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CFTC to Allow Ethereum Derivatives Trading in the Near Future

  • Alex Dovbnya
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    The Commodity Futures Trading Commission (CFTC) is expected to green-light Ethereum futures 

CFTC to Allow Ethereum Derivatives Trading in the Near Future
Cover image via www.123rf.com

According to Yahoo! Finance, CFTC Chairman Heath Tarbert has confirmed that Ethereum is a commodity, not a security, thus mirroring the stance taken by the SEC.     

“We've been very clear on bitcoin: bitcoin is a commodity. We haven't said anything about ether—until now.”

Recently, Coinbase, Kraken and other top exchanges formed the Crypto Ratings Council (CRC) that grades digital assets based on their resemblance of a security. Ethereum scored a 2 (out of 5) due to its "decentralized development and usage". Maker, XRP and other coins that are similar to securities got more than a 4. 

Tarbert also adds that the CFTC could approve the launch of Ethereum-based derivatives (futures, options, and other beasts) in the nearest future.

As reported by U.Today, derivatives exchange LedgerX had a spat with the CFTC after it delayed the launch of physically-delivered Bitcoin futures, thus allowing Bakkt to be the first in the race. However, the regulator denied that there was any kind of personal animus involved. 

 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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TRX Price Goes Green as the Number of Registered Tron Accounts Hits 3.8 Mln

  • Yuri Molchan
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    Tron’s TRX was the second highest-growing asset earlier today, as number of accounts on the network got over 3.8 mln

TRX Price Goes Green as the Number of Registered Tron Accounts Hits 3.8 Mln
Cover image via www.123rf.com

Justin Sun-founded Tron has reached another big milestone, this time it concerns the number of active accounts on the network.

From a recent tweet of a Tron community member, it is clear that the number of accounts registered on Tron now totals more than 3.8 mln – 3,803.403 as per the offered screenshot.

As per the Tron’s market stance, TRX has so far managed to hold on to position #11 on CoinMarketCap, where it has recently returned after spending quite a long while on spot #14.

Earlier today, Tron showed the second best price performance on the top 11 list, coming second after XRP.

XRP-TRX
Image by CoinMarketCap

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At press-time, TRX is sitting at $0.0165, showing a mild rise by 1.75 percent. As reported by U.Today earlier, this morning, the coin demonstrated a spike by 4.32 percent.

TRX price
Image by CoinMarketCap

As well as getting back to position #11 on CoinMarketCap, recently, Tron celebrated 500,000 new users joining the network. Another recent milestone reported by Justin Sun was the significant progress with users transferring their USDT coins to the Tron chain.

 

Are you bullish on further TRX price? Talk to us in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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