Learn How Trade Crypto
“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 open. On various social media channels, for example Telegram, BitcoinTalk and Reddit, groups of individuals come together and agree to buy altcoins at a certain […]
Former chairman Jim Newsome of the US financial regulator the Commodity Futures Trading Commission (CFTC) predicted that the alleged cryptocurrency “bubble” will not burst soon, Forbes reported on March 8. According to Newsome, the lack of a concrete regulatory framework means that institutional investors are still not participating in cryptocurrency markets. Without clear regulations and the resulting injection of […]
The US Securities and Exchange Commission (SEC) now requires that platforms trading digital assets which meet the definition of a security must register with the agency as an exchange, according to a public statement issued by the regulatory body on Wednesday, March 7. Cryptocurrency exchanges would subsequently be governed by the same rules as traditional exchanges. For this reason, they […]
The U.S. Commodity Futures Trading Commission (CFTC) has given its employees the green light to invest in cryptocurrencies, according to a report. Bloomberg reports today that the CFTC’s general counsel, Daniel Davis, gave the go-ahead in a memo earlier this month, apparently in response to “numerous inquiries” from employees about whether they could do so. While members […]
The Commodity Futures Trading Commission (CFTC) on Thursday issued a warning about cryptocurrency pump-and-dump schemes. The release, published Thursday, marks the latest investor warning from the U.S. commodities and derivatives regulator. Earlier this month, the agency put out an advisory that urged caution around investing in cryptocurrency retirement accounts. Other regulators, namely the Securities and Exchange […]
This week, Colorado House Representative Jared Polis sent a letter to the U.S. House Committee on Ethics (HCE) asking the organization to put forth statutes that require government employees to declare their Bitcoin and other digital currency holdings: “A Member or covered employee should report any virtual currency holding as they would report any other […]
Following a volatile few days in the crypto markets this week, with Bitcoin (BTC) dipping below $7000for the first time since November, several crypto experts have predicted an overall bull run. Experts told CNBC today, Feb. 7, that the total market cap of all cryptocurrencies could reach $1 trillion and that BTC itself could hit $50,000 by the end of […]
The crypto markets have seen a slight uptick Tuesday, Feb. 6, after Monday’s sharp decline. This slight market rebound could be attributed to the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) hearings that are taking place today, Feb. 6. The regulatory bodies plan to discuss cryptocurrencies, Initial Coin Offerings (ICO), and ETFs. Bitcoin (BTC) is still trading around the […]
Make a note on your calendars – January 2018 was when it all changed. The freewheeling world of cryptocurrency ran headlong into an intractable wall of US regulators. Not that there weren’t hints of regulatory action in the air. The Securities and Exchange Commission had already shut down two initial coin offerings (ICOs) in December […]
The US Senate shows a great interest in Bitcoin and cryptocurrencies all of a sudden. With the Bitcoin price tanking, the government feels the need to intervene. More specifically, top market watchdogs will be questioned regarding the futures market. Additionally, there will be a strong focus on potentially introducing additional regulation. It will be impossible […]