U.S Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against crypto exchange BitMEX’s co-founders Arthur Hayes, Ben Delo, and Samuel Reed and accused them of operating an “unregistered trading platform” and for violating CFTC regulations which includes breaking the anti-money laundering rules, according to a 40-page complaint published by the CFTC today. According...Read More
U.S Representative of Texas, Congressman Michael Conaway introduced a new bill that, if passed, would offer a way for the U.S Commodity Futures Trading Commission (CFTC) to streamline all state-based regulatory requirements for US-based crypto exchanges, under a single framework, according to a draft of the bill uploaded today. This proposed legislation would build on...Read More
The U.S Commodity Futures Trading Commission (CFTC), which regulates virtual currency derivatives, today announced that it has approved cryptocurrency exchange LedgerX’s requests to remove the “digital currency” limitation. Under this new amended order, LedgerX is now authorized to clear products not directly connected to cryptocurrencies. According to the release: Under the amended order, LedgerX is...Read More
U.S government agency, CFTC or the Commodity Futures Trading Commission, today charged 20 entities, among which some were crypto traders and exchanges, for making false claims of having CFTC registration and National Futures Association (NFA) membership. These are mandatory registrations that allow exchanges to offer services related to trading in digital assets, derivatives, and forex...Read More
Abra has come under fire from U.S. regulators for offering illegal swaps to U.S. retail investors. This sets an alarming tone for the decentralized finance field, which is currently booming. SEC and CFTC Fine Abra $300k According to a press release by the U.S. Securities and Exchange Commission (SEC) on Monday (July 13, 2020), Abra...Read More
The US Commodity Futures Trading Commission (CFTC) published a new set of regulations for derivatives assets, including cryptocurrencies. The agency is developing comprehensive rules for digital assets to promote innovation in the field. CFTC’s New Legislation For Cryptocurrencies The CFTC is the US’s derivatives regulator. According to the chairman, Heath P. Tarbert, derivatives, including futures,...Read More
The Commodity Futures Trading Commission (CFTC) has submitted a document to the New York Southern District Court to secure a default judgment against Benjamin Reynolds, the director of alleged fraudulent cryptocurrency scheme Control-Finance. According to reports from Finance Feeds, Reynolds failed to plead or defend the CFTC’s action, thus forcing the regulator to obtain a...Read More
Discussions around Bitcoin and cryptocurrencies, in general, have reached the high seats of investment banking. This becomes clear as the behemoth multinational investment bank Goldman Sachs hosted a conference call headlined US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin. Perhaps somewhat expectedly, the banking giant used its platform to bash...Read More
There has never been a shortage of cryptocurrency scams, nor will there be in the future. Two companies involved in a recent binary options scam have now been fined by the CFTC. When looking at crypto trading platforms, it is pertinent to separate the real ones from the fake. CFTC Hammers Down on Crypto Scams...Read More
Ethereum Futures might be the next significant product coming to the cryptocurrency scene, said the CFTC Charmain, Heath Tarbert. Furthermore, he expressed his hopes once again that the United States can lead the race for both digital assets and blockchain adoption. This aligns with Bakkt plans, as CryptoPotato reported this week. Ethereum Futures Coming Soon? Bitcoin...Read More
In a recent interview with Cheddar, Heath Tarbert, Chairman of the CFTC, sat down to talk about Phase 1 of the upcoming U.S.-China trade deal, slated to be signed on Wednesday of this week. According to Tarbert, the trade deal will “be an immense success,” and that once the agreement is signed, we’ll start to...Read More
The U.S. cryptocurrency scene might be on the way to seeing clear cut crypto regulations as Congress prepares to consider a new bill detailing modalities for digital asset oversight. Clear Definition for Digital Assets According to Forbes, the proposed bill titled ‘Cryptocurrency Act of 2020’ seeks to provide a clear framework for crypto regulations in...Read More
Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S. Financial Crimes Enforcement Network (FinCEN) and is currently approved to operate in 44...Read More
Bakkt has launched two new regulated bitcoin derivatives products. Within hours of launch, Bakkt announced that over 1,000 futures contracts had been traded in Asia. The platform now offers four types of regulated bitcoin derivatives products: monthly and daily physically delivered bitcoin futures, cash settled bitcoin futures, and options on monthly bitcoin futures. Also read:...Read More
The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets Bitcoin Futures...Read More
In a relief rally for the investors, Bitcoin price jumped 6% to move above $10,000 levels. With today’s move Bitcoin alone contributes to 70% of the overall cryptocurrency market cap. The Bitcoin price is finally back above its crucial support of $10,000 levels giving its investors a sigh-of-relief. Last week, Bitcoin crashed below $9500 making...Read More
VC firm Andreessen Horowitz Co-Founder Marc Andreessen reportedly delivered the opening remarks to a cadre of Washington regulators. | Source: REUTERS/Lucy Nicholson By CCN Markets: Angel investment and venture capital firm, Andreessen Horowitz, has taken an “unusual” measure in the fight against Washington’s clampdown on cryptocurrency. To secure its stake within the emerging crypto industry,...Read More
‘No news is good news’, or so they say. But the continued lack of communication from BitMEX, or its illustrious commander-in-chief, Arthur Hayes, may be cause for concern. Especially considering the things that we do know are happening with the company, and Hayes’ previous level of social media interaction. Have You Seen this Bitmex CEO?...Read More
Venture capital stalwart Andreessen Horowitz has been upping the ante in the crypto combat with US regulators. The firm aims to temper Washington’s somewhat harsh stance on the digital asset industry that could be holding the US back.Andreessen Horowitz Battles For CryptoThe primary aim from the investment firm is to advance its latest bet on...Read More
Popularly known for investing in innovative companies, Andreessen Horowitz hosted a private event in May assembling the financial watchdogs of Washington in order to persuade them to be more considerate toward cryptocurrencies. Andreessen Horowitz has invested in a number of projects including several blockchain and cryptocurrency-related projects. According to the Wall Street Journal, officials from...Read More
Bitcoin price surprises the market by slipping below $10K levels on August 28. Crytpo analysts trace Bitcoin whales moving massive BTC tokens ahead this week. On Wednesday, August 28, Bitcoin price showed a sudden downward movement crashing below $10,000 levels in just a few minutes. The BTC movement surely took the crypto investors by surprise...Read More
The Bakkt Warehouse will provide the safe and secure of physical Bitcoin tokens in a regulated environment starting from September 6th. The Warehouse facility is specifically designed for its physically-settled Bitcoin Futures contracts. Intercontinental Exchange‘s (ICE’s) Bakkt platform has already started some initial preparations as it is set to launch its Bitcoin Futures contracts in...Read More
Bakkt has made it known that it has been granted approval by the necessary regulators and therefore will be launching its much-awaited platform for daily and monthly futures in the U.S. on the 23rd of September this year. Since the firm announced the coming of physically delivered futures in August 2018, it has become a...Read More
Bakkt has announced that it will be launching its bitcoin futures trading platform in September 2019. In a blog post published on August 16, 2019, the cryptocurrency trading company announced that its long-anticipated futures product will be going live on September 23, 2019, following approval to create a qualified custodian trust company from the New...Read More
Bitcoin price has been trapped in a symmetrical triangle for weeks now, bouncing back and forth between the top and bottom resistance and supports, making increasingly lower peaks and higher troughs, but breaking news surrounding Bakkt may have just ended any bearish pressure for the time being.The post appeared first on NewsBTCRead More
