A New York Times report this morning confirms that the Wall Street bank, which has a storied history, plans to begin trading the newest investment instrument on the block in the next few weeks. According to the report, Goldman will use its own money to trade bitcoin futures contracts and is working to develop a new type of derivative – non-deliverable forward (probably named so because bitcoin futures are cash-settled)
a combination of regulatory uncertainty and enthusiastic funding from eager private investors may have tipped the scales against a public ICO of Telegram’s tokens.
Ethereum has ambitions to become the world’s first distributed computer running applications that accomplish a varied set of tasks on its platform. But the cryptocurrency will have to contend with SEC regulations before it reaches that goal.
In his conversation with CNBC, Chairman Giancarlo alluded to the possibility of a novel set of regulations for cryptocurrencies. “There’s a growing appetite among several Congress men and Senators that I have spoken to..to approach this with new eyes and some new thinking,” he said.