By CCN Markets: Hackers who paralyzed Florida’s Riviera Beach City’s IT infrastructure are about to laugh all the way to the bank. This is after the Riviera Beach City Council voted to authorize the city’s insurer to meet the ransom demands of the hackers who planted ransomware in the city’s computer systems. The hackers have been demanding 65 bitcoins, worth over $ 606,000 at the current bitcoin price, per The Palm Beach Post. Quick bitcoin ransom payment Perhaps as an indication of the urgency of the matter, the council voted unanimously in two minutes the board to authorize the payments. The
The Financial Services Agency of Japan is considering approving exchange-traded funds which track digital assets, Bloomberg reports. According to sources who confided in Bloomberg, the financial regulator is at the moment gauging sector interest in exchange-traded funds tracking cryptocurrencies. This comes less than a month since the financial watchdog put aside plans for cryptocurrency futures.
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Thailand’s Securities and Exchange Commission (SEC) has reportedly revealed that it expects to approve the country’s first portal for initial coin offerings (ICOs) this month, with ICO approvals to follow. According to the country’s crypto regulation, a portal’s role is to examine companies planning to launch an ICO.
Approval Expected in November
The Thai SEC expects to approve the country’s first ICO portal this month and the first ICO next month, local media reported on Thursday. Rapee Sucharitakul, secretary-general of Thailand’s SEC, was quoted by the Nation as saying:
Reggie Browne, who is a senior managing director of the ETF group at Cantor Fitzgerald, isn’t holding his breath for a bitcoin ETF. Despite the determination of crypto asset managers jumping through hoops to satisfy US regulators, Browne, who earned the nickname as “the Godfather of ETFs” from Forbes for his influence over the $ 4.7
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Coinbase has secured approval from New York state regulators to act “as a limited purpose trust company” in the state, a press release reveals.
According to the release, the New York Department of Financial Services (DFS) has officially signed off on an application for the Coinbase Custody Trust Company, a subsidiary of Coinbase Global, Inc. With the approval, Coinbase is now authorized to provide custody services in the state of New York for bitcoin, ethereum, bitcoin cash, litecoin, ethereum classic and XRP, the last of which is the only cryptocurrency not yet listed on Coinbase’s platforms.
The Thai financial regulator is expected to approve five ICO projects once the new regulatory framework takes effect this month. Out of 50 ICO projects in the country, only five satisfy the registration requirements set out by the regulator this week.
Five ICO Projects Expected to be Approved
The Thai Securities and Exchange Commission (SEC) is expected to approve five initial coin offering (ICO) projects once the law to regulate cryptocurrencies and ICOs goes into effect, according to the Bangkok Post. The Commission approved the relevant regulations earlier this week and expects them to become law by the end of the month, as news.Bitcoin.com previously reported.
Bitcoin futures from CME Group and CBOE will “begin by year end,” US regulators have said as they give trading the official green light Friday.
CTFC: Products Have Met Requirements
As Reuters and others report, weeks after CME announced it intended to launch Bitcoin futures trading in a landmark move for the cryptocurrency, the Commodity Futures Trading Commission (CTFC) has finally confirmed its legitimacy.
Additionally, Cantor Exchange will offer regulated Bitcoin binary options.
“Bitcoin, a virtual currency, is a commodity unlike any the Commission has dealt with in the past,” CFTC Chairman J. Christopher Giancarlo said in a press release.