Commodity Futures Trading Commission (CFTC) has confirmed that Ether is now classified as "commodity". The statement came from CFTC Chairman, Mr. Heath Tarbert. After months of studying the second largest alt coin by market cap, CFTC has decided that Ether falls under this specific jurisdiction. This is what Mr. Tarbert commented on decision that Ether…
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After the solid rumours that Facebook's Libra is going to be postponed for 2020, Zuckerberg is now facing Congress on the 23rd of October. With that there were also speculations that the COO of the company, Sheryl Sandberg may also testify regarding the project. The information comes directly from CNBC. Mark Zuckerberg will be the…
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Late evening shocker on the financial airways – The SEC rejects the Bitwise Bitcoin ETF proposal, well before Monday’s deadline decision date. Reporters on the late shift suddenly went into high gear, filling nearly every news channel with the shocking news. Matt Hougan, Bitwise's Head of Research, had just told everyone that, “We're closer than…
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Bitcoin enthusiasts have been jostled about after the disappointing Bakkt debut, losing 20% or more of their gains for the year and fearing the worst going forward. For those reasons alone, it is easy to see why Bitcoin’s supporters are searching madly for any technical signal that might be glowing “Green” at the moment. It…
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SEC, in surprise move, rejects the Bitwise BTC ETF proposal before the mandated deadline. According to Cointelegraph and Coinbase, the SEC hurriedly put out a press release after hours on Wednesday to announce its negative decision. The regulator cited that the Bitwise proposal was not “designed to prevent fraudulent and manipulative acts and practices”. The…
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While it can be very entertaining to follow the daily perturbations of Bitcoin and its altcoin rivals, there is always a very visible grey cloud that hangs over the horizon, threatening a wave of risky situations that could wreak havoc on the crypto-verse. What comprises this cloud of doom? In a word – security, the…
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Binance, the world’s largest crypto exchange by volume, is back in the news again, but not to announce a new product line or special feature for its global client base. This time around, the company is proud to proclaim that it will lead the industry in its efforts to comply with the stringent proposals of…
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Insolar is a blockchain provider company that recently announced several important strategic partnerships, including ones with Microsoft, Oracle, Innosuisse and the UK Energy Innovation Center. The announcement of these partnerships coincides with the launch of Insolar's mainnet, which is scheduled for November 1st, 2019. According to press, these partnerships will enable Insolar to attract even…
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The cryptocurrency project of Facebook, Libra, got immense attention from regulatory bodies. Leaprate last reported that the cryptocurrency launch may be delayed some time in 2020. This is not what Zuckerberg wanted, but at the end Facebook vouched for complying with all regulatory issues before launching Libra. But what happens when Libra's partners start to…
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Cryptos may have taken it on the chin big time over the past two weeks, dropping billions in market cap, while even Bitcoin shed 20% of its valuation, but crypto investors can still smile in coffee rooms across the globe, since their BTC returns were 110% to date. These figures include recent losses, as well,…
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