Bakkt CEO Kelly Loeffler Targets July for Thrilling Bitcoin Futures Launch

By CCN: It’s finally happening. The Intercontinental Exchange (ICE), the parent company of Bakkt, has officially filed for bitcoin futures approval with the U.S. Commodity Futures Trading Commission (CFTC), according to a blog post this morning by Bakkt CEO Kelly Loeffler. Although the CFTC hasn’t approved the new platform yet, Loeffler seems confident it will, …

India’s Bureaucracy is Sending Local Bitcoin Industry into a Sh**hole

What would you call an organization that is sitting atop a game-changing regulatory framework for more than a year but couldn’t submit a single proposal nevertheless? Incompetent, perhaps. It is precisely what the Interministerial Committee (IMC) has become: an incompetent group of administrators and ministers that cannot decide what it wants to do with new …

VanEck Unfazed by Shutdown’s Impact on Bitcoin ETF Application

VanEck isn’t fazed by the government shutdown, which some have feared could throw a wrench into the bitcoin ETF approval process. | Source: Shutterstock By CCN.com: Investment manager VanEck remains confident about its bitcoin ETF application, despite the US government shutdown. Why? Because the firm believes it has laid a robust foundation for the VanEck/SolidX Bitcoin ETF …

US Gov’t to Provide Regulatory Clarity on Crypto, Could Tokens Recover?

Token Taxonomy Act to eliminate cryptos and initial coin offering (ICO) tokens from the scope of the U.S. Securities and Exchange Commission (SEC), According to a report released by Kate Rooney, a markets reporter at CNBC, two congressmen — Warren Davidson and Darren Soto — are preparing a bipartisan bill to exclude crypto from the …

SEC Chair Jay Clayton’s Mass Crackdown On Crypto Industry Roil GOP Lawmakers

Jay Clayton, the chairman of the US Securities and Exchange Commission, is coming under fire from Republican lawmakers amid growing concerns over his harsh approach to regulatory enforcement — which critics claim strangles the free market and inhibits technological innovation. In 2018, the SEC launched a massive crackdown on the crypto industry, which has been …

Swiss Regulator Imposes 800% Risk Weighting for Bank Crypto Trading

Twitter Facebook LinkedIn The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks dealing in cryptoassets to apply a risk weighting of eight times their market value  when calculating loss-absorbing capital buffers. In a confidential letter seen by swissinfo.ch, the regulator also imposed a 4 percent cap on crypto positions as a percentage of total capital …

Kraken CEO Powell ‘Thanks’ New York AG For Its Crypto Research

Jesse Powell, CEO of Kraken, doesn’t like the way the New York State cryptocurrency regulators have treated him, but he doesn’t think their research is without its merits. After calling the regulators abusive in an earlier tweet today, he followed up by tweeting that the agency’s research in a recently released report has saved his …

China Prepares to Limit Bitcoin Miners’ Power Usage: Report

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The People’s Bank of China (PBOC) has reportedly claimed it can pressure local governments in the country to regulate bitcoin miners’ power usage. Reuters is reporting that China’s central bank has told members of the Leading Group of Beijing Internet Financial Risks …

China May Limit Bitcoin Mining, Reducing the Industry’s Geo Centralization

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. China’s central bank has reportedly told a prominent government internet finance group that while it does not have the authority to regulate bitcoin mining directly, it can instruct local governments to implement regulations that cause bitcoin mining to become less profitable. China’s …