Last trade date for Bitcoin futures in May approaches

According to the bitcoin futures calendars provided by CME Group May contracts for the token end trading on May 25
21 May 2018   1835

CME Group has announced the settlement date for bitcoin futures contracts of May 2018 - May 31. With the May contracts having started trading on February 26, the trading will cease on May 25. As for May 31 that will be the date when the final price for the contract is going to be determined. The product code on the platform for the reference is BTCK18.

At the moment of publication, the parameters for bitcoin futures are as follows:

Last trade price 8510
Price change +285
Total number of traded contracts 985

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of 4 Designated Contract Markets: CME, CBOT, NYMEX and COMEX.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   162

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.


People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.