Digital Currency Derivatives Exchanges Prepare for Regulation after CFTC Bitcoin Ruling

Only a week after ruling that bitcoin and other digital currencies are commodities, the U.S. Commodity Futures Trading Commission (CFTC) announced on Thursday that they have settled charges filed against TeraExchange LLC (Tera) for arranging a “non-deliverable forward contract” last October. Neither of the parties entering the trade were looking to profit off of future […]

Bitcoin Derivatives Company LedgerX Appoints Ex-CFTC Commissioner Wetjen to Board

LedgerX, an institutional bitcoin trading and clearing platform, announced this week that Mark Wetjen, the ex-commissioner of the U.S. Commodity Futures Trading Comission (CFTC), will join its board. Nominated by President Barack Obama in 2011 and unanimously confirmed by the Senate as one of the five CFTC commissioners, Wetjen both helped to implement the first […]

ProTip Ventures into Bitcoin Micropayments for Online Tipping

A number of companies have been looking into bitcoin micropayments as a means for funneling donations or tips online. After all, the cryptocurrency promises lower transactions costs compared to traditional payment methods such as credit cards or PayPal. Online tipping can be made to express appreciation for an artist’s work on the internet, such as […]

Troubles Continue for BitPay in Wake Of Hack

BitPay, the Bitcoin payment processor, has endured a troublesome week. First, it was made public a hacker gained access to the CFO’s email account and coaxed the company into sending nearly $2 million. The company recently made major changes to its free plan, as well as apparently laid off numerous employees. The company filed a […]