Bakkt raises $182.5 million in their first funding round – Bitcoin futures still awaits “green signal” from CFTC

Intercontinental Exchange’s Bakkt (New York Exchange’s parent company) has made a huge announcement on New Year’s eve. The CEO of Bakkt, Kelly Loeffler stated on her official medium blog that Bakkt has successfully completed its first funding round. The firms that invested are hailed to be prominent players in both the […]

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Ethereum Community Educates The CFTC

Yesterday, the CFTC asked for information to help it understand Ethereum. The community has been quick to respond. On December 11, the Commodity Futures Trading Commission (CFTC) published a Request for Input (RFI) seeking comments on the “underlying technology, opportunities, risks, mechanics, use cases, and markets” associated with Ether and […]

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US Law Professor: Confusing Cryptocurrency Regulations Will Hamper Innovation

Carol Goforth is a professor at the University of Arkansas School of Law. She recently published a paper about the consequences of having cryptocurrency regulations fall under a number of conflicting laws, defined by various U.S. authorities, all at the same time. Also Read: IRS to Face Record Number of […]

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US CFTC Chairman: DLT Can Help Regulators Better Oversee Markets

The U.S. Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo said in a speech Nov. 7, that technological advances, including Distributed Ledger Technology (DLT), could help regulators better oversee trading markets. Giancarlo delivered his speech titled “Quantitative Regulation:  Effective Market Regulation in a Digital Era” at the FinTech Week conference […]

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Bakkt Hires Coinbase’s Adam White as Chief Operating Officer

High-ranked official from Coinbase, Adam White, joins Bakkt as the platform’s Chief Operating Officer starting November. Changing Sides Live Bitcoin News reported earlier this month that Adam White, Head of Coinbase’s Institutional Platform Group, was leaving the organization. The largest US-based cryptocurrency exchange has replaced him with Jonathan Kellner – […]

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CFTC Reveals That The Federal Court Classifies Virtual Currencies As Commodities, Not Securities

The Commodity Futures Trading Commission (CFTC) brings a massive announcement for the cryptosphere. The Federal Court decided that digital currencies are commodities. The Court also denied defendants’ motion to dismiss in the commodity fraud case that involves the virtual coin My Big Coin. Back on September 26, Senior Judge Rya […]

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'Nothing At All' Going on With Crypto Regulation, Says D.C. Insider

Despite the growing importance of the cryptocurrency industry, the US government’s position on crypto regulation remains frustratingly opaque. According to a D.C. insider, a movement towards real regulation or greater regulatory guidance is still quite far away. Regulatory Uncertain Questions about how the government intends to regulate the crypto industry […]

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