CFTC Chair Says Distributed Ledger Tech Can Aid Market Watchdogs

Advances in financial technology may be useful for improving the regulation of derivatives markets, Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo said Wednesday. Speaking at the D.C. Fintech Week Conference at Georgetown University, Giancarlo highlighted distributed ledger technology (DLT) and how it could be leveraged to automate certain regulatory processes in particular, which he […]

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CFTC Commissioner Cites CryptoKitties, Dogecoin When Talking DLT Uses

A commissioner of the Commodity Futures Trading Commission (CFTC) spoke positively about the potential uses for blockchain while emphasizing how his agency must respect its role in financial markets during a meeting of international regulators on Thursday. CFTC Commissioner Rostin Behnam called for “an open mind” with regulating the financial technology space, highlighting a number […]

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CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump

The Commodity Futures Trading Commission (CFTC) has bolstered its police actions in the last fiscal year, driven largely by cryptocurrency cases, according to The Wall Street Journal. Under President Trump, the federal derivatives market regulator levied about $900 million in civil penalties in 2018 alone, exceeding the annual amount in five of the eight years […]

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Federal Judge Wavers as CFTC Seeks Injunction in Crypto Fraud Case

The Commodity Futures Trading Commission (CFTC) is wrapping up its case against CabbageTech owner and accused crypto-fraudster Patrick McDonnell – but the hearings in New York this week have been anything but simple. The U.S. regulator is seeking a permanent injunction against McDonnell, who allegedly defrauded investors out of nearly $500,000, according to a lawsuit […]

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How to Defend Yourself Against Pump-and-Dump Crypto Scams

Tanzeel Akhtar is an independent British journalist whose work has been published in the Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. “Pump and dump” schemes have been around since long before cryptocurrency was invented. What’s striking about the crypto markets is that this type of manipulation is done out in the […]

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CFTC’s Giancarlo: US and Foreign Regulators Teaming Up on Crypto

U.S. regulators are working with their counterparts overseas to combat cryptocurrency fraud, Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo said Wednesday. Speaking during a U.S. House of Representatives committee hearing on his agency’s forthcoming budget, Giancarlo said he has spoken about the issue with the International Organization of Securities Commissions (IOSCO), as well […]

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Bitcoin Exchange Bitfinex Opens ING Account After Losing Wells Fargo

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitfinex, a large cryptocurrency exchange which has been under the U.S. Commodity Futures Trading Commission (CFTC) scrutiny, has opened an ING account after having lost its Wells Fargo relationship last year, according to Bloomberg News. ING spokesperson Harold Reusken confirmed Bitfinex is […]

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CFTC Issues Investor Warning on Cryptocurrency Pump-and-Dump Scams

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The US Commodity Futures Trading Commission (CFTC) issued a warning advising investors to avoid falling prey to cryptocurrency-based pump-and-dump schemes. The Customer Protection Advisory, which was published by the chief US market regulator on Thursday, urges investors to conduct their own research […]

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‘Bitcoin and Blockchain Are Transformative’

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The CFTC doesn’t want to interfere with bitcoin or the blockchain. In fact, Brian Quintenz, Commissioner of the Commodities Futures Trading Commission (CFTC), envisions a future not only with bitcoin and blockchain in it but also with them having a transformative effect, saying the […]

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