• LedgerX CEO Paul Chou accuses CFTC Chairman Giancarlo of vendetta
    Regulation

    LedgerX accused ex-CFTC Chair J. Christopher Giancarlo of vendetta

    An unflattering blog post by LedgerX CEO Paul Chou led to a campaign of delays to the exchange’s license to offer physically settled Bitcoin futures, the firm alleged

    Cryptocurrency derivatives exchange LedgerX has accused former U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo of carrying out a revenge campaign. LedgerX wrote two letters of complaining about Giancarlo to the CFTC in July, Coindesk reported September 28. Giancarlo is known as “Crypto-Dad” because of his favorable view of the cryptocurrency industry. Coindesk obtained the letters, written on July 3 and July 11 from the CFTC via a Freedom of Information Act request. In them, LedgerX CEO Paul Chou claimed Giancarlo deliberately sabotaged and delayed its vital derivatives clearing organization (DCO) license application. “In January, the Chairman called one of our board members and told him that he was going…

  • LedgerX CEO Paul Chou could learn a thing or two from George Carlin (via LedgerX).
    United States

    LedgerX spokesperson quits after CEO’s profanity-laced tirade against federal regulators

    RGPR’s Ryan Gormley dropped LedgerX after Paul Chou lashed out at the CFTC on Twitter

    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.

  • Nasdaq
    Bitcoin,  Innovators,  United States

    NASDAQ jumps on the cryptocurrency futures train

    The world’s second largest exchange will launch Bitcoin futures in 2019

    The NASDAQ stock exchange will launch Bitcoin futures trading early next year, a spokesperson confirmed to Britain’s Daily Express on Monday. The world’s No. 2 stock exchange is awaiting approval from the U.S. Commodities Futures Trading Commission (CFTC), NASDAQ’s Joseph Christinat told the British tabloid, adding that NASDAQ is confident it will receive approval and begin trading in the first half of 2019. The Chicago Mercantile Exchange (CME) and Cboe Futures Exchange began futures trading in late 2017. These trades are settled in cash rather than in Bitcoin. With the confirmation of the long-rumored news, NASDAQ joins Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), which has…