US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’

US Financial Services Committee Hearing Discussed the Creation of a 'Digital Dollar'On June 11, 2020, the United States Congress Financial Services Committee held a remote hearing about the creation of a “digital dollar.” A number of well known individuals participated including the former Chairman of the U.S. Commodity Futures Trading Commission, Christopher Giancarlo, and members from the Electronic Transactions Association. The Covid-19 outbreak and following panic, […]

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U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations

U.S. Regulations Round-Up: CFTC Can’t Keep Pace With Crypto, Libertarian Candidate Accepts Bitcoin DonationsIn recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the […]

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CFTC Publishes Advisory On Listing Cryptocurrency Derivatives

CFTC Publishes Advisory On Listing Cryptocurrency DerivativesThe United States Commodity Futures Trading Commission (CFTC) has issued an advisory for exchanges and clearinghouses providing guidance pertaining to the assessment and listing of cryptocurrency derivatives. Also Read: Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics CFTC Issues Advisory Regarding Cryptocurrency Derivatives The CFTC’s Division of Market Oversight (DMO) and Division of Clearing […]

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Bitcoin Price Watch: Currency Falls by Nearly $200

At press time, bitcoin is trading for roughly $8,350. That’s about $150 less than where the currency stood yesterday. Bitcoin has been marred by ups and downs for the last 1.5 weeks, and it appears they aren’t ceasing anytime soon. Since May 5, bitcoin has been on shaky ground. The currency was originally slated to hit $10,000 after it reached a $9,800 high, but sadly, this never occurred. In fact, bitcoin has undergone steady drops ever since and is now trading for $1,500 less. Fundstrat’s Tom Lee attributes this to what he calls a lagging “trifecta of progress.” The cryptocurrency

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Tempers Flare at Milken Institute Cryptocurrency Conference

Tempers Flare at Milken Institute Cryptocurrency ConferenceTempers flared during a cryptocurrency panel hosted at the Milken Institute 21st Global Conference, in Beverly Hills, California with discussions degenerating to profanity as Nouriel Roubini, also known as ‘Dr. Doom,’ described bitcoin’s purported decentralization as “bullshit.” In addition to the comedy of Mr. Roubini, the United States Commodity Futures Trading Commission (CFTC) chairman offered […]

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CFTC’s Christopher Giancarlo Criticizes Outdated Regulatory Mandate

CFTC's Christopher Giancarlo Criticizes Outdated Regulatory MandateThe chairman of the United States Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, recently discussed the challenges associated with assessing the regulatory implications of bitcoin and cryptocurrency according to the CFTC’s “decades[-]old” legislative mandate. Also Read: Openbazaar Co-Founder Expresses Frustration Over BTC Fees CFTC Chairman Criticizes 1930’s Legislative Apparatus In a recent interview with CNBC, Mr. […]

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This Week in Bitcoin: Who Do You Believe?

This Week in Bitcoin: Who Do You Believe?The bitcoin space is a constant battle of truth versus untruth, rumor versus fact and optimism versus pessimism. With market manipulators up to their usual tricks and salty altcoiners crying FUD, it can be hard to tell what’s real and what’s fake. This week truly had it all: keks, lies, and videotape beamed live from […]

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Chairmen of SEC and CFTC Co-Author Article on Crypto Regulations

Jay Clayton, the chairman of the United States Securities and Exchange Commission (SEC), and J. Christopher Giancarlo, the chairman of the United States Commodity Futures Trading Commission (CFTC), have co-authored an opinion piece recently published by The Wall Street Journal. The article outlines a number of perceived problems facing the cryptocurrency sphere from the perspective […]

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