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Top stories in the Crypto Roundup today:

  • Bakkt Launches CFTC-Regulated Bitcoin Options Contracts and Cash-Settled Futures
  • Amun Gets Regulatory Approval to Offer Crypto Exchange-Traded Products in EU
  • Huobi’s U.S. Partner HBUS is Shutting Down, But Plans on Returning

At the time of writing, bitcoin (BTC) is trading at $7,333.36 (-2.36 %) with a daily Top Tier volume of $1.68 billion. As for ether (ETH), it is trading at $147.28 (-1.60%) with a daily Top Tier volume of $298.60 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,448.62 (-1.12%).

 
 
24 hours chart of the price of BTC
 

Bakkt Launches CFTC-Regulated Bitcoin Options Contracts and Cash-Settled Futures

 

Bakkt, the Intercontinental Exchange’s crypto derivatives subsidiary, has launched the world’s first Bitcoin options contracts and cash-settled futures contracts approved by the Commodity Futures Trading Commission (CFTC).

Both will use Bakkt’s physically-settled bitcoin contracts as a benchmark. In a blog post Adam White, Bakkt’s COO, compared the Intercontinental Exchange’s Brent Crude Oil Futures, which he claims to be one of the most important contracts it ever came to offer, to its ambitions regarding bitcoin. White wrote:

“By starting with the physically delivered Bakkt Bitcoin (USD) Monthly Futures, we have a benchmark contract which provides the foundation for us to develop complementary products based on the needs of our customers.”

The ICE launched a number of swaps, options, and futures contracts based on its crude oil product. The platform’s COO also added a link for those interested in signing up for Bakkt’s crypto “consumer app,” which is set to be launched next year.

 
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Amun Gets Regulatory Approval to Offer Crypto Exchange-Traded Products in EU

 

Swiss fintech firm Amun AG has received regulatory approval to expand its offerings within the European Union, as the Swedish Financial Supervisory Authority (SFSA) approved its base prospectus to offer investment products tied to cryptocurrencies.

Amun currently offers nine cryptocurrency exchange-traded products (ETPs) in Switzerland and Germany, including products tied to BTC, ETH, XRP, and more. These ETPs let investors gain exposure to the cryptocurrencies without having to hold them directly and managing private keys.

The Swedish regulator’s approval means Amun can list its cryptocurrency ETPs on regulated exchanges not only in Sweden but in the European Union. The approval, according to Amun’s president Ophelia Snyder, took four months of consultancy period to get.

Speaking to The Block Amun’s CEO Hany Rashwan noted the SFSA is a “forward-thinking regulator” and that Sweden has a “highly crypto-engaged population.” He added Amun’s ETPs will be listed on “three European exchanges by the end of 2020.”

 
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Huobi’s U.S. Partner HBUS Is Shutting Down, but Plans on Returning

 

Huobi Group’s cryptocurrency exchange in the United States, HBUS, is shutting down its operations after being in business for little over a year, but in its announcement noted it plans to “return in a more integrated and impactful fashion” as part of its strategic layout.

Trading on the cryptocurrency exchange will no longer be available from December 15 at 23:30 ET, however its users will be able to access their accounts to withdraw their funds until January 31, 23:00 ET.

A page on frequently asked questions encourages users that do not meet the minimum withdrawal requirements to look into converting their holdings to other cryptos or fiat to see if they can meet the minimums.

The move comes roughly a month after Huobi Group announced it had to force its U.S.-based users to use HBUS to comply with U.S. laws. While HBUS is shutting down, Huobi Group itself appears to be growing, announcing recently it would join a blockchain alliance led by the Chinese government.

 
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Meet Utopia: The All-In-One App for Privacy-Conscious Cryptocurrency Users

Every internet user should worry about privacy, but cryptocurrency users, in particular, should be more aware that their every move online is being tracked by advertisers and other entities, as their data is worth something.

Edward Snowden became a famous NSA whistleblower after he revealed the government violates people’s right to privacy on a regular basis, using the guise of security. 

People need privacy in their daily lives and there are far more legitimate use cases for privacy-oriented software than there are illegitimate ones.

So far it’s been very challenging to remain private. Specialized software and a lot of technical skill have been necessary. That is until the launch of Utopia, an all-in-one app for total privacy in the Internet.

The Utopia Network

As mentioned, Utopia is a privacy-centric p2p network for those looking to secure their online lives and control their own data, instead of having it sold to other companies as if they were a product. The Utopia Network offers its users anonymity, censorship-resistance, and freedom.

This as it’s a peer-to-peer network that allows its users to securely communicate with each other, send funds to other Utopia users, and interact in other ways without the involvement of any third parties. It does this by encrypting account data and keeping it on users’ devices.

Utopia’s features include an instant encrypted messaging application with text and voice messaging, and even secure spam-free e-mail client called uMail.

Despite the privacy-centric approach it’s still possible to send files of any size to contacts through the Utopia Network, and even with images through a built-in viewer. Funds can also be safely transferred thanks to the uWallet, a cryptocurrency wallet built-in to Utopia Ecosystem that supports its native Crypton (CRP) crypto.

 
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