Weekly Crypto Recap
All the best news from around the cryptocurrency market!
CBOE to Launch Ethereum Futures Trading Later This Year
Recent reports have suggested that the Chicago Board Options Exchange is seeking to launch an Ethereum Futures market by the end of 2018. With a similar Bitcoin Futures market already in operation, the project is rumoured to be seeking final approval before its eventual launch. The market will watch this process closely, as many attribute the approval of Bitcoin Futures markets as a catalyst factor that launched the intense bull market of December 2017.

Almost All Top 100 Cryptocurrencies Solidly in Green, Dogecoin Skyrockets Over 40%
Cult cryptocurrency Dogecoin was at the forefront of a much needed relief rally during the latter stages of last week. Dogecoin rose by over 40%, leading the Top 100 coins in a widespread green period. With Dogecoin being renowned for its previous signalling of upwards market moves, the crypto community once again watches with anticipation. Will most of the Top 100 coins down over 90% since their all-time highs in January 2018, does this rally represent a change in market sentiment? Time will surely tell. Stay tuned!

Rakuten Is About to Buy a Bitcoin Exchange for $2.4 Million
Japanese e-commerce giant Rakuten has purchased a 100% stake in cryptocurrency exchange Everybody’s Bitcoin in anticipation for a growth in cryptocurrency payments on its platform. The acquisition, which was settled for approximately US$2.4 million is another tangible move into the cryptocurrency game by Rakuten, who are also rumoured to be developing their own native crypto token for use on their platforms. Moves such as this are vital in achieving widespread cryptocurrency adoption and should therefore be welcomed by the blockchain community.

