Institutional Investment in Bitcoin Futures Drops as Price Settles: CFTC

The overall institutional investment in Bitcoin (BTC) futures on the Chicago Mercantile Exchange (CME) decreased this past week, according to data published by the United States Commodity Futures Trading Commission (CFTC) on April 9.The data shows that as of April 9, institutional investors and asset managers had 244 open long positions, a decrease of 71…

Wyoming Lawmakers Pass Three Bills in Boost for State’s Crypto Industry

news The U.S. state of Wyoming has passed several bills aimed to make the state a top destination for cryptocurrency and blockchain businesses. The Wyoming House of Representatives approved bill SF0125 last week, which recognizes digital assets as property and clears the way for banks to act as crypto custodians. The bill passed a House vote 54-2 and…

Oceans Apart: Crypto Regulation in the US and EU

feature Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. ————————–————————–————————–————————–————————–————————– Spare a thought for the financial regulators: the American ones, with no paycheck…

Judge Orders Trading Firm, CEO to Pay $2.5 Million in Bitcoin Ponzi Case

The Commodity Futures Trading Commission has won a legal battle against a New York resident and his company for running a Ponzi scheme centered around bitcoin. Between 2014 and early 2016, Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman ran a scheme wherein they successfully solicited $600,000 from 80 customers, claiming that customers would earn…

Ohio Becomes Latest US State to Legally Recognize Blockchain Data

NEWS Aug 7, 2018 at 09:30 UTC  |  Updated  Aug 7, 2018 at 10:42 UTC Ohio has become the latest U.S. state to legally recognize data stored and transacted on a blockchain. The news comes after lawmakers from the state introduced a bill in May that sought to treat blockchain data and smart contracts as electronic records…