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CFTC File Lawsuit Against $11M Ponzi-Like Cryptocurrency Scam

The United States Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Nevada-based Circle Society.Defendants guaranteed investors 300% returnOn Oct. 16, the CFTC announced that it was charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations relating

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eToro Launches Twitter Sentiment Trading Portfolio

eToro, the Israeli-based brokerage firm, has launched a new portfolio that uses AI to analyze Twitter for the latest social media perceptions of digital assets. The tool, which is called TheTIE-LongOnly CopyPortfolio, is a collaboration between eToro and cryptocurrency analytics firm The TIE. According to The TIE, the platform’s “proprietary machine learning and

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Central Banks Have Three Options for Crypto Regulations, Says Official

Denis Beau, the deputy governor of France’s central bank, Banque de France, recently delivered comments regarding the approach of central banks to cryptocurrencies.Establish appropriate cryptocurrency regulations On Oct. 16, Beau spoke at the Official Monetary and Financial Institutions Forum conference in London, where he discussed the role of cryptocurrency assets in

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Swiss Federal Council Continues to Monitor Stablecoins and Blockchain

The Swiss Federal Council is continuing to keep close tabs on global stablecoin projects and their possible opportunities and challenges.Switzerland is seen as very crypto-friendlyIn a press release on Oct. 16, the Swiss Federal Council stated that it was recently informed about “current opportunities and challenges associated with stablecoins”

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Investing Just Became Private and Transparent Through AMFEIX Trading Fund

It is now a well-known fact that cryptocurrencies have emerged as one of the prominent financial instruments for investment purposes. One particular reason for such a shift is the difference in the behavior of crypto markets compared to the conventional financial ecosystem. Digital currencies like Bitcoin, on many occasions, has

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US Authorities Analyze Bitcoin Transactions to Shut Down Child Porn Ring

United States law enforcement agencies analyzed Bitcoin (BTC) transactions to locate and subsequently shut down a global child pornography site.Per an Oct. 16 press release, the U.S. Department of Justice announced the shutdown of the largest-to-date child sexual exploitation market called Welcome to Video which was operated by South

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Supreme Court of India Postpones Cryptocurrency Ban Hearing to November

The Supreme Court of India has postponed a hearing that would consider the Reserve Bank of India’s (RBI) ban on providing services to cryptocurrency-related business.In an Oct. 16 session on the ban that prohibits banks and financial institutions from providing digital currency-related services, the court shifted the date of

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