According to a report by Coindesk, Ripple’s XRP could be the new futures market. While the Bitcoin futures contracts were launched with great fanfare last December by two of the world’s largest and most respected exchanges, CME and Cboe, most people aren’t even aware that Ripple’s XRP futures had already been trading for the last 18 months.
BitcoinMagazine reported that both Kyber and Binance recently talked about their efforts towards creating decentralized exchanges. Binance announced the launch of its decentralized exchange called Binance Chain, and Kyber released the beta version of their decentralized exchange called Kyber Network to the public.
Coindesk reported that the Securities and Exchange Commission (SEC) finally confirmed that it is investigating companies that are associated in any way to ICOs (Initial Coin Offerings). The whole issue of ICOs, cryptocurrencies and blockchain tech is now coming to a head.
Cointelegraph has written an in-depth piece on how “The Startup Nation” – Israel – is supporting cryptocurrencies. In 2017 alone, Israeli startups raised more than $5 billion in capital. The country is also at the forefront of technological innovation as it embraces cryptocurrencies and blockchain technology.
About 10 days ago, the news broke that the reason the price of Bitcoin had be spiraling downwards was because of “panic” selling by a Mt. Gox trustee. Multiple news outlets reported that Nobuaki Kobayashi, one of the trustees of the now bankrupt Mt. Gox, sold more than 35,000 Bitcoin (BTC) worth more than $400 million as well as 34,000 Bitcoin Cash (BCH) in order to pay the crypto exchange’s creditors.