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At press time, bitcoin is trading for roughly $8,350. That’s about $150 less than where the currency stood yesterday. Bitcoin has been marred by ups and downs for the last 1.5 weeks, and it appears they aren’t ceasing anytime soon. Since May 5, bitcoin has been on shaky ground. The currency was originally slated to … Read more
A lot of innovation is taking place in the world of cryptocurrency as of right now. LedgerX, a well-known asset management platform, is the first to offer a Bitcoin savings account to the masses. This venture is fully regulated by the CFTC and will target consumers looking to buy and hold cryptocurrency in a safe … Read more
LedgerX has launched a BTC savings account licensed by the CFTC, which permits users to earn yields with overwrite options Go to Source Powered by WPeMatico
Tempers flared during a cryptocurrency panel hosted at the Milken Institute 21st Global Conference, in Beverly Hills, California with discussions degenerating to profanity as Nouriel Roubini, also known as ‘Dr. Doom,’ described bitcoin’s purported decentralization as “bullshit.” In addition to the comedy of Mr. Roubini, the United States Commodity Futures Trading Commission (CFTC) chairman offered … Read more
The chairman of the United States Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, recently discussed the challenges associated with assessing the regulatory implications of bitcoin and cryptocurrency according to the CFTC’s “decades[-]old” legislative mandate. Also Read: Openbazaar Co-Founder Expresses Frustration Over BTC Fees CFTC Chairman Criticizes 1930’s Legislative Apparatus In a recent interview with CNBC, Mr. … Read more
Bitcoin and many other cryptocurrencies have elements of all asset classes. This makes it very complicated for regulators to come up with a comprehensive regulatory framework for this industry. That’s according to the US Commodity Futures Trading Commission (CFTC) chairman, Chris Giancarlo, in an interview with CNBC. He added that as a regulator, he doubts there will be a solution … Read more
US lawmakers will meet for a hearing on blockchain tech’s potential role in supply chain management and stopping counterfeit goods next week Go to Source Powered by WPeMatico
A few months ago the U.S. Commodity Futures Trading Commission (CFTC) charged a Staten Island-based company called Cabbage Tech with ‘fraud and misappropriation’ of funds based in Bitcoin and Litecoin. According to the CFTC, it revealed it had charged Patrick McDonnell and his company Cabbage Tech for crimes associated with allegedly promising big returns on … Read more
CFTC chairman claims that implementation of comprehensive legislation toward Bitcoin and other cryptocurrencies at a federal level will take time #NEWS Go to Source Powered by WPeMatico
SEC Commissioner says that “down the road” the organization could consider working with ICOs to make them “consistent” with existing securities laws #NEWS Go to Source Powered by WPeMatico
