The Ethereum news today show that the Commodity Futures Trading Commission (CFTC) is confident that the ETH futures are likely to arrive in 2020. Currently, analysts show that bear market ETH futures are a better bet than Bitcoin’s futures – and that this could be good timing if altseason fails to materialize in the next few months and the Ethereum prices remain low.
What we could see during the first day of the DC Fintech Week was an interesting mix of opinions which started when the CFTC Chairman Heath Tarbert said that he ‘absolutely’ believes that the Ethereum futures could trade in the next 6 to 12 months.
“The volume to which it’ll trade, no idea, that’s where the markets decide, but my guess is now that we’ve provided at least … a little bit more clarity on [ether’s eligibility for futures contracts], my guess is market participants will consider that.”
He continued stating that there have been no official applications by firms willing to launch Ethereum futures contracts. This is why the bear market ETH futures are seen as a major development.
Considering the current regulatory atmosphere in the United States, this is hardly surprising. At the moment, four contenders could emerge and they include the names of Seed CX, ErisX, Tassat and LedgerX.
So far, there is no response from CME or CBOE as to whether they will be offering ETH base futures. The crypto news also feature a CME spokesperson told Coindesk that they are focused on presenting options on CME Bitcoin futures to market in Q1 2020 and continuing to grow the CME CF Reference Rates and Real-Time Indices.
Tarbert also said that a CFTC regulated exchange would provide investor confidence for Ethereum products in the manner of no market manipulation. When asked about the other crypto assets, he said that there will be other derivatives coming soon to a market near you. He did not specify more details or time frames.
Meanwhile, ETH is still down from its peak whereas Bitcoin was approaching its all-time high when futures were first launched.
“Bitcoin futures launched at the ‘EXACT’ pinnacle of the bull market, a huge investment vehicle for those looking to short the market as it was clearly overpriced,” a post published on Twitter read.
ETH is in no way overpriced at the moment and the markets are not overbought.
Antminer E3 Stops ETC Mining While ETH Has 1 Month Left
‘’E3 is related to eth algorithm, and DDR capacity is up to the upper limit, so E3 will not be able to continue mining (...) the meaning is E3 only can mine to January 2020, then will not mine again.’’2Miners calculated that Ethereum (ETH) mining will be terminated in about five weeks as it is a few epochs later than the older version. Among the first speakers within the crypto community that discussed the story was the author of Ethereum’s mining algorithm Kristy-Leigh Minehan who considered that this could lead to the launch of more capable miners. Bitmain is more focused on Bitcoin mining solutions and Mrs. Minehan suggested waiting for the release of the main competitors Canaan and Innoscilion. As per the previous reports, The hashrate is one of the metrics that can assess how healthy a network is. The higher the hashrate, the more secure a network will become and it also becomes much expensive to mine the cryptocurrency. Ethereum Classic saw its hashrate explode previously during a sign of growing strength so the ETC network is arguable now more secure than ever before.
Ethereum Core Developers Move Forward With ProgPOW Update
“I have not seen any evidence that there is an ideological or people willing to step up and actually have a network split. If I’m wrong I’ll resign as hardfork coordinator.’’Ethereum split once before with the ‘’DAO’’ which was the first attempt to a so called decentralized autonomous organization where more than 3.6 million ETH was exploited. Core developers decided to refund the affected users and the dissenters later formed Ethereum Classic in response. At least two projects were opposed to ProgPOW including SpanChain and the Gnosis projects. The executives of the projects were invited to voice their concerns about the next core developer meeting but this will likely won’t change the decision of the team: “There will be plenty of time for open dissent that won’t really change the decision, necessarily, because we’ve already gone back and forth and approved it twice.” ASIC resistance was a core consideration for Ethereum and the first version of the whitepaper explained how the distribution process of Ethereum will be performed through easily-accessible computer hardware which was more favorable for the community and the decentralization of the token. The leading mining hardware firm Bitmain developed an Ethereum ASIC in 2018 and in 2019 Canaan released an ASIC that was 5 times more efficient than comparable consumer hardware.
Market For ETH/BTC Went Off A Cliff In 2019, Could Reverse Now
Enjin Goes Live On The Ethereum Mainnet: Report
“Simple, great user experience is one of the core product design philosophies at Enjin, and we made damn sure that the Web Panel is minimal, straightforward, and clean.’’The process of creating a new blockchain project is not so complex and it can be done in four steps. The process doesn’t require any coding knowledge but while the Enjin platform web panel enables the codeless creation and management of the blockchain assets, the developers will have to employ Enjin platform API and SDKs when the time will come to integrate those assets with games and apps. The platform API is graphQL based while the Platform SDKs include Java, NODEJS, Godot and Unity. According to the company, the Enjin platform will be powered by Enjin Coin and will serve as the ultimate minting resource and used to back the value of the issued blockchain assets. While the Enjin platform is a relatively new platform, the company was present in the crypto space for more than 10 years. Enjin’s huge ecosystem is preferred among gamers and with partnerships with major companies such as Unity, Samsung, and PC Gamer, the platform has a strong presence in the gaming industry. When it comes to future plans, the company said to be working on a new way to distribute blockchain assets via QR codes.
How DigixDAO Works: Guide To Its Tokenized Gold System
Basic Attention Token’s Brave Browser Adds One-Click Wayback Machine
US Actor Steven Seagal Pays $350k For Illegal ICO Cryptocurrency Promotion
Zcash Improvement Proposal 1014 Is Live With Updated Mining Rewards
Binance Joins Shyft Blockchain Network For FATF Compliance
Tim Draper Left Stocks For Bitcoin 6 Months Ago
Binance UK News Show Buying BTC Is Now Easier Than Before
Retail Crypto Sentiment Flips Bearish For 1st Time In 2020
Monero VS Bitcoin: Is The Privacy Feature Enough?
MoneyGram And Ripple Extend Their Partnership With $11.3 Million
China Declares Bitcoin As Property! Central Banks Prefer Crypto? SONY “Contactless” Hardware Wallet
JPMorgan Predicts A 60% Recession, Is Crypto The Best Chance Now? | [Bitcoin News // Crypto News]
Ethereum Sees Record Number of Shorts! NEM Blockchain Hub | Samsung Blockchain Supply Logistics
Crypto Jobs Up 300%! Lost BTC 20% Rate of Recovery | Only 45% of Exchanges Meet Security Standards
DC Forecasts Proudly Backed The Global Disruptive Blockchain Innovation Summit
- Ethereum Classic News4 days ago
Antminer E3 Stops ETC Mining While ETH Has 1 Month Left
- IOTA News7 days ago
How Will IOTA Transform IoT Design In The Future: Analysis
- Bitcoin Cash News6 days ago
Bitcoin Cash Is Facing ‘Slow Death’ After Its $30M Hack: Analyst
- Dash News5 days ago
Dash Partners With Simplex, Offering A Fiat On-Ramp To Its Users
- Binance News6 days ago
Malta’s Financial Watchdog Says Binance Is Not Licensed
- Altcoin News6 days ago
Crypto Education: Which Are The Leading Universities In 2020?
- Dash News6 days ago
Dash Price News Today: Stable At $105 With Bullish Opportunity
- Bitcoin News5 days ago
BTC Price Bull Run May Last 1,000 Days, 2020 Is Best Average Year