FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge
The order doesn’t include civil penalties but bans FTX and its sister concern, Alameda, formerly a heavyweight crypto market maker, from trading digital assets and…
Tag: CFTC
Binance, CEO Zhao Sued by CFTC Over ‘Willful Evasion’ of U.S. Laws, Unregistered Crypto Derivatives Products
The CFTC alleged Binance offered unregistered crypto derivatives products and directed U.S. customers to evade compliance controls through the use of VPNs The U.S. Commodity…
SEC Calls FTT Exchange Token a Security
The complaint against Alameda’s Caroline Ellison and FTX’s Gary Wang contains allegations that FTX’s exchange token, FTT, constitutes an investment contract. FTX’s exchange token FTT…
SEC Calls 9 Cryptos ‘Securities’ in Insider Trading Case
The SEC and DOJ brought insider trading charges against three people Thursday, but assertions cryptocurrencies are securities may hold greater implications. The U.S. Securities and…
FTX.US to Buy LedgerX in Bid for US Crypto Derivatives
The move paves the way for Sam Bankman-Fried’s crypto empire to gain a foothold in the restrictive U.S. derivatives scene. FTX.US is acquiring crypto derivatives…
Crypto Long & Short: How Oil Going Negative Could Open the Door for Bitcoin ETFs
This will always be remembered as the week when oil went negative. The economic repercussions of this are staggering and will take months to fully…
Congressman Budd Defends Blockchain in Testimony to House Ways and Means Committee
North Carolina Congressperson Ted Budd highlighted two bills he hopes will receive bipartisan support, The Cryptocurrency Tax Fairness Act and the Virtual Value Tax Fix…
Bakkt Exchange May Be Seeking New York License for Crypto Custody: Report
The owner of the New York Stock Exchange, Intercontinental Exchange (ICE), is reportedly eyeing a New York license for its long-delayed crypto exchange Bakkt. With Bakkt’s launch…
UK Crypto Exchange Coinfloor to Launch Trading of Physically Delivered Bitcoin Futures
CoinfloorEX, a unit of the United Kingdom cryptocurrency exchange Coinfloor, has been reorganized to offer trading of physical Bitcoin futures on the Asian market. The CEO of the company has…
US Lawmakers File Bill to Exempt Cryptocurrencies from Securities Laws
Two members of the U.S. House of Representatives are seeking to exempt cryptocurrencies and certain other digital assets from federal securities laws. The “Token Taxonomy…