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The CFTC might have caught the “biggest fish” in the ocean. And there could be more out there.
The U.S. commodities watchdog announced Friday that it had lodged a civil suit against a South African CEO and his company for operating a bogus commodity pool worth more than $1.7 billion in bitcoin.
SEC chairman Gary Gensler has reportedly proposed a one rule book approach to regulate all crypto asset trading. Gary Gensler is in direct communication with the regulatory counterparts at Commodities Futures Trading Commission (CFTC).
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Disclosure was an important theme at a United States House of Representatives hearing on digital asset regulation Thursday.
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A crypto trader who defrauded over 170 people was sentenced to 42 months in prison on May 11 for operating a series of cryptocurrency funds claiming to make big returns but in reality were losing money and instead operated as a Ponzi scheme.
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The annual meeting of the International Swaps and Derivatives Association (ISDA) began Wednesday in Madrid. United States Securities and Exchange Commission (SEC) chairman Gary Gensler and U.S.
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Key Takeaways
The President’s Working Group on Financial Markets has released its report on stablecoins.
The report urges broad legislative action to regulate stablecoin issuers, including enacting deposit insurance requirements.
Ether (ETH) pundits have been shouting that the $5,000 price is ‘programmed,’ since 2018 and some go even further by calling for $20,000 over the long-term.
$5000 $ETH.
It is programmed.
— Koroush AK (@KoroushAK) October 29, 2021
A portion of these bullish calls are based on ETH 2.
Bitcoin (BTC) appears to lack the strength to retest the $67,000 all-time high that it reached on Oct. 20 and this is causing investors to question whether or not the bullish moment has faded.
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Bitcoin (BTC) has been trading in a descending channel pattern since its $67,000 all-time high on Oct. 20, which was just one day after ProShares’ Bitcoin Strategy ETF (BITO) debuted at Nasdaq.
However, bulls have a sufficient number of incentives to peg Bitcoin’s price above $60,000 on Oct.
Acting chairperson of the Commodity Futures Trading Commission, or CFTC, Rostin Behnam has likened the government agency’s enforcement of the digital asset space to a beat cop on duty.
At an Oct. 27 hearing of the U.S.