Bitcoin Picks: Bitcoin Industry Steps Closer to Regulatory Recognition in the UK

A number of positive news pieces were out in the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term industry this week. The prospect of regulatory doors opening up, the instrument expanding in its product type through derivatives contracts and a new data feed to support professional traders and firms, all steps in the right direction for the digital asset class.

UK's Plan

When central banks or governments talk Bitcoins, it's usually on a sour note, however, a government minister from one of the world’s largest and most reputable financial centres broke the silence on the country's plan to explore the dynamics of virtual currencies. The UK’s Finance Minister aka Chancellor of the Exchequer, George Osborne, made a surprise comment about the new financial payment mode. Mr. Osborne stated that his government will be exploring the benefits such instruments could potentially have on the UK’s financial sector.

To read the full article click here.

Bitcoins Getting Financed up

The financialization of Bitcoins is critical for the asset class to find solace in the financial markets trading sphere and develop its position as a viable asset class. Two related news pieces will support this notion.

A business head from one of the world’s largest exchanges has spoken in favour of Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term traded funds (ETF) that invest in Bitcoins, namely the Winklevoss Bitcoin Trust. The new instrument is undergoing regulatory scrutiny by the authority that governs exchange traded products, the Securities and Exchange Commission (SEC) has yet to approve the firm.

David LaValle, Vice President of Transaction Services for Nasdaq OMX and Head of ETF business, spoke on the future of the currency as he sees the prospects of the instrument among the investment community.

Get the full story by clicking here.

Bitcoin Futures

Adding to the positive news is the concept of Bitcoin futures. On a similar note, Bitcoin traders will be pleased to know that the first Bitcoin derivative are close to production with a number of providers exploring the concept.

The new product type will be available to users on OKCoin. The Chinese-based exchange has been spearheading growth and opportunities in automated and algorithmic trading in Bitcoins.

Read more

Bitcoin Data

With the possibility of new regulations, as stated by UK government official, and the opening up of new product types, professional traders were also boosted as market data providers to the financial industry, Thomson Reuters having launched a new price feed on its popular Eikon portal. The portal will source real-time pricing of the Bitcoin instrument, which will be available from Bitstamp bitcoin exchange’s price.

Thomson Reuters, one of the driving forces in the global interbank market, is a pioneer in matching bank and broker feeds in its trading terminal. Its entry into the Bitcoin market will signal opportunities for the instrument.

To read the full article, click here

Bitcoin specialist news portal, Digital Currency Magnates, publishes the latest news and information impacting the virtual currencies sector, the site also publishes analysis and the real-time price of the instrument.