CFTC May Approve Ethereum Futures

As reported by CoinDesk, this decision will consolidate the jurisdiction of the department over the ETH markets, since now it is limited to compulsory tools
06 May 2019   181

The US Commodity Futures Trading Commission (CFTC) is ready to approve the launch of Ethereum futures, if requested. It is reported by CoinDesk, citing a senior official of the department.

This decision will consolidate the jurisdiction of the department over the Ethereum markets, since at the moment it is limited to compulsory tools. At the same time, the launch of non-deliverable futures will allow institutional players to safely interact with the second largest capitalization cryptocurrency in a strictly regulated environment.

According to market participants, the green light from the CFTC may in the long run have a positive impact on the approval process of cryptocurrency ETFs by the US Securities and Exchange Commission (SEC), and also strengthen retail investor confidence in the future.

In mid-December last year, the CFTC requested public comments on Ethereum technology and its applications. The Commission explained its interest by the need to develop regulatory standards for ETH and related markets.

As a result, the Commission received 35 responses from various organizations, companies and individuals, including the Coin Center, Blockchain LLC, Circle, Coinbase, ErisX and Craig Wright.

Ethereum 2.0 Phase 0 Testnet to be Launched

Coin transfer option is not available to users, there are no smart contracts and functionality associated with the Ethereum virtual machine
08 May 2019   241

Prysmatic Labs has launched a test network for Ethereum 2.0 based on the Casper PoS protocol with staking support. The developers implemented the fourth version of the specifications for the main chain from the Ethereum Research team.

So, in order to run the validating node, you need to install the Prysm client, which is the only one for this network, and create a steak by sending Goerli testnet coins (3.2 ETH) to the new network.

Note that at the moment a limited number of validators can participate in the network. Also, the coin transfer option is not available to users, there are no smart contracts and functionality associated with the Ethereum virtual machine.

Earlier Buterin announced the Ethereum 2.0 or Serenity. This upgrade involves a transition to the Proof-Of-Stake (Casper) algorithm, the implementation of sharding (multiple parallel chains connected to the main one, for executing various smart contracts and ensuring decentralized applications), updating the virtual machine (EWASM), changing the cross-contract logic and economics of the protocol.