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During a July 25 Congressional hearing, the chairman of the CFTC outlined the need for a legal process for the agency to participate in blockchain project trials Go to Source Powered by WPeMatico
Various firms related to Bitcoin and other cryptocurrencies have no honest intentions. This problem has plagued the industry for quite some time now. The CFTC recently scored a big victory in this regard, as The Entrepreneurs Headquarters Limited was forced to pay $1.9 million for its fraudulent Bitcoin and binary options offerings. CFTC Continues to … Read more
The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that cryptocurrencies … Read more
Witnesses at the a hearing before the U.S. House of Agriculture Committee today argued that digital assets require an agile regulatory approach because of their mutability Go to Source Powered by WPeMatico
Regulatory changes in the United States have put a spotlight on ICO tokens. On the one hand, there are the securities tokens, which need to be avoided. Utility tokens are a gray area for the time being. The CFTC has issued an official warning regarding utility tokens, as not all of these offerings may technically … Read more
U.S. SEC among participants in new gov’t task force to digital currency fraud, among other types Go to Source Powered by WPeMatico
There are numerous theories regarding the roller coaster market movements of cryptocurrency over the past year. A popular one revolves around the use of Tether (USDT) to inflate the price of Bitcoin during the bull market, and deflate it on the way down. However, a June 20 report suggests the controversial stablecoin may be more … Read more
Here’s why US regulators launched two criminal probes into crypto price manipulation within last three weeks Go to Source Powered by WPeMatico
At press time, the father of cryptocurrencies is trading for about $6,500. This is roughly $100 less than where it stood yesterday, which in turn was $400 higher than where it had been trading the previous day. Bitcoin has been an up-and-down game for nearly the past week. Problems first stemmed when it was announced … Read more
The US Commodity Futures Trading Commission (CFTC) is being challenged in court over its oversight of cryptocurrencies. The defendants argue that their tokens are not commodities, with no futures contracts, which the CFTC regulates. The outcome of this case could affect the Commission’s ability to police all future crypto frauds. Also read: Yahoo! Japan Confirms Entrance … Read more