Tuesday, October 22, 2019

ETH futures

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October 22, 2019

FUTURES PREDICTION: CFTC Chairman Heath Tarbert believes the crypto world will see ethereum futures contracts sometime in 2020. Speaking during DC Fintech Week, Tarbert said he “absolutely” believes ether futures are possible now that he has confirmed ether is a commodity not a security. “The volume to which it’ll trade, no idea, that’s where the markets decide." Full story

WITH ADDED BITCOIN: The Opera web browser has added bitcoin e-commerce and TRON integration to its Android version. The enhanced crypto functionality will let Opera's Android users make bitcoin payments directly from a built-in digital wallet and interact with decentralized apps on the TRON blockchain. Full story

CRYPTO CARRIES: In the era of negative interest rates, return-hungry investors could be tempted to borrow low-interest fiat currencies and invest in higher-yielding cryptocurrencies.The carry trade was seen in 2004-2008 when the Fed Reserve set rates at 5.25 percent when those in Japan were stuck near 0.5 percent. In a twist on the strategy, analysts say investors could be tempted by attractive returns on crypto loans, and potentially sell their bitcoin later after the miner reward halving next year. Full story

SIM-SWAPS PLEA: Crypto investor Michael Terpin has written an open letter to Federal Communications Commission Chairman Ajit Pai requesting urgent action on SIM-swapping fraud. Terpin, who lost $24 million in a SIM-swap hack himself, asked the regulator to make mobile carriers hide customer passwords from employees and to provide a “no port” option, adding an extra hurdle before SIMs can be reassigned. Full story

ADVOCACY DRIVE: Ripple has opened a new office in Washington, D.C., to strengthen its advocacy efforts for blockchain and cryptocurrency. Announced on Tuesday, the blockchain payments provider said the move comes as it expands a team to educate policymakers on the benefits of the tech. Full story

GOLDEN CROSS: Bitcoin looks set to extend the ongoing recovery rally toward $8,800, with the hourly chart reporting a bullish golden crossover and the three-day chart signaling seller exhaustion. The outlook could turn bearish if prices find acceptance below the key Fibonacci retracement of $7,850. But down is looking the least likely direction for bitcoin right now. Full story
ESTATE-BACKED TOKENS:  Liquefy, an asset securitization platform, will tokenize $1 billion in real estate , including a $600 million hotel in London, reports Ledger Insights. Tokenizing high-end real estate, it says, increases the properties’ liquidity by opening ownership to a larger number of smaller investors. “There’s huge potential for technology to enable new business models in the real estate ecosystem that lower operational costs,” said Adrian Lai, CEO of Liquefy. The effort is reportedly backed by a consortium of Gulf families.

WHO WON #CRYPTOTWITTER
 

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