(Opalesque) In the week ending 08 December, 2017, in FinTech, deVere Group said that the surge in cryptocurrency signals the dawn of fianancial technology era, but added bitcoin is still a major gamble. CBOE Global Markets is racing to launch bitcoin futures on December 11, ahead of its rival CME. With the planned bitcoin futures, hedge funds are preparing to trade against bitcoin. Bitcoin has now surpassed the market cap of General Electric, which was once the largest company in the world, with $160bn; Michael Novogratz expressed worry that the surging bitcoin price might attract government regulation as prices went beyond $16,000 in a stunning rally that sounded the alarm bells louder.
The surge in cryptocurrency signals dawn of financial tech era
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