BTC and ZCL to co-fork into BTCA

Anonymous Bitcoin will be a fusion of Bitcoin and ZClassic with a fork scheduled on September 9
31 May 2018   2825

As forks become a trend in the crypto space, one has to wonder which ones are legitimate and which - fraudulent. The project Anonymous Bitcoin aims to succeed where previous forks have failed. The new forked coin will be the result of a co-fork of Bitcoin and ZClassic. Anonymous Bitcoin token will have a ticker of BTCA.

Jake Greenbaum, Ran NeuNer and Sam Abbassi

BTCA testnet will be launched on August 10. Roughly a month prior to the mainnet launch will give the exchanges time to test the wallets and infrastructure. The snapshot is scheduled for September 9 with the mainnet to be launched within 48 hours after the snapshot is taken.

Main features of BTCA are going to be as follows:

  • anonymity via zkSNARK technology;
  • increased transactions speed via increased block sizes;
  • coin staking via masternodes

More details about the event and the project's team composition can be found here.

CME Group Won't Launch BTC Deliverable Futures

Since the launch of bitcoin futures, CME has attracted more than 3,300 individual investors, processed 7000 contracts for 35k BTC totally
02 October 2019   155

Confirming its intention to launch options on bitcoin, the Chicago Mercantile Exchange (CME Group) noted that it would not follow the path of a competitor in the form of the Bakkt platform and would refuse to trade in deliverable futures. The director of alternative investment products CME Group Tim McCourt said this in an interview with Markets Media.

Since we launched bitcoin futures in December 2017, the number one demand from customers has been for options on our futures.
 

Tim McCourt

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

CME Group conducts calculations on bitcoin futures in fiat, and the company will follow the same approach with respect to options. As McCourt noted, guided by the needs of customers when developing new products, the company does not plan to launch supply contracts for bitcoin.

Since the launch of bitcoin futures, CME has attracted more than 3,300 individual investors. This year, on average, the company processed about 7 thousand contracts for a total of 35,000 BTC.

The institutional interest in bitcoin is growing but they need time to become familiar with the market and get approval to use new products.
 

Tim McCourt

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

Also, according to McCourt, new options can use existing technology, an application matching engine and clearing mechanisms. Currently, the exchange is conducting standard instrument testing procedures.