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The first VET transaction in the cryptocurrency industry took place with Skyblock Coins Shop

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The platform for trading ED&F Man Capital Markets futures and the cryptocurrency exchange for institutional investors, itBit performed the EFP transaction for the exchange of bitcoin-futures for a physical asset. This is what the CCN writes .

The participants in the transaction state that they completed the first VET transaction in the history of the cryptocurrency industry through the Mercantile Bank of Chicago (CME Group).

“Every day we conduct VET transactions for our clients on soybean, cereal and treasury assets. The VET transaction on CME is an important step towards developing a regulated market for digital currency derivatives ,” said Brooks Dudley , representative of ED & F Man Capital Markets.

ItBit CEO Paul Cevadini is convinced that such institutional solutions will help calm the differences in the cryptocurrency market. Learn more about  Skyblock Coins Shop

Prior to this transaction, the US Futures Trading Commission (CFTC) only approved futures contracts based on transactions in which they were made in a fiat currency. This type of transaction implies that, after the expiration of the contract, the investor will receive only the monetary value of bitcoin, and not the cryptocurrency itself.

Keep in mind that after this news, the managing partner of the hedging fund BlockTower Capital, Ari Paul, stated on Twitter that the volume of bitcoin-futures transactions on the CME and CBOE sites has increased dramatically.

Following the App Store, cryptocurrency mining applications will disappear from Google Play

Google has released a new version of the rules for Android application developers, according to which several new categories of programs fall under the ban, including applications for mining bitcoin and other cryptocurrencies. This is reported by  Android Police .

In June, Apple took a similar step by removing not only cryptocurrency mining apps from the App Store, but also programs that offer digital currency in exchange for performing tasks, such as social media posts. At the same time, the ban did not cover cloud mining applications.

There are currently many mining cryptocurrencies on smartphones in the Play Store, but they should be removed in the near future. It is worth noting that the demands for the management of mining farms will remain in the store.

Applications for the purchase or manufacture of explosives, firearms and ammunition have also been banned. Google has also taken care of children – programs that attract small users but have adult content are banned.

The search giant has also drawn attention to many virtually identical programs. Programs created by automated utilities and published by the operators of such a service are now banned. Google’s representatives describe this category of banned programs as “copies of applications with very similar content and user experience.”

In addition, under the ban were applications with the dominance of advertising, where for any user action the program displays advertising, as well as the category of software that deliberately deceives users.

 

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