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U.S. Commodities Agency May Change Risk Rules to Consider Crypto
2.6.2023
The U.S. Commodity Futures Trading Commission (CFTC) has proposed an overhaul of its rules for risk management, and Commission Christy Goldsmith Romero said the changes should insist firms prepare themselves for crypto volatility and the risks from holding customers’ digital assets
U.S. CFTC Warns About Clearing Derivatives Tied to Digital Assets
30.5.2023
The derivatives agency said that clearing organizations it oversees have moved into the crypto space and it issued a reminder that they need to actively address the risks
ETH can be a security and a commodity: Former CFTC commissioner
24.5.2023
Ether can simultaneously be a security and commodity under the regulatory scope of the SEC and CFTC, former CFTC commissioner Dan Berkovitz claimed
Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation
13.5.2023
Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee...
Kraken Chief Legal Officer and Former CFTC Chair To Testify at Joint House Congressional Hearing
9.5.2023
Top legal officers and a former regulator are slated to testify in front of US congressional committees on Wednesday to unpack digital asset regulation following ongoing tension between the industry and federal agencies.
The House Financial Services Subcommittee on Digital Assets, Financial...
Blockchain Association Packs Up Out of NY To Focus on Federal Crypto Policy
3.5.2023
The Blockchain Association is moving out of New York.
One of the biggest cryptocurrency lobbying groups said it had plans to shift resources out of the state to focus on federal policy....
Read More: Blockchain Association Packs Up Out of NY To Focus on Federal Crypto Policy
US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion
2.5.2023
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission...
Bank of America Strategist Predicts Gold Could Reach $2,500 per Ounce in 2023
28.4.2023
A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a climb to $2,500 per ounce. Presently priced at $1,983 per unit, the precious metal remains just shy of the $2,000 threshold. However, if it were to achieve...
CTFC wins record $3.4B penalty payment in Bitcoin-related fraud case
28.4.2023
The CFTC said it's the largest fraudulent Bitcoin scheme charged in any of its cases and the "highest civil monetary penalty ordered in a CFTC case."
Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’
21.4.2023
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity...
US House committee chair repeatedly presses SEC chair: 'Is Ether a commodity or a security?'
18.4.2023
Securities and Exchange Commission chair Gary Gensler has said the SEC considers Bitcoin a commodity, but refused to pin down Ether at an oversight hearing
Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure
12.4.2023
According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC),...
Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities
7.4.2023
Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising...
Jim Cramer Advises Against Using Binance — Says Crypto Exchange Is ‘Way Too Sketchy’
2.4.2023
The host of Mad Money, Jim Cramer, has warned investors about using cryptocurrency exchange Binance, stating that the crypto trading platform is “way too sketchy.” Cramer cited former regulator Timothy Massad, who previously served as chairman of the U.S. Commodity Futures Trading...
XRP price tags 10-month high — Can a 35% pullback be avoided?
29.3.2023
A U.S. regulator called Bitcoin, Ether, and Litecoin commodities in its court filing against Binance. It did not mention XRP anywhere
Ethereum Price Prediction as CFTC Chief Behnam Again Calls ETH a Commodity – Can ETH Overtake Bitcoin?
29.3.2023
The price of Ethereum has gained by 5.5% in the past 24 hours, on a day when the cryptocurrency market appears to have shaken off the jitters caused by the CFTC charging Binance with a variety of compliance violations.
ETH is now up by 11% in the last 30 days and by 52% since the beginning of...
The government should fear AI, not crypto: Galaxy Digital CEO
29.3.2023
Galaxy Digital CEO Mike Novogratz believes regulators have got it "completely upside-down" on crypto vs AI regulation
Binance CEO CZ Responds to US Regulator’s Charges
29.3.2023
Binance CEO Changpeng Zhao (CZ) has addressed the allegations against him by the U.S. Commodity Futures Trading Commission (CFTC). “We do not agree with the characterization of many of the issues alleged in the complaint,” the executive stressed. CZ Responds to CFTC’s Allegations...
U.S. CFTC Chief Behnam Reinforces View of Ether as Commodity
28.3.2023
With the ink still drying on its Binance action, U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam reiterated Tuesday that he believes ether is a commodity – a potentially controversial assertion that seems to counter what his counterpart at the Securities and Exchange...
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $27,000, Following CFTC Suit Against Binance
28.3.2023
Bitcoin moved below $27,000 during Tuesday’s session, as the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance. The suit claims that Binance knowingly offered unregistered crypto products to U.S. customers. Ethereum was also lower on the news, briefly falling...