Bitcoin debuted on the world's largest futures exchange on Sunday. CME Group launched their Bitcoin Futures, a move that further promotes and brings attention to the cryptocurrency craze.
Tim McCourt is the global head of equities and alternative investments at CME Group, and he joins Cheddar to explain CME Groups decision to launch the BTC Futures. McCourt explains that investors were eager to work with the crytocurrency and CME wanted to help facilitate that.
After the initial launch, the BTC Futures saw a lot of action. According to CME Group, more than 1,000 contracts were traded with a value of more than $100 million, and there were nearly 100 market participants across all regions.
Much like all the upheaval shaking the world, the huge swings rocking Wall Street may feel far from normal. But, for investing at least, this is normal.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
