- CME Seeks to Double Monthly Bitcoin Futures Open Position Limit to 10K BTC ;
- Facebook’s Crypto Launching in H2 2020, Says Libra Association Chief ;
- $2 Billion Lost in Mt. Gox Bitcoin Hack Can Be Recovered, Lawyer Claims;
- Ethereum Classic Successfully Executes ‘Atlantis’ Hard Fork ;
- Ripple CEO to CNN: ‘We Are the Most Interested Party’ in XRP’s Success ;
- ? Daily Crypto Calendar, September, 13th?
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
? CME Seeks to Double Monthly Bitcoin Futures Open Position Limit to 10K BTC
The Chicago Mercantile Exchange (CME Group) wants to let bitcoin futures traders hold a greater number of open positions at one time.
CME announced its intention to increase in the so-called spot month position limit for its bitcoin futures contracts in a letter to the U.S. Commodity Futures Trading Commission (CFTC) Thursday.
The limit would jump from 1,000 contracts per spot month to 2,000 for any single investor. Since each contract is for five bitcoin, the change means a trader’s maximum exposure would double from 5,000 bitcoin (worth about $50 million at current prices) to 2,000 contracts (10,000 bitcoin, or $100 million).
To be sure, few traders if any holding that many open positions right now, given that the exchange saw the number of open interest contracts reach an all-time high around 6,100 in July.
? Facebook’s Crypto Launching in H2 2020, Says Libra Association Chief
The head of the nonprofit organization behind Facebook’s Libra digital currency has said the company is committed to launching it and clearing regulatory hurdles.
Perez: “We don’t want to be like BlackRock”
In an interview with French news magazine Les Echos on Sept. 12, Bertrand Perez, director general of the Libra Association, said the token should appear in the second half of 2020.
The comments came the day France’s economy and finance minister said the country would refuse to allow Libra to operate within its borders.
As Cointelegraph reported, concerns over financial stability fuelled the resentment, with Bruno Le Maire appearing to wish to shape a hostile European Union policy towards Libra.
According to Perez, however, Facebook does not wish to create new supplies of money via the token. He drew comparisons to BlackRock, the world’s largest asset manager, saying the social media giant did not want to compete in that market.
“We don’t want to become a new BlackRock,” he told Les Echos, continuing:
“That’s why these concerns about the destabilizing effect our reserve currency could have on central banks’ fiat currencies — which figure in our basket — seem unfounded to
? $2 Billion Lost in Mt. Gox Bitcoin Hack Can Be Recovered, Lawyer Claims
Moscow-based law firm ZP Legal claims to have identified Russian nationals who received bitcoin stolen in the 2014 hack of Mt Gox.
Local law enforcement is investigating Alexander Vinnik, the alleged operator of the defunct exchange BTC-e.
ZP Legal says Mt Gox creditors who come forward as potential BTC-e victims may help Russian authorities establish a connection between the exchanges.
To cut a deal with law enforcement, those who benefited from the Mt Gox hack might offer to return funds to the exchange’s creditors, the law firm reckons.
? Ethereum Classic Successfully Executes ‘Atlantis’ Hard Fork
Ethereum classic has successfully enacted a system-wide software upgrade as part of a bid to increase its interoperability with ethereum, the blockchain that split off from its codebase in 2016
Dubbed “Atlantis,” the hard fork requires all software users to upgrade their clients in order to stay within the rules of the network. According to a release by ethereum classic startup Ethereum Classic Labs, 10 Ethereum Improvement Proposals (EIPs) were included in Atlantis to improve stability and performance and add opcodes, precompiled contracts, zk-SNARKs and enhanced security.
“And we are on Atlantis. Congratulations, everyone,” said hard fork coordinator Afri Schoedon during a public call, while ETC Cooperative director of developer relations Yaz Khoury said on Twitter that this fork saw “one of the longest debates to reach consensus along with a lot of the immutability politics.”
“Learned a lot about the beauty of decentralization and a distributed community.”
? Ripple CEO to CNN: ‘We Are the Most Interested Party’ in XRP’s Success
Ripple’s CEO Brad Garlinghouse rejects accusations that his company manipulates XRP price in an interview today with CNN anchor Julia Chatterley.
On Sept. 12, CNN’s Julia Chatterley started the interview with Ripple’s CEO Brad Garlinghouse by saying that CNN has been looking at ways cryptocurrencies can be a force for good, before progressing to discussion of whether Ripple is actively dumping XRP on the market, as some in the XRP community have alleged.
XRP community is threatening a ‘takeover’
The First Move anchor Chatterley asked the Ripple’s CEO about the recent news that the XRP community has been threatening with a ‘takeover’, i.e. a hard fork if Ripple executives keep on dumping XRP on the market and how much ownership Ripple itself has over XRP. Garlinghouse responded by saying:
“In the XRP community, Ripple is the largest owner, and we are the most interested party in the success of the XRP ecosystem
? Daily Crypto Calendar, September, 13th?
Shanghai Art Fair from September 13 – 15 at Shanghai Mart and Shanghai Convention & Exhibition Center of International Sourcing (CISP).
PublicBlockchain Workshop from 9:30 – 11:30 with VeChain CEO.
“Empowering Blockchain Summit will bring major companies, founders, developers, investors, entrepreneurs, corporate ….”
New Website launch
” Tune in on Thursday, 8PM (UTC+8) for NEO Live, your exclusive chance to chat with our project leaders and discover…”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yersterday :
Here is the current chart :
So today, we tested the support line created by the Low on the STEEM but till now, the sellers have not been able to break it. This support looks quiet strong but we have been helped also by the bounce on the BTC. Anyway, let’s stay positive and see if a bounce could start from that support line to take some distance from it…
- ? Daily Crypto News, September, 12th ?
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