- Content source
- http://thehackernews.com/2015/09/bitcoin-commodity.html
Bitcoins are making their way, in Bits and Pieces.
In a recent report The Hacker News (THN) had mentioned about banks adopting the Blockchain Technology from Bitcoins; to create a safe and secure distributed ledger.
Now, last week U.S. Commodity Future Trading Commission (CFTC), has added Bitcoins and other virtual currencies to the commodities basket which previously includes Gold, Crude Oil, foreign exchange, and Stocks.
CFTC is an oversight committee of the USA, established to protect the interest of the people who have invested in any of the commodities by ensuring the conduct of no malpractices. The commodity swaps are working according to the Commodity Exchange Act (CEA).
In a recent report The Hacker News (THN) had mentioned about banks adopting the Blockchain Technology from Bitcoins; to create a safe and secure distributed ledger.
Now, last week U.S. Commodity Future Trading Commission (CFTC), has added Bitcoins and other virtual currencies to the commodities basket which previously includes Gold, Crude Oil, foreign exchange, and Stocks.
CFTC is an oversight committee of the USA, established to protect the interest of the people who have invested in any of the commodities by ensuring the conduct of no malpractices. The commodity swaps are working according to the Commodity Exchange Act (CEA).
