United States Commodity and Futures Trading Commission (CFTC) commissioner Brian Quintenz has suggested that participants in the cryptocurrency industry should create a self-regulatory structure. Quintenz made his remarks during a Bipartisan Policy Center panel held on Feb. 12. More precisely, Quintenz said that because of the CFTC’s lack of crypto statutory oversight capability, he suggested that crypto “platforms come together to form some type of self-regulatory structure where they can discuss, agree to, implement, and hopefully examine or audit.” According to Quintenz, such an organization could carry out audits concerning conflicts of interest, business conduct, insider trading, redemptions, custody and …

Matt Hougan, Global Head of Research at Bitwise Asset Management and president at ETF.com, expressed his idea that most cryptocurrencies will die in an interview with Bloomberg published on Feb. 5. During the interview, Hougan declared that he thinks that “there are 2,000 cryptocurrencies out there, 95 percent of them are useless and will die a painful death” and concluded: “The sooner that happens, the better.” According to Hougan, there is a lot of what he defines as bubble-related bad activity in the crypto industry that is currently “getting cleared up.” He also said that he expects important things will …

Huobi Group plans to launch the company’s first cryptocurrency exchange — which will be dedicated to EOS — in the first quarter of 2019, according to a press release sent to Cointelegraph on Dec. 29. The exchange will be reportedly launched by Huobi Pool, the group’s cryptocurrency mining arm. Cao Fei, the CEO of Huobi Pool, described the launch of the EOS exchange as “the next logical step in our support” as an EOS Block Producer (BP). The release states that the exchange will allow clients to trade in the altcoin EOS against several other cryptocurrencies. Huobi is currently the …

Cryptocurrency exchange Huobi’s derivative market now supports altcoin EOS, according to an official press release shared with Cointelegraph on Dec. 28. Huobi is currently the third-ranked cryptocurrency exchange by adjusted volume on CoinMarketCap, with around $505 million in 24 hour volume at press time. Traders will reportedly be able to take both long and short positions on EOS. The decision to create the derivative contract is part of the exchange’s “ongoing efforts to address customer demand.” According to the press release, the contract will support price limit, order limit and position limit orders at up to 20x leverage. The fees …