The Commodity Futures Trading Commission (CFTC) reported an increase in enforcement actions in the last fiscal year, partly due to a rise in cryptocurrency cases and spoofing schemes. According to The Wall Street Journal, the federal derivatives-market regulator also handed out around $900 million in penalties, higher than the amount in five of the eight […]
Continue Reading
At a recent event in Minneapolis, CFTC chairman Christopher Giancarlo noted increased enforcement actions last year, partly due to fraudulent crypto cases Christopher Giancarlo, the chairman of U.S. Commodity Futures Trading Commission (СFTC), said in an Oct. 2 speech that enforcement actions and fines increased significantly in the last fiscal year. Giancarlo presented at the […]
Continue Reading
Overstock subsidiary Medici Ventures is investing in VinX , which is making a blockchain solution that monitors the ingredients of wine on their journey between the vineyard and the glass, according to reports. The idea is to enable wine futures to be sold and traded on a secure platform, with the goal of preventing fraud by […]
Continue Reading
U.S. judge ruled that crypto tokens are a commodity, yet again. This week, a United States federal district judge ruled that an allegedly fraudulent crypto token meets the definition of a commodity. That brought the case under the Commodity Futures Trading Commission’s (CFTC) purview, which has long argued that virtual currencies constitute commodities. Here what […]
Continue Reading
The CFTC has charged two defendants for the fraudulent solicitation of Bitcoin, impersonation of CFTC officials, and forging CFTC documents. The U.S. Commodity Futures Trading Commission (CFTC) has filed a suit against two defendants for the allegedly fraudulent solicitation of Bitcoin (BTC), according to an official press release published on Friday, September 28. The CFTC’s […]
Continue Reading
The U.S. SEC has filed charges against Marshall Islands-based corporation 1pool Ltd. for violating federal securities laws. The U.S. Securities and Exchange Commission (SEC) has filed charges against international securities dealer 1pool Ltd., which was offering Bitcoin-funded security-based swaps, according to an SEC announcement published September 27. Per the SEC, the case involves the Marshall […]
Continue Reading
A U.S. federal district judge has ruled that an allegedly fraudulent crypto token meets the definition of a commodity. A U.S. federal district judge has ruled that an allegedly fraudulent crypto token meets the definition of a commodity, bringing the case under regulators’ purview, Finance Feeds reports September 27. Judge Rya W. Zobel of the […]
Continue Reading
At the heels of the Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee meeting this past Wednesday, the CFTC has issued a warning against pump-and-dump schemes, specifically related to digital currencies. The Customer Advisory on virtual currency pump-and-dumps warns people against “thinly traded or new ‘alternative’ virtual currencies and digital coins or tokens.” This would […]
Continue Reading
Whether it’s a fad or a fraud as some skeptics have called it, the CME (Chicago Mercantile Exchange) and the Coinbase / GDAX digital currency exchange are racing against time as fear, uncertainty and doubt cause people to question whether the “Bitcoin Bubble” will pop. Meanwhile, regulatory agencies including the SEC (U.S. Securities and Exchange […]
Continue Reading