it's regulated by my old agency the c f t c the commodity futures trading commission and i know c.m.e. group to be really diligent and deliberate and compliant with the righteous rules of the road they have market monitoring that's unsurpassed in the future space. as they investigate and find traders who participate in the fairy s. activities while trading on c.m.e. platforms like the chicago board of trade the new york mercantile exchange nymex and the commodity exchange comix and the key oversight and enforcement tools such as circuit breakers those circuit breakers actually stop trading when the price moves one way or another by seven percent or thirteen percent and then it completely stops all trading at twenty percent in a single day that's critical to lessening the voracious volatility which we've seen in bitcoin trading and ether trading and c.m.e. group can spot manipulation they know it when they see it and they know that when large traders controlled large positions they know if that trader tries to push around markets and they will go after them if they see anything approaching vi

run received a major boost a month ago when the world's biggest derivatives exchange operator c.m.e. group said it would start offering bitcoin futures in the fourth quarter but some financial experts have been less bullish on the currency with many warning about the wrists earlier we asked analyst robert hover of bought a bag while vestas are interested on such a large scale right now. just as people are pouring into big currency because the idea of crypto currencies is fascinating it's a new object of speculation which has taken off dramatically since twenty six thousand nine hundred percent and that is drawing the attention of the financial sector they are trying to enter this market by introducing new financial instruments right now you only have limited options to invest money interest rates are at the bottom end for many stocks have risen too sharply already that's why many tend to invest in the new crypto currencies. so what's behind the big con bonanza let's bring in our business reporter steve betsy who's had a closer look at the phenomenon stephen we just heard why investors are

worth six cents in two thousand and ten at the beginning of this year it was less than a thousand c.m.e. group already announced its plan to launch bitcoin futures by the end of this year but nasdaq might be hopping on the crypto bandwagon too according to a report in the wall street journal now as tax contract would debut on nasdaq futures. on wednesday federal reserve chair janet yellen gave her final testimony to the joint committee economic committee on capitol hill well she said we can expect a gradual increase in interest rates to come she didn't offer much beyond that here to discuss further is danielle de martino booth president of money strong l.l.c. and author of fed up an insider's take on why the federal reserve is bad for america danielle yellen gave a pretty positive review of the u.s. economy and what was likely her last address to congress take a listen to what she said was a draw against this year seventeen million more americans are employed now we did eight years ago meanwhile the on the employment rate which to four point one percent in october has full and six tenths perce

worth six cents in two thousand and ten at the beginning of this year it was less than a thousand c.m.e. group already announced its plan to launch bitcoin futures by the end of this year but nasdaq might be hopping on the crypto bandwagon too according to a report in the wall street journal nasdaq's bitcoin contract would debut on nasdaq futures. on wednesday federal reserve chair janet yellen gave her final testimony to the joint committee economic committee on capitol hill well she said we can expect a gradual increase in interest rates to come she didn't offer much beyond that here to discuss further is daniel.

the surge is widely considered to have been retail driven although it also follows big news from c.m.e. group by the second week of december c.m.e. will list futures which is seen by many as a step toward making the digital currency as a legitimate asset class so far it's risen over eight hundred percent from the beginning of two thousand and seventeen. i. speaking of cryptocurrency one canada based company is hoping to create its own point to disrupt the global remittance market but right now the firm has to eye on cuba and the greater caribbean region to hear more about this we're joined now by steve marshall c.e.o. of cuba ventures corp steve your company just announced the creation of the block chain based mobile app were valued paid to target cuba's three point four. billion dollar remittance market including it's own crypto currency so how is that supposed to work when only a small portion of the population in cuba has decent access to the internet. well that's one of the fallacies with regard to cuba right now what you have is a situation where the the national telephone company is has

the surge is widely considered to have been retail driven although it also follows big news from c.m.e. group by the second week of december c.m.e. will list futures which is seen by many as a step toward making the digital currency as a legitimate asset class so far it's risen over eight hundred percent from the beginning of two thousand and seventeen. speaking of crypto currency one canada based company is hoping to create its own coin to disrupt the global remittance market but right now the firm has the eye on cuba and the greater caribbean region to hear more about this we're joined now by steve marshall c.e.o. of cuba ventures corp steve your company just announced the creation of the block chain based mobile app we're ball you pay to target cuba's three point four billion dollar remittance market including its own crypto currency so how is that supposed to work when only a small portion of the population in cuba has decent access to the internet. well that's one of the followed with regard to cuba right now what you have is a situation would the the national telephone company has a. ne

the surge is widely considered to have been retail driven although it also follows big news from c.m.e. group by the second week of december c.m.e. will list futures which is seen by many as a step toward making the digital currency as a legitimate asset class so far it's risen over eight hundred percent from the beginning of two thousand and seventeen. speaking of cryptocurrency one canada based company is hoping to create its own point to disrupt the global remittance market.

run received a major boost a month ago when the world's biggest derivatives exchange operator c.m.e. group said it would start offering bitcoin futures in the fourth quarter but some financial experts have been less bullish on the currency with many warning about the risks our financial correspondent danny of course has this analysis. the head of the german boners bank just stated a few days ago that at least for him bitcoin is not really money but when you talk to experts year on the trading floor they are sure that crypto currencies will have a very big importance in the future and their countries such as in a serial with very high inflations rate were bitcoin is even considered as more secure as the national currency believer and we even might be able to do our shopping in the future with crypto currencies amazon there's been this rumor for a long time might be announcing very soon that they will accept bitcoin ethanol official payment. frankfurt today is cyber monday marking the start of the online holiday shopping rush it comes hot on the heels of black friday last week where shops of

however has kept away but change is in the air the world's biggest the river saves exchange operator c.m.e. grouprecently announced that it would start offering bit coin futures well june a year wall is a technology journalist with the web site quartz he says the growth and volatility bitcoin is experiencing is normal for young currencies it is worth remembering the big quote is about nine years old now so it's a very young technology and a young asset class the last big bubble was twenty thirty minutes one hundred and it took about almost four years for the for it to for the price to surpass that level so after each peak you'd have had quite severe crashes i think lots of you know economic historians have looked at this and said these sorts of cycles are quite common for young asset classes so you know mike novogratz who is a hedge fund manager has predicted bitcoin forty k. by the end of twenty eighteen which could well happen in the long term if bitcoin takes off as a technology we would expect to see the volatile quality that you drop and it would start to be used much more like an everyday c

recognized it as an official method of payment and the world's largest derivatives exchange operator c.m.e. group plans to start offering bitcoin futures before yours and bitcoins market capitalization is now larger than giant reality based companies like walt disney and i.b.m. investors have taken notice point base a popular online trading platform now has more than thirteen million users up more than three hundred thousand in the past week alone some financial experts see the rapid run up in bitcoins price as a classic symptom of economic delusion bitcoin as a speculative bubble the only question is when it's going to burst and who is going to be left holding the bag in the end the people that are holding it will hold something that is worth nothing but going trading as historically been extremely volatile with the price spiking and crashing as it did in two thousand and thirteen and twenty fourteen and bitcoin has also been linked to crime as hackers narcotics sellers and child pornography peddlers prefer the anonymity it provides for illicit transactions robert oulds al jazeera los angeles. n

however has kept away but change is in the air the world's biggest derivatives exchange operator c.m.e. group recently announced that it would start offering bitcoin futures where junior on wall is a technology journalist at the web site quartz see says the growth that volatility bitcoin is experiencing is normal for young currencies is worth remembering that because it is about nine years old now and so it's a very young technology and a young asset class the last big bubble was twenty thirty two and a hit twelve hundred and it took about almost four years for the for it to for the price to surpass that level so after each peak you'd have had quite severe crashes i think lots of you know economic historians have looked at this and said these sorts of cycles are quite common for young asset classes so you know mike novogratz who is a hedge fund manager has predicted bitcoin forty k. by the end of twenty eighteen which could well happen in the long term if bitcoin takes off as a technology we would expect to see the volatility fall into that you drop and it would start to be used much more lik

recognized it as an official method of payment and the world's largest derivatives exchange operator c.m.e. groupplans to start offering bitcoin futures before yours and bitcoins market capitalization is now larger than giant reality based companies like walt disney and i.b.m. investors have taken notice calling bass a popular online trading platform now has more than thirteen million users up more than three hundred thousand in the past week alone some financial experts see the rapid run up in bitcoins price as a classic symptom of economic delusion bitcoin is a speculative bubble the only question is when it's going to burst and who is going to be left holding the bag in the end the people that are holding it will hold something that is worth nothing but going trading as historically been extremely volatile with the price spiking and crashing as it did in two thousand and thirteen and two thousand and fourteen and bitcoin has also been linked to crime as hackers narcotics sellers and child pornography peddlers prefer the anonymity it provides for illicit transactions robert oulds al jazeera los

c.m.e. for bequests coming very shortly but this is not unpredictable they have a group of rogue crypto enthusiasts who are attacking bitcoin using a fake would call because in cash which is a fake coin well those are individuals or groups of investors those are groups of hedge funds private equity and this article mentions that private equity has done this sort of deal here this is on a nation state level this is the united arab emirates this was presented a plan was presented to them by a very politically connected bank.

c.m.e. for bequests coming very shortly but this is not unpredictable they have a group of rogue crypto enthusiasts who are attacking bitcoin using a fake one called between cash which is a fake coin well those are individuals or groups of investors those are groups of hedge funds private equity and this article mentions that private equity has done this sort of deal here this is on a nation state level this is the united arab emirates this was presented a plan was presented to them by a very politically connected bank in the u.k. to target another nation economically and using financial manipulation and market manipulation so it's on the first public i mean i thought. it has happened on the nation state level before but this is the first one that has been revealed i'll tell you first about the bank the outline prepared by bank how the law and a private luxembourg based bank owned by the family of controversial british financier david rowland laid out a scheme to drive down the value of cutter's bonds and increase the cost of insuring them with the ultimate goal of creating a currency crisis that w