If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Posted on 10/22/2021 2:02:34 PM PDT by aMorePerfectUnion
Cboe’s acquisition of ErisX provides it with the opportunity to grow tremendously by “blending the best of both” traditional and crypto markets, Deters said
While the company is acquiring ErisX, it will be a separate subsidiary from Cboe and will operate under its digital asset business as Cboe Digital, Deters said
Cboe Global Markets has agreed to acquire crypto spot and futures market provider Eris Digital Holdings (ErisX), at a time when the digital asset space continues to boom.
The deal is expected to close in the first half of 2022, subject to regulatory approvals and other closing elements, the company said in a statement.
“This deal gets us into digital assets,” John Deters, executive vice president and chief strategy officer at Cboe Global Markets, told Blockworks in an interview. Cboe’s acquisition of ErisX provides it with the opportunity to grow tremendously by “blending the best of both” worlds between traditional finance and crypto markets, Deters said.
By Jacquelyn Melinek / October 21, 2021
Cboe’s acquisition of ErisX provides it with the opportunity to grow tremendously by “blending the best of both” traditional and crypto markets, Deters said While the company is acquiring ErisX, it will be a separate subsidiary from Cboe and will operate under its digital asset business as Cboe Digital, Deters said
Cboe Global Markets has agreed to acquire crypto spot and futures market provider Eris Digital Holdings (ErisX), at a time when the digital asset space continues to boom.
The deal is expected to close in the first half of 2022, subject to regulatory approvals and other closing elements, the company said in a statement.
“This deal gets us into digital assets,” John Deters, executive vice president and chief strategy officer at Cboe Global Markets, told Blockworks in an interview. Cboe’s acquisition of ErisX provides it with the opportunity to grow tremendously by “blending the best of both” worlds between traditional finance and crypto markets, Deters said.
ErisX operates a US-based digital asset spot market, a futures exchange and clearing house regulated by the Commodity Futures Trading Commission (CFTC). Its clearing house is also registered with FinCEN as well as licensed in many US states, the company said. Cboe is a global provider of market infrastructure and tradable products with an average amount of $78.14 billion traded on its US Equities exchanges daily.
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
PING!
Taking money management away from The Fed could turn out for the better.
In before the Tulip people pile on.
Good way to take the pressure off the commodity markets and precious metals.
I understand it, but then again, do not.
Will not invest in it.
The governments of the world could very well decide to short circuit the challenge to governmental currency.
I still think TPTB are allowing this to see how it develops and how it can be used and controlled.
If you’re going to postulate about TPTSB shutting down Bitcoin (the only crypto that matters) you should flesh out exactly how they might do it.
Bitcoin is its network, and the network is global and growing by the second. You can’t block me from Bitcoin unless you can block me from the Internet. The Internet is probably the most robust and survivable mechanism possible with current technology. As long as there are a handful of working nodes, there is an Internet. Same is true of Bitcoin.
Tell me I won’t be able to convert Bitcoin to dollars. So I can tell you that’s the last thing I want to do, to trade the money of the future for paper trash.
You’d have a better chance of eradicating roaches to extinction than you would Bitcoin. The only way I see is for the whole world to go dark and stay dark. Instant return to the 19th century, that would do it.
De-fi: Decentralized finance. Elites DO NOT like this concept.
Agreed. With what I understand about how this works, it will be VERY difficult to shut it down. No central location, computers all over the globe. 20 years ago nobody knew they were going to be doing EVERYTHING on their PHONE. What will digital currency, with no central authority, look like 20 years from now? I’m betting some cash on it.
I have looked into it and have seen the requirements for reporting. It is not anonymous although each transaction is opaque.
No, you wouldn’t be blocked or shut down. But the governments of the world have infinite ability to tax, impede and cause logjams. Heaven help you if you try to bypass the IRS if you sell and have a sizeable profit in coin. Offshore? You are still a number they know, and I am not writing of your wallet either.
“Tell me I won’t be able to convert Bitcoin to dollars. So I can tell you that’s the last thing I want to do, to trade the money of the future for paper trash.”
So you will acquire assets?
Bfl
April 5, 1933, one month after taking office, Roosevelt used the powers granted to the president by the Trading with the Enemy Act of 1917 to make gold ownership illegal. He issued Executive Order 6102, which made gold ownership--both in coins and in bars--illegal for all Americans and punishable by up to ten years in prison.
2028 - President Joe Blow uses his powers to make all crypto transactions--illegal for all Americans and punishable by up to ten years in prison.
If Bitcoin is a mania, it has lasted for 12 years or so.
Already did. Bitcoin is the asset at this phase. One day it will be base layer, and it will be fiercely scarce.
If the political environment in 2028 or anytime is permissive of such tyranny, we'll have bigger problems than just Bitcoin.
The people will not be crushed indefinitely, especially once a core element understands the stakes. Maybe the ultimate purpose of Bitcoin is to be the rock upon which the criminal syndicate is dashed to pieces.
I understand that many foreign countries are shifting to crypto to get out from under the U.S. Dollar thumb.** This, let alone public acceptance, will armor plate it.
A secondary shield is the millions that will be made in the new ETF market. Powerful people with money will buy off any Congressman who wants to rein it in.
I'm too old to get in now and am depending on precious metals to conserve what little wealth I have, but by God, if I was younger, I'd be in it just for the thrills and chills. :-)
**One of our government's many mistakes was weaponizing the Dollar by slapping sanctions on governments we didn't like. I'll warrant Iran will be one of those embracing crypto.
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