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CFTC Investigating Binance For Insider Trading As Exchange Hires Former Europol Darkweb Specialist Preparing For Regulation Compliance

The Commodity Futures Trading Commission (CFTC) is reportedly investigating Binance alleging that the exchange was involved with “insider trading” and market manipulation. According to Bloomberg, the CFTC has expanded its Binance U.S. probe to see whether insider trading and market manipulation has been taking place at the world’s largest digital asset exchange. U.S. authorities are… Read More

Congressmen Urge SEC And CFTC Working Group Telling Agencies “Stop Regulating Innovation Out Of The U.S”

Congressman Glenn “GT” Thompson (R-PA) shared a letter he wrote to the Commodities Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) on Twitter. The letter was co-written along with Congressman Patrick McHenry (R-NC), urging both regulatory agencies to open dialogue with leaders in the cryptocurrency industry and other industries rather than stifle innovation… Read More

CFTC Commissioner Says Ethereum Is NOT A Security, As Biden Set To Appoint New CFTC Head To Oversee Crypto

An attorney Jeremy Hogan with Hogan & Hogan law firm asked U.S. Security and Exchange Commission (SEC) boss Gary Gensler on Twitter whether or not Ethereum (ETH) was a security. Gensler didn’t respond but Commodity Futures Trading Commission (CFTC’s) Commissioner Brian Quintenz did. Interestingly, this also comes as President Joe Biden is expected to announce… Read More

U.S. Congressman and CFTC Commissioner Call Out SEC For Its “Power Grab” Over Digital Assets

U.S. Congressman Patrick McHenry (R-NC) criticized the U.S. Securities and Exchange Commission (SEC) and its commission head Gary Gensler for asking for further powers over crypto, calling the attempt “a blatant power grab that will hurt American innovation.” He added, “We don’t need another backroom deal between Gensler and Elizabeth Warren.” McHenry isn’t the only… Read More

Following CFTC Rules Against Margin Trading Binance Will Close Down U.S. Accounts And Coinbase Has Stopped Margin Orders

Coinbase is disabling its margin trading product and Binance has given users in the U.S. who were adopted into its platform just 2 weeks to remove their funds from the exchange. This is all apart of what looks to be an attempt to comply with the new rules set by the Commodity Futures Trading Commission… Read More

Bitmex Faces A Second Lawsuit Alleging Money Laundering, Racketeering and Market Manipulation

Bitmex and its executives face another lawsuit that alleges racketeering, money laundering, and market manipulation took place at the exchange. The Block reports, that Păun Gabriel-Razvan, a resident of Bucuresti, Romania, has joined others accusing BitMEX’s internal trading desk of directly participating in manipulation schemes. Gabriel-Razvan filed the lawsuit in the Northern District Court of… Read More

Bitmex Executives Accused Of Looting Company For Millions Amid Investigation

According to a lawsuit, the top officers of HDR Global Trading Limited, the parent company of crypto trading platform BitMEX, which has previously been charged with facilitating unregistered trading and other violations, is being accused of looting $440,308,400 from HDR accounts, a civil lawsuit claims. A spokesperson for HDR called the claims “spurious” in a… Read More

BTC Addresses Hits New All Time High Of 30.4 Million As Bitcoin Rockets To $13K

BTC addresses in profit have hit a new all-time high of 30.4 Million, meaning all those wallets are in the positive as Bitcoin rockets to $13K. The amount of Bitcoin addresses in profit has hit a new all-time high value of 30,403,795. This is according to data from Glassnode shared via Twitter. ? #Bitcoin $BTC… Read More

Bitmex Hit With Million Dollar Lawsuit Alleging Market Manipulation And Money Laundering

Those “scam wicks” are coming back to haunt Bitmex, as the once biggest derivative exchange is grappling with a new lawsuit alleging manipulation, The Block reported. The new lawsuit alleges that Bitmex was involved in  racketeering, money laundering, and market manipulation.  The plaintiff in the complaint Dmitry Dolgov, is a resident of Moscow, Russia. His… Read More

Bitmex Withdrawals Surge, 30% Of Bitcoin Withdrawn

After Bitmex was jointly charged by the U.S. Commodity Futures Trading Commission (CFTC) and Department of Justice (DOJ) users of the popular derivatives exchange have requested to withdrawal funds emptying out dnearly 30% of BitMEX’s bitcoin (BTC) balance. Coindesk reports, the total BTC held on BitMEX addresses dropped from 192,986 BTC on Sept. 30 to… Read More

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