• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Price & Market
Cap Data from
Nomics Logo Nomics Logo
Bitcoinist.com
No Result
View All Result
  • Home
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Trade
  • Play Games
  • Mining
  • Home
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Trade
  • Play Games
  • Mining
Bitcoinist.com
No Result
View All Result
Did US Filing Really Cause Bitcoin "XI" Pump?
Nexo

Did US Regulatory Filing Really Cause Bitcoin ‘Xi’ Pump?

Emilio Janus by Emilio Janus
1 year ago
in Bitcoin, Bitcoin Price, News, News teaser
0

As human beings, one of our greatest drivers is the desire to codify and make sense of the world around us. Never more so than when analysing bitcoin price moves. But the most obvious answer is not always the correct one. So was last month’s ‘Xi’ pump more to do with TD Ameritrade than China?


Bitcoin, Not Blockchain

Whenever we see a significant movement in Bitcoin price, either up or down, speculation is rife as to the cause. Last month’s 40%+ rally occurred directly following President Xi of China’s blockchain adoption speech. Therefore, the price of Bitcoin going up was readily attributed as a direct effect of this, despite Xi not mentioning Bitcoin or even cryptocurrency.

So were there any more likely contenders which might have prompted Bitcoin’s fourth biggest price jump of all time? Well, according to research from Bitcite, it was down to a regulatory approval occurring on the other side of the world, in the United States.

President Xi Outshines The CFTC

Whilst Xi’s speech got all the media coverage, it clearly wasn’t the only thing that happened before the price pump. Overshadowed perhaps, but still important, were two filings certified by the CFTC that morning.

The filings in question were for ErisX Bitcoin Futures and amendments to the ErisX rulebook, which also covers cryptocurrency trading outside of futures. The futures filing contains the following passage:

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

…listing of Physically Delivered Bitcoin Futures (the “Contracts”) on Eris Exchange’s electronic trading platform, anticipated to begin on or after December 1, 2019.

ErisX Is Backed By TD Ameritrade

Importantly, ErisX is backed by a certain TD Ameritrade, boasting 11 million retail customers and over $1 trillion in assets held. Ameritrade has been quietly testing Bitcoin spot-trading for a while now, and has also been offering futures products, although not to its retail customers.

According to the Ameritrade website, the availability of ErisX futures, “will be dependent on when ErisX completes its product development and obtains regulatory approval.”

With regulatory approval now gained, 11 million Ameritrade retail customers could have the door to crypto trading opened to them in the very near future.

What are your thoughts on what caused Bitcoin’s most recent rally? Add your thoughts below!


Images via Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Emilio Janus

Emilio Janus

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2021 Bitcoinist.com. All Rights Reserved.
  • Home
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Trade
  • Play Games
  • Mining

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.