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After settling charges of improper reporting of exchange volume and “self-trading” with the CFTC yesterday, reports have emerged that cryptocurrency exchange giant Coinbase is set to push back its stock listing to next month. The company had previously been expected to go public some time in March. Yesterday, March 19 the
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Summary:The CFTC has ordered Coinbase to pay $6.5 million for ‘false, misleading or inaccurate reporting and wash trading’Coinbase is also ordered to cease and desist from any further violations of the Commodity Exchange actThe accusations center on trading activities on Coinbase between January 2015 and September 2018The Commodity Futures Trading
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The report that alleges the Binance exchange is being investigated came days after the company announced former United States Senator and Ambassador to China Max Baucus will be joining the firm to advise it on policy and government relations.The Binance cryptocurrency exchange is under investigation by the United States Commodity
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Bitcoin price just pulled back 5% from the now rejected retest of the asset’s current-standing all-time high. The leading cryptocurrency by market cap was struggling with resistance as it was, but news breaking that Binance is the focus of a CFTC probe caused the pullback to worsen sharply. Here’s a brief
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In brief:According to Bloomberg, the US CFTC is probing Binance on whether it allowed US residents to trade derivatives on the platformBitcoin took a $2k nosedive from $57k to $55k as a resultMarch 12th might be a cursed date for Bitcoin as the Coronavirus dip happened exactly one year agoThe
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The four horsemen of U.S. financial regulation will meet to discuss market manipulation concerns resulting from the headline-grabbing drama surrounding GameStop stock last week. Per a Feb. 2 report from the Wall Street Journal, Treasury Secretary Janet Yellen is gathering the leadership of the Securities and Exchange Commission, the Commodity Futures
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Cryptocurrency derivatives platform ErisX is making an unusual attempt to push through futures contracts tied to the outcome of National Football League (NFL) games.According to a report from Bloomberg on Tuesday, ErisX formally asked the Commodity Futures Trading Commission (CFTC) in mid-December to give the green light to its gambling-linked
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Chris Brummer, a Georgetown University law professor who runs the annual D.C. Fintech Week conference, may be the next chair of the Commodity Futures Trading Commission (CFTC), according to Reuters.The news service reported Thursday that Brummer is President Joe Biden’s leading candidate to head the federal commodities regulator.Brummer was previously
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Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert announced Thursday he would resign early in 2021. “With the agenda I laid out last year now complete, the Commission can fully turn its focus to the unwritten future,” he said in Thursday’s announcement.“A majority of our work has taken place in
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The Commodity Futures Trading Commission, or CFTC, recently approved a license modification for ErisX's clearing house. The license amendment allows ErisX freedom to offer more trading products. "The significance of the Amended Order is that it expands our licensed activities allowing us to clear products on other commodities beyond just virtual currencies
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