New York Attorney General Letitia James is requiring Bitfinex and Tether, two crypto-currency trading platforms, “to end all trading activity with New Yorkers.” Her reason for the exile? Their practices are allegedly “fraudulent and deceptive” and the crypto-traders are “hiding approximately $850 million in losses around the globe,” the New York A.G. says in a… Read More >>
CFTC Wary of Futures Markets’ Embrace of Bitcoin-based Instruments
Bitcoins, the digital “crypto” currency that in 2017 became one of the world’s fastest growing assets, reaching a high of more than $11,000, an increase of more than 900 percent for the calendar year, may still have its detractors, who compare its sudden popularity to Dutch Tulip Mania in the 17th century, or to the… Read More >>
CFTC Penalizes Bitfinex $75K for Illegal Transactions
The CFTC has ordered online bitcoin exchange Bitfinex to pay $75,000, settling charges that it offered illegal off-exchange financed retail commodity transactions in bitcoin and other cryptocurrencies, and that it failed to register as a futures commission merchant (FCM). The bitcoin exchange says in its own statement that it “proactively contacted the CFTC in September… Read More >>
