Bitcoin dips to 6-month low, Bakkt to launch Bitcoin futures in Singapore and China vows to ‘dispose of’ local exchanges
Here is your daily overview of important, interesting and market moving crypto news.
Bitcoin dips to 6-month low
Bitcoin’s price dropped to 7.000 USD today, its lowest level since May. With this move, it erases the entire rally from $7,293 to $10,350 in October.
The number one cryptocurrency by market value is currently trading around 7.070 USD.
Bakkt to launch Bitcoin futures in Singapore
Bakkt is launching its Singapore-listed bitcoin futures contracts on 9 December, parent firm Intercontinental Exchange (ICE) has announced.
The ICE subsidiary also revealed that it would launch “the first regulated options contract for bitcoin futures” also on 9 December.
China vows to ‘dispose of’ local exchanges
China’s central bank announced it would take new steps to uphold its trading ban.
In response to a rise in trading activity following China’s public endorsement of blockchain technology, China’s central bank and the PBoC vowed to “dispose of” any such activity it discovered under its jurisdiction.
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