Cboe has published the bitcoin derivative contract

But they don’t know how futures prices will influence to bitcoin market prices
22 November 2017   1290

The Chicago Board Options Exchange (Cboe) published the bitcoin derivative contract for investors. The base ticker will be called “XBT” and settlement values of the contract will be in XBTS. This products will have multiple contracts with several expiry cycles and also four serial expirations. As well, Cboe will be offering expanded trading hours for this bitcoin futures. Everything will be cash-settled based on the Gemini auction price for bitcoin in U.S. dollars.

The contract multiplier will be 1 so if a contract is trading at parity with bitcoin it will be worth about $7,900 based on current pricing — The minimum tick for a directional, non-spread trade is 10 points or $10, and a spread trade will have a much smaller tick of 0.01 bitcoin or $0.01. 


Russell Rhoads, Cboe’s CFA

They are going to launch its bitcoin futures products in Q4. Cboe are going to create futures contracts jointly with Gemini Trust Company, LLC. Also Cboe is going to join the other firms to create a bitcoin futures environment (for example LedgerX and CME Group).

Cboe exchanges over $2B in annual contract volumes of the trading, and offers products for 2,200 companies, 140 ETFs, and 22  indices of the stock. May be Cboe should could offer crypto-derivatives options before its first competitor CME.

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   148

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.