Bitcoin futures to be launch on CBOE; hits fresh high

Ahead of the Bitcoin futures launch on the Chicago-headquartered CBOE exchange on December 10, the popular cyptocurrency hit a fresh high of US$ 15,000 on Thursday. The cryptocurrency has been continuously surging in the current year from its US$ 1,000 level at the beginning of CY17.
 
The launch of Bitcoin futures on CBOE will lead to the addition of regulations on Bitcoin and a wider acceptance of the popular cryptocurrency in the mainstream markets. While a growing number of people are investing in the cyptocurrency, some investors are skeptic of the surge and the authenticity.
 
According to coinmarketcap.com, bitcoin has surged by 17.11 per cent in the last 24 hours and was trading at USD 14,746.40 as of 1217 hours IST. The surge is expected to send the Bitcoin levels to hit US$ 16,000 soon. Meanwhile, amidst a rising Bitcoin furor, India's apex bank, the Reserve Bank of India has cautioned the investors against investing in the popular cyptocurrency.
 
In a statement of caution, RBI had said that the users, holders and traders of Bitcoins must be wary about the security-related risks associated in dealing with such virtual currencies.