Recent CFTC Ruling Challenges Bitcoin And Digital Finance …

Since its inception, digital currencies like Bitcoin and digital finance have troubled governments and regulators across the globe. Some countries have chosen to classify these digital assets as legally recognized currencies because of their use by consumers, while other nations have chosen treat them as an illicit tool and banned their use outright. The United States is no exception to this legal scrutiny: the Internal Revenue Service has deemed Bitcoin is property, Obama released an executive order earlier this year allowing the government to seize digital currency without prior notice or due process, and most recently, the Commodities and Futures Trading Commision (CFTC) issued a statement that Bitcoin is indeed a commodity. This new decree is causing the legal teams of every major exchange in the space to scramble for regulatory compliance, lest they be forced to close doors like the unfortunate California based exchange Derivabit/Coinflip. One such firm has patiently awaited legal clarity regarding financial compliance and is preparing to go live.

Alt-Options is a Boston-based financial services company that offers a platform to trade Bitcoin derivatives in order to hedge risk and speculate efficiently. Their advance trading platform allows for scalability, as their exchange is not limited to a single derivative product or digital currency; additionally, their website is available in both English and Chinese Mandarin. The company has just released their public beta for paper trading and is filing paperwork to be compliant with the recent change in CFTC regulations.

Mining and Bitcoin storage is a risky venture due to price volatility. A financial option offers alternatives to miners selling their holdings by using the AOEX platform to either mitigate risk or gain extra income from selling contracts. Additionally, one can lock in the price they wish to buy or sell Bitcoin for a small premium. The AOEX platform attempts to mitigate price risk for its users in the safest way possible, by offering a wallet service that will be insured up to $250,000.


Likewise, the Alt-Options updated platform caters to the needs of seasoned option traders. A new, robust analyzer engine allows traders to back test their option trading strategy and related risk without committing to any positions. The P&L (profit and loss) graph and scenario analysis give user a clear expectation of their potential earning/loss from each potential trade.

Analytics Page Includes:

• Advanced profit and loss graph
• Sensitivity analysis on expiration date & underlying
• Real time portfolio Greeks & risk analysis
• Strategy analyzer (multi-leg positions)

Source: Alt-Options

Alt-Options is working with several partners in the Bitcoin space to hold a paper (mock) trading competition to test their platform. A number of organizations such as the College Cryptocurrency Network and notable universities (Boston University, Yale, Carnegie Mellon) have already signed up for this event to compete alongside professional traders. Participation is completely free and top winners will receive cash and other prizes. The competition will be held during the first week of October more info can be found here.

Sign up for Alt-Options Bitcoin Trading today.

*Content Provided and Co Authored By Carole Anne Vetter

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Originally Launched in March of 2014 Canada eCoin [CDN] is a scrypt algorithm digital currency with merge mine-able support that over the course of the last year has seen it’s share of challenges within the cryptocurrency ecosystem.

The original developers seem to have all but given up on the project over the course of the last few months but just recently their has been a resurgence of this coin as it looks as if community members have taken over the development moving forward…

Community members have released the following statement with regards to Canada eCoin [CDN]:

“Please keep in mind, we are not the creators of the Canada eCoin [CDN] nor are we affiliated. We are just interested parties who wish we would have seen more from this coin from the start. So, we are going to do what we think should have been done in the first place. We are not aware of what happened to the original creators of this coin and we hope we are not stepping on any ones toes as
the community will take over development path of Canada eCoin [CDN] from this point on. Thanks for all the support from community members around the world, it is obvious we are all now on the right path.”

“DISCLAIMER: We are not affiliated in any way with the owners/creators of the Canada eCoin project or with any government or government agency. We are all Canadians, this is a team thing.

TO THE NAYSAYER: We don’t believe our coin or any other are intentionally created to be used for bad things. We think that the abilities wrapped up within a blockchain are exciting and interesting. We also believe that when governments around the world learn how to use one properly they will be joining in on all the fun.”

New developers of Canada eCoin [CDN] are currently working on bringing applications together to serve as consensus gathering and distribution tools, a general forum and will also be updating the core of Canada eCoin [CDN] to include all bug fixes from it’s mother-coin Litecoin.

Developers are planning to create the Canada eCoin Foundation for tracking of projects, people and funding and will be asking the users of the Canada eCoin to vote forward the features and structure of the organization. The Canada eCoin team encourages all users to join the Canada eCoin Foundation when launched as it will serve as a body for a unified voice.

Details of specific applications and time-lines are unpublished currently due to re-organization and schedule changes which depend on funding and manpower. As the foundation gets established all of these details will become public knowledge and consensus driven.

Developers further state:

“Patience is appreciated as we are all family oriented employees who donate their time to do this work out of the goodness of our hearts. We are working for free now so our children can be free later.“

A published ‘birds eye view’ of a work-path for expanding blockchain technology into service delivery using Canada eCoin and Ethereum as public ledgers with the intention of creating GigaGeek DAO, a peer-to-peer service delivery platform which will be publicly owned using a third blockchain (Asset, GigaGeek Peer Share)

Addition of Canada eCoin CDN into Coinomi (Universal Bitcoin Wallet & the launch of two Mercury Servers (more Electrum) has been successful giving Canada eCoin CDN an extra boost in it’s goal of also being added to in the near future.

Developers are also working on a community social network using BitVote and Ethereum for consensus gathering, a rewards program for contributors (and on/off-line verification) as well as a new Twitter-Bot to engage users and give away Canada eCoins (@CanadaeCoin)

They also have outlined a road map here for more information:

The new regime of developers stem from GigaGeek headed by Jason (koad) Zvaniga (owner & operator of GigaGeek Industries, a digital living concierge and consultancy company)

About The Developers:
“We are a team of Bitcoin enthusiasts that came together to pick up where the creators of the Canada eCoin project left off. We have been working on this project like it’s our full time job because we are excited about the blockchain and the possibilities it affords our evolution in and out of the financial sector”

Canada eCoin runs 20x faster than Bitcoin. This results in lightening fast confirmations so Canada eCoin can be used in face-to-face retail with ease. Canada eCoin’s 30 second block target means you can have 10 confirmations within 5 minutes.

The Canada eCoin and Sidechain Development Team, est 2015 is User Experience Centric. This means that the main focus in the development of this bleeding edge technology will always be based around the comfort and trust of the user.

Along with the standard Bitcoin style apps that are well known and easy to use, Canada eCoin has many projects evolving to help make it superior to those who are new to the cryptocoin world while making it super effective and efficient for the expert.

Canada eCoin is an open-source cryptography project featuring a public blockchain, merged-mining support and an all Canadian advanced multi-agenda research and development team.

Operating Metrics:
– 30 second block/confirmation target
– 100 million coins total
– Mining Algorithm: Scrypt – Merged minable as per Unified Scrypt Coin (USC)      codebase (DEC-2013)
– 120 block maturity
– block halving interval: every 500,000 blocks (or about every 173.6 days)
– difficulty adjustment target: once daily

Network Ports:
– Mainnet – RPC:34331 – P2P:34330
– Testnet – RPC:41331 – P2P:41330

Canada eCoin can currently be traded on Bleutrade exchange and is in the process of being voted onto Cryptsy and Cryptfolio and now has a live pool at

Canada eCoin [CDN] also has plans to collaborate with a number of projects within the ecosystem moving forward into the future though nothing is in concrete just yet… developers have been reviewing collaboration with start-ups Bountyshares, CoinRaQ and others that can show a solid, consensus based, use case driven nature to projects.

In conclusion Canada eCoin has always performed well technically in retrospect but has faced some challenges along the way as many coins including Bitcoin have over the last couple of years.

However, Canada eCoin has weathered those challenges and through it’s dedicated community and development team it looks as if Canada eCoin has a very bright future and should be considered a solid cryptocurrency that has stood the test of time unlike many coins “THAT HAVE COME AND GONE”
ceasing to exist within a 30 day time span…

Canada eCoin has shown to have staying power and the trust of a hard working community who has managed to keep Canada eCoin “ALIVE and KICKING”.