What you'll learn 👉
NANO community impresses again
By claiming that NANO is everything what bitcoin should have been, one Nano community member promised to donate 0.1 Nano to the developers fund for every upvote he gets on his Reddit post. After 12 hours of being alive, the post has received 1300 upvotes and still going strong. Needless to say that the community was delighted with his idea. We already mentioned on couple of occasions that Nano community is one of the most inclusive and welcoming ones in the crypto world. There are numerous actions and projects emerged from the fans and Nano holders that truly enrich the Nano ecosystem.
Ethereum to crowdsource their CFTC questionnaire
Staying true to the cryptocurrency leaderless and decentralized ethos, Ethereum community has started a crowdsourced response to the CFTC questionnaire.
In order to improve the commission’s understanding of Ethereum and its underlying technology, the CFTC has announced its intention to publish a respective Request for Information (RFI) with the Federal Register. And Ethereum supporters started this repo on Github.
According to the statement, all public comments to the Ethereum-related RFI will be accepted within 60 days after publication in the Federal Register. In addition, the commission noted that the results of the RFI will assist the CFTC’s fintech initiative called LabCFTC.
Fidelity and Nasdaq mean business
Fidelity and Nasdaq are continuing to strengthen the infrastructure around Bitcoin and crypto as a whole. The two firms invested $27.5m last week in a crypto futures exchange.
Even though many crypto fans are skeptical about the impact the futures will have on the bitcoin price, this is a $27.5M investment into a physically backed/delivered futures exchange which is an important distinction to the cash settled futures.
Cash settlement is a settlement method used in certain futures contracts where you don’t have to make or take delivery of the underlying asset at the expiration of the futures contract. Instead, your account is either debited or credited with cash. Physical delivery is a settlement method where you have to make or take delivery of the underlying asset at the expiration of the futures contract. Typically physical delivery is specified in futures contract where the underlying asset is a physical commodity.
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