CBOE: Bitcoin ETFs will appear soon

Chris Concannon, president of the Chicago Board Options Exchange expressed confidence that soon there will be Bitcoin-based exchange-traded funds (ETF)
08 November 2017   1125

President of the Chicago Board Options Exchange (CBOE) Chris Concannon in an interview with Bloomberg expressed confidence that soon the financial market will have Bitcoin-based exchange-traded funds (ETF).

In general, as the CBOE head admitted, he believes in the development of the crypto-currency market and considers bitcoin a new class of asset.

With regulated futures of a certain asset class like a bitcoin, you do have an opportunity to introduce ETFs and over time we do envision ETFs coming to market.

Chris Concannon

President, CBOE

This summer, CBOE has entered into a partnership with the Gemini Winklewos Brothers Exchange; by the end of this year the exchange plans to launch a trade in crypto-currency derivatives. Like the CME Group, the Chicago Board Options Exchange is currently awaiting appropriate approval from the financial regulator. 


HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   117

Users of HashFlare mining pool can't withdraw their funds, while their contracts are threatened with a temporary ban. Even lower restrictions on withdrawal of funds in the amount of 0.03 BTC caused problems for users, but the service raised the threshold to 0.05 BTC and 0.1 ETH . This is reported by Cryptovest.

In addition, financial pyramids are often promoted under the guise of mining contracts for cloud mining. For last few months, there was a big jump in mining difficulty of many cryptocurrencies, so, old contacts had become unprofitable.

As reported, the reason for the locked funds dates back further - at the beginning of June, so much hashing power was flowing into the Bitcoin network that contracts saw all the mined coins go toward their maintenance fee.

Currently, more and more users who have purchased contracts at earlier stages are facing the fact that they can not withdraw their funds. One of them managed to return the money spent through the bank card operator after filing a corresponding complaint.

To anybody that purchased a Hashflare cloud mining contract with a credit card, it might be possible to get a refund with that credit card as one of my followers tipped me. He bought his contracts at the end of 2017.

bccponzi at Twitter

The hash rate of bitcoin increased from 13 EHash / s at the beginning of the year to more than 40 EHash / s in recent months. The difficulty of mining in the present conditions depends on the circumstances of the specific miner. The cost of bitcoin mining for some of them is $ 4,400, while others spend about $ 5,800. However, in 2018, cloudy mining is called an even more dubious occupation than before, especially when it comes to mining bitcoin.