CME bitcoin futures launch in December 11 cancelled

CME Group Inc announced that a notice on its website, stating the contract would begin trading on December 11 was posted in error
21 November 2017   1645

Recently, CME said the CME Bitcoin Futures contract would become effective on Dec. 10, a Sunday, for trading on Dec. 11, pending regulatory review.

But a little later the notice was removed from CME’s website and Laurie Bischel, a spokeswoman for the exchange operator, said the original posting “was due to an error with the website,” without giving further details.

Effective Q4 2017, and pending all relevant regulatory review periods, please be advised that CME will launch bitcoin futures.

 

Current CME statement

Each contract will constitute 5 BTC trading on both the CME Globex and CME ClearPort systems and using CME's existing bitcoin price indices. According to the company, spot position limits are set at 1,000 contracts,

For the contracts, CME explained, minimum price fluctuations (or "ticks") are pegged at $5 per bitcoin, representing a total of $25 for each one.

Karpeles to Face Another 10 Years in Jail

Japanese enforcements agencies blamed Mt. Gox CEO in stilling $3M
12 December 2018   94

Japanese prosecutors blamed the head of the already inactive exchange Mt. Gox Mark Carpeles in embezzling 341 million yen ($ 3 million) from a bank account trading platform. The prosecutors made the corresponding statement in the Tokyo District Court, demanding 10 years of imprisonment for Karpeles, reports The Mainichi.

[Mark Karpeles] diverted company funds to such uses as investing in a software development business for personal interest" and "played a great role in totally destroying the confidence of bitcoin users.
 

Japanese prosecutors

It is noted that in September-December 2013, the head of MtGox allegedly transferred funds to personal bank accounts, and then invested in the software development business.

Carpeles is also accused of faking the data of the trading system of the exchange for the fabrication of balance sheets.

The deadline for accepting applications from affected investors as part of the civil rehabilitation of Mt. Gox has been extended until the end of December.