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Bitcoin News Tuesday, March 27 Responsibly sourced gold, Gold supply chain, Bitcoin futures & more…

Bitcoin News TLDR / Table of Contents

  • Gold’s supply chain is coming to the blockchain
    • Physical gold is coming to the digital gold rush known as blockchain technology — and one company is working to ensure that it’s responsibly sourced.
    • responsibly sourced gold, gold supply chain, Emergent Technology Holdings, digital gold rush, U.S.-based financial technology
  • Cboe encourages SEC to allow bitcoin ETFs
    • Cboe Global Markets, the first to launch bitcoin futures, would like the Securities and Exchange Commission to allow cryptocurrency exchange-traded funds.
    • bitcoin futures, Cboe, Cboe Global Markets, tracking bitcoin futures,
  • Bitcoin falls 7 percent to below $8,000 after Twitter’s ban on cryptocurrency ads
    • Bitcoin fell 7 percent Monday to below $8,000 after Twitter announced it would ban advertising for cryptocurrencies.
    • initial coin offerings, percent, Jack Dorsey, Twitter CEO Jack, crypto-market intelligence platform
  • Physical gold is coming to the digital gold rush known as blockchain technology and one company is working to ensure that it’s responsibly sourced.
  • That’s according to a U.S.-based financial technology company, Emergent Technology Holdings, that is hoping to digitally encode the gold supply chain using blockchain tech in the first half of this year.
  • The company is creating a digital token that it says will be backed fully by gold in the hopes of offering a way to trade the metal with greater liquidity, says Emergent’s chief commercial officer, Mitchell Davis.
  • By digitally recording each stage of the gold supply chain, the company is able to guarantee the provenance of each piece of the metal, certify that it’s responsibly sourced and check that it’s 99.99 percent pure.
  • This isn’t the only attempt at tracking gold on a blockchain, but the company said its approach is fundamentally different from what others have adopted so far in part because of its focus on responsibly sourced gold.

Tags: responsibly sourced gold, gold supply chain, Emergent Technology Holdings, digital gold rush, U.S.-based financial technology

  • Cboe Global Markets, the first to launch bitcoin futures, would like the Securities and Exchange Commission to allow cryptocurrency exchange-traded funds.
  • Cboe encourages the Commission to approach Cryptocurrency ETPs [exchange-traded products] holistically and from the same perspective that it has historically approached commodity-related ETPs, the derivatives exchange said Friday in a letter to the SEC, published online Monday.
  • The Commission should not stand in the way of such ETPs coming to market given Cboe’s arguments for addressing the SEC’s concerns, the letter said.
  • He said Cboe expects trading volumes in bitcoin futures markets to soon reach levels comparable to those of other commodity futures products at the time that they were included in ETPs.
  • Cboe became the first major exchange to launch bitcoin futures on Dec. 10 and applied later that month with the SEC to list six bitcoin-related exchange-traded funds.

Tags: bitcoin futures, Cboe, Cboe Global Markets, tracking bitcoin futures,

  • Bitcoin fell roughly 7 percent Monday to below $8,000 following weeks of regulatory uncertainty and advertising crackdowns by tech companies.
  • It’s down more than 42 percent year to date after starting this year above $13,000.
  • Twitter announced Monday it would ban advertising for cryptocurrencies, following similar bans by Google and Facebook to crack down on fraud in initial coin offerings.
  • Bitcoin prices fell earlier this year after news of similar announcements.
  • The digital currency dropped 12 percent in late January after Facebook, the world’s second-largest online ad provider, said it would ban all ads that promote cryptocurrencies to prevent the spread of what it called financial products and services frequently associated with misleading or deceptive promotional practices.

Tags: initial coin offerings, percent, Jack Dorsey, Twitter CEO Jack, crypto-market intelligence platform

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