Markets News 

CFTC invites comments about Ether technology, markets and risks

“The RFI aims to help the CFTC to understand similarities and distinctions between certain virtual currencies, including here Ether and Bitcoin, as well as Ether-specific opportunities, challenges, and risks” reports financefeeds.com. The United States Commodity Futures Trading Commission (CFTC) welcomes public feedback on its Request for Input (RFI) about the technology, mechanics, and markets for Ether and its use on the Ethereum Network.More broadly, the input from this request is set to assist the CFTC in identifying FinTech trends and related opportunities, challenges, and risks.The Judge agreed with the Commodity…

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Crypto News 

US CFTC Asks for Comments to Improve Understanding of Ethereum Blockchain, Altcoin

“The United States Commodity Futures Trading Commission (CFTC) is seeking public comments and guidance on the Ethereum (ETH) blockchain, according to an official press release published Dec. 11” writes Helen Partz for cointelegraph.com. In order to improve the commission’s understanding of Ethereum and its underlying technology, the CFTC has announced its intention to publish a respective Request for Information (RFI) with the Federal Register.Moreover, the CFTC has expressed the wish to better understand the differences and similarities between Ethereum and the seminal cryptocurrency Bitcoin (BTC), specifically the “opportunities, challenges, and…

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Markets News 

NY Court dashes CFTC market manipulation claims against DRW Investments, Donald Wilson

“Judge Richard J Sullivan of the New York Southern District Court has found in favor of DRW Investments and Donald Wilson in a market manipulation case brought by the Commodity Futures Trading Commission (CFTC) back in 2013” reports financefeeds.com. In a Memorandum & Order, signed by the Judge on Friday, and made available earlier today, the Court finds that the CFTC has failed to meet its burden of proof with respect to its market manipulation, attempted market manipulation, and control person liability claims, and enters a judgment in favor of…

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Crypto News 

CFTC Introduces Guideline for Smart Contracts

“A key component of blockchain technology, smart contracts, have caught the eye of LabCFTC, which have subsequently released a guideline for them” writes Nikita Blows for livebitcoinnews.com. A revolutionary by-product of blockchain technology is the smart contract.Live Bitcoin News has previously reported on risks associated with smart contract exploitation. Source: livebitcoinnews.com Share This:

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Crypto Markets News 

Report: US Officials Are Probing Tether Role in Bitcoin Market Manipulation

“The U.S. Department of Justice (DOJ) is increasingly focusing a months-long investigation into crypto market manipulation on the tether stablecoin, a report says” reports coindesk.com. The two found that even a small amount of tether used to buy bitcoin would help prop up the world’s oldest cryptocurrency’s price.Citing individuals familiar with the probe, Bloomberg reported Tuesday that the DOJ is looking into whether crypto exchange Bitfinex and Tether Ltd. have pushed bitcoin’s price up using the stablecoin. Source: coindesk.com Share This:

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Futures Markets News 

Box Office Bomb: The Short Life Of Popcorn Prediction Markets

“All the years of work and all the millions invested gave box office futures a life span of just two days” writes Nov Est for theringer.com. Once again, the silly little idea of box office futures was up against a historic, world-changing catastrophe.Box office futures returned at the worst possible time.Appropriately, box office futures became an afterthought. Source: theringer.com Share This:

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Brokers News 

Commerzbank AG Fined $12 Million for Swap Dealing Violations

“Commerzbank has been registered with the CFTC as a Swap Dealer since the end of 2012” writes Celeste Skinner for financemagnates.com. Commerzbank itself will also have to submit annual reports to the CFTC. These will also be regarding swap dealer compliance and the firm’s remedial efforts.As a result, in addition to the fine, the Order requires Commerzbank to retain an outside consultant who will review the firm’s swap dealer compliance for two years. Source: financemagnates.com Share This:

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Crypto News Platforms 

Bitcoin Ponzi Scheme Busted! Gelfman Blueprint, Inc to Pay $2.5 Million Fine

“A complaint filed by the U.S. Commodity Futures Trading Commission (CFTC) against a crypto platform and its CEO has resulted in the Federal Court ordering the business to pay over $2.5 million in restitution” writes Nikita Blows for livebitcoinnews.com. Over the course of two years, this is probably what duped investors were thinking when they signed up with New York-based Gelfman Blueprint, Inc (GBI).Payouts received by scammed investors were actually funds put in from the fellow victims and all reports showing positive growth were fake. Source: livebitcoinnews.com Share This:

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Crypto News 

Another One Bites the Dust: Federal Court Bags $2.5M Bitcoin Ponzi Scheme

“This is the second time in recent months that a US regulator has targeted a company operating as a cryptocurrency hedge fund” reports financemagnates.com. Last month, the SEC issued a cease-and-desist order to a hedge fund called ‘Crypto Asset Management’ and its founder, Timothy Enneking.At the time, GBI told its customers that it was using an algorithm called ‘jigsaw’ to earn substantial returns on investors’ funds.It was all a lie–the algorithm was fake, and the “returns” that some investors got consisted of the misappropriated funds of other investors. Source: financemagnates.com Share…

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Crypto News Platforms 

Crypto Fraudsters Accused by CFTC Request More Time to Respond to Accusations

“Is the CFTC the right authority to deal with crypto fraud?” writes Nikita Blows for livebitcoinnews.com. Since January, the platform has been insisting that the CFTC has no jurisdiction over the case as MBC is not a commodity.My Big Coin, the platform accused of fraud by the CFTC, has requested a nearly seven-month extension on their case to sufficiently answer questions raised by the commission.The commission charged the platform in January this year and alleged that the platform swindled investors out of approximately $6 million since 2014. Source: livebitcoinnews.com Share This:

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