CFTC Wants to Know More About Ethereum: Are ETH Futures on the Horizon?BTC Casino / 12th December 2018
The United States Commodity Futures Trading Commission (CFTC) wants to know more about other cryptocurrencies apart from Bitcoin, starting with Ethereum. The Commission has issued an official Request for Input (RFI) on the matter.
Your Move Apple: Samsung Galaxy S10 Leak Reveals ‘Keystore’ Crypto Wallet
Thursday January 24, 2019
Korean electronics manufacturer Samsung has appeared to expand its faith in cryptocurrency by adding wallet and storage features for its upcoming Galaxy S10 smartphone. Ex-Central Banker: Manufacturers Risk ‘Falling Behind’ […]
The post Your Move Apple: Samsung Galaxy S10 Leak Reveals ‘Keystore’ Crypto Wallet appeared first on BTC Casino Gambling.
Request for Input: Ethereum
In a press release published on Tuesday (December 11, 2018), the Commission expressed its desire to become better informed about cryptocurrencies other than Bitcoin. According to the press release, the CFTC wants to know more about Ether tokens and the Ethereum network.
A portion of the press release reads:
All comments must be received within 60 days of publication in the Federal Register. The RFI also seeks to understand similarities and distinctions between Ether and Bitcoin, as well as Ether-specific opportunities, challenges, and risks.
As part of the RFI, the CFTC will release questions aimed at understanding the use cases, mechanics, opportunities, risks, as well as, the underlying technology of Ethereum. The Commission also said that the information gathered will be of benefit to the CFTC’s fintech arm – LabCFTC. Members of the public will have 60 days to respond to the RFI.
Tezos Co-Founder Arthur Breitman Dishes on XTZ’s Roller Coaster Ride
Friday November 02, 2018
Arthur Breitman, the shy co-founder of Tezos, talks about the roller coaster ride that he’s been on since the launch of the project. Low Profile Creator Not many within the […]
The post Tezos Co-Founder Arthur Breitman Dishes on XTZ’s Roller Coaster Ride appeared first on BTC Casino Gambling.
ETH Futures on the Horizon?
The RFI lists a total of 25 questions about both Ether and Ethereum. The questions fall under different categories such as custody, governance, technology, etc. Across the various categories, the CFTC appears interested in knowing the similarities and differences between Ethereum and Bitcoin.
Under the “Markets, Oversight, and Regulation” section, the bulk of the questions (17 to 21) covered matters relating to Ether futures. The CFTC appears interested in knowing how the emergence of ETH derivatives would affect the network’s proof-of-work (PoW) consensus model, as well as the risks involved in trading ETH futures.
While this is conjecture, the question could signify that the Commission is looking at approving ETH futures. For the most of 2018, rumors about possible Ether futures have made the rounds within the industry. These rumors became even more intense when the SEC singled out BTC and ETH as not being securities.
‘Do No Harm’ Approach
The RFI is in keeping with the CFTC’s approach to the cryptocurrency industry. Commission Chair – J. Christopher Giancarlo has in the past, expressed positive sentiments towards virtual currencies. Back in September, the CFTC even called for a ‘do no harm’ approach to regulating cryptocurrencies.
While being tolerant, the CFTC hasn’t shied away from prosecuting cases of fraud or malpractice in the market. Recently, the Commission declared its commitment to patrolling the cryptocurrency scene.
What do you think about the CFTC’s drive to expand its understanding of the emerging cryptocurrency landscape? Let us know your thoughts in the comment section below.
How Huobi Surpassed All Crypto Exchanges in Profit: $483M
Thursday January 24, 2019
Popular cryptocurrency exchange Huobi has reportedly succeeded in surpassing Binance and OKEx in terms of profits in 2018. The exchange has made a total of $483 million in commissions. Huobi […]
The post How Huobi Surpassed All Crypto Exchanges in Profit: $483M appeared first on BTC Casino Gambling.
Image courtesy of Shutterstock.
The post CFTC Wants to Know More About Ethereum: Are ETH Futures on the Horizon? appeared first on Bitcoinist.com.