Author: Nikhilesh De

Bakkt in Discussions to Offer Cash-Settled Bitcoin Futures in Singapore – CoinDesk

CoinDesk

Bitcoin futures market Bakkt intends to expand from its current physically-settled offerings to cash-settled futures before 2020. Bakkt COO Adam White announced Tuesday during CoinDesk’s Invest: NYC conference that the Intercontinental Exchange (ICE) subsidiary is working on adding the product. Read More

Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients – CoinDesk

CoinDesk

Bakkt is ready to store customers’ bitcoin. Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers for “Bakkt Warehouse,” with other “marquee firms” Read More

Investor Lawsuit Argues Ripple Still Has to Answer Over Ongoing XRP Sales – CoinDesk

CoinDesk

Ripple’s argument that an XRP holder waited too long to file suit has no precedent, a new legal filing claims. Bradley Sostack, the plaintiff in a putative class-action lawsuit, said Ripple’s statute of repose – a three-year period where victims can claim Read More

CFTC Makes Its Fintech, Blockchain Research Lab a Full-Fledged Office – CoinDesk

CoinDesk

The U.S. Commodity Futures Trading Commission (CFTC) is upgrading its financial technology research wing, LabCFTC. The derivatives regulator announced Thursday that LabCFTC would become its own independent office within the CFTC, reporting directly to the agency’s chairman, Heath Tarbert. The group Read More

Zuckerberg: Facebook Would Quit Libra if the Association Launched Prematurely – CoinDesk

CoinDesk

WASHINGTON – Facebook CEO Mark Zuckerberg told lawmakers that the company would pull out of the Libra Association in the event the consortium launched its proposed cryptocurrency without all needed regulatory approvals. In a hearing of the House Financial Services Read More

Circle to Spin Out Poloniex Less Than 2 Years After $400 Million Takeover – CoinDesk

CoinDesk

Crypto exchange Poloniex is spinning out from its parent firm Circle, the companies announced Friday. According to a pair of blog posts, Poloniex will now become Polo Digital Assets, Ltd., an “independent international company” backed by an unnamed Asian investment Read More

SEC Restarts Clock on Proposed ‘Bitcoin and T-Bills’ ETF – CoinDesk

CoinDesk

The U.S. Securities and Exchange Commission (SEC) is again soliciting comments on a proposed exchange-traded fund (ETF) based around bitcoin and Treasury bonds. According to a public filing published Tuesday, investment management firm Wilshire Phoenix and NYSE Arca filed an Read More

Visa, Mastercard, eBay, Stripe Follow PayPal in Quitting Facebook’s Libra Project – CoinDesk

CoinDesk

UPDATE (Oct. 11, 2019, 20:40 UTC): Mastercard and Visa have also confirmed they will not be joining the Libra Association. Mastercard, Visa, digital auction company eBay and payments firm Stripe have all pulled out of the Facebook-led Libra Association. The Financial Read More

New Coinbase Pro Mobile App Caters to Crypto Power Users – CoinDesk

CoinDesk

Coinbase is building a new mobile app for clients of its professional trading platform. The U.S.-based crypto exchange announced the new product Thursday, claiming the app would provide Coinbase Pro customers with a more efficient mobile trading experience Mobile trading Read More

PayPal Withdraws From Facebook-Led Libra Crypto Project – CoinDesk

CoinDesk

PayPal has withdrawn from the Libra Association, the company announced Friday. A PayPal spokesperson told CoinDesk in a statement that the payments firm “made the decision to forgo further participation” in the Facebook-initiated crypto project, to instead “continue to focus Read More

EOS Maker Block.One Settles With SEC Over Unregistered Securities Sale – CoinDesk

CoinDesk

EOS maker Block.One must pay $24 million in penalties for conducting an unregistered securities sale, the U.S. Securities and Exchange Commission (SEC) announced Monday evening. The SEC said in a press release that Block.One “raised the equivalent of several billion Read More

LedgerX Claims ‘Personal Animus’ Drove Ex-CFTC Chair to Stall Approvals – CoinDesk

CoinDesk

LedgerX executives claim the U.S. Commodity Futures Trading Commission (CFTC) is treating them unfairly – because of a blog post. According to two letters obtained by CoinDesk via a Freedom of Information Act (FOIA) request, LedgerX believes former CFTC Chairman Read More

NBA Says Basketball Player Can’t Tokenize His Contract After All – CoinDesk

CoinDesk

Spencer Dinwiddie took a shot at tokenization, but the National Basketball Association blocked him. The NBA said Friday that Dinwiddie’s plan to pledge part of his contract earnings for a security token offering violates the league’s collective bargaining agreement, according to the New Read More

Spencer Dinwiddie Could Decentralize Pro Sports – If Accredited Investors Want In – CoinDesk

CoinDesk

Accredited investors can soon indulge their hoop dreams. In partnership with crypto firm Paxos, NBA guard Spencer Dinwiddie is looking to raise $13.5 million by tokenizing the first year of his three-year, $34.5 million contract. Dubbed the DREAM Fan Shares Read More

SEC Delays Decision on Wilshire Phoenix Bitcoin ETF Proposal – CoinDesk

CoinDesk

The U.S. Securities and Exchange Commission (SEC) has begun proceedings to determine whether it should approve a proposed bitcoin exchange-traded fund (ETF). According to a public filing published Tuesday, the SEC has begun evaluating the proposed rule change to allow Read More