The economy is doing Bitcoin no favors, with bad news and advancing COVID-19 pushing the still stock-market-aligned cryptocurrency within a few dollars of dropping below $9,000. Meanwhile, Ripple Executive Chairman Chris Larsen says China is winning the blockchain war. Researcher says Satoshi Nakamoto was AWOL from Bitcoin’s genesis block. New York is retreating ever-so-slightly from its super-strict BitLicense, making the prestigious but frequently fled crypto exchange qualification as it turns five.
Major bank haul: Coinbase, Gemini break into JPMorgan Chase
By taking on the regulator-friendly Coinbase and Gemini as clients, JPMorgan Chase has become the first large bank to knowingly agree to do business with cryptocurrency exchanges in years.
Two major U.S. cryptocurrency exchanges known for aggressively seeking regulatory approval, Coinbase and Gemini, have been accepted as JPMorgan Chase customers, breaking through an important glass ceiling in the financial industry.
ErisX brings ETH futures to America
The crypto derivatives exchange’s physically settled ether futures are the first available to U.S. investors; Binance.US adds OTC desk for large crypto trades
On May 11, TD Ameritrade-backed cryptocurrency derivatives exchange ErisX announced that it now offers physically settled ether futures contracts to both institutional and retail investors.
Analysis: Cryptocurrency experts tell Senate innovation requires regulation
In the wake of Facebook’s Libra plan, a Senate Banking Committee hearing shows Congress getting serious about cryptocurrency regulation
A week after the U.S. government’s inaction on cryptocurrency regulation drove Jeremy Allaire to move most of his company out of the U.S., the Circle chairman and CEO told congress why.