MIT Blockchain Professor Gary Gensler appointed as SEC Chairman

The crypto-savvy Gary Gensler will be appointed to the position of SEC Chairman under the Biden administration. A move that could be advantageous for the industry, according to people in the space. He was previously the Chairman of the CFTC and taught at MIT. President-elect Joe Biden will appoint Gary Gensler as US Securities and […]

CME Group will launch Ether futures in February 2021

The world’s largest financial derivatives exchange, CME Group, is planning to launch futures for Ether (ETH) next year. The first cryptocurrency they have listed was Bitcoin (BTC) in late 2017, Ether will be the second one due to increasing client demand, according to CME. CME Group, the world’s leading derivatives marketplace, announced that it intends to launch Ether (ETH) […]

Insurance giant MassMutual invests $100 million in Bitcoin

One of the largest U.S. insurance companies, Massachusetts Mutual Life Insurance Company (MassMutual), is acquiring a minority stake in Crypto asset manager NYDIG, while making a $100 million Bitcoin investment for its general investment fund. MassMutual is a U.S. based insurance company that serves five million customers worldwide. With over $37 billion in revenue, it […]

G7 finance chiefs support calls for crypto regulations

Finance Ministers and Central Bank Governors of the G7 nations are reportedly unanimous in their call for robust crypto regulations. From keeping up with China’s digital yuan efforts to maintaining monetary policy control capabilities, the financial architecture across these nations presumably has a lot at stake.The US Treasury Department revealed the news via a readout published on […]