One of the most anticipated launches, Bakkt's futures exchange, turned out to be a giant dud on the first day of trading. Now fingers are pointing at that as the reason bitcoin prices are went on the south side of the $8,000 level Tuesday afternoon.
An hour after Chou accused the Commodity Futures Trading Commission (CFTC) regulator of acting in bad faith and being in the pocket of one of the largest companies it oversees, RGPR agency founder Ryan Gormley took to twitter with a message of his own.
The cryptocurrency futures market took another two steps towards normalization Tuesday.
The U.S. Commodity Futures Trading Commission (CFTC) announced on June 25 that it has approved LedgerX’s application as a designated contract market (DCM). A DCM may “list for trading futures or option contracts based on all types of commodities and that may allow access to their facilities by all types of traders, including retail customers,” according to the CFTC.