The addition of ether futures to the “time-tested, regulated CME Group derivatives marketplace” will help Ethereum investors better manage price risk, said Tim McCourt, the CME Group’s global head of equity index and alternative investment products.
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Markets Report: Bitcoin Price Erases $500 Dip to Challenge $12K Twice in One Day
Weekend action sets the scene for a turbulent start to the week, as BTC/USD puts in its highest weekly close since just after its all-time highs of $20,000
Bitcoin is keeping the market guessing this Monday—$12,000 came and went in sudden spurts of volatility which show no signs of stopping. According to data from price trackers including CoinMarketCap, Bitcoin showed signs of breakout through the weekend, this finally coming true in the early hours of Monday as BTC/USD hit highs of $12,070.
- With coronavirus cases skyrocketing and reopening in retreat, another February/March plunge is plausible (Photo: Roger Brendhagen/Scopio)
MARKETS REPORT: Bitcoin eyes $9,000 as trader warns institutions are short, fear growing
Coronavirus is back in the spotlight as growing hospital admissions in the U.S. fuel a stocks rout that triggered losses for Bitcoin on Tuesday.
Having reached local highs of $9,330 on Monday, BTC/USD lost momentum overnight, in step with a dip on Wall Street with Tuesday seeing further losses. Bitcoin thus continues its correlation with macro markets.
- The 10,000 BTC Laszlo Hanyecz paid 10 years ago for a pair of Papa John's pies on Bitcoin Pizza Day may be worth $91 million now, but he did make his daughter happy (Photo: Bitcointalk).
Bitcoin Pizza Day: 10 years on, $91M pies
A booming bitcoin and the adoption of blockchain technology by multinational corporations, leading financial institutions, and even governments shows how far Satoshi Nakamoto’s dream has come
It’s Friday, May 22, 2020, and two pizza pies cost $45.90 at Stromboli's, across from my apartment in New York City. But 10 years ago, in Florida, two pies from Papa John’s cost Laszlo Hanyecz about $41—or 10,000 bitcoins, which is how he paid. And how Bitcoin Pizza Day was born.