The post Bitcoin’s Journey from $1,000 to $10,000: The Stories That Got Us Here appeared first on Bitcoin Magazine.
Month: December 2017
Joy Behar and ‘The View’ Audience Cheer Flynn’s Guilty Plea: ‘Lock Him Up’
Friday on ABC’s “The View,” co-host Joy Behar and the live audience applauded the news former National Security Adviser Michale Flynn was charged and pleaded guilty to lying to the FBI. The audience cheered as Behar said. “Yay. He goes to jail! He goes to jail! He goes to jail! Lock him up!” Co-host Meghan McCain said, “Take this moment, Joy, take this moment. I give this to you.” Behar continued, “On election night, I had to wear a veil, I was in mourning. So this is like the antithesis of that hideous night, and that is why I am happy.” She added, “It should lead to resignation. I remember Richard Nixon, and Richard Nixon stepped down, and so should Donald Trump.” Behar declared, “It’s a happy day, come on. If he is going to be taken down for what he did and this country can start to heal, and parties can work together like Meghan wants it to, then that is a happy day.” Follow Pam Key on Twitter @pamkeyNEN
Rep. Lou Barletta: ‘Everyone’s Family Is Put at Risk’ by Sanctuary Cities
Rep. Lou Barletta (R-PA) released a statement on Friday, arguing that sanctuary cities are to blame for the untimely death of Kate Steinle.
Pamela Anderson Sparks Outrage after Telling Weinstein Victims: ‘You Know What You’re Getting Into’
Pamela Anderson sparked a firestorm of criticism Friday after telling Megyn Kelly in an interview that alleged victims of Harvey Weintein’s sexual assault could have done more to avoid being victimized.
James Comey Appears to Mock Trump After Flynn Plea
As news of former National Security Advisor Micheal Flynn’s guilty plea broke Friday morning, ousted FBI director James Comey appeared to mock the Trump administration on Twitter.
Regulators Greenlight Bitcoin Futures
Bitcoin futures contracts to be offered by CME Group Inc. and Cboe Futures Exchange to mainstream investors.
CME Group, the world’s largest futures exchange, has announced that it has self-certified the initial listing of its Bitcoin futures contract. CME first announced its intentions to launch a Bitcoin futures product on October 31, 2017.
The new contract will be available for trading on the CME Globex electronic trading platform effective on Sunday, December 17, 2017, for a trade date of December 18.
At the same time, the Commodity Futures Trading Commission (CFTC) also announced that Cboe Futures Exchange (CFE) has self-certified new contracts for Bitcoin futures products, and that the Cantor Exchange (Cantor) has self-certified a new contract for Bitcoin binary options.
“Bitcoin, a virtual currency, is a commodity unlike any the Commission has dealt with in the past,” said CFTC Chairman J. Christopher Giancarlo in a press release. “As a result, we have had extensive discussions with the exchanges regarding the proposed contracts, and CME, CFE and Cantor have agreed to significant enhancements to protect customers and maintain orderly markets.”
The exchanges assured the CFTC that the new products complied with the rules under a process of self-certification. While CFTC approval isn’t required, the regulatory body could have halted the CME’s plans if it wasn’t satisfied with the self-certification.
The press release stated: “Commission staff held rigorous discussions with CME over the course of six weeks, CFE over the course of four months, and had numerous calls with Cantor. CME, CFE and Cantor agreed to significant enhancements to contract design and settlement, and CME to margining, at the request of Commission staff.”
Cboe said they are “operational ready.” Both Cboe and the Cantor Exchange plan to announce a start date soon.
These new derivatives open the doors for institutional investors, as well as introducing the possibility of more cryptocurrencies becoming available in the future. After a record high on Wednesday for bitcoin price of $11,377, there was a 20 percent drop from profit takers down to $9,021; it has since fluctuated several times and is now selling at around $10,500.
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Celebrities Celebrate Michael Flynn Plea: ‘It’s Beginning to Look a Lot Like Christmas’
Celebrities rushed to social media Friday to celebrate news that the Robert Mueller-led Special Counsel investigating President Donald Trump’s campaign announced a plea hearing for former National Security Adviser Lt. Gen. Mike Flynn, who has reported…
Xi Jinping to World Communist Summit: ‘Turn Planet Earth into a Harmonious Family’
Chinese leader Xi Jinping welcomed representatives of hundreds of the world’s political parties at a Beijing summit Friday in which he called for China’s Communist Party (CPC), the world’s largest political party, to lead a “community of common destin…