-
Bakkt’s bitcoin core futures contract saw saw 2,728 contracts traded ($20 million) and $1.75 million in open interest outpacing the record of 1,179 contracts on October 25, as the spot market price of BTC plummeted under $7,000 on November 22.
-
The U.S. Financial Crimes Enforcement Network views all stablecoins, whether backed by a currency, a commodity, or even an algorithm, as falling under their remit to protect “money transmission services, and all stablecoin administrators must register as a Money Services Business with FinCEN.
-
U.S. Congresspersons Sylvia Garcia and Lance Gooden introduced the Managed Stablecoins are Securities Act of 2019. The bill would clarify that “managed stablecoins” are securities under the Security Exchange Act of 1934 and thus regulated by the SEC.
-
Grayscale Investments is launching its Digital Large Cap Fund (GDLCF), a diversified crypto investment product for public trading. It includes five major cryptos including Bitcoin and Ether, and will trade on the OTCQX Best Market platform.
Kiffmeister’s Fintech Daily Digest 11/23/2019
