NEW YORK, December 6, 2017 /PRNewswire/ --
Bitcoin price rose slightly on Tuesday as investors eye the upcoming launch of bitcoin future contracts. According to industry website CoinDesk, the price rose 0.28 percent to $11,649.58 during Tuesday's trading session. Institutional interest in the cryptocurrency market continues to increase as more exchanges are coming on to provide bitcoin-related derivatives. According to Bloomberg, Japan's financial exchange, Tokyo Financial Exchange Inc., plans to create a working group for cryptocurrency early next year. Chief Executive Officer Shozo Ohta told reporters on December 1st that, "Once the Financial Instruments and Exchange Act recognizes cryptocurrencies as financial products, we will list the futures as quickly as possible… To achieve that, we will launch this working group to study various aspects, including bitcoin's present status, its outlook, and what form it will take root in Japan's society." Victory Square Technologies Inc. (OTC: VSQTF), MGT Capital Investments, Inc. (OTC: MGTI), Xunlei Limited (NASDAQ: XNET), Cboe Global Markets, Inc. (NASDAQ: CBOE), CME Group Inc. (NASDAQ: CME).
The move by Tokyo Financial Exchange came when two U.S. exchanges announced to begin bitcoin futures trading this month. CME Group Inc, said it will launch bitcoin futures contracts on December 18th, while Cboe Global Markets Inc. announced to offer trading in bitcoin futures on December 10th. Japan is one of the countries that recognized bitcoin as a legal form of payment and accounted for most of the bitcoin trading volume. According to CryptoCompare, Bitcoin treading volume by Japanese yen accounted for about 50 percent of the total trading volume.
Victory Square Technologies Inc. (OTC: VSQTF) is also listed on the TSX Venture Exchange under the ticker symbol 'VST'. Just earlier today the company announced breaking news that its recent admission as a member of the Blockchain Investors Consortium ("BIC"), one of the market-leading organizations pioneering professional investment activities into digital assets globally.
With over $2 billion of digital assets under management amongst its 100 crypto hedge funds and individual investors, the BIC pools its members' experience and expertise in shared due diligence to identify co-investment opportunities in the most promising and disruptive blockchain enabled companies. Members of the BIC have made notable investments such as Ethereum's initial crowdsale, Coinbase, Bancor, EOS, Tether and have several early BTC investors.
"Blockchain is a technology that requires collaboration to thrive, which is why so many companies are electing to work together to enable their mutual success. The open and distributed ledger characteristics of blockchain development, deployment and setting of standards is reflected in the behavior of the most successful investors in this space, like the BIC," said Shafin Diamond Tejani, Chief Executive Officer of Victory Square. "As an early proponent of Blockchain entrepreneurs and companies, the Victory Square team is excited to participate in this exclusive group of successful crypto investors."
The Blockchain Investors Consortium carefully selects the top Blockchain and cryptocurrency companies to present at their events across the globe. Victory Square's inclusion in this elite investment group will grant access to promising early-stage ventures, while also allowing Victory Square to leverage the experience of a network of seasoned and successful cryptocurrency investors. This will further strengthen Victory Square's position as a pioneer in investment in Blockchain enterprises both in Canada and abroad.
"We're extremely excited to have Victory Square join the Blockchain Investment Consortium," said Mike Costache, Founder of BIC. "They have a proven track-record of incubating and investing in successful platforms and will play an important role in performing shared due-diligence to identify the most promising investment opportunities. We continue to align ourselves with key global strategic partners who will enhance our group's ability to identify and deploy capital into promising blockchain ventures."."
MGT Capital Investments, Inc. (OTCQB: MGTI) ranks as one of the largest U.S. based Bitcoin miners. On November 9, 2017, the company reports Third Quarter Statement of Operations. Revenues from Bitcoin mining were $515,000, up 33% sequentially over the second quarter of this year. With no further funding requirements, MGT remains confident in its previous projections from October 16, 2017that with 4,700 rigs in operation by the first quarter 2018, generating over 60 Ph/s of potential hash power, the Company can record over $2.0 million in monthly revenue and $1.1 million of EBITDA. Moreover, the Company expects to materially ramp up the number of rigs it owns and operates during 2018.
Xunlei Limited (NASDAQ: XNET), a leading cloud-based acceleration technology company in China, on November 29th, provided the following clarification on the recent market development. Currently, Xunlei has 28.77% equity interest in Shenzhen Xunlei Big Data Information Services Company Ltd. ("Big Data") and has no management control over Big Data. In response to certain public statements made by Big Data recently, the board of directors of the Company ("Board") issued an open letter and firmly supported the Company's endeavor to utilize its many years of technical know-how in the field of distributed computing to explore commercial applications with the help of blockchain technology. When developing blockchain technology, the Company utilizes such features as openness, transparence and security for their applications. Wankebi is only a symbol of proof for these applications, rather than a subject of speculation.
Cboe Global Markets, Inc. (NASDAQ: CBOE), one of the world's largest exchange holding companies, announced on December 4th, that Cboe Futures Exchange (CFE), plans to offer trading in bitcoin futures beginning at 5:00 p.m. CT on Sunday, December 10, 2017, at the start of Global Trading Hours. Monday, December 11, will be the first full day of trading, and trading will be free1 through December. Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets, said: "Given the unprecedented interest in bitcoin, it's vital we provide clients the trading tools to help them express their views and hedge their exposure. We are committed to encouraging fairness and liquidity in the bitcoin market. To promote this, we will initially offer XBT futures trading for free."
CME Group Inc. (NASDAQ: CME) is the world's leading and most diverse derivatives marketplace. Recently, the company announced that it has self-certified the initial listing of its Bitcoin futures contract to launch Monday, December 18, 2017. The new contract will be listed on and subject to the rules of CME. It will be available for trading on the CME Globex electronic trading platform, and for submission for clearing via CME ClearPort, effective on Sunday, December 17, 2017 for a trade date of December 18. CME Group's Bitcoin futures will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin.
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated three thousand dollars for financial news dissemination and pr services by a non-affiliate third party for victory square technologies inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news dissemination and PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.
For further information:
Media Contact:
info@financialbuzz.com
+1-877-601-1879
URL: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com
