CME releases relevant Bitcoin futures details

Now the CME Bitcoin futures launch may be delayed
01 December 2017   758

Chicago Mercantile Exchange Group Inc stated on their website that effective Q4 2017, and pending all relevant regulatory review periods, please be advised that Bitcoin futures will be launched. The relevant bit being about relevant regulatory review periods.

Right when all the rage about Bitcoin futures is taking place around the world, even NASDAQ has jumped on the bandwagon yesterday, promising their own futures to release in 2018, CME updated their site with new bit of info many will find disappointing. As of today, the page about upcoming CME Bitcoin futures received a red-highlighted note of launch being postponed pending regulatory review.

Miners and BTC traders all over the world wait for the CME to join the market. Founded more than a century ago, Chicago Merc right now is the largest futures exchange company. Their entrance in the BTC trading would have a severe impact on the system, providing the alternative to current trading platforms.

The delay is caused by the Commodity Futures Trading Commission (CFTC) demanding changes to some aspects of contracts as quoted from the CFTC spokesperson's, Ms Erica Elliott Richardson, interview. The concerns about bitcoin futures expressed by some market participants has played a large role in the ongoing closer examination, she revealed. Also, as said, the CFTC staff will be holding the stress testing and risk-monitoring activities once the contracts are launched.

All this information strongly contributes to the skeptics' doubt, that the launch will take place this year. Right now no further information about possible launch date is released by either CME themselves or other market participants.

First real-life cryptocurrency robbery reported in Taiwan

Four men stole 5 million Taiwanese dollar worth of Bitcoin, the police has already arrested the suspects
22 February 2018   53

Bitcoin has attracted lots of unwanted attention from hackers and scammers alike. Recently not a week passes without news of an exchange or user being hacked or some company's computers being hijacked to mine cryptocurrency. And now Taiwanese news outlets report first real-life robbery of Bitcoin in their country.

The robbery took place in Taichung, Taiwan's central city. The police reports three men being involved in the robbery itself and one as a planner. Criminals persuaded the victim to meet with them face-to-face under the guise of being interested in buying Bitcoin from him. After the victim showed the robbers the proof of his bitcoins on his phone, the men attacked him and his friend and transferred 18 bitcoins worth 5 million Taiwanese dollar via the phone wallet.

The suspects then forced the unfortunate seller to drink strong local liquor to make everything look like a drunken fight had taken place. The police arrived at the scene after receiving the reports of a fight and found two victims. Two of the offenders had fled, but the third has been arrested at the scene of the crime. He later provided investigation with information about his accomplices. They were arrested soon after.

The police later apprehended the man believed to be the mastermind behind the plan. All this was released in the yesterday's report by the Taiwanese law enforcement and the case is already viewed as “the first domestic case of bitcoin robbery”. The report doesn't mention if the crypto was returned to the rightful owner.

Similar cases has been rumored to happen in the US, but no records are released as of yet. So the unofficial governmental advice is to be more cautious of the buyers requesting face to face meetings in the light of this event.