Bitcoin News 25 July 2017 – CFTC Approves First Institutional Bitcoin Derivatives Platform

Bitcoin News today with the top story being that the U.S. Commodity Futures Trading Commission (CFTC) has approved institutional Bitcoin derivatives platform Ledgerx LLC as the first regulated Bitcoin options exchange and clearinghouse – this is huge news!

 

This development could put a fire under the Bitcoin price – if futures and options are traded, it could increase trading volume exponentially. This is certainly a development to keep an eye on.

 

 

 

 

Other news headlines:-

 

Blockchain in Trade Finance – huge opportunity to streamline this process but Blockchain technology’s applicability in trade financing is still a few years in the making.

 

Dubai Set to Achieve Goal of Becoming First Blockchain Government by 2020 – Dubai drew a line in the sand beginning 2016 and is well on it’s way to achieving its goal of becoming the world’s first blockchain-powered government to utilize the technology for all transactions by 2020. Dubai also steaming ahead on their Smart City plans.

 

 

India ‘s Merchant Adoption of Bitcoin – In India’s third most populous city, Bangalore, Bitcoin exchange Unocoin has been helping merchants accept Bitcoin there. India is embracing the digital economy full on as regulation by the government is in progress.

 

Singapore Startup Takes Bitcoin Into Real World With Visa – TenX’s Visa prepaid card converts digital currencies to cash. The company recently raised $80 million through a token sale (ICO)

 

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