Sentences with phrase «auction price of bitcoin»
The futures are cash - settled contracts based on the auction price of Bitcoin in US dollars on the Gemini Exchange, which is owned and operated by virtual currency entrepreneurs Cameron and Tyler Winklevoss.
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In contrast, the Cboe futures prices are based on a closing auction price of Bitcoin on a single Bitcoin exchange known as the Gemini exchange.
Not exact matches
Last week, the U.S. Marshals Service said it will hold an auction in February to dispose of 3,813 bitcoins, which are valued at a sizable $ 52 million at today's price.
On January 17, 2018, while the global price of bitcoin withered like a flower (if only temporarily), the notional value transacted in Gemini's bitcoin auction reached staggering new heights.
Then, on January 8, 2018, the Gemini auction hosted a volume of 102 bitcoin, corresponding to an auction price of approximately $ 14,938 per bitcoin, and a total notional value of $ 1.52 million.
As such, CBOE's bitcoin futures contracts could be vulnerable to manipulation because the 4 p.m. ET Gemini auction is the sole determinant of the benchmark price.
US government to sell $ 18m worth of Silk Road bitcoin: The price of bitcoin took a dip at the end of the week following the news that the US government will be auctioning off 30,000 bitcoin obtained from the Silk Road online black market.
The practice to sell confiscated bitcoins via auctions is based on the concern that a huge bulk of coins if brought to traditional cryptocurrency exchanges, can seriously affect the market price of the cryptocurrency.