Posts written by Thom Thompson

Bitmain

Bitmain

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. 

FIA Boca-V: Acting Chairman Behnam Looks For Expedience and Patience in CFTC’s Climate Change Response

FIA Boca-V: Acting Chairman Behnam Looks For Expedience and Patience in CFTC’s Climate Change Response

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. 

FIA Boca-V: Eurex To List Futures Tied to German Bitcoin ETN

FIA Boca-V: Eurex To List Futures Tied to German Bitcoin ETN

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. 

Coinbase

Coinbase

With the date of its direct listing on Nasdaq still ahead of it and the publication of its draft prospectus behind it, Coinbase today registered almost 115 million shares to be included in the sale.

Ledger

Ledger

Known for its popular hardware wallets, Ledger is doubling the size of its team working on its institutional offering, the multicurrency custody software called Vault. 

OSL

OSL

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.

CFTC

CFTC

The CFTC reportedly is investigating Binance for allowing U.S. residents to access cryptocurrency derivatives trading on its platform. Binance says its controls prevent that from happening.

CrossTower

CrossTower

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.

PayPal

PayPal

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.

John McAfee

John McAfee

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.

BitGo

BitGo

Six months after applying for a custodian license in New York, BitGo New York Trust is now able to hold cryptocurrency in custody for New York businesses.

ETF

ETF

Yesterday a bitcoin ETF was formally submitted by Cboe to the SEC for approval yesterday, starting a 45-day approval/disapproval clock for potentially the first American bitcoin ETF. 

Thom Thompson

Thom Thompson

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Thom Thompson is a derivatives specialist who has worked in product design, business development and regulatory roles for the CFTC, the Chicago Board of TradeThe Clearing CorporationSwiss ExchangeEurex and Eurex Clearing.

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