Tag: Ether

SEC concerned over ‘Ether is not a security’ statement

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Newly released documents showing edits that were made to a 2018 speech given by former director of the Security and Exchange Commission’s (SEC) corporate finance division Bill Hinman suggest the editors were concerned his statement might undermine the idea that Ether (ETH) is a security.  This could risk locking the agency into a position it would find hard to change at a later date, the SEC comments warn. “Even with the caveats in the sentence, it seems that it would be difficult for the agency to take a different position…

Hinman’s 2018 Speech on Ether Needed More Clarity, SEC Officials Said at the Time, Emails Released by Ripple Show

“As written, the language remains vague as to whether ETH is a security. If you want to make an affirmative statement that it is not a security, the language could be stronger (i.e., just say it). If you don’t want to take an affirmative stance, we suggest using language similar to what you used for Bitcoin re. the disclosure regime to make it more consistent,” wrote former SEC Director of Trading and Markets Brett Redfearn on June 12, 2018. Source

Bitcoin and ether stand ground this week while altcoins tumble on the SEC’s Coinbase crackdown

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It’s “business as usual at Coinbase” while the crypto market waits for the exchange’s legal battle with the SEC to unfold over the coming months, possibly years. This week the Securities and Exchange Commission continued its crackdown on the crypto industry, suing the largest exchange in the world, Binance, on Monday only to go after the largest exchange in the U.S., Coinbase, the following day. The agency alleged Coinbase has been operating as an unregistered exchange, broker and clearing agency, and that its staking program violates securities laws. Coinbase shares…

DeFi Protocol Curve Finance Now Lets Users Mint crvUSD for Staked Ether

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Optimism Says Ether $ETH Now Treated as Native Cryptocurrency Alongside $OP Token

“With Bedrock, we’ve added a new method of making deposits via the new Optimism Portal contract. This approach treats ETH as a native token, so that an L1 to L2 transaction can have both ETH and data associated with it,” said Maurelian. “To achieve this, we needed to decouple the storage of ETH from the rest of the ERC-20 tokens in our bridge, and move it into the Optimism Portal.” Source

Cboe Digital Bags CFTC Approval to Trade Bitcoin and Ether Futures

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The CFTC has officially given Cboe Digital the approval it needs to offer margined futures contracts trading to clients. Cboe Global Markets’ digital asset exchange has received approval to allow users to trade crypto futures contracts. Customers of the Cboe Digital platform will now trade Ether (ETH) and Bitcoin (BTC) futures contracts later this year following the CFTC’s approval for an amended order of registration. The Commodity Futures Trading Commission (CFTC) gave Cboe Digital approval to financially and physically settle margin contracts from the second half of the year. The…

Coinbase proceeds with US bitcoin and ether futures

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amidst growing regulatory challenges in the U.S., Coinbase, a prominent public cryptocurrency exchange, pushes forward with its plans to roll out bitcoin and ether futures contracts targeted at institutional investors. In the midst of increasing regulatory scrutiny in the U.S., leading public cryptocurrency exchange, Coinbase, presses ahead with its introduction of futures contracts. The announcement was made on June 1, stating that bitcoin and ether futures contracts will be available starting June 5 via its derivatives…

Coinbase Derivatives Exchange Launches Bitcoin and Ether Futures

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Coinbase Derivatives Exchange, a derivatives platform linked to its namesake cryptocurrency exchange, will introduce Bitcoin and Ether futures contracts for institutional clients on June 5. Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) futures contracts, sized 1 Bitcoin and 10 Ether per contract, respectively, will be accessible through third-party institutional Futures Commission Merchants (FCMs) and brokers, the company announced on Friday. Coinbase in the announcement said it has witnessed increased demand for futures contracts among investors. Futures contracts are agreements that allow investors to buy or sell an asset at a…