Created after a heated debate in the cryptocurrency community, bitcoin cash is an “offshoot” of bitcoin, Canaccord noted, created over the relatively smaller blocks used for bitcoin’s blockchain technology — the public ledger used to track transactions. “As a result, after a consensus was reached in the bitcoin community, bitcoin forked at block 478,558 of its blockchain on (Aug. 1), creating Bitcoin Cash,” Canaccord said.
“Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract,” said Terry Duffy, chief executive of the CME Group, in a release. The world’s first blockchain and cyptocurrency fund of funds — which will seek out and put money into a variety of digital-focused funds — was launched this month by Luxembourg-based Block Asset Management and is now an option for qualified investors.
“Via the Fund, investors gain diversified exposure to this dynamic new asset class by way of the funds unique five-prong investment approach: exposure to tracking/index, trading, mining, lending and ICO funds through carefully selected managers and funds.”. Bitcoin has moved on from the graphics chips, but Ethereum, another blockchain that churns out digital tokens, has not.
Morgan Stanley said that it believes total graphics chip sales tied to Ethereum mining this year will be US$800 million, but that it will be halved next year. “With payback diminishing rapidly as the complexity of the algorithm grows, and the obsolescence of mining equipment 12-18 months away, deceleration in spending by miners seems likely to continue,” Morgan Stanley said.
http://business.financialpost.com/investing/bitcoin-is-now-within-spitting-distance-of-10000-here-are-four-ways-you-can-invest-in-it
