CME Ethereum Futures Trading To Open Monday – February 8

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $39,293

Bitcoin price is hanging around the $39,000 mark to begin Monday, following a brief re-test of the $40,000 milestone over the weekend.

Top-20 altcoins are holding steady over the last 24 hours of trading, as Ethereum remains unchanged, XRP falls just 2%, and Dogecoin rallies 19%.

Top Stories for February 8, 2021 πŸ”₯

πŸ‘‰ CME Ethereum Futures Trading To Open Monday

CME Group is set to launch its much-anticipated Ethereum futures trading today, according to an announcement on Twitter.

The ETH futures contracts will be cash-settled, with each contract representing 50 ETH. The minimum trade size will be 5 contracts.

Liquidity for the new contracts will initially be provided by several companies, including BlockFi, Galaxy, Genesis and others.

πŸ‘‰ Nigeria Clarifies Crypto Banking Ban

The Central Bank of Nigeria (CBN) has clarified its stance on cryptocurrency following a call to banks to shut down crypto-related accounts.

The CBN stated that the ban was not a new rule, but rather a reinforcement of previously-instated regulation from 2017 which prohibited the ownership or use of cryptocurrencies.

πŸ‘‰ Celebrities Are Joining The Dogecoin Movement

Celebrities continue to jump on board the Dogecoin bandwagon, as Snoop Dogg and Gene Simmons tweet memes involving the cryptocurrency,

The coin has rallied once again over the weekend, as it continues to draw attention from Redditors on r/wallstreetbets and billionaire Elon Musk.