BitFlyer released prepaid Visa cards

Now customers of the largest Japanese cryptoexchange will be able to prepaid Visa card with Bitcoins
08 October 2017   2996

The largest Japanese crypto exchange bitFlyer has provided users with the opportunity to use prepaid Visa cards. This is reported by Bitcoin.com.

A new option appeared thanks to the cooperation with the Vandle Card. Users will be able to replenish the card with bitcoins on the bitFlyer website or through third-party cryptowallets. Also, according to the representatives of the exchange, the first 1000 users of the new service will receive gifts. The opportunity to order a card appeared on October 6.

Holders of prepaid cards from bitFlyer will be able to pay for goods and services at any outlet that accepts Visa cards. Also, representatives of bitFlyer noted that the company will not charge fees for the issue and maintenance of the card. You can top-up the balance on the website of bitFlyer or via the mobile application. The currency of the card is displayed in Japanese yen.

As for the limits, within a month, 30,000 yen (about $ 267) can be added to the card, for the entire period of use - 1 million yen ($ 8879). In this case, the balance should not exceed 100 thousand yen. The card is valid for five years.

BTC Futures Didn't Collapse Market in 2017, - CME

According to the managing director of CME Group, they "didn’t have that wherewithal, that ability to drive that impact"
14 November 2019   147

Tim McCourt, managing director of CME Group, has denied the widespread theory that the alleged launch of regulated bitcoin futures caused a market crash after the 2017 rally.

A lot of times, people ask us, ‘Did futures cause the price to decline from $20,000 to $3,000?’ And the answer is ‘no,’.
 

Tim McCourt

Global head of equity index and alternative investment products, CME Group

He recalled that at first the turnover of bitcoin futures on CME was 1,100 contracts, which is equivalent to 5300-5500 BTC or about $ 100 million at prices at the end of 2017.

There is no way over that period of time, given the size of the Bitcoin market, in terms of spot trading or the ability to mine Bitcoin, that futures could cause that impact. These things are governed by the law of supply and demand. We just didn’t have that wherewithal, that ability to drive that impact.
 

Tim McCourt

Global head of equity index and alternative investment products, CME Group

Chicago Mercantile Exchange (CME) Bitcoin Futures was launched on December 18, 2017. A day earlier, the price of bitcoin reached a historic high in the region of $ 20,000, but soon plummeted.

Despite the sharp change of mood and the bear market, the volume of bitcoin futures trading on CME grew - by May of this year, the average daily turnover reached 13,600 contracts, corresponding to 68,000 BTC or $ 515 million at the exchange rate at that time.

We certainly play a role in the price discovery because people can freely express their demand to buy and sell at CME and transact with one another, but I wouldn’t necessarily say we are impacting price.
 

Tim McCourt

Global head of equity index and alternative investment products, CME Group

Among other things, a CME representative said that he is an ardent supporter of Bitcoin ETF and hopes to see such products on the market soon.

ETF providers and asset managers are our customers at CME. They use our futures products to create other ETFs, to hedge structure projects, and we’re certainly trying to enable them to do the same type of strategy on Bitcoin. We want to make sure they have the risk-management tools they need to be successful in managing their risk. We’re working with them to make sure they have what they need for trying to introduce products such as an ETF.
 

Tim McCourt

Global head of equity index and alternative investment products, CME Grou

Recently, Christopher Giancarlo, the former head of the Commodity Exchange Commodity Trading Commission (CFTC), said recently that the launch of the CME Bitcoin Futures was a targeted action by the Donald Trump administration to eliminate the bubble in the cryptocurrency market.