Tag Archives: CFTC

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 […]

CFTC Chair: Crypto Needs ‘Do No Harm’ Approach That Regulators Gave the Early Internet

CFTC Chair: Crypto Needs ‘Do No Harm’ Approach That Regulators Gave the Early Internet

U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has said that crypto needs a “do no harm” approach from regulators to flourish, in an interview at the annual Singapore Summit today, Friday 14. Chairman Giancarlo said he took the precedent from the early days of the Internet, which he argued was able to develop and […]

Bitcoin ETF Will Likely Be Approved Next Year: Asset Manager

Bitcoin ETF Will Likely Be Approved Next Year: Asset Manager

The focus on a Bitcoin ETF has shifted from its possibility thereof to the timing of an imminent approval. With several predictions from different quarters already, recent statements are suggesting 2019 to be a more realistic date of approval. One of the most pertinent questions surrounding Bitcoin today revolves around the anticipated ETF approval by […]

NYSE Operator Announces New Global Digital Assets Platform, Plans Bitcoin Futures Launch

NYSE Operator Announces New Global Digital Assets Platform, Plans Bitcoin Futures Launch

Intercontinental Exchange (ICE), the operator of 23 leading global exchanges including the New York Stock Exchange (NYSE), has announced plans to create a Microsoft cloud-powered “open and regulated, global ecosystem for digital assets,” according to a press release published August 3. The operator of NYSE is forming a new company, dubbed “Bakkt,” and will work alongside a marquee group […]

Bitcoin Is a Buy at $5K, Says Allianz Chief Economist El-Erian

Bitcoin Is a Buy at $5K, Says Allianz Chief Economist El-Erian

Chief Economic Advisor at financial services company Allianz, Mohamed El-Erian, told CNBC today, June 29, that he thinks Bitcoin (BTC) will eventually be treated as a store of value – and that he would consider buying if the price hits $5,000. While El-Erian reports currently not owning any Bitcoin, the influential economist said he would consider buying at the […]

Bitcoin’s Volatility at Yearly Low, Signalling Bottom, Says President of Blue Line Futures

Bitcoin’s Volatility at Yearly Low, Signalling Bottom, Says President of Blue Line Futures

Bitcoin’s volatility is now at its lowest level in more than a year, signalling a likely bottom, futures broker Bill Baruch said in an analysis for CNBC Monday, June 18. The Blue Line Futures president noted that after the leading cryptocurrency lost as much as 70 percent in value since its peak in December 2017, Bitcoin’s (BTC) decreased volatility […]

All of Top 100 Cryptocurrencies See Red Amidst CFTC Price Manipulation Probe

All of Top 100 Cryptocurrencies See Red Amidst CFTC Price Manipulation Probe

Sunday, June 10: crypto markets have seen a sharp drop today, in the wake of the news that the US Commodity Futures Trading Commission (CFTC) has launched a probe into four major crypto exchanges. All of the top-100 cryptocurrencies by market capitalization are in the red over the 24 hours to press time, while total market capitalization is down by about $20 […]

SEC, CFTC, IRS And Others: A Guide To US Regulating Bodies

SEC, CFTC, IRS And Others: A Guide To US Regulating Bodies

On May 22, 2018  the US Commodity Futures Trading Commission (CFTC) issued an advisory statement for listing virtual currency derivative products. The statement is aimed at providing clarity for exchanges and clearing houses. Previously this week, major US cryptocurrency exchange and wallet Coinbase spoke to regulators about obtaining a federal banking charter. Those events came in the midst of […]

What to Expect When Congress Talks Blockchain Tomorrow

What to Expect When Congress Talks Blockchain Tomorrow

A pair of Congressional subcommittees will continue their fact-finding mission on blockchain during a hearing tomorrow. Tomorrow’s session will be more narrowly focused compared to a similar hearing held by the House Committee on Science, Space and Technology’s Research and Technology and Oversight Subcommittees in February. While that event cast a broad net – covering blockchain applications […]