Biden taps crypto-savvy former CFTC chair for transition team
Gary Gensler will reportedly ensure a smooth transition with the Federal Reserve in addition to banking and securities regulators. Go to Source Powered by WPeMatico
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CFTC allows ErisX to clear commodities beyond crypto
A recent license amendment from the CFTC greenlit ErisX’s expansion into trading product offerings on other commodities. Go to Source Powered by WPeMatico
Court Filing Accuses Bitmex Cofounders of ‘Looting’ $440 Million Before the Fed Crackdown
A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege “the defendants’ Hayes, Delo, and Reed looted about $440,308,400 of proceeds of various nefarious activities.” The cryptocurrency derivatives platform Bitmex is facing … Read more
US crypto derivatives merchants need to leave customer funds alone, says CFTC
The CFTC has issued new guidance for crypto derivatives markets that hold customer funds, much of which boils down to “be very, very careful.” Go to Source Powered by WPeMatico
Institutions Long and Hedge Funds Short: Bitcoin Options Traders Prep for ‘Big Moves’ Ahead
Trends in bitcoin options markets are making it difficult for financial analysts to pinpoint BTC’s next move. Data from CME’s recently published trader report shows that institutional investors are capturing a larger number of bitcoin long contracts, while hedge funds are showing an all-time high for bitcoin short contracts. On Tuesday, the price of bitcoin … Read more
Leaders of global CBDC projects talk shop in panel today
Central bank digital currency interest continues gaining global traction. Go to Source Powered by WPeMatico
CFTC chairman admits regulation must keep up with innovation
The U.S. government is behind on innovation by a wide margin, says official. Go to Source Powered by WPeMatico
BitMEX operator hires chief compliance officer amid US criminal charges
The hire comes after BitMEX’s founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the United States. Go to Source Powered by WPeMatico
Crypto-friendly Commissioner Quintenz isn’t leaving the CFTC this month after all
In April, he said he’d by gone by Halloween, but the plan has changed pending action in the Senate. Go to Source Powered by WPeMatico
The case against BitMEX is a compass pointing toward crypto regulation
The CFTC and DOJ actions against BitMEX suggest that the crypto industry still has a lot of work ahead to meet KYC/AML standards. Go to Source Powered by WPeMatico
