Bitcoin price continued to hover around $2700 mark on Thursday. BCH is still only accepted in a very few exchanges. This could be the reason behind the price uncertainty of both Bitcoins. We will only know the real value of BCH once it hits the major exchanges. Interestingly, there has been no dent in the market cap of Bitcoin because of BCash.
There is a chance that incompatibility concerns are keeping a lid on bitcoin price gains for now. many believe that network acceptance will favor the main version which will be activated with SegWit to handle more transactions.
Top Stories from the Crypto World
1. CBOE plans to launch Bitcoin futures
The Chicago Board Options Exchange (CBOE) and Winkelvoss twins backed exchange Gemini plan to allow more sophisticated options to traders as soon as later this year.
The news came soon after the U.S. Commodity Futures Trading Commission regulated SEF and DCO announced that it has received approval from the Commodity Future Trading Commission – a milestone as the first federally regulated platform to offer options and future contracts for Bitcoin.
2. Indian Securities regulator looks into Blockchain
The Securities and Exchange Board of India (SEBI) unveiled that an advisory committee will research blockchain technology. It will also research in the areas of asset management, fundraising and post-trade settlement, among others.
Furthermore, CFRT will examine whether blockchain could be put to use by SEBI itself.
3. Germany’s biggest exchange turned over users’ data to the police
Bitcoin AG, Germany largest Bitcoin exchange recently received an inquiry from German police officials to share customer records. The exchange complied with the request and shared the information with the police. All the addresses seemingly belong to darknet users.
This is step is intriguing and troublesome to say the least. Just goes to show buying Bitcoin from local exchanges isn’t anonymous. There is no legal requirement for Bitcoin AG to share this information voluntarily. The company could have even refuse a police investigation if they want to, but the police could have easily obtained this information through a court order.