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   455

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.

SK Group to Invest $10M in ConsenSys

SK Group chairman and the 3rd most wealthy man in country believes digital technologies will play an important role in the further development of the company
03 July 2019   294

SK Group has invested $ 10 million in leading Ethereum-based solutions developer ConsenSys. This is reported by the local news agency Chosun.

As noted, in his today's speech at the technology event in Seoul, the chairman of the board of SK Group and the owner of the third largest fortune ($ 3.4 billion) in South Korea Chey Tae-won expressed his interest in the blockchain technology and the tokenized economy, expressing also the opinion about the need for digitalization of approaches practiced by traditional businesses.

According to him, digital technologies will play an important role in the further development of the SK Group.

It is also reported that in February of this year, the telecommunications division of the conglomerate SK Telecom entered into a partnership agreement with Deutsche Telekom to create a blockchain solution for customer identification.

In April of this year, the media passed information that ConsenSys is going to attract $ 200 million in funding from outside investors with a market valuation of $ 1 billion. To this end, the company began distributing presentation materials to Chinese investors. They say that ConsenSys expects to receive $ 50 million in revenue this year, mainly due to contracts with corporate clients and government agencies.