Posts written by Thom Thompson

Vitalik Buterin

Vitalik Buterin

Buterin, one of the co-founders of Ethereum, donated $600,000 to an industry-run campaign for vaccinations and medical relief for COVID-hit India. 

Tokenization

Tokenization

Tokenization of equities, like Binance’s Tesla and Coinbase stock tokens, reportedly has come under governmental scrutiny from Hong Kong to Germany to the United Kingdom. They are not offered in the United States. 

Cunningham Commodities to Tie Up With UK CFD Platform 

Cunningham Commodities to Tie Up With UK CFD Platform 

Cunningham Commodities, LLC, the registered futures commission merchant, and Cunningham Trading Systems, LLC have agreed to a combine with Plus500, according to a press release from Plus500, a British platform for trading contracts for difference (CFDs). 

Lightning network

Lightning network

The Lightning network, a layer 2 solution that speeds bitcoin transfers, can now be used for transactions involving OKEx, a major cryptocurrency trading platform.

Brian Armstrong

Brian Armstrong

Brian Armstrong sold 749,999 shares of Coinbase, which he founded and still leads, on the first day of trading in the company’s stock last week. He made $291.8 million selling 1.5% of his holdings.

ETF

ETF

A new VanEck ETF, the Digital Transformation ETF, launched yesterday to address investor interest in cryptocurrency infrastructure companies like Coinbase, which also launched on Nasdaq on Wednesday. 

Ripple

Ripple

Ripple won yesterday when a federal judge quashed SEC’s subpoena for years of executives’ financial records. The agency is suing Ripple for issuing unregistered securities.

Robinhood

Robinhood

Online broker Robinhood said Thursday that it had 9.5 million customers trading cryptocurrency in the first quarter of this year. This is 3.4 million more than its competitor Coinbase.

Riot Blockchain

Riot Blockchain

In a $651 million deal, publicly traded Riot Blockchain will acquire Whinstone US. Riot will take over Whinstone’s bitcoin mining facility in Rockdale, Texas, perhaps the largest in the U.S. 

Paxos

Paxos

Paxos Digital Trust announced today that Instinet and Credit Suisse had settled post-11 a.m. equity transactions via its T+0 (same day) settlement system. Paxos said it plans to apply to the SEC this year to offer the service publicly. 

Bnance

Bnance

Cryptocurrency derivatives market Binance Futures, which is not available to U.S. customers, has reached $10 billion in open interest. Volume growth on the platform is being driven by retail interest. 

Kraken

Kraken

U.S.-based cryptocurrency trading platform Kraken is being targeted by the IRS in a “John Doe” petition seeking the identities of account holders with more than $20K in their Kraken accounts. 

Let’s Go Get High On Hemp! 

Let’s Go Get High On Hemp! 

Will transforming hemp-based CBD into mildly psychoaffective Delta-8 THC save industrial hemp production? It’s complicated. 

The common wisdom is that a person does not get high smoking industrial hemp leaves, stems or flowers. We have been following news reports, including those from PanXchange’s monthly benchmark reports, about the growing interest in smokable hemp flower.

USDC

USDC

Starting later this year, the U.S. Dollar Coin (USDC) stablecoin will begin being used by credit card issuer VISA to settle some payments with partners. Almost $11 billion USDC are in circulation. 

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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