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Alleged Bitcoin Ponzi Scheme Assets Frozen as US Judge Grants Injunction

News A United States court has granted regulators a preliminary injunction against an alleged Bitcoin (BTC) Ponzi scheme which reportedly defrauded investors of $11 million. In a filing with the United States District Court in Nevada dated Dec. 6, Judge Jennifer A. Dorsey ruled in favor of the Co..

Stablecoin Adoption Can Impact Economy, Warn Senior US Regulators

News A panel of senior financial regulators in the United States has warned the public about the purported risks of stablecoins and cryptocurrencies. A report issued on Dec. 4 by the Financial Stability Oversight Council (FSOC) highlighted potential problems resulting from stablecoins gaining wid..

Former CFTC Chair to Remain Focused on Crypto and Blockchain at New Law Firm

News Former United States Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo was hired as senior counsel at the New York-based law firm Willkie Farr & Gallagher. Digitize the dollar and take power away from central banksOn Dec. 2, Reuters reported that Giancarlo in his new role a..

US CFTC Obtains Over $1.3B in Administrative Penalties in 2019

News The United States Commodity Futures Trading Commission (CFTC) has obtained over $1.3 billion in administrative penalties in the fiscal year 2019, which included funds collected from cryptocurrency operators. According to the CFTC’s annual report for the 2019 financial year, the regulator obta..

CFTC Chair on Crypto Regulation: We Don’t Want to Snuff out Innovation

News The chairman of the United States Commodity Futures Trading Commission (CFTC) has called for “principles-based regulation” for cryptocurrencies. Heath Tarbert, who assumed his post following former Chairman J. Christopher Giancarlo in July 2019, stated that taking such an approach in regulat..

Facebook Libra a Security? The Verdict Is Still Out in the U.S.

Stablecoin projects have typically been considered de facto currencies by many stakeholders in America’s nook of the cryptoverse, but that hasn’t stopped some officials from recently asserting that Facebook’s Libra stablecoin should be characterized as a security. Now, U.S. Commodity Futures Tradin..

New York Judge Grants US Government Right to Intervene in $7M Bitcoin Fraud Case

News The New York Southern District Court has ruled in favor of the United States government to intervene in a civil case against Jon Barry Thompson, who is alleged of a $7 million Bitcoin (BTC)-related fraud. With Judge Loretta A. Preska’s ruling on Nov. 19, the U.S. government — in this case, re..

CFTC Chairman: The US Should Lead the Rest of the World in Crypto Adoption

Heath Tarbert, the head of the U.S. Commodity Futures Trading Commission (CFTC) says the country should be at the forefront of global crypto adoption by creating innovative solutions in the emerging cryptocurrency space. The U.S. financial watchdog chief also wants regulators to move towards a more..

Tassat Gets CFTC Approval to Issue Bitcoin Derivatives in US

News New York-based financial technology firm Tassat — formerly known as trueDigital — has succeeded in overcoming the first hurdle in its bid to launch a fully-regulated crypto derivatives exchange. According to an announcement from the United States Commodity Futures Trading Commission (CFTC) on..

Binary Options Scams Spread Into Crypto, Time for US Lawmakers to Act

Follow up Mainstream finance and cryptocurrency are becoming more closely intertwined with each passing day. Just over a year ago, the idea of centralized financial behemoths trialing blockchain or crypto solutions would have been unthinkable. Currently, cryptocurrency is traded like never before..

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