CBOE: Bitcoin ETFs will appear soon

Chris Concannon, president of the Chicago Board Options Exchange expressed confidence that soon there will be Bitcoin-based exchange-traded funds (ETF)
08 November 2017   77265

President of the Chicago Board Options Exchange (CBOE) Chris Concannon in an interview with Bloomberg expressed confidence that soon the financial market will have Bitcoin-based exchange-traded funds (ETF).

In general, as the CBOE head admitted, he believes in the development of the crypto-currency market and considers bitcoin a new class of asset.

With regulated futures of a certain asset class like a bitcoin, you do have an opportunity to introduce ETFs and over time we do envision ETFs coming to market.
 

Chris Concannon

President, CBOE

This summer, CBOE has entered into a partnership with the Gemini Winklewos Brothers Exchange; by the end of this year the exchange plans to launch a trade in crypto-currency derivatives. Like the CME Group, the Chicago Board Options Exchange is currently awaiting appropriate approval from the financial regulator. 

 

Lightning Labs to Raise $10M

As reported, the raised funds will be allocated to enforce the team with developers and commercial speciaslists
06 February 2020   320

Lightning Labs attracted $ 10 million investment during the A-series financing round, and also introduced a beta version of its payment service for outlets that work with bitcoin.

If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer. Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.

 

Brian Murray

Managing Director at Craft Ventures

With the help of the raised funds, the company intends to hire more developers and commercial specialists, so that it will be able to convey the applied solutions to users. In 2018, Lightning Labs unveiled a beta version of its LND scaling solution and received $ 2.5 million investment from several investors, including Twitter CEO Jack Dorsey and Litecoin creator Charlie Lee.

Now a beta version of the new Lightning Loop service has been launched, with the help of which outlets can more effectively manage payment channels and maintain liquidity in them. Several customers have already become interested in this tool, including the developer of the Fold shopping application, which processed approximately 1,600 transactions through the Lightning Network during the holidays in 2019.

We’re growing fast and Lightning Labs’ loop service makes it simple to manage our lightning node’s liquidity, letting our team focus on building out great user experiences that bring lightning to the world.

 

Will Reeves

Fold

According to Lightning Labs, this year the company will be developing tools for working with larger payment channels. We are talking about both individual channels, which individually can hold more than $ 1,500, and multidirectional ones, which break down payments into smaller parts.