LedgerX launches physical Bitcoin futures – August 1

📈 30 Second Price Summary

Current Bitcoin Price$10,039

There’s mixed movement in the cryptocurrency market today. Bitcoin is up 1.5%, while Ethereum and XRP are down 1.0% and 2.8% respectively. Most altcoins are down 1% to 3%; just Litecoin, Binance Coin, EOS, and Tezos are in the green, aside from Bitcoin.

Top Stories for 1st August 2019 🔥

👉 LedgerX launches physical Bitcoin futures

For more than a year, we’ve been talking about Bakkt: the Intercontinental Exchange’s effort to offer physical Bitcoin futures contracts in the United States. Time and time again, the project has been delayed.

Yesterday, LedgerX launched physically-settled Bitcoin futures in the United States, beating both Bakkt and ErisX to the market. The move allows any US residents with government-issued ID to bet on Bitcoin’s future, and allows customers to deposit Bitcoin.

👉 UK financial authority will not regulate Bitcoin

The Financial Conduct Authority is the UK’s chief regulatory body for financial matters; it’s not a government agency per se, but is provided a budget to ensure close regulation of financial institutions.

In a report published yesterday, the FCA announced that it would not regulate Bitcoin or Ethereum! It’s unclear whether other UK regulatory bodies will make efforts to regulate the industry.

👉 SEC looks to gain access to blockchain data

If you’re an American or have followed this newsletter for any sizeable period of time, you’ll be familiar with the SEC. The United States’ Securities and Exchanges Commission is like the FCA, and regulates most financial matters.

The website for Federal Business Opportunities just announced that the SEC is looking for a third party to provide access to blockchain ledger data for a variety of cryptocurrencies.

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