[BeyondCC Daily Update] - 13 January 2020
Options on CME's bitcoin futures contracts launched on the CME Globex around 15:00 UTC Monday. Each contract, quoted in U.S. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. CME relies on trade flow data from several of the large bitcoin exchanges to accurately track bitcoin's price.Mobile Phone Retailer Joins China’s Blockchain Land Grab With US Startup Investment
The two companies confirmed to CoinDesk the purchasing agreement was signed on Jan. 7, but declined to disclose any financial terms on the deal. However, people familiar with the matter said the deal values the blockchain startup at over $100 million.