Coinbase and Software Company to Launch BTC Futures Trading

Coinbase cryptoexchange partnered with Trading Technologies International to make cryptocurrency investing more attractive and easy for financial services firms
25 January 2018   295

Trading Technologies International Inc. develops and delivers professional trading software platforms for proprietary traders, brokers, money managers, CTAs, hedge funds, and commercial hedgers and risk managers worldwide, and, moreover, offers access to exchanges and liquidity platforms.

On January 25 the company announced partnership with San Francisco-based cryptocurrency exchange Coinbase. The companies plan to trade futures and spot Bitcoin side-by-side starting from March 1 of 2018.

Chief executive of Trading Technologies International stated that having Bitcoin futures and spot Bitcoin on one platform should lead to a significant growth in the muted futures market as well as in spot Bitcoin, and it is better if traders see Bitcoin on a familiar platform like TT.

Previously, we have reported that Coinbase stopped accepting deposits from Nationwide bank, and that businessman and Bitcoin enthusiast Albert Renshaw discovered evidence of insider trading at Coinbase on the day of listing Bitcoin Cash (BCH).

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   78

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.