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"Virtual money is officially a commodity, just like crude oil or wheat."
"By this action, the CFTC asserts its authority to provide oversight of the trading of cryptocurrency futures and options, which will now be subject to the agency's regulations."
"Tech giant developing its own version of blockchain technology, plans to release open source software within next few months"
"They are modifying the original bitcoin code to operate without currency, ensure that contract details remain private and make it easier for companies to embed business rules into their smart contracts—for example, automatically paying for a package upon delivery."
" For example, the company could have its ledger managed by a consortium of businesses."
Nine of the world's biggest banks on Tuesday threw their weight behind blockchain, the technology that powers bitcoin.
Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, JPMorgan, State Street, Royal Bank of Scotland, and UBS have all formed a partnership to draw up industry standards and protocols for using the blockchain in banking.
The partnership is being led by R3, a startup with offices in New York and London headed by David Rutter, the former CEO of ICAP Electronic Broking and a 32-year veteran of Wall Street.
Well this is two separate issues and I've got too much code to write to get sidetracked opining about the future of cryptocurrency
Of course tech giants are all over it but so is the financial world in particular. I've seen recent announcements about VISA, NASDAQ, etc and then there's this: