This game was being features on the Wallet but was abruptly withdrawn.
War Riders is a game with a post-apocalyptic setting where players drive around a wasteland and build up armies of vehicles. These vehicles are the collectibles and are actually represented by non-fungible cryptocurrency tokens (NFTs) that are powered by a blockchain.
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NPA Introducing Software to Track Crypto Transactions
Japan’s NPA (National Police Academy) is set to introduce new software which will be able to track the transaction history of cryptocurrencies. This is in response to the increased use of cryptocurrencies in illicit activities. According to local media, the NPA will put this new software in place in 2019, which will then allow the police to track the transaction history of all cryptocurrencies in Japan.
To be able to cover the cost of this new software, the NPA is looking at increasing its budget for 2019 to 35 million Yen (~$315,000).
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Total Market Cap: August 31
Volumes in the crypto market’s trading went up from yesterday to $13.18 billion. The market’s valuation of the market, however, remained almost the same at $225.80 billion.
Bitcoin Price Analysis: August 31
Bitcoin’s price inched downwards by 0.26% to $6973.20. The valuation of Bitcoin also slipped slightly from yesterday to its current $120.31 billion. The crypto’s trade volume is at $4.61billion.
Ethereum Price Analysis: August 31
Ethereum’s price is currently at $281.62, a 0.83% drop since yesterday. The altcoin’s valuation is now $28.60 billion and trade volumes are at $1.53 billion.
State of the Top 10 Cryptocurrencies: August 31
After prices going up in late trading yesterday, the cryptocurrency market once again is seeing slight declines. In the top ten list of cryptocurrencies, IOTA and Tether are the only assets to show gains in trading so far today. IOTA’s price has gone up by 2.68%, while Tether inched up by 0.34%.
- Bitcoin moved downwards by 0.26% to a price of $6973.20. The asset’s valuation in the market is currently $120.31 billion.
- Ethereum moved downwards by 0.83% to a price of $281.62. The asset’s valuation in the market is currently $28.61 billion.
- Ripple moved downwards by 2.34% to a price of $0.333763. The asset’s valuation in the market is currently $13.23 billion.
- Bitcoin Cash moved downwards by 1.94% to a price of $538.98. The asset’s valuation in the market is currently $9.33 billion.
- EOS moved downwards by 0.80% to a price of $6.03. The asset’s valuation in the market is currently $5.46 billion.
- Stellar moved downwards by 2.37% to a price of $0.219977. The asset’s valuation in the market is currently $4.12 billion.
- Litecoin moved downwards by 1.29% to a price of $60.43. The asset’s valuation in the market is currently $3.50 billion.
- Tether moved upwards by 0.34% to a price of $1. The asset’s valuation in the market is currently $2.79 billion.
- Cardano moved downwards by 4.34% to a price of $0.100205. The asset’s valuation in the market is currently $2.59 billion.
- IOTA moved upwards by 2.68% to a price of $0.719135. The asset’s valuation in the market is currently $1.99 billion.