CFTC DENIES Ethereum || SBF Officially INCRIMINATES Himself || Blackrock BASHES Crypto
In this video, we discuss the recent news surrounding the CFTC denying an Ethereum-related proposal, the SBF officially incriminating himself, and Blackrock bashing cryptocurrencies.
The CFTC recently denied a proposal for a Bitcoin-backed Ethereum futures contract. This is due to the fact that Ethereum is considered to be a security, not a commodity. This means that it cannot be used as a collateral for a futures contract.
The SBF, or Satoshi Nakamoto, the creator of Bitcoin, recently incriminated himself by making a public statement about the need for a Bitcoin network upgrade. This statement is seen as incriminating because it implies that he has control over the Bitcoin network, which would be illegal in many countries.
Finally, Blackrock, one of the world’s largest asset management firms, recently bashed cryptocurrencies. They said that they do not see a “credible investment case” for cryptocurrencies, and that they are “more of an index of money laundering.” This is a major blow to the crypto community, as Blackrock is a major player in the asset management world.
These news pieces have all had a major impact on the cryptocurrency space and will continue to shape the industry going forward.