Following a recent lawsuit against prominent crypto exchange KuCoin, Caroline D. Pharm, a Commissioner at the Commodity Futures Trading Commission (CFTC) has warned that the agency may be infringing on the Securities and Exchange Commission’s authority in regards to securities trading. This development comes as both financial regulators continue the tussle over the control of […]
Binance has regained its position as the world’s most dominant crypto exchange, capturing nearly 50% of the global market share, according to data from Kaiko. The analytic data provider revealed that Binance’s market share has rebounded to almost 50% in the two months following its settlement with the United States Department of Justice (DoJ). Binance’s market share […]
CFTC Issues Warning On AI-Driven Crypto Scams Exploiting Arbitrage Trading Strategies | Bitcoinist.com
Categories
Bitcoin, CFTC, CFTC Bitcoin, CFTC news, Commodities Futures Trading Commission (CFTC), Crypto, crypto exploit, crypto hacks, Crypto News, Crypto regulation, crypto scams, cryptocurrencies, Cryptocurrency, cryptocurrency scams, DeFi, DeFi scams, digital currency, phishing scams, Scams, US crypto regulation
In a recent consumer alert, the Commodity Futures Trading Commission (CFTC) warned about the proliferation of scams leveraging artificial intelligence (AI) to lure unsuspecting individuals into fraudulent crypto investment schemes. Specifically, these scams exploit the growing interest in cryptocurrency arbitrage trading by making “audacious claims” of generating outsized profits through AI-powered algorithms. AI-Driven Crypto Investment […]
The US Commodity Futures Trading Commission (CFTC) is filing charges against crypto exchange Debiex over allegations of a $2.3 million romance scam. The US regulator announced this civil lawsuit on January 19 after filing for an enforcement action in the US District Court for the District of Arizona. Debiex Alleged Romance Scam Explained According to […]
Binance, the world’s leading digital asset exchange, has exhibited resilience and growth following its recent settlement with the US regulatory bodies. The settlement, which addressed allegations of money laundering and sanctions evasion, marked a pivotal moment for Binance. Since November 21, when the settlement was reached, Binance has experienced a surge in net inflows, amounting […]
Crypto Assets Triumph As Commodities, But Face Regulatory “Turf War,” Says US CFTC Chair | Bitcoinist.com
Categories
Bitcoin, CFTC, CFTC news, Commodity Futures Trading Commission (CFTC), Crypto, Crypto News, Crypto regulation, Crypto Regulations, cryptocurrencies, Cryptocurrency, DeFi, digital currency, ETH, Ethereum, Gary Gensler, Gary Gensler SEC, NEW York Crypto regulations, SEC chair, SEC Chairman, Stablecoin, Stablecoins, Tether, Tether Holdings, TetherUSDT, US crypto regulation
In the ongoing clash between regulatory bodies over the classification and regulation of the crypto industry, CFTC Chair Rostin Behnam has added fuel to the fire by stating that most crypto assets are commodities under existing laws. However, Behnam also acknowledged the existence of a “turf war” between regulatory bodies regarding the oversight of the […]
In a surprising twist of events, crypto exchange Bybit appears to be under the regulatory spotlight of the CFTC. The US government agency has sent a subpoena to Coinbase, demanding information on user accounts connected to Bybit. CFTC Targets Bybit Following its regulatory crackdown on Coinbase, the Commodity Futures Trading Commission (CFTC), appears to have […]