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Tokyo Financial Exchange To Unveil Bitcoin Futures Next Year

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Bitcoin Futures are coming to Japan after one of the country’s largest exchanges announced plans for the same. Tokyo Financial Exchange is in the process of creating a working group that will lay the foundation for bitcoin futures next year.

Bitcoin Futures Legislation

For the listing of cryptocurrencies in Japan, a number of changes in the nation’s securities laws will have to come into play. For starters, the country’s Financial Instruments and Exchange Act will have to recognize cryptocurrencies as financial products.

Creation of a working group usually marks the first step towards the drafting of new legislation in such matters.

“To achieve that, we will launch this working group to study various aspects, including bitcoin’s present status, its outlook, and what form it will take root in Japan’s society,” said Tokyo Financial Exchange Chief Executive Officer, Shozo Ohta.

The proposed new legislation is not expected to face any major hurdles given Japan’s stance on cryptocurrencies. The country has already shown its receptiveness towards cryptocurrencies by unveiling laws that recognize bitcoin as legal means of exchange. The country’s financial exchanges also account for nearly half of global bitcoin trading volume.

U.S Bitcoin Futures Listing

The U.S is already preparing for Bitcoin future derivatives as early as next week. Cboe Global Markets will launch its futures derivatives over the weekend as it seeks to give hedge funds and institutional investors an opportunity to take advantage of big swings in the sector. CME Group will launch its futures derivatives on the 18th of December with NASDAQ planning its launch in the summer of 2018.

Bitcoin Futures Warnings

Talk of the Futures contract has already had a significant impact on bitcoin price seen by its recent rally from $11,000 to record highs of $16,000 and showing no signs of slowing down. Amidst the hype, Wall Street banks have already started to cry foul about the upcoming bitcoin futures given the rising prices

The Futures Industry Association which represents some of the largest derivatives brokerages has warned against rushing bitcoin futures contracts without weighing the risks. The Association members have reservations about the reliability of prices underlying the upcoming contracts.

“A more thorough and considered process would have allowed for a robust public discussion among clearing member firms, exchanges and clearing houses,” FIA in a statement.

The U.S Federal Reserve has also warned against dabbling in cryptocurrencies as it could pose significant dangers to financial stability. With the consistent increase in price, fears of a bubble burst have also increased.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of ibz_omar via Flickr

Bitcoin

Trusted Crypto Tumbler To Protect Your Wealth

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Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

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5 Best Places to Bet with Bitcoin

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It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

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Bitplaza Inc Introducing Cryptocurrency to Retail

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Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

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