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Court Fines Two Defendants In $45M Crypto Scam: Financial Crimes Weekly
Saturday, February 10, 2024 - 11:10am | 633The Securities and Exchange Commission (SEC) this week won rulings against two defendants in a cryptocurrency scam that allegedly defrauded up to $45 million out of private investors. The U.S. Court for the Northern District of Illinois entered final judgments against Arline Woodbury of Ridgewood,...
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Why Bitcoin Is Captivating Young Americans — Senator Cynthia Lummis Weighs In
Wednesday, April 26, 2023 - 7:24am | 191Cryptocurrency-friendly Senator Cynthia Lummis (R-Wyo.) believes that the reason “many young Americans are into Bitcoin” (CRYPTO: BTC) is because it is "sound money." What Happened: Lummis, on Tuesday, said the federal government’s blank check spending habits, the erosion of the...
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Net Bearish Bets Against US Treasuries Rose To 1-Year Highs: Fed Rate Hike On Cards?
Monday, April 10, 2023 - 1:40am | 511Net short bets against U.S. treasuries have reportedly risen to the highest level in last one year in the week ending last Tuesday. What Happened: According to the latest report from the Commodity Futures Trading Commission, net-short leveraged fund positions in 10-year futures rose by almost 150,...
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FTX Founder Sam Bankman-Fried May Not Contest His Extradition To US: Latest Developments
Sunday, December 18, 2022 - 10:20am | 529The founder and former CEO of FTX, Sam Bankman-Fried, is anticipated to declare in court in the Bahamas on Monday that he will no longer fight his extradition to the United States, where he is charged with criminal fraud. The former cryptocurrency billionaire will appear in court in the Bahamas on...
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Bahamian Securities Regulator Warns FTX CEO John Ray Not To 'Obstruct' Probe, As He Gives Testimony
Tuesday, December 13, 2022 - 3:45pm | 542The Bahamas securities regulator has reacted sharply to what it says are "misstatements" made by FTX CEO John J. Ray III, accusing him of hindering an inquiry into the defunct cryptocurrency exchange. The Bahamas Securities Commission (BSC) said in a statement that Ray was more...
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This Crypto Firm Is Promoting Ex-CFTC Commissioner Brian Quintenz To Policy Head
Tuesday, December 6, 2022 - 12:13pm | 424Crypto and Web3 venture firm a16z has appointed former CFTC commissioner Brian Quintenz as the company’s new head of policy a year after hiring him as senior advisor for its crypto team. Quintenz was nominated by both Presidents Barack Obama and Donald Trump and unanimously confirmed...
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Is Bitcoin The Only Crypto Asset That's A Commodity? Here's What CFTC Chief Says
Thursday, December 1, 2022 - 12:41pm | 528Bitcoin is the only cryptocurrency asset that can be seen as a commodity as the industry reels with the aftershocks from the collapse of FTX (CRYPTO: FTT). That's according to U.S. Commodity Futures Trading Commission (CFTC) chief Rostin Behnam. See Also: Yes, FTX Was A Fiasco, But US...
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3AC Being Investigated By SEC And CFTC: What Happens To Its Founders Now?
Tuesday, October 18, 2022 - 11:09am | 529Bankrupt crypto hedge fund firm Three Arrows Capital (3AC) is being probed by two U.S. regulators – the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to ascertain if the fund violated rules by misrepresenting the health of its balance sheet to...
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NY Judge Orders Tether To Produce Documents Proving USDT Backing
Wednesday, September 21, 2022 - 10:57am | 610Stablecoin issuer Tether must disclose financial documents to verify that it's backed by the U.S. dollar, New York Judge Katherine Polk Failla says. The company is currently in a lawsuit due to allegations that it manipulated the crypto markets. In addition to details concerning the timing of...
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EXCLUSIVE: Mark Cuban On Purchasing Crypto, Its Regulation, Ethereum Merge And Why You Shouldn't Buy Metaverse Property
Wednesday, August 10, 2022 - 1:54pm | 677Billionaire investor Mark Cuban has got opinions, with one purchasing digital currencies with genuine utility value, claiming that the price of tokens is the least significant and the least interesting component of cryptocurrencies. He also stated in an interview with Benzinga that regulation...
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Chicago Mercantile Exchange Trying to Clean Up Its Act on Wash Trades
Sunday, July 21, 2013 - 6:44pm | 723By: Bryan Wiener The Commodity Futures Trading Commission (CFTC) recently reached out to the trading community requesting feedback concerning a Chicago Mercantile Exchange (CME) proposal to update its own rule governing “wash trades” in its Globex electronic marketplace. Specifically, the public...