BITCOIN DIARY: It's the Wolves of Wall Street against the Ferrets of Geekdom
'The wolves of Wall Street are unlikely to leave a juicy carcass like this to the ravages of the ferrets of geekdom'
First the swings and the roundabouts. Bitcoin has heaved itself through a few new ceilings and now hovers somewhere around the R270 000 mark in local trading: The dramatic rise in value appears to have been triggered by Bitcoin's move onto the futures trading market. But wait, what about those other coins in the chart? Also surging spectacularly in recent weeks have been Litecoin an Ethereum, the only other coins traded by this particular provider, ice3x.com. It seems that Bitcoin's rising tide lifts all crypto boats. Which does raise a question: Bitcoin could drag the entire crypto market down with it, should it lose its way. Here's more on the futures listing on the CBOE from the Financial Times: In early trade on the CBOE Futures Exchange, the January bitcoin contract traded as high as $18,850 to the dollar, having opened around $15,000. More than 2,500 contracts had traded hands by 1:44am in Chicago (7:44am GMT), according to CBOE data. Trading was halted twice, first for two mi...
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