Archive | commodities

India’s Cryptocurrency Banking Ban May Be a Bust

After much waiting and speculation on the July 5 deadline, India may forgo banning investment in cryptocurrency after all. Indian Ban May Be a Bust The three-month time span from the Reserve Bank of India’s initial announcement that all RBI regulated entities must cease any crypto related activities, including both individuals and firms, was filled with speculation… […]

Bitcoin’s Near Term Fortunes: “Inflows of Big Money,” New Indices Emerge

When Fundstrat Global speaks, the crypto world listens. In recent months it has been a steady font of good news for the ecosystem, with five figure price calls to predicting a very bright future, a crypto future. Resident guru Thomas Lee more-or-less foretold the current after tax season spike in prices when many others were […]

Secretive High-Tech Wall Street Trading Firm is Now Trading Bitcoin

This week Jane Street Capital a global proprietary trading firm has announced it has been trading BTC these days. Often referred to as one of Wall Street’s most secretive investment companies, Jane Street says if cryptocurrencies continue to rise they expect to be involved. Also read: Championing Decentralized Exchanges, Now Might Be the Perfect Time […]

US Judge Rules Cryptocurrencies are Commodities

U.S. District Judge Jack Weinstein in Brooklyn ruled that the Commodity Futures Trading Commission (CFTC) has standing to regulate cryptocurrencies as commodities. The financial watchdog first determined that virtual currencies are commodities in 2015. Cryptocurrencies are commodities The ruling gives the CFTC the needed authority to bring a fraud lawsuit against Patrick McDonnell, a New York resident charged […]

Blockchain Disruption Is Set to Affect Global Food Supply and Raw Material Distribution

Food and raw materials are among the most important commodities that are necessary for the continued existence of humankind. These commodities also represent a huge aspect of the entire commodities market which trades an average volume of about 2 Trillion USD per annum. The limits of a centralized market In the traditional markets, commodities are […]

Marco Santori – Bitcoin Law In The U.S., Part I

Marco Santori – Bitcoin Law In The U.S., Part I: Marco Santori, Chairman of Bitcoin Foundation (@BTCFoundation)’s Regulatory Affairs Committee, gives a basic primer on the state of US law as it applies to digital currency entrepreneurs.  Excerpts of the post on Coindesk: “If the last few months have taught us anything, it is that there […]