Bitcoin 

No Plans for Physically Settled BTC Contracts Currently

The Chicago Mercantile Exchange (CME) Group has no current plans to launch physically settled Bitcoin (BTC) contracts, a senior executive said. Tim McCourt, global head of equity index and alternative investment products at CME Group, told MarketsMedia on Oct. 1 that all new contracts or products are driven by customer demand. CME’s new options will be settled in BTC futures CME has been trading BTC futures since December 2017 and recently revealed plans to launch options in the first quarter of 2020, pending regulatory review. Its current Bitcoin futures contracts…

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Cryptocurrency 

US Regulator CFTC in Talks With Facebook Over Rumored Crypto Plans

United States regulator the Commodity Futures Trading Commission (CFTC) is in talks with Facebook about its upcoming stablecoin launch, the Financial Times (FT) reported on June 2. Citing chairman J. Christopher Giancarlo, the publication revealed that Facebook is attempting to smooth out the regulatory landscape ahead of the asset, currently dubbed GlobalCoin, allegedly going live next year. “We’re very interested in understanding it better,” the FT quoted Giancarlo as saying, himself adding that at present, no formal request for regulatory clearance had appeared. “We can only act on an application,…

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Ethereum 

ТrueDigital Plans to Launch CFTC-Regulated Crypto Derivatives Exchange

New York-based financial technology firm trueDigital Holdings LLC is aiming to acquire the registrations of trueEX LLC in a bid to launch a fully-regulated crypto derivatives exchange, according to a press release published on July 12. Per the release, trueDigital has concluded an agreement in principle to acquire the Designated Contract Market (DCM) and Swaps Execution Facility registrations of United States Commodity Futures Trading Commission (CFTC)-regulated exchange trueEX LLC. The deal thus is subject to CFTC approval. Upon approval, trueDigital will roll out a crypto derivatives exchange fully-regulated by the…

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Bitcoin 

Bitmain IPO Plans May be Rekindled With Crypto Winter’s End

Toward the end of June 2019, news emerged that the mining giant Bitmain might be reviving its initial public offering (IPO) plans. As Bloomberg reports, the China-based cryptocurrency mining hardware producer is allegedly preparing to file documents with the United States Securities and Exchange Commission (SEC) to hold its share sale on U.S. soil. Bitmain — being the largest player in the mining sector — first attempted to go public in the second half of 2018, but soon was heavily damaged by the intensifying crypto bear market. Now that the…

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Bitcoin 

Bitmain Shifting IPO Plans to the US on Growing Bitcoin Optimism

Chinese cryptocurrency mining giant Bitmain is revisiting plans for an initial public offering (IPO,) Bloomberg reported on June 21. The company had filed to list an IPO on the Hong Kong Stock Exchange, but the application expired on March 26. Now, Bitmain is reportedly planning to file listing documents with the United States Security and Exchange Commission, potentially paving the way for a share sale to take place later this year. While the company was hoping to raise $3 billion from its planned Hong Kong IPO, the Bloomberg report suggested that this fundraising target will…

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Bitcoin 

CCN Casts Doubt on Shutdown Plans as Google Appears to Correct Visibility

Cryptocurrency news outlet CCN.com (formerly CryptoCoinsNews) has U-turned on its abrupt decision to shut down, staff confirmed in an article on June 12. CCN, which on Monday published a warning that it would cease operations immediately over an ongoing Google indexing debacle, says it is still working to understand changes in its online visibility. As Cointelegraph reported, an update to Google’s algorithm allegedly produced an instantaneous 70% drop in traffic for CCN, with executives subsequently saying they had no choice but to abandon the project. Now, support from Google has…

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