Investorideas.com breaking Bitcoin, blockchain and crypto stock news

Thursday, August 1, 2019

#CryptoCorner: CFTC Contradicts LedgerX BTC Futures Approval Claim, ICE CEO: Bakkt to Launch Soon, Gibraltar Licenses #Crypto Derivatives Trader and UAE to Launch #Blockchain Consortium for Businesses


#CryptoCorner: CFTC Contradicts LedgerX BTC Futures Approval Claim, ICE CEO: Bakkt to Launch Soon, Gibraltar Licenses #Crypto Derivatives Trader and UAE to Launch #Blockchain Consortium for Businesses



Point Roberts WA, Delta BC -August 1, 2019 -  Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s  (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.




Subscribe to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml

August 1 Crypto Corner

Stocks discussed: (NYSE:ICE)

CoinDesk reports that the U.S. Commodities Futures Trading Commission (CFTC) has contradicted recent claims from crypto exchange LedgerX that the latter had received approval to offer physically settled bitcoin (BTC) futures. Ledger X had announced the launch of the first physically-settled bitcoin futures contracts in the U.S. on Wednesday, but the CFTC claims the futures had “not yet been approved by the Commission”. While other bitcoin futures contracts exist, LedgerX is the first company to offer physically settled futures – which is to say, customers receive actual bitcoin when the contracts expire, as opposed to a cash equivalent. An advantage of this approach is that customers won’t have to wait on banks for settlements to transact in fiat currencies. LedgerX CEO Paul Chou told CoinDesk:

“As a digital commodity, bitcoin trades 24/7/365 and our customers expect that from us, so if you trade Sunday night, the banking system did not have to be open.”

Another bitcoin futures platform, Bakkt, is set to launch soon, also reported by CoinDesk. During a quarterly earnings call, Intercontinental Exchange (NYSE:ICE) CEO Jeff Sprecher said Bakkt (of which ICE is a parent firm) is “working to develop a regulated ecosystem that services the evolving needs of [participants] around the world”, and that “subject to final regulatory approvals, we plan to launch our physically settled bitcoin futures in the very near future.”

Elsewhere, crypto derivatives trader Quedex has been granted a Distributed Ledger Technology (DLT) Providers license by the Gibraltar Financial Services Commission (GFSC), according to a company blog post yesterday. According to the post, Quedex offers users “the opportunity to trade in futures and options contracts on crypto assets on a fully-fledged, transparent and secure financial platform”. Gibraltar’s Minister for Commerce, Albert Isola MP, commented:

“From early on in the process Quedex has shown admirable commitment to Gibraltar’s principles-based approach to regulation and I am pleased that they will join the growing group of licensed firms operating from Gibraltar in this evolving space. They form part of a strong line up of DLT licensed companies who will help further develop crypto into a maturing and sustainable industry and demonstrate that Gibraltar is leading the way in this industry.”

And over in the United Arab Emirates (UAE) it was reported in local outlet Emirates News Agency yesterday that the Dubai International Financial Centre (DIFC), along with Mashreq Bank will launch the region’s first KYC-based blockchain consortium for businesses. Arif Amiri, CEO of the DIFC Authority, said:

"This initiative provides a unique opportunity to harness innovative technology to deliver a seamless experience for both newly established and existing companies at the centre."

Sam Mowers, Investorideas

Read other editions of the  Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:


Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations.  https://www.fliptopay.com/






More info on the sector:
Investor Ideas is positioning as a  leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip. More info: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Learn more about our news, PR and social media services at Investorideas.com

Follow us on Twitter https://twitter.com/Investorideas

Contact Investorideas.com
800-665-0411




Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories 






No comments:

Post a Comment

Coinbase Retail Participation Is Down 68% In Quarter 2 of 2022

Coinbase Retail Participation Is Down 68% In Quarter 2 of 2022