Tag: CFTC

The CFTC Cracks Down on Firms Facilitating a $15 Million Crypto Scam

There has never been a shortage of cryptocurrency scams, nor will there be in the future. Two companies involved in a recent binary options scam have now been fined by the CFTC. When looking at crypto trading platforms, it is pertinent to separate the real ones from the fake. CFTC Hammers Down on Crypto Scams Dozens of legitimate trading platforms exist, and everything else can be ignored for the most …
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Bitcoin Futures Launch Allegedly Triggered the 2018 Crypto Winter

Many people wonder why the cryptocurrency boom of 2017 came to such an abrupt halt. The obvious reason would be because speculators came to their senses and cashed out. It now seems the Trump administration may be to blame for this unfortunate series of events. The futures products, which were designed to take cryptocurrency mainstream, may be the downfall of the industry.  The Collapse of 2017 and 2018 It was …
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The US Justice Department Opens Investigation Into Crypto Price Manipulation

The US Department of Justice has launched an investigation into possible crypto price manipulation by crypto traders, reports Bloomberg. Quoting four people familiar with the situation, the report indicates that the DOJ’s prosecutors are working in partnership with the Commodity and Futures Trading Commission to probe the matter. The DOJ believes that digital currencies are highly susceptible to fraud, especially given the sector’s lack of regulation. Fake Orders And Spoofing The …
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CFTC Introduces Guidelines for Issuing Cryptocurrency Derivatives

It was only a matter of time until regulators introduced new guidance for cryptocurrency derivatives and associated products. Considering that these investment vehicles are of great interest to consumers and institutional investors alike, it only makes sense that the CFTC would take a special interest in such products. The CFTC’s new Guidelines are in Place Bringing more legitimacy to the cryptocurrency industry can be done in many ways. Regulation will play an …
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