Bitcoin a new asset class, not a crypto-currency: CME’s Melamed

TOKYO (Reuters) – Bitcoin is likely to become a new asset class in its own right, such as gold or stocks, which can be traded by major investors and regulated, not simply a crypto-currency, Leo Melamed, Chairman Emeritus of CME Group , said on Tuesday.

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Cryptocurrencies’ market cap hits record $200 billion as bitcoin soars

LONDON (Reuters) – The aggregate value of all cryptocurrencies hit a record high of over $200 billion on Wednesday, according to industry website Coinmarketcap, putting their reported market value at more than that of U.S. banking giant Citigroup .

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