Ex-Goldman Sachs Exec: ‘Nothing Else Has Payoff’ as BTC, FTC Did Not Yet Approve LedgerX' BTC Futures, & Other News

CFTC Did Not Yet Approve LedgerX Physically-Settled Bitcoin Futures: Report
As Cointelegraph reported yesterday, LedgerX said in an announced on July 31 that its physical futures offering was live on its Omni trading platform. However, the latest confirmation from the CFTC suggests that this could not have occurred. 

Ex-Goldman Sachs Exec Confident 'Nothing Else Has Payoff' as BTC
Raoul Pal, a former head of equities and equities derivatives at the Goldman Sachs UK office and the founder of Global Macro Investors and Real Vision Group, believes that Bitcoin is worth betting on in the long term — even if it's just a 1% chance.

As Bitcoin Price Soars, Some Say It's Time for Satoshis to Get a Symbol
A Quartz article published on August 1 notes — with Bitcoin currently circling $9,950 — that retail buyers are faced with the prospect of forking out a figure such as 0.0009950 BTC for their deli sandwich. That's why some in the community are therefore arguing for the broader adoption — and even the formalization of a symbol for the Satoshi. What would this symbol look like? Do you have any ideas? Send your versions in the replies. 

BitPay Says It Has 'Paused' Processing Bitcoin Payments in Germany
According to an email sent to Cointelegraph on Aug. 1., Bitcoin and Bitcoin Cash payment processor BitPay confirmed that it suspended its operations in Germany, citing regulation coming into effect next year in the country as the reason why the company decided to suspend its services. 

IRS Brazil Requires Reporting All Bitcoin Transactions Starting Today
Beginning today, Aug. 1, Brazilians are obligated to report on their crypto transactions with the country's Internal Revenue Service, including individuals, companies and brokerages, all kinds of crypto-related activities, as well as donations, barters, deposits, withdrawals and others.
 

See Cointelegraph's dive into the ways that crypto is changing adult entertainment 
Quote of the day

"We don't have a target for Bitcoin, but the prior high was $20,000. I think there's a good possibility that Bitcoin reattains that high this year"

Tom Lee
Fundstrat Global Advisors co-founder
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