Blog Archives

Can bitcoin to provide the next generation of financial services?

Posted on 13th May, 2016

Since the digital currency bitcoin burst in to the scene in 2009, serious skepticism and palpable passion have played equal roles. Bitcoin and blockchain regulation has been a hot topic at conferences and on the nascent technology’s online forums. Bitcoin, known for its anarchist and libertarian leanings, fear government legislators and regulators. Many bitcoin devotees […]

Commodity Futures Trading Commission approves first bitcoin swap

Posted on 12th September, 2014

The bitcoin derivatives market just took a giant step forward. Reuters reports that the Commodity Futures Trading Commission (CFTC), the federal regulatory body responsible for preventing fraud in futures contracts, gave full approval to a new bitcoin-backed swap created by TeraExchange. The new derivative allows clients to lock in a dollar value to their bitcoin […]

CFTC-approved bitcoin swaps may soon be approved

Posted on 24th March, 2014

Bloomberg reports that the Tera Group Inc. is seeking approval of a legal framework to allow bitcoin swaps. The derivative device would allow investors to trade payments based on the performance of bitcoin versus that of an established fiat currency. The terms for a multimillion dollar swap between two U.S. institutions is planned to hedge […]

Report: U.S. regulators may treat bitcoin as a commodity

Posted on 14th March, 2014

In a report earlier this week by Reuters, Mark Wetjen, the acting chairman of the US Commodity Futures Trading Commission (CTFC), was quoted as saying that his department is “looking into” regulation of bitcoin and other virtual currencies. “It’s been initiated, there’s been an internal discussion at the staff level,” Wetjen said. The CFTC regulates […]