Kentucky and 26 other US states consider hemp cultivation and processing as legal. Industrial hemp and its derivatives are widely used in fabrics, shampoo, plastics, building materials etc. To avail the potential business opportunity, Seed CX has raised fund for $3.42 million aiming to run a platform for hemp and its derivatives.
US Commodity Futures Trading Commission
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The shuttering of Mt. Gox did not only showcase the dangers of the crytocurrency, it also unnerved the more nascent Bitcoin derivatives market, Bloomberg reported.
CFTC was close to a compromise on how the regulator's rules applied to foreign corporations dealing with banks in the US.
The CFTC would be conducting a formal meeting to discuss its new rule on swaps.