"5PM CT is the start of Bitcoin futures trading and the $CBOE website appears to be down," one market watcher posted on Twitter (and his observation was quickly confirmed by other cryptocurrency-watching accounts and confirmed by CBOE). "I'm guessing watching Bitcoin futures start trading is a more popular spectator sport than anticipated."

Bitcoin futures will also begin trading on the Chicago Mercantile Exchange in eight days. The Street report that the anticipation of that "has triggered wild swings in bitcoin prices over the last week." Overall, trading bitcoin futures is a positive development for the cryptocurrency says the research team at Fundstrat... The introduction of derivatives lays the necessary market structure for institutions to allocate cash towards cryptocurrencies, points out Fundstrat... Short sellers may now express negative views on bitcoin, which could lead to short-term pricing pressure. But the ability for short sellers to hate on bitcoin could be viewed as a longer term positive, Fundstrat says. Shorting essentially creates true price discovery and means that hedge funds could take bitcoin more seriously. This should improve the long-term prospects of bitcoin as it broadens sponsorship, Fundstrat believes.

An anonymous reader quotes City AM: A leading bitcoin exchange has warned that customers may be unable to get their money out quickly in the event of a crash in the cryptocurrency's price. Writing in a blog post last week, Coinbase's co-founder and chief executive Brian Armstrong, said despite "sizeable and ongoing" increases in the firm's technical infrastructure and engineering staff, access to Coinbase services could become "degraded or unavailable during times of significant volatility or volume. This could result in the inability to buy or sell for period of time," he said.

Armstrong added that there would be restrictions on how much customers could sell, or sell limits, to "protect client accounts and assets"... Bitcoin's market capitalisation rose above $300 billion for the first time earlier this week when its price rocketed to an all-time high of just over $17,000. Many analysts have warned that bitcoin represents an unsustainable bubble, though no one is quite sure when it will burst.

"FCC general counsel Tom Johnson has told the New York State attorney general that the FCC is not providing information for his investigation into fake net-neutrality comments, saying those comments did not affect the review, and challenging the state's ability to investigate the feds." Variety has more: The FCC's general counsel, in a letter to New York Attorney General Eric Schneiderman, also dismissed his concerns that the volume of fake comments or those made with stolen identities have "corrupted" the rule-making process... He added that Schneiderman's request for logs of IP addresses would be "unduly burdensome" to the commission, and would "raise significant personal privacy concerns."

Amy Spitalnick, Schneiderman's press secretary, said in a statement that the FCC "made clear that it will continue to obstruct a law enforcement investigation. It's easy for the FCC to claim that there's no problem with the process, when they're hiding the very information that would allow us to determine if there was a problem. To be clear, impersonation is a violation of New York law," she said... "The only privacy jeopardized by the FCC's continued obstruction of this investigation is that of the perpetrators who impersonated real Americans."
One of the FCC's Democratic commissioners claimed that this response "shows the FCC's sheer contempt for public input and unreasonable failure to support integrity in its process... Moreover, the FCC refuses to look into how nearly half a million comments came from Russian sources."

Remember NIST, the non-regulatory agency of the U.S. Department of Commerce? Their mission expanded over the years to protecting businesses from cyberthreats, including a "Cybersecurty Framework" first published in 2014. "The original goal was to develop a voluntary framework to help organizations manage cybersecurity risk in the nation's critical infrastructure, such as bridges and the electric power grid," NIST wrote in January, "but the framework has been widely adopted by many types of organizations across the country and around the world." Now SC Media reports: The second draft of the update to the National Institute of Standards and Technology's cybersecurity framework, NIST 1.1, is meant "to clarify, refine, and enhance the Cybersecurity Framework, amplifying its value and making it easier to use," according to NIST. Specifically, it brings clarity to cybersecurity measurement language and tackles improving security of the supply chain. Calling the initial NIST CSF "a landmark effort" that delivered "important benefits, such as providing common language for different models" of standards and best practices already in use, Larry Clinton, president and CEO of the Internet Security Alliance, said "it fell short of some of the most critical demands of Presidential Executive Order 13636, which generated its development...

"To begin with, the new draft makes it clear that our goal is not some undefined metric for use of the Framework, but for effective use of the Framework. Moreover, this use-metric needs to be tied not to some generic standard, but to be calibrated to the unique threat picture, risk appetite and business objective of a particular organization"... Clinton praised the process used by NIST as "a model 'use case' for how government needs to engage with its industry partners to address the cybersecurity issue." The internet's inherent interconnectedness makes it impossible for sustainable security to be achieved through anything other than true partnership, he contended.
Slashdot reader Presto Vivace reminds you that public comments on the draft Framework and Roadmap are due to NIST by 11:59 p.m. EST on January 19, 2018. "If you have an opinion about this, NOW is the time to express it."