CFTC Lawsuit Alleges $147 Million in Bitcoin Defrauded From Trading Scheme Investors

news The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Control-Finance Limited, a purported Bitcoin trading and investment company, and its founder, Benjamin Reynolds, of the United Kingdom. The complaint charges the defendants misappropriated at least 22,858.822 bitcoin—worth at least $147 million at the time—from more than 1,000 customers…

US Senate Confirms New CFTC Chair to Succeed ‘Crypto Dad’ Giancarlo

news The CFTC tapped Heath Tarbert as incoming chairman of the Commodity Futures Trading Commission (CFTC,) replacing current chairman and “Crypto Dad” J. Christopher Giancarlo. The announcement was made yesterday during a Senate confirmation hearing. The CFTC is tasked with regulating derivatives, digital assets, and over-the-counter trades. The regulatory authority has taken a light-handed approach…

US CFTC Chair: Blockchain Would Have Improved Regulator Response to 2008 Financial Crash

United States Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo says that blockchain technology would have allowed for a “far faster, better-informed, and more calibrated regulatory intervention” in response to the 2008 financial crisis.Giancarlo made his remarks during a speech —  entitled “The New Futurism: 21st Century Financial Markets, Technology and Regulation” —  which…

FT: US Regulator CFTC in Talks With Facebook Over Rumored Crypto Plans

United States regulator the Commodity Futures Trading Commission (CFTC) is in talks with Facebook about its upcoming stablecoin launch, the Financial Times (FT) reported on June 2.Citing chairman J. Christopher Giancarlo, the publication revealed that Facebook is attempting to smooth out the regulatory landscape ahead of the asset, currently dubbed GlobalCoin, allegedly going live next…

Hodler’s Digest, May 13–19: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This WeekComing every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.Bitstamp Starts Investigation After Large BTC Sell Leads to $250 Million…

SEC and CFTC May Combine Efforts to Regulate Cryptocurrencies

Bitcoin ETFs are a hot topic with the US regulators. The Securities and Exchange Commission, in particular, has been expected to approve some of the applications for some time now, but it looks like they are trying to avoid it at all costs. Furthermore, most of the applications have been either denied or completely ignored…

CFTC’s First Published 2019 Examination Priorities Reveal Major Cryptocurrency Focus

United States regulator the Commodity Futures Trading Commission (CFTC) has announced cryptocurrency will form a priority for its internal examinations this year, according to a press release published on Feb. 12.The CFTC, which has released its examination priorities for the first time in 2019, will include various crypto-related aspects in its Division of Market Oversight…

Why the CFTC’s Questions About Ethereum Matter

news Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. ————————–————————–————————–————————–————————–————————– Are ether futures just around the corner? Last week, the US Commodity Futures…

Launch of Bakkt Bitcoin Futures Market May Get Postponed Again

news Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is likely to delay the launch of Bakkt, its bitcoin futures trading and custody platform, a second time, CoinDesk has learned. The company last set Jan. 24 as the launch date. However, ICE has yet to receive the necessary approvals from the U.S.…

Bitcoin Hedge Fund and CEO Slapped With $2.5 Million Penalty for Ponzi Scheme

A New York federal court has ordered cryptocurrency hedge fund Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman to pay over $2.5 million for operating a fraudulent Ponzi scheme, according to an official announcement published Oct. 18.GBI is a New York-based corporation and denominated Bitcoin (BTC) hedge fund incorporated in 2014. As stated on…