TMCnet - World's Largest Communications and Technology Community



Bitcoin Continues Record Breaking Streak
[December 05, 2017]

Bitcoin Continues Record Breaking Streak

NEW YORK, December 5, 2017 /PRNewswire/ --

The price of bitcoin hit another all-time high on Sunday as investors' enthusiasm in cryptocurrency continued. According to Coindesk, bitcoin, the world's most popular cryptocurrency hit a high of $11,831 during Sunday's trading session. In addition, investors expect that the launch of bitcoin derivatives products could be a significant step for the cryptocurrency market. On Monday, The Chicago Board Options Exchange (CBOE) announced that it planned to begin offering bitcoin futures trading on December 10. Earlier on Friday, CME Group Inc. also announced that its planned bitcoin futures contracts will begin trading on December 18. The Crypto Company (OTC: CRCW), Xunlei Ltd (NASDAQ: XNET), International Business Machines Corp. (NYSE: IBM), CME Group Inc (NASDAQ: CME), Microsoft Corporation (NASDAQ: MSFT)

The total market value of the cryptocurrency market reached 340 billion, while bitcoin accounted for nearly 55 percent of the overall market. Ed Tilly, CBOE's chairman and CEO of Cboe Global Markets, said in a statement: "Given the unprecedented interest in bitcoin, it's vital we provide clients the trading tools to help them express their views and hedge their exposure. We are committed to encouraging fairness and liquidity in the bitcoin market. To promote this, we will initially offer XBT futures trading for free."

The Crypto Company (OTC: CRCW) announced yesterday that, "It has launched the first phase of its planned trading operations and platforms for digital currencies. Beginning this week, the Crypto Company's first group of traders will actively trade the most liquid cryptocurrencies using in-house capital. The Company's full plans call for the build-out of a full-scale trading floor with high capacity for experienced crypto traders. The company is in the process of spearheading the development of high frequency trading (HFT) and program trading software platforms specifically for the cryptocurrency markets. These future phases are under development and require complex technology due to regulatory and security concerns unique to the crypto markets."

"The launch of our trading operations and the development of their underlying technology further support The Crypto Company's value proposition as a proxy and medium for diversified exposure to the growing asset class of cryptocurrencies and blockchain technologies," said Mike Poutre, Chairman and Chief Executive Officer of The Crypto Company. "The successful rollout of institutional trading floors and platforms across the cryptocurrency landscape will help the industry mature and inspire responsible rules and regulations."

"The cryptocurrency markets are gaining greater liquidity every day and we believe that The Crypto Company is uniquely positioned to develop the platforms and establish the protocols required for how traders function in the 24/7/365 world of cryptocurrencies and blockchain. We look forward to rolling out additional phases of our proprietary technologies and trading operations as they are completed. We expect that the trading operations will be a positive contributor to achieving our goal of profitability in 2018," concluded Mr. Poutre.

Xunlei Ltd (NASDAQ: XNET) provided an update recently according to which it currently has 28.77% equity interest in Shenzhen Xunlei Big Data Information Services Company Ltd. ("Big Data") and has no management control over Big Data. In response to certain public statements made by Big Data recently, the board of directors of the Company ("Board") issued an open letter and firmly supported the Company's endeavor to utilize its many years of technical know-how in the field of distributed computing to explore commercial applications with the help of blockchain technology.

International Business Machines Corp. (NYSE: IBM) recently announced that it has partnered with blockchain startup Stellar to create a platform that could be the first ever public cryptocurrency foray. According to the IBM's official blog post from October 21st it has successfully run transactions via lumens, Stellar's custom cryptocurrency. At the moment, the platform is limited to cross-border payments with British pounds and Fijian dollars. However, it is aimed to expand exponentially and soon include as many as seven fiat currencies of the South Pacific, which includes the New Zealand and the Australian dollar. "When trading between multiple currencies, it helps to have a bridge currency to reduce the ledgers needed to maintain. Lumen provides that single ledger that can bridge currencies," says Jed McCaleb, the founder of Stellar.

CME Group Inc (NASDAQ: CME) announced recently that it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods. The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin.  Bitcoin futures will be listed on and subject to the rules of CME. "Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "As the world's largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities."

Microsoft Corporation (NASDAQ: MSFT) on an official blog post from November 20th reported that a growing number of customers and partners are experimenting with the technology as a secure and transparent way to digitally track ownership of assets, and are partnering with Microsoft to build a new class of distributed applications on Azure. "As financial institutions and fintechs move their blockchain projects from innovation labs to lines of business, they require a seamless integration between their preferred ledger stack and infrastructure, and a robust set of platform components and tooling to develop, manage, and optimize blockchain applications. To meet these growing needs, Microsoft is expanding its strategic partnership with R3 to more deeply integrate R3's distributed ledger platform, Corda and R3Net, with Azure," Microsoft wrote in the blog.

Subscribe Now! Watch us report from NYSE

Follow us on Twitter for real time Financial News Updates:

Follow and talk to us on Instagram:

Facebook Like Us to receive live feeds:

About, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, creates 100% unique original content. also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content),, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. has not been compensated directly by any of the companies mentioned here in this editorial. receives fees for producing and presenting high quality and sophisticated content on along with other financial news PR media services. does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, has been compensated five thousand dollars for financial news dissemination and pr services by a non-affiliate third party for the crypto company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. will always disclose any compensation in securities or cash payments for financial news dissemination and PR advertising. does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security., members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit:

For further information:
Media Contact: ,


[ Back To's Homepage ]

Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy