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Messages - fcfchain

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Ethereum Forum / CFTC President: Ethereum futures will soon be released
« on: February 07, 2020, 09:02:59 AM »
We already have Bitcoin futures, including cash payments and Bitcoin payments. I guess we will also have Ether futures, ”Tar Tarbert told Bloomberg in an interview on Thursday.

The first time the CFTC Chairman discussed the Ether futures was in October 2019. At that time, he stated that he "fully" believes that Ethereum-based futures contracts can be traded in the next 06 to 12 months.

In addition, in an interview on Thursday, Tarbert shared that he wanted the United States to "take the lead" in the advancement of blockchain technology and digital assets.

“I want to encourage innovation and it's interesting that the goods are what we regulate. Especially derivative products on the commodity. ”- He commented.

Tarbert reiterated that Bitcoin and Ether are commodities and under the management of the CFTC. Also, in a previous interview, he said that classifying XRP as securities or commodities is still "unclear".

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Bitcoin price increased by 7% during the day
In the last 24 hours, Bitcoin has increased by more than 7%. Bitcoin price has reached $ 9,750, breaking key resistance at 9,400. The last time BTC had this price was in October 2019.

However, at the time posted, the Bitcoin price had adjusted slightly and was being traded at $ 9,600, still up 4% in the past 24 hours.

Bitcoin recently formed a gold cross when the MA50 crossed above the MA100. In this remarkable increase, Bitcoin's next target could be $ 10,000. However, we need to track the Bitcoin price movement around $ 9,550. See if this threshold can become a support or not.

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