LedgerX has launched its first Bitcoin (BTC) price volatility index. The launch of LedgerX Volatility Index (LXVX) was revealed to Cointelegraph by the company’s spokesperson on Jan. 14. LedgerX is a cryptocurrency asset manager regulated by the United States Commodity Futures Trading Commission (CFTC). The official press release shared with Cointelegraph explains how the index is formed: “The LXVX incorporates the level of fear and uncertainty in the bitcoin market, and thus can be thought of as the "bitcoin fear index," in the same way the VIX is commonly referred to as a stock market fear index by market commentators.” …
As is always the case in markets and investment, not everyone is looking to go with the grain. There is an emerging bear market looking to bet on a Bitcoin bust in the hopes of shorting the market, but this could be a positive move for the digital currency. There are alternatives to simply buying into Bitcoin, such as banking on derivatives, and alternatives in order to short the market, but soon people will be able to bank on it all going bust. Bitcoin futures While nothing is official yet, there is talk coming out of places like The Chicago …
In March, the Securities and Exchange Commission (SEC) issued its eagerly awaited ruling on the Winklevoss Bitcoin ETF proposal: denied. Finance and media pundits and immediately declared that Bitcoin wasn’t ready for the mainstream, and Bitcoin's price quickly dropped. But then something strange happened: shortly after the reject, the price of Bitcoin began soaring, from around $1,100 at the time of the ETF decision to $3,430 today. Along the way, something even stranger happened. A different regulator, the Commodities Futures Trading Commission (CFTC), approved LedgerX’s proposal to launch a regulated Bitcoin futures market. Who are these regulators, and why are …