Price of Bitcoin Hits New All Time High

The cryptocurrency market has been growing rapidly this year


Bitcoin price hit another all-time high this Tuesday after CME announced to launch bitcoin future in the fourth quarter of the year.

According to data from industry website CoinDesk, the price of bitcoin rose past $6,400 for the first time and hit a new record high of $6,415.28 on Thursday morning. GME Group Inc. is the world's leading exchange operator for options and futures trading. CME said the new bitcoin futures contract will be settled via cash and based on its CME CF Bitcoin Reference Rate (BRR). Bitcoin was up over 500 percent this year.

The cryptocurrency market has been growing rapidly this year. According to CoinMarketcap, the total market cap of cryptocurrency market reached 182 billion. Terry Duffy, CME Group chairman and CEO, said: "Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract. As the world's largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities."

Global Blockchain Technologies announced that, "it has joined the Hyperledger Foundation. Global Blockchain Technologies' membership in the Hyperledger Foundation, an open-source collaborative effort to create cross-industry blockchain technologies for businesses, will facilitate technically-focused collaboration with other leaders in the blockchain space.

In addition, Global Blockchain Technologies has established a strategic partnership with Wachsman PR, the world's largest public relations firm specializing in the blockchain industry.

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