CME to Launch Bitcoin Options, Chinese Blockchain Spending to Exceed $2B and TRON Founder Confirms Poloniex Investment
Here is your daily overview of important and market moving cryptocurrency news, written by the Crypto2Cash team.
CME to Launch Bitcoin Options
Derivatives exchange CME Group has announced it will launch options on its Bitcoin futures contracts.
As long as it gets the green light from regulators, the options will go live on 13 January 2020.
Chinese Blockchain Spending to Exceed $2B
China’s spending on blockchain technology will exceed $2 billion in 2023, official state-run publication Xinhua reported on 10 November.
The report claims that blockchain development in China will see a compound annual growth rate of 65.7% from 2018 to 2023.
TRON Founder Confirms Poloniex Investment
Justin Sun, founder of TRON, said he is part of the investor group that recently acquired crypto exchange Poloniex, after denying his involvement initially.
With plans of the new owners to spend more than $100 million , major changes encompass the listing of Tron’s tokens on Poloniex, launching an airdrop campaign and plans to shift away from the U.S. to the global market.
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