Chicago is a city in the U.S. Chicago is the third largest city in the country by population and it is the second financial center after New York. In terms of Bitcoin in Chicago, the city has many conditions for the technology to develop, as the regulation of the state where Chicago is located, Illinois, supports Bitcoin technologies and is optimistic about it. Also, the city has become a place for different cryptocurrency-related conferences, developing centers, Bitcoin ATMs, etc. The Chicago Board Option Exchange (CBOE) announced in 2017 that it would be introducing Bitcoin into the market by trading Bitcoin futures in Chicago, which could lead not only to the attraction of new investors, but also to the reduction of volatility and acceptance of Bitcoin as an official financial asset.
Following media reports in late April, Chicago-based cryptocurrency exchange ErisX has launched spot trading.
US-Based Exchange ErisX Officially Announces Public Launch of Spot Market
Major United States-based cryptocurrency exchange Coinbase shut down its Chicago office and scaled down the development of its matching engine.
Coinbase Closes Chicago Office and Scales Down Work on Matching Engine
CBOE gives more information about forthcoming Bitcoin futures market.
Chicago Board Options Exchange to Launch Bitcoin Futures, Announces Specifics
US and Singapore are looking into adopting Blockchain technology in more secured national identity systems.
Governments Eye Blockchain in Their Creation of National Identity Systems
The government of the state of Illinois has started testing a Blockchain-based system for the digitization of birth certificates as of late August 2017.
Illinois Government Pilots Blockchain Technology for Birth Certificate Digitization
A Bitcoin ETF could find it easier to hit the market thanks to two specific developments says a Bloomberg analyst.
Bitcoin ETF Has ‘New Hope’ of Success: Bloomberg Analyst
Bitcoin price will likely increase to $5,000 post SegWit activation, considering current upward momentum of Bitcoin and the cryptocurrency market.
Bitcoin Price Will Likely Increase to $5,000 Post SegWit: Reasons & Trends