Bitcoin Derivatives Firm Hires Former NYSE CEO in Advisory Board
Tera Group, a bitcoin derivatives platform, recently announced that former New York Stock Exchange (NYSE) CEO Duncan Niederauer will be joining their firm as an Advisory Director. The firm has already gained approval from the Commodity Futures Trading Commission (CFTC), which is a financial regulatory agency in the United States, for its trading platform but the bitcoin derivatives have yet to gain accreditation. Tera Group has also entered a reverse merger agreement with MGT Capital, allowing the company to go public. However, the final terms of the agreement are still being discussed,....
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A few weeks ago Bitcoin Magazine reported that Tera Group, which operates the first regulated U. S. Bitcoin derivatives exchange, will take a controlling stake in public company MGT Capital Investment to create the first publicly traded U. S. Bitcoin derivatives exchange. On Monday, Tera Group announced the appointment of former New York Stock Exchange (NYSE) CEO Duncan Niederauer as an advisory director. Before joining NYSE in 2007, Niederauer was managing director and co-head of the Equities Division Execution Services franchise at Goldman Sachs. "This is an excellent opportunity to....
Cryptor Trust Inc. plans to set up an Advisory Board for the Asia-Pacific region, but the advisory board aims to do more than simply provide advice. This board is focused on action. Board member candidates a required to have started Bitcoin related companies, done research, donated money, contributed to bitcoin blogs, launched forums, organized events, provided input on a range of issues or actively participated in the space. In this way, the board will be able to provide depth and value. Cryptor Trust Inc. is in the process of inviting entrepreneurs, Bitcoin foundation leaders and Bitcoin....
MGT Capital Investments, Inc. (NYSE MKT: MGT) has announced it has appointed angel investor Roger Ver as the chairman of the company’s “Cryptocurrency Advisory Board.” MGT Capital Investments is a cyber security portfolio firm dedicated to this growing industry and led by antivirus software mogul John McAfee. Roger Ver and Bryan Seely Join the MGT Investments. MGT Capital is aimed to address cyber security threats with its portfolio companies dedicated to solving issues with viruses, malware, ransomware, and many more attacks found online. The firm is currently in the process of acquiring....
On Friday, May 9th, 2014, the Federal Advisory Council and Board of Governors of the Federal Reserve met for their quarterly meeting in Washington D. C. This meeting was historically held in secrecy until Bloomberg News "won" a Freedom of Information Act request under the Freedom of Information Law requiring the Fed to make the meetings minutes available to the public. The Federal Advisory Council (FAC) is "composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction..." according to the Federal Reserve in....
Now that financial regulators have started to step up their game in conducting oversight on the bitcoin industry, cryptocurrency companies have been adding former heads of financial regulation institutions to their advisory board. BitFury recently announced that the former chair of the Commodity Futures and Trading Commission (CFTC), which is responsible for financial oversight in the US, will be joining their advisory board. Ex-CFTC head Dr. James Newsome will be joined by Hernando de Soto, president of the Institute of Liberty and Democracy (ILD), in the advisory board. Newsome....