Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, Ether futures begin trading on Cryptofacilities while CPA Ontario issues paper cautioning accountants on unregulated ICOs.
UK based exchange Cryptofacilities adds Ether futures to its suite of derivative offerings. The firm falls under the regulatory authority of the UK’s FCA and provides the CME with the CME CF Bitcoin Reference Rate. Akuna Capital has been selected to provide liquidity.
The professional organization published a white paper advising accountants to act with caution when interacting with unregulated initial coin offerings. The body sees benefits in the technology, but the lack of clarity and transparency in regulation creates a challenging environment to navigate.
Robinhood's latest round values the company at US$ 5.6 billion and was led by DST Global. Notable new investors included Sequoia Capital, Kleiner Perkins and Capital G, Alphabet’s venture capital division.
Canada's central bank, the TMX group, and Payments Canada have developed an integrated securities and payment settlement platform using a distributed ledger, showing that cash and assets can be tokenized to facilitate an instant settlement. However, BoC Senior Director Scott Hendry stated that it was not yet clear if the use of blockchain for securities settlement would lead to cost savings.
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