With bitcoin priced well above $50K, the market dominating supplier of ASIC (application-specific integrated circuit) miners Bitmain has received an order for 24,000 of its newest model Antminers from The9, an internet gaming company.
In a one-on-one discussion with FIA President Walt Lukken on Thursday, Acting CFTC Rostin Behnam talked about the commission’s new Climate Risk Unit, saying the unit will let the commission pivot its attention away from the broader concerns about the effects of climate change on financial markets raised in last year’s report from the CFTC’s Market Risk Advisory Committee to a focus on derivatives’ role in smoothing the transition to zero carbon emissions by 2050.
Eurex CEO Michael Peters on Wednesday told this year’s FIA Boca-V attendees that Eurex will launch a futures contract on a bitcoin ETN, an instrument that trades on Deutsche Boerse’s Xetra platform. Peters nodded to the example of other Eurex derivatives based on ETNs, mentioning specifically its gold ETN futures, but offering no launch date or other details on the bitcoin product.
After the now-inevitable discussions of the financial industry’s successful taming of the threats presented by first the pandemic and then Brexit, the hour-long session ”The Future of Markets” provided a solid 25 minutes of discussion about a couple of topics likely to affect markets as time goes on: ESG and 24/7 trading.
Cryptocurrency trading platform OSL said today that Hong Kong’s first fully regulated transaction in digital assets took place on its platform. OSL offers services to institutions and professional traders.
In addition to launching a cryptocurrency investment fund at the beginning of the month and hiring additional senior staff, CrossTower says it had record cryptocurrency trading volumes on its platform in February.
Electronic payments provider PayPal, which has seen a rapid rise in cryptocurrency business, announced its acquisition of Curv. The Tel Aviv company offers cloud-based wallets, avoiding hot and cold storage.
Cybersecurity expert John McAfee was charged in the CFTC’s first cryptocurrency manipulation case for pumping and dumping Dogecoin and Verge. Arrested as a fugitive in Spain last year, he also faces federal criminal charges.