CME Report: Bitcoin Futures Trading 41 Percent Up from Q3 2018

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The Chicago Mercantile Exchange (CME), one of two major providers of Bitcoin Futures in the U.S., revealed trade volumes increased 41 percent in Q3 2018 with interest rates up by 19 percent. Booming Bitcoin Futures Market While the retail cryptocurrency market has taken a downturn in 2018, the institutional-focussed Bitcoin futures market seems to be…

U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations

U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations

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In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the…

Bitcoin Futures Daily Volume Grows 93%

Bitcoin Futures Daily Volume Grows 93%

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Bitcoin futures have experienced strong growth in the second quarter of 2018, with data released by CME Group demonstrating a 93% increase in average daily volume. Open interest in Bitcoin futures,— the number of Bitcoin futures contracts —has also exceeded 2,400, equating to a 58% increase over Q1 2018. Related:  DOJ Is Investigating Bitcoin Price Manipulation The…

CFTC Commissioner Says We Are Witnessing a ‘Revolution’, Cryptocurrencies Are a ‘Modern Miracle’

CFTC Commissioner Says We Are Witnessing a ‘Revolution’, Cryptocurrencies Are a ‘Modern Miracle’

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US Commodity Futures Trading Commission Commissioner Rostin Behnam labeled cryptocurrencies as a “modern miracle” at a recent summit, sharing a bullish stance on virtual currencies and predicting that blockchain technology will remake economic, social and political structures. US Commodity Futures Trading Commission Commissioner Rostin Behnam Behnam discussed cryptocurrencies at the June 4 BFI Summit “Fostering…

Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws

Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws

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In recent regulatory news, the United States Commodity Futures Trading Commission (CFTC) has rejected a Freedom of Information Act (FOIA) request regarding the subpoenas recently received by Bitfinex and Tether; the United States Securities and Exchanges (SEC) Chairman, Jay Clayton, has indicated that the regulator will not alter existing securities legislation to cater to cryptocurrencies.…

Goldman Sachs to Begin Bitcoin Futures Trading Within Weeks

Goldman Sachs to Begin Bitcoin Futures Trading Within Weeks

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Goldman Sachs is launching a new operation that will use the firm’s own money to trade bitcoin related contracts on behalf of its clients.