Search
CFTC Commissioner Caroline Pham Criticizes Her Own Agency After KuCoin Charges, “Aggressive” Enforcement Action
29.3.2024
Commissioner Caroline Pham of the Commodity Futures Trading Commission (CFTC) issued a statement Friday seemingly criticizing her own agency for its latest “aggressive enforcement action" following the agency's KuCoin charges, saying it might “infringe upon the SEC’s authority.”
The post CFTC...
Brazil’s B3 Exchange Receives Regulatory Approval to Launch Bitcoin Futures in April
29.3.2024
Brazilian exchange operator B3 has received approval from the country's securities regulator to introduce Bitcoin futures trading.
The post Brazil’s B3 Exchange Receives Regulatory Approval to Launch Bitcoin Futures in April appeared first on Cryptonews
U.S. SEC Asking for More Millions, Dozens of Lawyers to Beef Up Crypto Oversight
22.3.2024
Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with "new and emerging issues," according to the regulator's annual budget pitch. Much of that office's recent, emerging workload has come from the agency's pursuit...
Coinbase Derivatives Plans Cash-Settled Futures for Dogecoin, Litecoin, and Bitcoin Cash
21.3.2024
Coinbase is gearing up to launch futures trading for some notable cryptocurrencies, including the popular meme coin Dogecoin, as well as Litecoin and Bitcoin Cash.
The post Coinbase Derivatives Plans Cash-Settled Futures for Dogecoin, Litecoin, and Bitcoin Cash appeared first on Cryptonews
U.S. CFTC's Behnam Says Agency Writing New Policy on Prediction Markets
12.3.2024
U.S. Commodity Futures Trading Commission Chair Rostin Behnam said his agency will propose a rule in the coming months to establish new regulations for prediction markets
Behnam Reiterates Call for Congressional Action on Crypto Regulation During House Committee Hearing
6.3.2024
Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), has reiterated his call for Congress to pass legislation clarifying cryptocurrency regulation. The call for congressional action was presented during Wednesday's hearing before the House Agriculture Committee.
The post...
CME’s Bitcoin Futures Open Interest Set New Record at $7.7B as BTC Surges
27.2.2024
Bitcoin futures trading open interest on the Chicago Mercantile Exchange (CME) surged to a record high of $7.7b on Tuesday, reflecting a 15.6% rise within the last 24 hours, CoinGlass data showed.
The post CME’s Bitcoin Futures Open Interest Set New Record at $7.7B as BTC Surges appeared first...
Paradigm Backs Prediction Market in Legal Battle Against CFTC
8.2.2024
Paradigm has stepped up to back Kalshi in its legal battle against the Commodity Futures Trading Commission (CFTC), defending the right to offer prediction markets in the U.S. Congressional elections, and arguing for the critical role such markets play in risk management and information...
Paradigm Advocates for Prediction Markets as Hedge Against Crypto Regulatory Risks
6.2.2024
Venture capital firm Paradigm has filed a legal brief in support of the prediction market platform Kalshi, which is currently in a legal battle against the Commodity Futures Trading Commission (CFTC). In a “friend-of-the-court” brief filed recently, Paradigm, despite not being...
AI Hype: CFTC Urges Investors to be Wary of AI-Created Crypto-Asset Arbitrage Algorithms
28.1.2024
The Commodities Futures Trading Commission has urged investors to be wary of artificial intelligence-created algorithms which promise dubious returns on crypto asset investments. The commission said investors should conduct background research on the companies or individuals who offer such...
CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex
21.1.2024
The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam designed to dupe prospective investors. Romance Scam...
‘Pig Butchering’ Crypto Scheme Uncovered: Debiex Charged by CFTC for Defrauding Investors
20.1.2024
The Commodity Futures Trading Commission (CFTC) has charged digital asset platform Debiex for engaging in a deceptive scheme known as “pig butchering,” which resulted in the loss of $2.3 million from investors. On Firday, the CFTC filed a complaint against Debiex and Zhāng Chéng Yáng...
Bitcoin ETFs Enable the ‘Mass Marketing’ of a Worthless Asset to Main Street Americans, Says Better Markets
12.1.2024
An independent nonprofit organization said the U.S. Securities and Exchange Commission’s approval of spot bitcoin exchange-traded funds has enabled the “mass marketing of a known worthless, volatile, and fraud-filled financial product to Main Street Americans.” The organization...
Defi Can Strengthen the United States’ Leadership in Tech and Financial Services, CFTC Report Says
9.1.2024
Decentralized finance projects and their respective ecosystems potentially offer both promising opportunities and risks to the U.S. financial system, a Commodities Futures Trading Commission (CFTC) study has found. The CFTC study report recommends conducting a gap analysis against current...
CFTC Committee Recommends Enhanced Understanding and Regulation of DeFi
9.1.2024
CFTC building. Source: Adobe / JHVEPhoto The Technology Advisory Committee of the US Commodity Futures Trading Commission (CFTC) has taken a significant step in addressing the challenges posed by decentralized finance (DeFi) by voting to submit a report urging the government and industry...
Bitcoin's Share in Crypto Futures Trading Slides as Altcoin Profits Allure Traders
26.12.2023
Bitcoin's dominance by futures open interest has declined to 38% from nearly 50% two months ago
Judge Approves Settlement: Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150 Million Fine
19.12.2023
Source: Pixabay In a significant legal development, Judge Manish Shah of the U.S. District Court for the Northern District of Illinois has issued a verdict ordering cryptocurrency exchange Binance and its former CEO, Changpeng “CZ” Zhao, to pay a staggering $2.85 billion to...
CFTC Chairman: Many Crypto Tokens Are Considered Commodities Under Existing Laws
17.12.2023
The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has stated that many digital assets are considered commodities under existing law. Behnam urged the U.S. Congress to hasten the process of establishing a regulatory regime for cryptocurrency. He also emphasized that...
CFTC Proposes New Rule to Strengthen Customer Protections After FTX Collapse
14.12.2023
Source: Pixabay The Commodity Futures Trading Commission has voted on a proposal to introduce a rule aimed at enhancing safeguards for individuals engaging in trades through a derivatives clearing organization. The rule, called the “Protection of clearing member funds held by derivatives clearing...
Binance and CZ Settle With the DOJ and Other Federal Agencies
6.12.2023
On November 21, 2023, the Commodity Futures Trading Commission (CFTC), the Department of Treasury’s Finance Crimes Enforcement Network (FinCEN), its Office of Foreign Assets Control (OFAC), and the Department of Justice (DOJ) all settled charges against Binance, the world’s largest cryptocurrency...