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The first bitcoin futures depend on trading at the Winklevoss twins' tiny exchange — and that could be a problem

Cboe Global Markets' bitcoin futures product launches Sunday.  Cboe is basing its bitcoin futures contract on pricing on Gemini, the cryptocurrency exchange founded by the Winklevoss twins.  Bitcoin futures will allow investors to bet on the future price of the red-hot cryptocurrency. But a number of concerns hang over Gemini including low volumes on the exchange and system outages. 

All eyes will be on Cboe Global Markets on Sunday when it launches futures contracts for bitcoin.

The Chicago-based derivatives market is the first established exchange to roll-out futures for the red-hot digital currency. Futures are contracts that will let investors bet on the coin's future price. 


Apple's Jony Ive will take back control of his famous design team (AAPL)

Jony Ive, Apple's chief design officer, is taking over management of Apple's design team, Bloomberg reported on Friday. 

"With the completion of Apple Park, Apple’s design leaders and teams are again reporting directly to Jony Ive, who remains focused purely on design," an Apple spokesperson told Bloomberg. Apple didn't immediately respond to a request for comment from Business Insider. 

Ive stepped back from a day-to-day role in 2015. 

*APPLE’S IVE RETAKES MANAGEMENT OF DESIGN TEAM AFTER 2 YEARS

— Mark Gurman (@markgurman) December 8, 2017


'Grinch bots' are apparently 'stealing' hot toys and jacking up the prices

Popular holiday toys are being bought and sold by bots at significant markups. Many are out-of-stock through traditional retailers like Toys R Us, Walmart, and Target. Some are being sold for up to 162 times their listed price. Sen. Chuck Schumer is calling on retailers to take steps to prevent the problem.

 

If you've had trouble finding popular Christmas gifts like Fingerlings and the NES Classic Edition online, you're not alone.

According to


Facebook publicly released its internal harassment policy — and it could change the way companies talk about harassment going forward (FB)

• On Friday, Facebook publicly released its internal anti-harassment policy on its website.

• The post breaks down the tech giant's processes when it comes to investigating harassment claims. 

• In a statement, Facebook COO Sheryl Sandberg and VP of people Lori Goler pushed for more transparency surrounding harassment policies in the business world.

On Friday, Facebook publicly released its internal policy on harassment.


DIGITAL HEALTH BRIEFING: Google's expanding digital health efforts — Net neutrality rollback could affect telemedicine — Data breach hits 18K patients

Welcome to Digital Health Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting the healthcare ecosystem, produced by BI Intelligence.

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Bitcoin and tulipmania have a lot more in common than you might think

Tulipmania gripped the Netherlands in the 1600s as the price of tulip bulbs skyrocketed. Bitcoin has been compared to tulipmania. When the tulip bubble collapsed, much of the Dutch economy was unaffected, which is likely the case if bitcoin ever collapses, according to Capital Economics. Watch the price of bitcoin move in real time on Markets Insider.


Tesla is beginning to prove that the future of trucking may actually be electric (TSLA)

Food distributor Sysco has ordered 40 Tesla Semis. Sysco joins major companies like Walmart and Anheuser-Busch as early customers for Tesla's new electric trucks. Some were skeptical of Tesla's ability to break into the trucking industry.

Tesla just added another major client to its Semi pre-order list, as food service distributor Sysco has reserved 50 of Tesla's electric trucks, according to Sysco's website.


Elon Musk reveals Tesla is making its own AI chips for self-driving cars — and he claims the technology will be the 'best in the world'

Tesla is making AI chips for its autonomous vehicles. CEO Elon Musk broke the news on Thursday at a company party following an intelligence conference. Jim Keller, the company's vice president of hardware, indicated that producing the chips in-house could allow Tesla to make them much more powerful at a fraction of their current cost.

Tesla is producing AI chips for its autonomous vehicles, according to CNBC.

CEO Elon Musk broke the news on Thursday at a company party following an intelligence conference in Long Beach, CA. "Jim is developing specialized AI hardware that we think will be the best in the world," Musk reportedly said, referring to Jim Keller, Tesla's vice president of hardware.


We tried San Francisco's legendary sourdough from the best local bakeries — and the winner was clear

San Francisco and sourdough bread are basically synonymous. Gold miners discovered this in the mid-1800s, and visitors to the city have been rediscovering it ever since.

It's not just hometown pride either — the special flavor in San Francisco sourdough comes from the lactic acids produced by bacteria that gets into the bread. 

I recently set out on a mission to find the best sourdough bread San Francisco has to offer. To choose the bakeries I'd visit, I consulted rankings from


Coinbase warns that its platform could crash again in the future

Coinbase, the cryptocurrency trading platform, experienced an outage on Thursday as bitcoin soared by $3,000 in under three hours on its platform.  The company's CEO Brian Armstrong said Friday the firm expects more outages during periods of high-volumes. 

 

Coinbase is taking an "honesty is the best policy" approach. 

The company's CEO warned users of the cryptocurrency trading platform that future outages on its app and mobile site might occur during periods of high trading volume. 

"We wanted to remind customers that access to Coinbase services may become degraded or unavailable during times of significant volatility or volume," Armstrong wrote in a Medium post Friday. "This could result in the inability to buy or sell for periods of time."

The price of