Bitcoin Trading is ‘Illegal in Saudi Arabia’ 4121

A standing committee comprised of various governmental ministries and the central bank of Saudi Arabia has warned that trading of ‘unauthorized’ cryptocurrencies like bitcoin is illegal in the country.

In a statement published by the Saudi Arabian Monetary Authority (SAMA) – the sovereign Arab state’s deface central bank – on Sunday, a governmental committee declared it was against trading of cryptocurrencies. The reasons, it claimed, were due to “their negative consequences and high risk on traders” since they are beyond the purview of governmental supervision.

Formed by a supreme decree, the standing committee was devised as a watchdog to specifically look into ‘unauthorized securities activities in the foreign exchange market’. It includes Saudi Arabia’s Capital Market Authority (CMA), the Interior, Media, Commerce & Investment ministries as well as the SAMA. Pointedly, the supreme decree has tasked the committee to inform relevant authorities by reporting any trading or investments in forex and cryptocurrency trading as well as reducing their marketing activities to keep them from investors.

The committee assured that virtual currency including, for example but not limited to, the Bitcoins are illegal in the kingdom and no parties or individuals are licensed for such practices.

Without indicating any penalties or fines for cryptocurrency trading, the committee insisted on warning “all citizens and residents” against what is deemed an ‘illegal’ activity.

At the time of publishing, BitOasis – the Middle East and North Africa (MENA)’s first bitcoin exchange – continues to list Saudi Arabia among its supported countries following its initial launch nearly two years ago. The exchange operator notably suspended fiat withdrawals citing an ‘issue’ with its banking partner in May. The exchange has changed tact ever since and has today announced the resumption of international fiat withdrawals.

A representative for BitOasis did not return a request for comment at press time.

Curiously, the SAMA is working on its own custom cryptocurrency for blockchain-powered cross-border transactions with the UAE’s central bank. Saudi Arabia’s central bank is also using Ripple’s blockchain software xCurrent – which doesn’t use XRP – to plug regional banks on RippleNet, an enterprise blockchain network for instant payments.

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DigitMiner – Guide to Make Money with Cryptocurrency Bitcoin Mining 10506

Established in 2019, DigitMiner rapidly rose to prominence in the dynamic world of cryptocurrency bitcoin mining from its base in USA. DigitMiner’s mission has always been to maximize hashrate by employing cutting-edge AI technology, making DigitMiner a pioneer in efficiency, innovation, and sustainability in the Bitcoin mining space. DigitMiner’s unwavering commitment to these principles has not only fueled their growth, but also solidified their reputation as a pioneer in the cryptocurrency mining industry.

DigitMiner has always been at the forefront of providing cryptocurrency bitcoin mining solutions. Now, serving over 2,600K+ global customers, it has ramped up its efforts to democratize the mining industry. DigitMiner has introduced a series of affordable cryptocurrency bitcoin mining packages that eliminate the need for substantial upfront investments and technical expertise, making it easy for anyone interested in cryptocurrency mining.

New users are welcomed with an immediate $10 upon signup and enjoy automated daily payouts. DigitMiner’s offering spans a variety of crypto contracts and includes a robust affiliate program with 5% lifetime rewards. What’s more, all these services come with 24/7 online support and high-end security features, including DDoS and SSL protection systems, ensuring a secure mining environment.

With diverse investment options, DigitMiner has designed profit packages to suit every type of investor, ranging from the Basic mining package priced at $10 to the more premium Mining package for $6,400. These packages offer fixed returns and have specific validities, ensuring investors can capitalize on the rising popularity of various cryptocurrencies.

Cryptocurrency Packages

A major feature that distinguishes DigitMiner from other platforms is mining packages and profits. They make it easier for any user to indulge in the lucrative world of cryptocurrency mining by offering state-of-the-art blockchain technology and a user-friendly interface. The most prominent part of DigitMiner is to provide daily payout profit and users can withdraw quickly. Some of the most important packages include:

  1. Basic Mining: This contract is valid for 1 day and priced at $10. Its fixed return is $10.8
  2. Bitcoin Mining: This contract is valid for 3 days and priced at $100. Its fixed return is $100+$3.9
  3. Litecoin Mining: This contract is valid for 7 days and priced at $500. Its fixed return is $500+$56
  4. Dogecoin Mining: This contract is valid for 15 days and is priced at $1,200. Its fixed return is $1,200+$324
  5. Dashcoin Mining: This contract is valid for 30 days and is priced at $3,000. Its fixed return is $3,000+$1,710
  6. BitcoinCash Mining Mining: This contract is valid for 60 days and is priced at $6,400. It has a fixed return of $6,400+$7,680

“Mining cryptocurrencies shouldn’t be a luxury; it should be a possibility for everyone. We at DigitMiner are consistently pushing boundaries to make this a reality. Our affordable cryptocurrency bitcoin packages are a testament to our mission to democratize cryptocurrency mining, giving everyone a chance to join the crypto revolution without worrying about hefty upfront costs or technical complexities,” – Keith Robert, manager of DigitMiner.

DigitMiner’s secure, easy-to-use platform also allows users to withdraw their earnings effortlessly, making the cryptocurrency bitcoin mining journey seamless from start to finish. “Our commitment to security and convenience extends to our user-friendly interface, which even novice miners can navigate with ease,” says Keith Robert.

Furthermore, DigitMiner’s unique referral system allows users to invite friends and earn up to 5% commission on each successful referral purchase. This feature boosts users earnings and helps expand the community of DigitMiner users.

About DigitMiner

DigitMiner is a licensed cryptocurrency bitcoin mining company headquartered in Wyoming, United States. Launched in 2019, it owns professional Bitcoin mining rigs across industrial facilities in Kazakhstan, Iceland, Mongolia and Myanmar. DigitMiner stands out in the cryptocurrency bitcoin mining industry, serving over 2,600K+ individuals from all around the globe, providing an avenue for earning cryptocurrency.

Recover Scammed Crypto by Contacting the Best Crypto Scam Recovery Expert (2024) 11905

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Have you fallen victim to a cryptocurrency scam? Unfortunately, these malicious acts are becoming increasingly common, leaving individuals frustrated and financially drained. But don’t lose hope!

Report Scammed Bitcoin (RSB) understands the devastating impact crypto scams can have, and we’re here to help you fight back. Introducing reportscammedbitcoin.com, the leading crypto recovery experts for 2024.

RSB specializes in assisting individuals who have lost their hard-earned cryptocurrency to scams, hacks, and other fraudulent activities. The team of highly skilled and experienced professionals at RSB is dedicated to recovering your stolen assets and bringing the perpetrators to justice.

Understanding Crypto Scams

Cryptocurrency, while innovative and potentially lucrative, has also become a breeding ground for various scams due to its decentralized and pseudonymous nature. Understanding these scams and their red flags is crucial for investors to protect themselves from financial loss. Here are some common types of crypto scams and red flags to watch out for:

Phishing Scams:

Phishing scams involve fraudulent attempts to obtain sensitive information, such as login credentials or private keys, by impersonating legitimate entities through fake websites, emails, or social media messages.

Ponzi Schemes:

Ponzi schemes promise high returns on investment by using funds from new investors to pay returns to earlier investors, rather than generating profits through legitimate business activities.

Exit Scams:

Exit scams occur when cryptocurrency projects or platforms suddenly disappear or shut down, taking investors’ funds with them. These scams often involve promising products or services that never materialize.

Rug Pulls:

Rug pulls occur in decentralized finance (DeFi) platforms when developers or insiders drain liquidity from a project by selling off their tokens, causing the value to plummet and leaving investors with worthless assets.

Fake ICOs/IEOs:

Fake Initial Coin Offerings (ICOs) or Initial Exchange Offerings (IEOs) involve fraudulent projects that raise funds by selling tokens to investors with the promise of future utility or profits, only to disappear once the fundraising is complete.

Unsolicited Investment Opportunities:

Unsolicited investment opportunities via social media, cold calls, or messaging platforms may involve fraudulent schemes aiming to manipulate investors into purchasing worthless or nonexistent assets.

Which is the Best Crypto Recovery Expert?

The best choice for you will depend on several factors, including:

  • The specific type of scam you were targeted by: Different recovery experts specialize in different areas, such as exchange hacks, phishing attacks, or investment scams.
  • The amount of money you lost: The fees charged by recovery experts can vary depending on the size of your claim.
  • Your risk tolerance: Some recovery services offer guarantees, while others operate on a “no win, no fee” basis.
  • Your level of technical expertise: Some services require more technical involvement from you than others.

Here are some things to keep in mind when choosing a crypto recovery expert:

  • Beware of companies that make unrealistic promises or guarantees. Recovering stolen crypto is often difficult, and there is no guarantee of success.
  • Do your research and read reviews before hiring any company. There are many scams targeting victims of crypto scams, so be careful who you trust.
  • Get everything in writing before you start working with any company. This includes the fees, the services that will be provided, and the expected timeline for recovery.

Helping You Navigate Your Crypto Funds Recovery Options: Introducing Report Scammed Bitcoin (RSB)

Introducing the best crypto recovery expert 2024 in the industry: Report Scammed Bitcoin (RSB). With a team of seasoned professionals and a proven track record of success, Report Scammed Bitcoin (RSB) Solutions stands out as the best crypto recovery expert you can trust.

RSB’s best crypto recovery expert team has the expertise and experience to assist you in reclaiming lost or stolen cryptocurrency assets. The best crypto recovery expert team takes a personalized approach to each case, ensuring that you receive the individualized attention and support you deserve.

Contact the best crypto recovery expert today and let them help you recover your valuable assets. Trust RSB for the best crypto recovery expert assistance you need.

How Report Scammed Bitcoin (RSB) Supports You

Understanding Your Situation: RSB will start by listening attentively to your experience, dissecting the scam tactics employed, and assessing the nature of your losses.

  • Exploring Recovery Options: Based on your unique circumstances, RSB will introduce various recovery avenues, including free and paid options, clearly outlining their advantages, limitations, and potential risks.
  • Empowering Your Choice: RSB empowers you to make informed decisions. Our recommendations are unbiased and not influenced by partnerships or affiliate agreements. Your best interests are at the heart of everything they do.

More Than Just Consultations:

While consultations, blockchain analysis, fund tracking and chargeback are their core service, RSB also offers the following to enhance your recovery journey:
Supporting individuals in recovering their scammed bitcoin involves a multi-step process aimed at gathering information, conducting thorough investigations, and suggesting viable solutions. Here’s how RSB can assist you in recovering your scammed crypto:

  • File a Complaint:

Begin by filing a detailed complaint outlining the specifics of the transactions and providing any relevant details about the website or platform involved. The more information you can provide, the better equipped RSB will be to assist you.

  • Initiate Investigations:

Once RSB receives your complaint and gathers the necessary information, their team will commence thorough investigations. These investigations are designed to map out the flow of transactions and identify any potential leads or points of contact associated with the scam.

  • Analyze and Recommend Strategies:

Drawing upon the team’s expertise and experience, RSB will analyze the findings of their investigations and recommend a range of strategies tailored to your specific situation. These strategies may include legal avenues, negotiation tactics, or technological solutions aimed at recovering your scammed bitcoin.

  • Provide Multi Solutions:

The qualified team of experts at RSB will present you with a variety of cutting-edge solutions designed to increase the likelihood of recovering your lost funds. These solutions may involve engaging with relevant authorities, leveraging blockchain analysis tools, or pursuing alternative dispute resolution methods.

  • Offer Ongoing Support:

Throughout the recovery process, RSB will provide you with ongoing support and guidance to keep you informed of the progress made and address any questions or concerns you may have. Their goal is to ensure transparency and accountability every step of the way.

Conclusion

In conclusion, when it comes to recovering lost or stolen cryptocurrency assets, choosing the right expert is crucial. With Report Scammed Bitcoin (RSB), you can rest assured that you’re partnering with the best crypto recovery expert in the industry.

Their dedicated team, proven track record, and personalized approach set us apart, making RSB the top choice for individuals seeking assistance with crypto recovery. Don’t let cryptocurrency fraud disrupt your financial security.

Contact Report Scammed Bitcoin (RSB) today and experience the peace of mind that comes with working with the best crypto recovery expert in 2024.

Microvisionchain announce MVC-20: The first protocol for free-minting assets on the bitcoin sidechain 11281

The future of assets protocol:

Fair launch, simplicity, efficiency, and low transaction fees

As we journey through 2023, the blockchain industry is buzzing with excitement, particularly the BRC-20 token market, led by the innovative Ordinals protocol. Moving forward, in 2024, the surge in market demand has ignited a quest for more efficient blockchain functionality, lower gas fees, and simplified operations. The market is also yearning for a fair competition environment for all participants.

Enter MVC-20, a revolutionary assets protocol that fully harnesses the high concurrency and low latency transaction characteristics of the MVC Layer1 smart contract. It’s designed to build an innovative fair distribution mechanism that addresses the fairness issues plaguing traditional models. MVC-20 is poised to bring about a seismic shift in the Bitcoin ecology token and NFT markets.

Introducing MVC-20: The First Protocol for Free-Minting Assets on the Bitcoin Sidechain

MVC-20 is a trailblazer, being the first free-Mint assets Protocol on the MVC Chain. It adopts a unique “burn to mint” mechanism, ensuring a fair start for everyone – no pre-sales, no whitelists, no team allocation, and no gas fee front-running transactions. The cost of minting MVC-20 tokens is burned, converting the value of the burned ‘Space’ [MVC network’s gas] into the intrinsic value of the MVC-20 token, without flowing into the project party or miners’ wallets.

Introducing the Burn to Mint Mechanism:

MVC-20 stands out from BRC-20 asset protocols with its innovative Burn to Mint concept. This allows the deployer to decide the burn rate of the MVC-20 token at deployment. Subsequently, all users who mint the MVC-20 token must burn a specified amount of SPACE [MVC network’s gas] to carry out the minting. The burn rate can be set between 0 and 10 quantity of SPACE.

Key Features of MVC-20:

  1. Layer 1
  2. Fair distribution [Fair Launch]
  3. High concurrency and low latency transactions
  4. Burn to mint
  5. Customizable: Burn rate 0-10 Space
  6. Permissionless
  7. Multi-functional Launchpad
  8. Compatible with various existing ecosystems and wallets, such as Show3, Orders.Exchange, MVCswap, Metalet and Indexer

MVC-20 Official Launch Day:

Starting from January 22, 2024 [UTC 15:00PM], user can begin to explore the innovative burn to mint mechanism of MVC-20 protocol. Get ready to experience the future of blockchain with MVC-20.

For more details, please visit:
https://mvc20.space/
https://mvc20.gitbook.io/intro

Microvisionchain: Introducing the Ultimate Solution to Bitcoin’s Scalability Challenge!

Microvisionchain presents a novel concept of Unified Scaling Ecosystems for Bitcoin, aiming to resolve Bitcoin’s scalability issue definitively. This plan doesn’t merely offer a same structure to Bitcoin but enhances Bitcoin’s capabilities by:

1. Superior Scaling:
Introducing a scaling solution that outperforms traditional ETH layer2 solutions. Imagine a Bitcoin ecosystem that’s ever-expanding, equipped with a Turing complete smart contract layer, and offering ultra-low fees without congestion.

2. User-Friendly:
Keeping it simple. A single private key can be used across all related second layers/sidechains, making the transition of ecosystem applications seamless and straightforward.

3. Unified Ecosystem:
Unifying countless second layers/sidechains with BTC at the core to collectively tackle BTC’s scalability issues. This will enable global user participation in Bitcoin ecosystem applications.

Implementation Steps:

Step 1: 1 MVC

The MVC node is expected to upgrade in March or April 2024, enabling the BTC ecosystem to transition seamlessly to MVC. MVC has already solved its scalability issue, with a measured TPS of up to 10,000 and transaction fees lower than 0.1 cent. MVC is the first Bitcoin-structure side-chain to implement a layer 1 smart contract on the UTXO structure, enhancing user experience and application capabilities.

Step 2: 100 MVCs

Developers can run a replicated MVC network within half an hour and adjust parameters as needed, provided the core UTXO structure and underlying capabilities remain unchanged for future compatibility with MVC and BTC.

Step 3: Use of Bitcoin

The creation of a global Unified Scaling Ecosystem for Bitcoin will permanently solve BTC’s scalability issue. Having 100 MVCs equates to having 100 large UTXO networks fully conforming to Bitcoin. Subsequent updates will support these 100 MVCs and various third-party Bitcoin-structure second layers/sidechains/ecosystems to form a globally expanding Bitcoin ecosystem expansion network.

Supporting ecosystems:

  • Mapping Satoshi Asset Bridge
  • UTXO chain block time synchronization system
  • Wallets that support multiple chains, and more.

We’re confident that, through MVC’s POB mechanism with builder grant program, we can attract global developers to revolutionize the whole blockchain industry and permanently resolve BTC’s scalability issue together.

Benefits of the MVC Unified Scaling Ecosystem plan:

Microvisionchain is a simple and elegant scalability solution that will permanently solve Bitcoin’s scalability issue and enable Bitcoin assets to possess smart contract capability. It is a superior scaling solution than many ETH second layers, uniting future second layers to collectively address Bitcoin’s scalability in a global network.

Bitcoin Price at 2011 Levels Returns as Bitcoin BSC Launch Provides Chance to Earn Free Bitcoin Clone Tokens 10913

Back in 2011, the Bitcoin price was $1, but today, following the launch of the Bitcoin BSC coin crypto presale on the BNB Smart Chain, buyers can acquire the token at a similarly low price and earn free Bitcoin clone tokens too.

Bitcoin, the world’s leading cryptocurrency, is struggling right now after bulls were trapped as enthusiasm at the prospect of the SEC spot bitcoin ETFs getting speedy approval receded. The price retraced below the $26k level, but it has been a different story for Bitcoin clone derivative coins.

During the past three months, for example, the Bitcoin Cash (BCH) fork from Bitcoin is up 73%, while Bitcoin has fallen -2.3% in the same time period.

Meanwhile, a similar staking-based bitcoin derivative coin to Bitcoin BSC, BTC20, which launched a month ago, is up 52%.

In fact, BTC20 hit an all-time (ATH) intraday high of $6, equating to a 688% 7x gain on its $1 presale and listing price.

Yet another bitcoin clone derivative, this time BTC2.0, rose to an ATH of $1.06 to register a return of 538x, although the price has retraced markedly from its peak.

Earn free Bitcoin clone tokens with stake-to-earn Bitcoin BSC coin

Bitcoin BSC aims to match, or beat, the success of all of these Bitcoin clone coins, and to achieve that end it has a not-so-secret weapon – staking.

While the performance of BTC2.0, not to be confused with BTC20, since its heights has been somewhat underwhelming, there has been more of a steady-as-she-goes approach by the likes of BTC20.

That’s probably largely down to the ballast effect of staking, which bears down on any selling pressure that may emerge at listing.

In this way, Bitcoin BSC seeks to emulate BTC20 by adopting a similar design and strategy, providing the price with a stable platform for takeoff.

Like BTC20, Bitcoin BSC has staking utility built into its design from the outset.

However, it should be noted that there is one important difference between Bitcoin BSC and BTC20 – Bitcoin BSC is a BEP-20 BNB Smart Chain-compliant token, and BTC20 is an ERC-20 Ethereum-compliant token – hence the BSC in the name.

Staking has been popular in the crypto DeFi space, but enthusiasm waned in the aftermath of high-profile implosions of staking ecosystems such as Terra Luna.

However, the attractiveness of transparent staking that has a clearly defined source of yield, unlike the opaque algorithms in use on Terra Luna, has not gone away.

With $BTCBSC, which runs on the BNB Smart Chain, the yield is paid out over a 120-year period, in line with Bitcoin block confirmations. Altogether, 69% of the total token supply is allocated to distribute as rewards.

Staking provides token holders with a way of earning token rewards in proportion to how many coins of the total pool they deposit into a staking smart contract and the time they choose to stake for.

It is this staking feature that will deliver price support while offering both positive capital returns and income yield to network participants.

Bitcoin BSC staking is operative now, even before the coin lists on the decentralized exchange PancakeSwap.

You can keep an eye on how many token holders are staking by visiting the real-time Bitcoin BSC staking dashboard.

You can snap up Bitcoin BSC at the low Bitcoin 2011 price of $0.99

$BTCBSC can be bought today for $ 0.99 – the same price the Bitcoin was at back in its 2011 early days, and a far cry from the $25,7000 it will cost you to purchase Bitcoin at today’s prices.

Bitcoin BSC’s comparatively low price means contributors to the presale could be sitting on substantial upside potential when the Bitcoin halving bull run takes off.

The four-yearly event that sees block rewards halved on the original Bitcoin network has previously ushered in mind-melting bull runs.

This halving is expected to have the effect of lifting all boats – especially the prices of quality Bitcoin clone derivative coins such as $BTCBSC.

Bitcoin BSC has the same total token supply as Bitcoin – 21 million. Of that total supply, 29% is up for grabs through the presale of 6,125,000 tokens, meaning BTCBSC has an initial market cap of $6,063,750.

Two percent of the supply is reserved for DEX liquidity provision to guarantee smooth trading at launch and beyond.

The remaining 14,455,000 BTCBSC tokens (69% of supply) is reserved for staking rewards, which are paid out every 10 minutes as new blocks are added to the chain.

At that token emission rate, the maximum supply will be reached in about 120 years – the same time frame as Bitcoin.

Presale and post-presale investors can buy and stake tokens at any time with a 7-day lock on withdrawals.

Bear in mind that because BTCBSC runs on the BNB Smart Chain, to buy and stake in the presale, you will need to use BNB for your purchase. However, those buying with ETH today can start staking after the presale ends.

Faster, cheaper, more powerful and expandable than other Bitcoin clones

Still, staking is not the only advantage BTCBSC has over Bitcoin and the larger-cap clone coins such as Bitcoin Cash, and Bitcoin SV.

For one thing, $BTCBSC uses a proof-of-stake protocol, which means it runs on a much more scalable blockchain that is also cheaper and more efficient to transact on.

Because BTCBSC is built on the BNB Smart Chain, transaction fees are less than $0.10, compared to around $10 on Bitcoin and approximately $20 on Ethereum, depending on network conditions.

Another advantage BTCBSC has is its fast transaction speeds, which are typically less than 5 seconds compared to 10 minutes for Bitcoin, BCH, and BSV.

BNB Smart Chain is capable of running applications, too, so there’s no limit to future development possibilities for Bitcoin BSC.

Bitcoin BSC has a lot going for it, and with only $3,960,000 being raised in the presale, demand is sure to be robust.

Crypto market prices are generally becalmed, but there are waters where the current is much healthier. In the Bitcoin derivative clone sector, there’s all to play for as far as bagging out 10x gains goes.

Get in early, and the rewards will not just accrue to long-term stakers earning a generous APY, but also to those who want the chance to access life-changing returns.

Will Bitcoin continue to fall? 7913

Bitcoin

It’s no secret that the cryptocurrency market is quite volatile. Almost any piece of global news can affect the price of digital assets in one way or another. Take billionaire Elon Musk, for example, who was able to influence the price of Dogecoin simply by tweeting. However, this does not always happen because of a particular case and with a particular coin. In 2020, for example, the world went into lockdown for the first time in a long time. Countries’ borders were closed and the logistics of many goods began to be disrupted. People had to stay at home, fearing for their health. The Covid-19 pandemic was to blame. You would think that a virus could have an impact on digital assets. As it turns out, it was able to reach cryptocurrency as well. Because of problems in the economy, cryptocurrency has begun to lose value.

This did not last long, and a year later Bitcoin set a new historical high. The price of the first cryptocurrency was above $63,000. Those enthusiasts, who during the chaos and lockdown did not stop believing that cryptocurrency was the future and continued to invest in digital gold, were able to make good money in just one year. Bitcoin began to be prophesied to reach $100,000 in the near future. There were many explanations from analysts and financial experts that Bitcoin could do this. Today, however, the picture for the crypto industry does not look so rosy.

Since the beginning of 2022, the first cryptocurrency began to lose heavily in price, for various reasons. Today, we can observe that Bitcoin is in prolonged drawdown, just like all other digital assets. Some call it a “crypto-winter”. This has already happened to the crypto market more than once. But why is the fall so noticeable?

Experts attribute the prolonged decline in quotations to the fact that the Federal Reserve System is tightening policy in the US, which raises rates to contain inflation in the country.

As cryptocurrency is a risky asset, investors and traders are trying to get rid of it or keep it to a minimum.

Also, the recent news that one of the world’s largest cryptocurrency exchanges, FTX, has filed for bankruptcy has not had a positive impact on the value of digital assets either. The first cryptocurrency still remains in a kind of sideways position. At the time of writing, it stands at $16,993, according to CoinGecko.

What if Bitcoin keeps falling?

If the cryptocurrency drawdown continues, nothing good can come of it. As analysts say, this will entail quite serious and large changes in the global crypto market. A similar scenario was discussed this summer, in the online edition of CNews. The publication’s experts believe that continued drawdown will mean that many tokens that are not widely known will simply disappear, until there are only the top and in-demand coins that are able to survive in today’s realities.

Of course it is too early to talk about it now, things may change tomorrow if there is any positive news. But we can only wait and see what happens.

And to start trading cryptocurrencies today, you can use the RevenueBot cryptocurrency bot service.

CME Group Announces Launch of Euro-denominated Bitcoin and Ether Futures 8339

CME Group, the world’s leading derivatives marketplace, today launched Bitcoin Euro and Ether Euro futures.

“The launch of these new futures contracts builds on the strong growth and deep liquidity we have seen in our existing U.S. dollar-denominated Bitcoin and Ether futures contracts,” said Tim McCourt, Global Head of Equity and FX Products, CME Group. “Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap.”

Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. These new contracts will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day reference rates of the euro-denominated price of bitcoin and ether.

These new futures contracts will be listed on and subject to the rules of CME.

For more information on this product, please visit https://www.cmegroup.com/cryptocurrencies#explore-our-cryptocurrency-products.

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.