Tag Archives: CFTC

UK Crypto Exchange Coinfloor to Launch Trading of Physically Delivered Bitcoin Futures

UK Crypto Exchange Coinfloor to Launch Trading of Physically Delivered Bitcoin Futures

CoinfloorEX, a unit of the United Kingdom cryptocurrency exchange Coinfloor, has been reorganized to offer trading of physical Bitcoin futures on the Asian market. The CEO of the company has revealed this in an interview with Bloomberg on Monday, Jan. 7. The rebranded CoinFLEX — short for Coin Futures and Lending Exchange — is reportedly owned by a consortium that includes Roger Ver, […]

US Lawmakers File Bill to Exempt Cryptocurrencies from Securities Laws

US Lawmakers File Bill to Exempt Cryptocurrencies from Securities Laws

Two members of the U.S. House of Representatives are seeking to exempt cryptocurrencies and certain other digital assets from federal securities laws. The “Token Taxonomy Act” was introduced Thursday by Reps. Warren Davidson and Darren Soto, a move that comes months after a roundtable in Washington, D.C. that sought input about regulatory measures for the industry. According […]

Institutional Crypto and a New Generation of Wall Street Leaders

Institutional Crypto and a New Generation of Wall Street Leaders

Donna Redel is an angel investor focusing on financial technology, blockchain and emerging technologies, professor of blockchain and a former chairman at the Commodity Exchange. If there’s any doubt institutions are moving fast on crypto asset adoption, take it from a teacher. In developing the syllabus for Fordham Law and Gabelli School of Business, which both offered […]

US Bills Seeks to Protect Cryptocurrency Investors from Market Manipulation

US Bills Seeks to Protect Cryptocurrency Investors from Market Manipulation

Two US congressmen introduced bipartisan legislation designed to prevent cryptocurrency price manipulation and position the United States as a leader in the crypto industry. Democrat Rep. Darren Soto of Florida and Republican Rep. Ted Budd of North Carolina unveiled the following bills: Virtual Currency Consumer Protection Act. This bill directs the CFTC to explain how […]

Nasdaq Comms VP Confirms Bitcoin Futures in H1 2019: ‘We’re Doing This No Matter What’

Nasdaq Comms VP Confirms Bitcoin Futures in H1 2019: ‘We’re Doing This No Matter What’

On Monday (3 December 2018), Joseph Christinat, Vice President of Communications at Nasdaq, confirmed that the second-largest exchange in the world (by market cap) will definitely be launching a Bitcoin futures product in the first half of 2019. We first head about Nasdaq’s upcoming Bitcoin futures last week during the “Consensus: Invest 2018” conference in New York City. Here is a tweet […]

US CFTC Chairman: Distributed Ledger Technology May Help in Monitoring Trading Markets

US CFTC Chairman: Distributed Ledger Technology May Help in Monitoring Trading Markets

Christopher Giancarlo, the chairman of the US Commodity Futures Trading Commission (CFTC), recently said that distributed ledger technology (DLT) may help regulatory authorities monitor trading markets more effectively. Giancarlo’s comments regarding blockchain technology came as he delivered his speech (on November 7th) titled: “Quantitative Regulation: Effective Market Regulation in a Digital Era” – at the FinTech Week conference at Georgetown University’s […]

Former CFTC Chairman Gary Gensler: ICOs Should be Considered Securities

Former CFTC Chairman Gary Gensler: ICOs Should be Considered Securities

Former chairman of the U.S. Commodity Futures Trading Commission (CFTC), Gary Gensler said that most tokens sold through Initial Coin Offerings (ICOs) should be classified as securities, Bloomberg reported Oct. 15. Should cryptocurrencies be considered securities, they would fall under the regulatory purview of the U.S. Securities and Exchange Commission (SEC). Issuers of coins would have to comply with certain laws, […]

Bitcoin: An Extraordinarily Scarce Commodity

Bitcoin: An Extraordinarily Scarce Commodity

The debate about what Bitcoin (BTC-USD) actually is from the U.S.’s regulatory standpoint is finally over. The Commodity Futures Trading Commission (CFTC) recently officially classified Bitcoin as a commodity, which essentially means it assumes regulatory responsibility over the digital asset. So, why is this significant you ask? Well, now that Bitcoin is officially classified as a commodity, it […]

Cryptocurrency is ‘Here to Stay’: CFTC Chairman Giancarlo

Cryptocurrency is ‘Here to Stay’: CFTC Chairman Giancarlo

Bitcoin may never replace the greenback, but the flagship cryptocurrency could achieve significant adoption in the two-thirds of countries without stable currencies. That statement might sound like a thesis put forward by an early bitcoin adopter, or perhaps a forward-thinking hedge fund manager. In actuality, though, that bullish forecast was issued by J. Christopher Giancarlo, the […]

INTERCONTINENTAL EXCHANGE LAUNCHES BAKKT ECOSYSTEM

INTERCONTINENTAL EXCHANGE LAUNCHES BAKKT ECOSYSTEM

Digital Asset market is worth $270 billion now. Eyeing this massive opportunity, Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), has launched the Bakkt ecosystem which will provide a marketplace for digital assets like cryptocurrencies. This ecosystem will be federally regulated to ensure full legal compliance. The Intercontinental Exchange has joined […]