FxNet, a CySEC-regulated Forex and CFD broker informed on Tuesday that is will remove Bitcoin from its trading instruments.
Bitcoin was added to its instruments’ offering last August, being listed amid CFDs on shares.
FxNet reported that starting from March 29, 2016, opening new positions with bitcoin will be unavailable while all current positions should be closed.
The broker provided no further explanation for the change but stated that it offers more than 60 global shares to investors, and over 100 trading instruments in total.
To see the full announcement from FxNet, click here.
MIT raised $900,000
MIT reported on Tuesday that it has raised $900,000 to fund the work of three bitcoin developers.
The Bitcoin Developer Fund, supported financially by venture capitalist Fred Wilson, LinkedIn co-founder Reid Hoffman and others is planning to provide the three bitcoin coders an academic platform from which they could work.
MIT’s Digital Currency Initiative (DCI) director Brian Forde informed that the university’s role is to provide support to these coders, what is a part of the academic community’s responsibility to create a place where bitcoin’s developers can continue in their work.
Among the donors to the fund was BitFury, Bitmain, Chain, Circle and Nasdaq and venture capitalists Jim Breyer, Jim Pallotta, Jeff Tarrant and Fred Wilson and Reid Hoffamn.
The money was provided as “unrestricted gifts”, what is helping the developers to avoid being obtained by the donors.
Still, the bitcoin scaling debate plays a role in the Boston-based university’s decision to help raise the fund.
While the network’s developers, including those with the ability to implement changes decided upon by members of the community, have been struggling to resolve the debate they have experienced increasing demands on their time, according to Forde.
Forde added that academia has a responsibility to accept bitcoin development as an area of academic interest and create places for the developers to work.
“It’s important for academia to provide a platform to think about and espouse academic ideas,” stated Forde. “We would love for other academic institutions to do the same.”
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