Like other blockchains, Ethereum has a native cryptocurrency called Ether (ETH). ETH is digital money. If you’ve heard of Bitcoin, ETH has many of the same features. It is purely digital, and can be sent to anyone anywhere in the world instantly. The supply of ETH isn’t controlled by any government or company – it is decentralized, and it is scarce. People all over the world use ETH to make payments, as a store of value, or as collateral. The latest news about Ethereum mostly concerns the move to Serenity the last post-development phase of Ethereum as well as changing Ether mining’s concept from Proof-of-Work to Proof-of-Stake in order to reduce the power cost of the process.
Bitcoin is the first peer-to-peer digital currency, also known as cryptocurrency. It is famous for its decentralized transactions, meaning that there is no central governing body operating it, such as a central bank. Bitcoin News will help you to get the latest information about what is happening in the market.
Within seconds of bitcoin futures launching, spot price began instantly and very quickly moving up, rising to a high of $16,300 from around $14,600, up almost $2,000.
Expected volatility followed, with bitcoin’s spot price falling by $1,300 within five minutes, before jumping up and down again to settle at a current price of around $15,600 at the time of writing.
CBOE’s futures page crashed, presumably due to heavy demand, with us and many others frantically refreshing to get those first stats.
When we gained a brief glimpse, bitcoin futures were shown to be almost $1,000 above spot price.
Wall Street, therefore, seems to be just as bullish as the rest of us, with future prices opening, and standing at the time of writing, hundreds of dollars higher than spot price.
So launching a new era for the asset when the new, in many ways, seems little different than the old.