Shark Tank’s Kevin O’Leary has said that he believes bitcoin to be a useless currency due to problems associated with its volatility. Shark Tank’s Kevin O’Leary said that he believes bitcoin (BTC) to be garbage during an interview with finance news outlet CNBC published on May 14. O’Leary founded SoftKey, a company that Owler estimates […]
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Algorithmic cryptocurrency trading firm GSR announced the launch of a new bitcoin halo option derivative. Algorithmic cryptocurrency trading firm GSR announced the launch of a new bitcoin (BTC) halo option derivative in a Medium post published on May 13. Per the announcement, the new derivative is an option on the value of a trading account. […]
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Bitcoin’s intense price gains have sparked frenzied activity for CME’s product, which set a previous high last month. CME Group reported record volume for its bitcoin (BTC) futures on May 13 as the cryptocurrency’s surprise bull market continued. CME, which together with the Chicago Board Options Exchange (CBOE) became the first provider of bitcoin futures […]
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Bakkt is pursuing self-certification as a licensed bitcoin custodian, as it looks to obtain CFTC approval for the launch of its physically backed BTC futures contracts. The Intercontinental Exchange (ICE) is reportedly taking steps to ensure approval from the United States Commodity Futures Trading Commission (CFTC) for its bitcoin futures contracts platform — Bakkt. ICE, […]
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ErisX’s spot market could increase institutional participation — as well as regulatory oversight. United States-based cryptocurrency exchange ErisX recently announced the public launch of its spot market trading, a move that takes the company a step closer to its goal of being a one-stop shop for the trading of spot and futures contracts in a […]
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The unnamed source hinted the regulator was not averse to the concept, 18 months on from bitcoin futures approval. United States regulator the Commodity Futures Trading Commission (CFTC) is open to the idea of ether (ETH) futures trading, cryptocurrency industry news outlet CoinDesk reported on May 6. The publication quoted an unnamed official, who appeared […]
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In a few hours, the price of bitcoin surged past $5,700 with a 5% gain, allowing the crypto market to add $7 billion overnight. Over several hours on May 3, the price of bitcoin spiked from around $5,300 to over $5,700 in major markets, allowing the crypto market to gain more than $7 billion in […]
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CME Group has reported a net income of $497 million for the first quarter, compared with $599 million this time last year. United States derivative market CME Group has reported a 17% fall in net income for the first quarter, according to a news release on May 1. Despite revenues rising over the three-month period, earnings stood […]
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Bart Chilton, a former commissioner of the CFTC, has died at the age of 58. Last weekend, Bart Chilton, a former commissioner of the United States Commodity Futures Trading Commission (CFTC) and early advocate for cryptocurrency regulation, died at the age of 58. Apart from his work for the regulator, he was best known as […]
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Major United States-based cryptocurrency exchange Coinbase shut down its Chicago office and scaled down the development of its matching engine. Major United States-based cryptocurrency exchange Coinbase shut down its Chicago office and scaled down the development of its matching engine, Fortune reports on April 23. Per the report, the exchange will consolidate the high-frequency trading […]
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