Regulators Greenlight Bitcoin Futures

bitcoin futures contracts to be offered by CME Group Inc. and Cboe Futures Exchange to mainstream investors.

CME Group, the world’s largest futures exchange, has announced that it has self-certified the initial listing of its bitcoin futures contract. CME first announced its intentions to launch a bitcoin futures product on October 31, 2017.

The new contract will be available for trading on the CME Globex electronic trading platform effective on Sunday, December 17, 2017, for a trade date of December 18.

At the same time, the Commodity Futures Trading Commission (CFTC) also announced that Cboe Futures Exchange (CFE) has self-certified new contracts for bitcoin futures products, and that the Cantor Exchange (Cantor) has self-certified a new contract for bitcoin binary options.

“bitcoin, a virtual currency, is a commodity unlike any the Commission has dealt with in the past,” said CFTC Chairman J. Christopher Giancarlo in a press release. “As a result, we have had extensive discussions with the exchanges regarding the proposed contracts, and CME, CFE and Cantor have agreed to significant enhancements to protect customers and maintain orderly markets.”

The exchanges assured the CFTC that the new products complied with the rules under a process of self-certification. While CFTC approval isn’t required, the regulatory body could have halted the CME’s plans if it wasn’t satisfied with the self-certification.

The press release stated: “Commission staff held rigorous discussions with CME over the course of six weeks, CFE over the course of four months, and had numerous calls with Cantor. CME, CFE and Cantor agreed to significant enhancements to contract design and settlement, and CME to margining, at the request of Commission staff.”

Cboe said they are “operational ready.” Both Cboe and the Cantor Exchange plan to announce a start date soon.

These new derivatives open the doors for institutional investors, as well as introducing the possibility of more cryptocurrencies becoming available in the future. After a record high on Wednesday for bitcoin price of $11,377, there was a 20 percent drop from profit takers down to $9,021; it has since fluctuated several times and is now selling at around $10,500.

The post Regulators Greenlight Bitcoin Futures appeared first on Bitcoin Magazine.

September 28, 2017

Snovio Brings Blockchain to Implement an Innovative Approach to Lead Generation and Sourcing

Snovio, a lead generation and sourcing platform, announces its Token Sale starting 3 October 2017 to raise $15 million to make a pivot towards the innovation the lead generation market needs.

[Note: This is a press release.]

Snovio

Snovio Minimum Viable Product

Snovio released the platform’s beta version in April 2017. Since that time, Snovio has built the database of 400,000 unique B2B leads and extended the service functionality with the following features:

Email Verifier that checks email addresses to ensure that the email list is valid and bounce-free.
LinkedIn Email Search used to find and save emails and more valuable data of LinkedInners.
Domain Search and Bulk Domain Search through which the users can extract emails along with names and job positions from various domains. It is reinforced with Prospect Search, Company Search and Linker (boolean search) being extremely handy when it comes to leads in specific fields.

Improvements and Innovations Ahead

As stated by Alexis Kratko, Snovio CEO and Founder, the platform aims to facilitate the process of lead generation and sourcing for all possible seekers of information. To do that, Snovio is going to transform the established methods of lead generation into the new decentralized one, power the platform by Blockchain and embed the smart contract.

Decentralized Search

Snovio’s crowdsourcing data collection technology will be based on a decentralized network of an unlimited number of contributors who will add new data to the system and update already existing information using Snovio Chrome Extension. The platform will reward data suppliers with SNOV tokens in the amount of 70% of the sold lead cost. Thanks to blockchain technology and smart contract, Snovio contributors will explore the transparent and fair revenue distribution model.

Marketplace

After the Token Sale, the platform will evolve into a Marketplace. A customer will place a data supply order and set a reward in SNOV tokens for the order fulfillment. A contributor or several contributors, being interested in receiving a reward, will perform a data search and submit the collected data back to the customer who will verify them and accept the order. After this, the contributors will receive the reward.

Mailing Service

Aside from working on data enrichment techniques, the team is also developing a mailing service that will enable the customers to create and launch an email campaign and automated triggered email series.

Upcoming Token Sale

A total of 2,5 billion SNOV tokens based on Ethereum blockchain will be generated and capped, and 60% of them will be available for purchase within 30 days from the token sale launch date. The success threshold is set as $5 million USD, while the hard cap – $15 million USD.

Pre-sale through the White List is already live and will continue till 2 October 2017.

Learn more about Snovio and upcoming Token Sale at:

Official website: https://tokensale.snov.io/

White Paper: https://tokensale.snov.io/docs/WhitePaperEn.pdf

Twitter: https://twitter.com/snovio_ico

Telegram: https://t.me/snovio_ico

Reddit: https://www.reddit.com/user/Snovio_ICO/

Bitcointalk: https://bitcointalk.org/index.php?topic=2111272

Facebook: https://www.facebook.com/ICOsnovio/

Medium: https://medium.com/@ico_snovio

Images courtesy of Snovio

The post Snovio Brings Blockchain to Implement an Innovative Approach to Lead Generation and Sourcing appeared first on Bitcoinist.com.