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Tag Archives: Bitcoin (BTC)

CFTC Chairman Confirms That Just Like Bitcoin, Ethereum Is Also a Commodity

According to the latest report from Yahoo Finance, the chairman of the United States Commodities and Futures Trading Commission called Ethereum (ETH) a commodity.Speaking at the Yahoo Finance Summit, CFTC chairperson Heath Tarbet said that the ETH token falls under the regulatory oversight of CFTC. He further added that in the near future, one cannot rule out the possibility of having Ethereum futures in the market. Tarbet said:“We’ve been very clear on bitcoin: bitcoin is a commodity. We...

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Bakkt Set to Beat CME in Bitcoin Options Race as BTC Futures Volume Explodes 800%

The Intercontinental Exchange (ICE) in conjunction with their Bitcoin futures platform Bakkt is reportedly seeking to jump ahead of the CME group to release a Bitcoin options contract. This suggests that it wants to beat its CME rival that is considering a Q1 2020 launch for its Bitcoin option contract.Amsterdam-based Deribit already sells Bitcoin options but they have no standing compared to ICE or CME. Reportedly, BTC options will attract more institutional investors and enhance the...

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Samsung Joins Forces with Ripple’s Partner Finablr to Introduce International Payments

Samsung Electronics America has officially announced that it will collaborate with the fintech firm, Finablr. The partnership aims to launch an international money transfer service that will operate through the Samsung Pay app. The service currently targets US users and Finablr’s subsidiary Travelex powers it.Official information shows that Finablr is a listed partner of Ripple in London. Nonetheless, this deal with Samsung has no involvement from Ripple or XRP. An official announcement...

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Bitcoin Payments in Alipay Banned as the Payments Giant Takes an Anti-Crypto Stance

Alipay has indicated that it will ban Bitcoin transactions and all others related to cryptocurrency payments. In what seems like an extension on the cryptocurrency war that the Chinese government is waging, the electronic payments giant said in a tweet thread that it would terminate all cryptocurrency-related transactions.If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.— Alipay (@Alipay)...

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Bitwise Set to File Another Application for Bitcoin ETF Following SEC Rejection

In a not-too-surprising turn off events, the SEC has rejected the Bitcoin ETF application filed by Bitwise Asset Management and NYSE Arca and stated that there were still too many unresolved issues regarding improper activity such as market manipulation, that could easily take place in the sector.The SEC’s publication is a 112-page document, which goes into specific details of the ETF and why it had chosen not to approve at this time. According to the Commission, the Bitwise and NYSE Arca...

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Bitcoin Price & Technical Analysis: Nothing Prevents BTC From Growing

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Technical analysis of the BTC/USDA massive attack may kill the BTCBitwise is counting on a positive decision of the SEC on the Bitcoin ETFOn W1, the Bitcoin keeps declining inside a correctional channel. The quotations are currently returning to 50.0% Fibo. A breakaway of the resistance level at $9850.00 may signal the end of the correction and the beginning of a new impulse of growth to the maximum of $13857.20, upon...

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Bitstamp Joins Forces with BitGo for Custodial Services for Customer Assets

Bitstamp ranks among the biggest crypto exchanges in Europe. On October 9, the exchange announced that it is enhancing its relationship with digital financial services provider BitGo. The digital asset financial services firm will offer secure storage for cryptocurrency assets under management at the exchange.BitGo is now tapped to offer custodial services to the biggest exchange in Europe by trading volume. Starting on October 10, Bitstamp will give BitGo custody of its clients’ digital...

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Binance Will Support WeChat And Alipay For Bitcoin Purchases

Photo: CoinspeakerRecently, Binance has announced that they will add two more fiat-to-crypto gateways, hence WeChat and Alipay. With this move, citizens of China now will be able to purchase Bitcoin, with these two payment options. Changpeng Zhao, the CEO of Binance, confirmed this news on his Twitter account:YES https://t.co/dnHKQSLvS4— CZ Binance (@cz_binance) October 9, 2019Currently, this initiative is only in the testing phase for Android users, but will eventually come out on iOS as...

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Cryptocurrency Donations Without Limit to Politicians are Now Legal in Japan

In a surprise move that will spur further adoption of cryptocurrencies in Asia and globally, the Japanese can now donate unlimited amounts of cryptocurrencies to politicians and need not disclose this to the authorities. This was made known by Sanae Takaichi in a press conference two days ago. Sources indicate that she said that cryptocurrency donations don’t fall under the purview of the Political Funds Control Law and as such don’t need to be disclosed and can be donated without limit to...

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