Search Results for: Physical

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

The United States Commodities and Futures Trading Commission (CFTC) confirmed that LedgerX has not yet been approved to offer physically-settled Bitcoin futures in contrary to previous announcements. LedgerX has officially launched their product on July 31, as they revealed to CoinDesk that they had launched the first physically-settled Bitcoin futures contracts in the U.S, surpassing Intercontinental Exchange’s Bakkt and TD Ameritrade-backed ErisX. CEO of LedgerX, … Continue reading LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

US CFTC Reaches Clarity on Interpretive Guidance on the Physical Delivery of Traded Cryptocurrency

The US Commodity Futures Trading Commission (CFTC) announced that the Commission has voted unanimously and has clarified the guidance on the question of the physical delivery of digital assets.  This move comes as CFTC Chairman Heath P. Tarbert said, “providing clarity to market participants is one of the CFTC’s core values. Tarbert believes that new … Continue reading US CFTC Reaches Clarity on Interpretive Guidance on the Physical Delivery of Traded Cryptocurrency

Binance Launches New Virtual Crypto Debit Card Issued by Visa, with Physical Version to be Rolled Out Shortly

Leading crypto exchange Binance announced the launch of its new product ‘Binance Card’ which aims to provide crypto payment services anywhere in the world. “The Binance Card does everything a regular payment card does, plus much more. It works like a regular debit card issued by your bank – which, in this case, is your Binance.com account. You simply top-up your card … Continue reading Binance Launches New Virtual Crypto Debit Card Issued by Visa, with Physical Version to be Rolled Out Shortly

The End of Physical Cash is an Inevitable Reality and Not to be Feared Says Union Bank President

The Chief Executive and President of UnionBank of the Philippines, Edwin Bautista, has predicted that the coronavirus pandemic will drive banks to fast track the shift toward digital currencies, therefore abandoning the use of physical money. Bautista said that the outbreak has caused rising demand for online banking services, thus pushing banks to rethink and … Continue reading The End of Physical Cash is an Inevitable Reality and Not to be Feared Says Union Bank President

Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency

Visa applied for a new patent application to create a blockchain-based digital currency on a centralized computer, according to a publication by the US Patent and Trademark Office (USPTO). The patent was originally filed in November 2019, and was described as “Digital Fiat Currency.” The US dollar was mentioned as one of the fiat currencies … Continue reading Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency

US-Based Invesco Investment Firm Launches Physical Bitcoin ETP In Europe

Invesco investment management firm is moving into the crypto Exchange-Traded Product (ETP) space with its launch of a physical bitcoin exchange-traded product in Europe. This comes after the investment company dropped a filing for a Bitcoin futures Exchange-Traded Fund (ETF) in the US.  Deutsche Börse, a German company providing marketplace organizing for the trading of … Continue reading US-Based Invesco Investment Firm Launches Physical Bitcoin ETP In Europe

SEC Rejects Application for Physical Bitcoin ETF from Ark 21Shares

The United States Securities and Exchange Commission (SEC) has once again rejected a proposal for a physical Bitcoin exchange-traded fund (ETF) filed by Ark 21Shares which is run by Investment superstar Cathie Wood. According to a filing last Thursday, SEC rejected an ARK 21Shares Bitcoin ETF application, citing a lack of investor protections. The ARK … Continue reading SEC Rejects Application for Physical Bitcoin ETF from Ark 21Shares

Crypto Crime in London Now Goes Physical as Thieves Targets Investor's Gadgets

There is a new wave of crime in the city of London that is targeting investors in the digital currency ecosystem. According to confidential police reports obtained by The Guardian, there has been a series of “Crypto Muggings” in the city in which thieves combine physical muscle with digital know-how to rob people of their … Continue reading Crypto Crime in London Now Goes Physical as Thieves Targets Investor's Gadgets

New Crypto Fund Could Promote Release of Physically Backed US BTC ETF: Bloomberg

The launch of a new futures-backed product could potentially back the release of handouts for a physically-backed US Bitcoin exchange-traded fund, according to a Bloomberg report. The Hashdex Bitcoin Futures ETF (ticker DEFI) was filed under the Securities Act of 1933, rather than the Investment Company Act of 1940 – which is unlike existing derivatives-backed … Continue reading New Crypto Fund Could Promote Release of Physically Backed US BTC ETF: Bloomberg

21Shares Debuts First Physically-Backed Bitcoin ETP on Nasdaq Dubai

21Shares, a preeminent issuer of cryptocurrency exchange-traded products (ETPs), has announced the launch of its first physically-backed Bitcoin ETP in the Middle East. The Middle East gets a physically-backed Bitcoin exchange-traded product following 21Shares Bitcoin ETP listing on Nasdaq Dubai. With the physical back of Bitcoin ETP, meaning it’s endorsed by the underlying Bitcoin assets, … Continue reading 21Shares Debuts First Physically-Backed Bitcoin ETP on Nasdaq Dubai

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