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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...
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...
CFTC exposes the largest Bitcoin-related fraud case
1.5.2023
As per the information released by a Texas judge, the U.S. Commodity Futures Trading Commission (CFTC) has successfully unearthed the biggest-ever fraud case related to Bitcoin. According to the facts gathered, the erring party has been compelled to pay a penalty of $3.4 billion. The perpetrator...
“Opportunism and Demagoguery” Fuels the U.S. Regulatory Crackdown, Steptoe Partner Says
28.4.2023
Jason Weinstein, a partner at Steptoe, said this latest wave of crackdowns on the crypto industry is the worst he has ever seen
Largest Bitcoin Fraud Scheme Results in $3.4B Penalty in a Case Brought by CFTC
28.4.2023
A judge has ordered a record-breaking $3.4 billion penalty in a fraud case involving Bitcoin brought by the US Commodity Futures Trading Commission.
In a Thursday press release, the CFTC revealed that Cornelius Johannes Steynberg, a South African national and CEO of Mirror Trading International...
South African Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case
28.4.2023
The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme
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."
Ex-CFTC Head Says Regulators Can Engage With Crypto 'If They Have the Will to Do So'
27.4.2023
Former CFTC Chair Timothy Massad Among Witnesses for House Crypto Hearing
26.4.2023
Titled, "The Future of Digital Assets: Identifying the Regulatory Gaps in Spot Market Regulation," the hearing will take place on Thursday afternoon
CFTC proposes reducing anonymity to manage risks
25.4.2023
CFTC Commissioner urges crypto companies to verify the digital identity of users and says that congress is considering new laws addressing anonymity and digital identity
CFTC Adviser Chris Perkins Says U.S. Risks Falling Behind in Crypto
20.4.2023
Perkins, who is president of crypto VC CoinFund, published a set of 10 regulatory principles that form the basis of his advocacy role with the CFTC
Speakers prepare to tell US House Financial Services Committee about stablecoins
18.4.2023
Five experts will testify at a hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” with two of them releasing their scripts in advance
SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit
18.4.2023
According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto...
CFTC chair says Binance intentionally broke rules concerning futures, commodities
14.4.2023
The head of the CFTC, Rostin Behnam, recently spoke out against Binance and its leadership at a public-facing event held at Princeton University
Billionaire Novogratz: Long Gold, Euro, Bitcoin as 'Clearest Trades' Amid Potential Credit Crunch
13.4.2023
Bitcoin and Ethereum, along with gold and the euro, will outperform other investments as the US Federal Reserve (Fed) starts easing its interest-rate increases, argued Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings....
Read More: Billionaire...
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 US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry
8.4.2023
Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of...
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...
Jane Street, Tower Research and Radix are Binance’s 'VIP' clients in CFTC suit: Report
6.4.2023
The firms were cited anonymously in the CFTC's complaint describing Binance’s alleged facilitation of U.S. clients
Binance Loses 16% of Market Share After End of Zero Fees on BTC Pairs and Rising Regulation Troubles
5.4.2023
Binance has lost a big share of its total trading volumes since ending its zero fees on Bitcoin pairs and in wake of the US Commodity Futures and Trading Commission (CFTC)’s lawsuit against the firm.
That’s according to the latest blog post by crypto analytics firm Kaiko, which says that Binance’s...