Weekend Roundup: First Publicly Traded US Bitcoin Derivatives Exchange Set to Launch, New BTMs in the US, UK
NewBitcoin ATMs in the USA and the UK, youth entrepreneurial program looking to empower under-served populations with Bitcoin, MGT Capital Investments to merge with Tera Group and launch the first publicly traded American Bitcoin derivatives exchange, and more top news to wrap up the week. MGT Capital Investments announced on February 26, it has enter into a Letter of Intent with Tera Group, Inc., the owner of TeraExchange, LLC, a Swap Execution Facility regulated by the US Commodity Futures Trading Commission (CFTC). Both companies are looking to come to a definitive agreement by March....
Related News
MGT Capital Investments announced a planned merger with Tera Group, which operates the first regulated U. S. Bitcoin derivatives exchange. The merger will create the first publicly traded U. S. Bitcoin derivatives exchange. As observed by The Wall Street Journal, this is a reverse merger where Tera will take a controlling stake in MGT. Tera doesn't seem too interested in MGT's gaming operations, so the operation is primarily a way for Tera to go public. In other words, Tera is buying a public listing on the stock market for its Bitcoin operations. Tera has played a leading role in the....
Bitcoin-based derivatives exchange-traded notes (ETN) will be available for European investors on September 13th, 2021. Leading derivatives exchange Eurex announced this investment product via its website. We’re excited to announce the launch of #Bitcoin ETN #futures. As the extension of the ETN traded so successfully on @Xetra, the new contract offers clients access to the […]
On Tuesday, the world’s largest financial derivatives exchange, Chicago Mercantile Exchange (CME) Group, announced the upcoming launch of ethereum-based micro futures slated to be listed on December 6. The launch follows CME Group’s bitcoin micro futures listing in May, which saw 100,000 micro bitcoin futures traded during the first six days after launch. CME to Launch Micro Ether Futures Pending Regulatory Approval CME Group announced on Tuesday that the company plans to launch micro ether futures on December 6, “pending regulatory review.” According to the CME....
On Monday, CoinSpark released a new tool that allows bitcoiners to attach private messages to transactions. Open sourced CoinSpark is a colored coin protocol that allows users to move assets around the blockchain much like Counterparty. CEO Gideon Greenspan told CoinTelegraph: "The guiding principle of CoinSpark is that users can use a lightwight wallet on their computer. [...] [Both the sender and the recipient] can prove the message exists very easily without having to go to a notary, or without having to go to any kind of a central intermediary." The results of the Bitcoin election....
Digital economy startup Digital Asset Holdings will allow its clients to trade financial assets using bitcoin as operating currency for cheaper, faster and fully traceable transactions, Financial Times reports. Former JPMorgan Chase & Co. executive Blythe Masters will be the CEO of the new company, overseeing employees in New York, Chicago and Tel Aviv. This latest episode of the ongoing love story between Bitcoin and Wall Street follows a wave of announcements of new publicly traded Bitcoin financial products. Recently, Barry Silbert's Bitcoin Investment Trust became the first publicly....