- CME Group to Launch Options on Bitcoin Futures in Q1 2020 ;
- Upbit Exchange Delists Privacy Coins Due to Money Laundering Concerns ;
- Crypto and the Latency Arms Race: Crypto Exchanges and the HFT Crowd ;
- Price Analysis 20/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA ;
- Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec ;
- 📑 Daily Crypto Calendar, September, 21st💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 CME Group to Launch Options on Bitcoin Futures in Q1 2020
The Chicago Mercantile Exchange (CME) Group is adding options to its Bitcoin (BTC) futures contracts in the first quarter of 2020, pending regulatory review.
The development was announced in a news release on Sept. 20.
“Flexibility to hedge Bitcoin price risk”
Tim McCourt — CME Group Global Head of Equity Index and Alternative Investment Products — said:
"Based on increasing client demand and robust growth in our Bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk."
🗞 Upbit Exchange Delists Privacy Coins Due to Money Laundering Concerns
South Korean cryptocurrency exchange Upbit announced that it will cease trading support for six cryptocurrencies, including some so-called privacy coins.
Block the possibility of money laundering
In a Sept. 20 notice, UpBit announced that the exchange will delist and cease trading support for Monero (XMR), DASH, ZCash (ZEC), Haven (XHV), BitTube (TUBE) and PIVX by Sept. 30.
The exchange added that it will no longer support deposits in these cryptocurrencies and will cancel orders requested before the end of the transaction support in Korean won, Bitcoin (BTC), Ether (ETH) and USDT markets.
🗞 Crypto and the Latency Arms Race: Crypto Exchanges and the HFT Crowd
Carrying on from an earlier post about the evolution of high frequency trading (HFT), how it can harm markets and how crypto exchanges are responding, here we focus on the potential longer-term impact on the crypto ecosystem.
First, though, we need to focus on the state of HFT in a broader context.
Conventional markets are adopting anti-latency arbitrage mechanisms
In conventional markets, latency arbitrage has increased toxicity on lit venues and pushed trading volumes over-the-counter or into dark pools. In Europe, dark liquidity has increased in spite of efforts by regulators to clamp down on it. In some markets, regulation has actually contributed to this. Per the SEC:
“Using the Nasdaq market as a proxy, [Regulation] NMS did not seem to succeed in its mission to increase the display of limit orders in the marketplace. We have seen an increase in dark liquidity, smaller trade sizes, similar trading volumes, and a larger number of “small” venues.”
🗞 Price Analysis 20/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA
Though Bitcoin’s (BTC) price action has largely been lackluster in the past few days, it could change with the launch of Bakkt. Fundstrat Global Advisors co-founder Tom Lee is positive on “Bakkt and its ability to improve trust with institutions to crypto.” The crypto markets have been waiting for institutional interest to fuel the next leg of the up-move and Bakkt is an important step in that direction.
To maintain its advantage, the Chicago Mercantile Exchange (CME) Group plans to introduce options on Bitcoin futures in the first quarter of 2020, if it gets the necessary regulatory approvals. Tim McCourt — CME Group Global Head of Equity Index and Alternative Investment Products — said that the group plans to add new products to meet the increasing client demand as the feature will provide them “additional flexibility to trade and hedge their bitcoin price risk."
XRP/USD
The sharp rally in XRP stalled just below $0.34229 on Sept. 18. The subsequent pullback is finding support close to $0.27795, which is a positive sign. If the price again rises from this support, it might act as a floor. Therefore, traders can buy closer to $0.27795 and keep a stop loss of $0.240.
BCH/USD
The failure of the bulls to push Bitcoin Cash (BCH) to $360 is a negative sign. It shows a lack of demand at higher levels. We now expect the bears to sink the price back to the neckline of the head-and-shoulders pattern. A breakdown of the neckline will complete the bearish setup, which will be a huge negative.
🗞 Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec
Banking giant Wells Fargo says its blockchain for internal cross-border money transfers is faster and more efficient than SWIFT, the global messaging system used by over 11,000 financial institutions.
Unveiled this week, Wells Fargo Digital Cash uses R3’s Corda Enterprise software to handle internal book transfers, when funds move from a payer’s account to a payee’s account at the same bank.
“When we move money across the world and we need to exchange currencies, we have to go through third parties such as SWIFT and other banks,” said Lisa Frazier, head of the Innovation Group at Wells Fargo. “That’s a long process and every time there’s a connection with external parties, it takes time and energy and effort.”
📑 Daily Crypto Calendar, September, 21st💰
- General Event (CRYPTO), Fantom (FTM), Quant (QNT), Zilliqa (ZIL)
All about bringing people together who are passionate about Bitcoin and Blockchain Technology - Connect, network, share ideas and discuss...
- Chiliz (CHZ)
"... We will reveal the next sports team that will join @socios platform and launch its fan token with @chiliz next week."
- Cardano (ADA)
"On September 21, one of our Cardano ambassadors meetup organizers, Marin Kramaric will be holding a local Cardano community Meetup..."
- General Event (CRYPTO)
Join us for the 6th Global FinWise, 2nd Edition in Macao, where DeFi is the main theme over the course of the 2 day discussion.
- Horizen (ZEN)
Join the Horizen's meetup in Kyiv, Ukraine with our wonderful host and friend Knygarium on September 21, 7PM local time,.
- Syscoin (SYS)
Syscoin co-founder and BlockFoundry CEO provides overview of Syscoin Platform via video conference at Athens meetup at 4 PM.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yersterday :
Here is the current chart :
Exactly like the BTC, we are in the middle of 1 resistance line and one support line and we are waiting the direction from the master. We failed to break the resistance line some hours ago and we need some volume back to try to break it again or to go test the support line around 0.154$.
Last Updates
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