8/17/2018, 3:10 PM (Source: TeleTrader)
more TeleTrader news

Bitcoin trades in green on widespread adoption

Bitcoin rose for the third day in the row on Friday, leading most other major cryptocurrencies higher. Crypto Facilities from the United Kingdom said it is introducing a Bitcoin Cash futures contract to its platform. The exchange operator, CME Group's partner, revealed the product would enable taking long and short positions.

Of note, South Korea has allocated almost $900 million for the funding of blockchain projects, endeavors in artificial intelligence and other technologies. United States–based exchange owner Coinbase has patented a security system for Bitcoin payments with encryption keys. This week, exchange-traded note Bitcoin Tracker One, listed in Sweden, became more accessible for investors from the US. Also on the bullish side, Inc. said it introduced a blockchain-as-a-service platform in an application for invoices for China Pacific Insurance Co.

Bitcoin increased in price by 2.73% at 3:10 pm CET to $6,488. The exchange rate against the euro grew 2.43% to $5,700.89. August Bitcoin futures on CME Globex jumped 3.93% to $6,480. Bitcoin Cash rallied 4.98% to $541.55.

Breaking the News / IT