“Crypto derivatives platform ErisX is officially live with its physically settled bitcoin futures contracts, launching only the second such product suite in the U.S. ErisX’s bitcoin futures will see a contract size of 0.1 bitcoin ($663 at current prices), with customers able to trade monthly or quarterly contracts at launch.
The launch of ErisX’s fully regulated futures market is a significant development for the digital asset industry. The more accessible contract size and transparent order book provides first time market participants exposure to digital assets through a familiar mechanism.”
“Launched in 2018, FDAS already offers custody and trade execution services services to U.S.-based institutional investors. It will now also provide European digital assets investors such as hedge funds, family offices and market intermediaries with these services.
The firm has seen ‘significant interest and engagement’ from institutional investors since its U.S. launch a year ago.
These and other market indicators, alongside interest expressed from U.K. and European client prospects, indicate a market with increasing potential which gives us the confidence to expand the digital assets business geographically.”
“Ultimately, Bitcoin price needs to hold the pink highlighted zone between $6,700 and $6,300 to avoid a drop back toward the May through April lows in the $4,900 to $5,500 region.
In the meantime, traders should keep an eye out for a possible double bottom around $6,530 and given that the daily and weekly RSI and Stoch are oversold, aggressive traders might look to play an oversold bounce, which seems ripe to take place as Bitcoin comes closer to falling below the long-term descending channel support at $6,400.”
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“Levine will help the firm to ensure that its customers receive the “best-in-class” compliance tooling for security token issuances.
I am excited to join TokenSoft not only to help further the compliant issuances of tokens and digital assets but to push for the development of a regulatory framework for the trading and custody of such assets by working with the SEC and FINRA.”
“CHAI is an ERC20 token that’s like DAI which earns interest from Maker’s Dai Savings Rate (DSR), currently 4% as of writing this. It’s a lot like how cDAI represents DAI supplied to Compound plus interest. Chai.sol, the token’s smart contact, deposits your DAI into the DSR and issues you CHAI tokens which can be stored, transferred, traded, and later redeemed for the underlying DAI plus any interest earned. As an added bonus, it’s also supports gas-less token transfers.
You can now pay friends, grow your savings, trade, etc. while still earning interest on your DAI.“
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“CEO Jeremy Allaire announced that the company would be focusing on its stablecoin business through 2020, with a suite of services built around the dollar-pegged USDC. Next year, it will support global payment, custody and stablecoin wallet APIs.
Tuesday’s post follows Circle’s sale of the Poloniex trading platform in October, the shutdown of its Circle Pay app in September and the dissolution of its research wing. Circle disclosed Tuesday that its OTC desk had been sold to the Kraken crypto exchange.
In an announcement of its own, Kraken said its OTC desk would now see more than 20 employees, and allow the company to serve new trading partners in Asia and other parts of the world. Kraken said the move would also bring deeper liquidity and more automated tools.”
“The proof of concept shows that it is possible, using the Corda platform, to build a simplified CBDC payment system that safeguards users’ privacy for lower-value transactions, while still ensuring that higher-value transactions are subject to mandatory AML/CFT checks.
The bank noted an array of issues that purportedly needed to be improved including reducing the amount of information visible to parties that are not involved in the transactions, and users’ ability to access or spend CBDC balances when the intermediary is unavailable. The bank further noted that issues of scalability were not addressed or tested.”
“The Colorado Education Work Lab aims to provide the state with a ‘unified but decentralized ecosystem for innovation, pilots, research, and collaboration for the future of education and work.‘
[The C-Lab] represents a first-of-its-kind ‘biodome’ experiment for blockchain and education, connecting the entire state into a decentralized 21st century education and workplace infrastructure.”