Biden Adds Crypto-Savvy Former CFTC Chair to Transition Team – November 11

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $15,420

Bitcoin price has once again ranged in the low to mid $15,000s over the last day of trading, as volatility drops off.

Top-20 altcoins have also traded very flat, as Ethereum gains less than 2%, XRP falls 2%, and no other coin sees a price change of more than 2%.

Top Stories for November 11, 2020 πŸ”₯

πŸ‘‰ Biden Adds Crypto-Savvy Former CFTC Chair to Transition Team

Joe Biden has added Gary Gensler, a former Commodity Futures Trading Commission (CFTC) chairman with cryptocurrency experience, to his transition team.

More specifically, Gensler will be leading the agency review team for banking and securities regulators.

Gensler has closely studied the cryptocurrency field and testified before Congress multiple times on the topics of blockchain and cryptocurrencies.

πŸ‘‰ FTX Exchange Lists Tokenized Stock Futures With 100x Leverage

Popular cryptocurrency exchange, FTX, has listed tokenized stock futures contracts, with leverage up to 100x.

The new trading tools are quarterly contracts, which will trade 24 hours a day, 7 days a week. The contracts’ index prices will track the price of FTX spot markets of the same assets.

πŸ‘‰ Ethereum 2.0 Can’t Handle DeFi Potential Growth Says FTX CEO

FTX CEO Sam Bankman-Fried believes that not even Ethereum 2.0 will be capable of handling the potential growth of decentralized finance (DeFi).

According to Bankman-Fried in a recent interview, Ethereum is limiting the growth of the DeFi sector, and the only short-term solution is to begin building on other networks.

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