CME CEO: Bitcoin Futures Could Begin Trading As Soon As December

CME Group chairman and CEO Terry Duffy has said that the derivatives exchange operator could list a planned bitcoin futures product as early as next month.

“I think sometime in the second week of December you’ll see our contract out for listing,” he told CNBC today, hinting that trading could begin as early as the second week of December.

The firm made waves in October when it revealed that it was seeking regulatory approval to list its first bitcoin-related product. At the time, CME said that the futures would be tied to its existing price index, launched in 2016, and be settled via cash.

Among Duffy’s notable comments in the interview: insight into how CME would handle major fluctuations in the price. He suggested that CME could move to halt trading in the event of significant swings, and that existing rules would be called upon in the event of a catastrophic price decline.

“Listen, when someone says to me, ‘the price is going to zero, what are you going to do?’ I’m not going to let it go to zero,” he explained, adding:

“I’m going to implement something. If the market drops precipitously, we’ll stop trading, and if we think a product is going away, we have the longs, we have the shorts, we’ll match them up at a price and that’s the way our rules read today.”

Disclosure: CME Group is an investor in Digital Currency Group, CoinDesk’s parent company.

A recording of Duffy’s interview can be found below:

Mastercard Seeks Patent for Instant Blockchain Payments Processing

New patent filings from Mastercard show how the credit card giant is looking at blockchain as a possible means for easing payment settlement times.

In a patent application released last week by the U.S. Patent and Trademark Office, the company describes a blockchain-based database capable of instantaneously processing payments, guaranteeing that merchants don’t need to wait days before receiving funds for their products.

Further, the filings indicate that the tech would help the firm keep an ongoing record of these transactions, verifying that a vendor was actually paid after a particular sale.

The data being stored would include the transaction amount, a guarantee of payment, confirmation of the payment and account profiles for the parties involved. These account profiles will also store each users’s balance information, according to the application.

As the application details:

“There is a need for a technical solution where a payment transaction can be guaranteed in a manner that is readily verifiable by an acquiring financial institution and/or merchant, and where the guarantee can be used in conjunction with multiple types of payment instruments as well as multiple transaction types, including e-commerce transactions.”

Mastercard has repeatedly considered blockchain platforms to ease payments. Last month, the company announced it was opening up access to the blockchain tools it was developing in order to facilitate business-to-business transactions.

An earlier patent application released in September likewise focused on storing payment histories using a blockchain.

La prima banca dedicata ai Bitcoin apre a Vienna

Pochi giorni fa il giornale Austriaco “The Local” ha riportato l’apertura della prima banca dedicata ai Bitcoin nella famosa strada dello shopping Mariahilfer Strasse in centro a Vienna.

In questo sportello i clienti potranno ovviamente cambiare la propria valuta FIAT per Bitcoin, e viceversa, ma anche accedere ad altre informazioni sulla criptovaluta più popolare al mondo.

Lo sportello è di proprietà della startup local Bit Trust e si chiama semplicemente “Bitcoin Bank”.

Magdalena Isbrandt, amministratrice di Bit Trust, ha rilasciato una recente intervista alla TV Austriaca parlando dei vantaggi della valuta digitale rispetto alle valute FIAT. Tra i vantaggi citati dalla Isbrandt vi sono la velocità della transazioni e l’assenza di middlemen che, grazie alle transazioni P2P, permettono il trasferimento di soldi direttamente da persona a persona.

La Bit Trust offre anche assistenza per gli ATM, sistemi di pagamento, Bitcoin voucher e carte prepagate. I fondatori dell’azienda sono due fratelli: Mathias e Oliver Roch che già negli anni ‘90 si erano messi in mostra per diversi brevetti legati a tecnologie nel campo fisico-tecnico.

Il co-fondatore di Bitcoin Austria, Andreas Peterson, ha parlato dei vantaggi del Bitcoin in questo modo:
“Quando pago online con il Bitcoin ho un livello di privacy maggiore. Il venditore non ha il mio numero di carta di credito. Se pago per acquistare beni puramente digitali, come giochi per il computer, mi sento molto più tranquillo in quanto non affido ad altri i miei dati personali”.

Tre anni fa fu la volta della prima installazione di un ATM in Austria, e ad oggi Vienna può contare più di 20 negozi Bitcoin-friendly tra ristoranti, bistrò e bar.

Lo scorso anno un simile sportello fisico, ma non ancora denominato banca, era stato aperto a Mosca da BTC24Pro.com. Lo sportello garantiva lo scambio 24 ore su 24 ma solo in una direzione (FIAT – BTC).

Possiamo attenderci, in tempi brevi, un’iniziativa simile anche in Italia?

Tomorrow comes the new banknote of 50 Euros

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Tomorrow will enter into circulation the new banknote of 50 Euros. After those from 5, 10 and 20 Euros, that 50 is the fourth cut of the second series of euro banknotes, called ‘Europe’. Among the euro banknotes, the 50 and ‘the most widespread and represents 45% of all banknotes in circulation, but it is also the most counterfeited. For this reason, the new bill was “highly advanced safety features” to avoid being counterfeit, he underlines the ECB.
Looking at the note is held up, the window at the top of the hologram reveals transparency, on both sides of the business, the portrait of Europe, the figure of Greek mythology. The portrait also appears in the watermark. On the front of the note there ‘then the “emerald green number”, the brilliant figure that changes color when passing move from emerald green to dark blue and has the effect of a light that moves vertically.

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