Cboe has published the bitcoin derivative contract

But they don’t know how futures prices will influence to bitcoin market prices
22 November 2017   389

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.

BTC Seller Arrested by US Federal Authorities

Morgan Rockcoons is accused of laundering monetary instruments and the operation of an unlicensed money transmitting business
21 February 2018   52

A US resident was arrested by the Bureau for the Control and Enforcement of Immigration and Customs Law on February 9 after he sold the bitcoins to the agent under cover. This is reported by Bitcoin.com.

According to documents in the case filed by the Southern District Court of California, Morgan Rockcoons (also Morgan Rockwell) is accused of laundering money and servicing cash transfer operations without a license. The government intends to confiscate all assets belonging to it, relevant to the case.

Arrest Document
Arrest Document

In the episode of money laundering, the defendant is accused of deliberately transferring a financial transaction to a representative of law enforcement agencies in order to obtain income from certain unlawful activities. In 2016, Rockoons traded 9,998 BTC, at that time valued at $ 9,208, for $ 14,500 in fiat, which was handed to him by an undercover agent, saying that the money was received from the production and sale of TGC oil (tetrahydrocannabinol-containing oil). TGC is the main active ingredient of cannabis.

As for the charge for servicing money transfer operations without a license, it is less specific, since it is subject to the majority of US citizens who sell large amounts of crypto currency, without the appropriate license. In one of the previous cases of this kind, law enforcement authorities stated that any transaction over $ 3,000 must be made in accordance with all requirements for customer identification.