Bitcoin Futures Contracts Risky, Says Hong Kong Securities and Futures Commission

Announcements, News, Regulation | December 12, 2017 By:

The Hong Kong Securities and Futures Commission (SFC) has warned investors of the risks associated with bitcoin futures contracts and other cryptocurrency-related investment products.

The SFC noted that futures and commodities exchanges in the US have launched or will soon launch bitcoin futures contracts which Hong Kong investors may be able to trade through an intermediary.

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Blockchain Security Firm BitGo Raises 42.5 Million in Series B Funding

Blockchain, Investing, News | December 12, 2017 By:

Blockchain security company BitGo has raised $42.5 million in a Series B funding round, led by Valor Equity Partners. The round also saw the participation of Chicago-based trading firm DRW, David Sacks and Bill Lee.

The company said the funds will be used to expand its business outside the US to help more companies dive into the nascent digital coin market.

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Cryptocurrency Governing Body Created By Venezuelan President For ‘El Petro’ Coin

Announcements, News | December 12, 2017 By:

Venezuelan President Nicolas Maduro has announced the creation of an executive body that will govern the transactions with the country’s oil-backed ‘El Petro’ cryptocurrency.

According to reports, El Petro will be backed by Venezuelan reserves of gold, oil, gas, and diamonds. The cryptocurrency will help combat the US’ “blockade” against the country.

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