CBOE BTC Futures to Expire on March 14

At the moment of press, 4 month contracts for BTC are traded on the exchange
12 March 2018   736

Currently, four monthly contracts for Bitcoin are traded on the exchange. The nearest of them expires on Wednesday. This is reported by Forbes.

According to the data, over the past week the contract was traded in the price range between the minimum of $ 8,380 and the maximum at $ 11710 with a difference of 28.4%.

Such a volatility was facilitated by the announcement of the SEC on mandatory registration of online platforms that deal with the trade in digital currencies.

It is expected that this week, among other factors affecting the value of Bitcoin, there may be added volatility, which is also associated with the expiration of the contract.

Since Bitcoin trades without interruptions, and CBOE working hours are limited, the movement of the value of the cryptocurrency at the weekend is not taken into account by the exchange, which is why some investors may lose their money.

Before the February espiration of futures, many users expected a decrease in the price of Bitcoin, based on the state of the market before the close of trading in January, however, this did not happen.

Survey: Millionaires do not gain Enough Crypto Advice

A survey revealed today by Capgemini shows: only 34.6 percent of high net worth individuals have got cryptocurrency information from their wealth managers
19 June 2018   49

According to Reuters, the information is received from Capgemini’s annual survey, the World Wealth Report. The latest edition demonstreted that additionally to the aforementioned 29 percent, a further 26.9 percent are “on the fence” relatively to  cryptocurrency investment - meaning that well over half of HNWIs are aware of and/or interested in cryptocurrency like Bitcoin.

A Paris-based business consulting corporation, Capgemeni, determines HNWIs as people with at least $1 million accessible to invest, outside of asset holdings such as real estate, automobiles, and art. At the start of 2018, there were a counted 15.2 million such people in the world. This part of society controls more than $70 trillion, and Capgemini expects that figure to rise to $106 trillion by 2025.

Also it was found by the study that 71.1 percent of younger millionaires (age 40 and below) place “high importance” on getting information about cryptocurrency from their wealth management firms, as do 13 percent of those aged 60 and over. In the whole, only 34.6 percent of them claimed that they had learnt cryptocurrency information from their wealth managers. 

This probably points to a trend of wealth managers being a bit behind the times. It also unfolds that a market force which could go some way towards explaining the fact that at least 167 new cryptocurrency hedge funds were instituted last year. During the year of 2017, these funds saw massive growth in profit.