CFTC officials publish new crypto advisory for futures commission merchants

October 22, 2020 CFTC, FCMs, Regulation Eddy 0

The Commodity Futures Trading Commission (CFTC)’s Division of Swap Dealer and Intermediary Oversight published new guidance late Wednesday “regarding the holding of virtual currency in segregated accounts” by futures commission merchants, or FCMs. “The advisory provides guidance to FCMs on how to hold and report certain deposited virtual currency from customers in connection with physically-delivered futures […]

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Institutions Long and Hedge Funds Short: Bitcoin Options Traders Prep for ‘Big Moves’ Ahead

October 20, 2020 Bitcoin Deravitives, bitcoin options, CFTC, Chicago Mercantile Exchange, CME Group, COT, Cryptocurrency, deribit, digital currency derivatives, Ecoinmetrics, Finance, Long, Long Contracts, Mitchell Nicholson, Open Interest, options, Short, Short Contracts, Skew.com, Theta Seek, volume Eddy 0

Trends in bitcoin options markets are making it difficult for financial analysts to pinpoint BTC’s next move. Data from CME’s recently published trader report shows that institutional investors are capturing a larger number of bitcoin long contracts, while hedge funds are showing an all-time high for bitcoin short contracts. On Tuesday, the price of bitcoin […]

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Three big questions now that the U.S. government is cracking down on BitMEX

October 10, 2020 Binance, BitMex, BTC-e, CFTC, deribit, DoJ, Exchanges, FTX, Legal, Regulation Eddy 0

Quick Take Now that the U.S. government has come down on BitMEX and its former executives, three big questions linger about what might happen next. The Block interviewed legal experts to get answers. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.

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BitMEX CTO Samuel Reed Released On A $5 Million Appearence Bond

October 9, 2020 AA News, Arthur Hayes, BitMex, CFTC, Crypto News, United States Eddy 0

A few days after being charged and arrested by the US Department of Justice, BitMEX CTO Samuel Reed has been released on a $5 million appearance bond.   The court document reads that the bond was approved on October 3rd.    His release came with two conditions. Those are: Reed has to appear for court […]

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A $500 Million Bitcoin Exit as BitMEX Gets Labelled ‘High Risk’

October 7, 2020 Bitcoin, Bitcoin News, BitMex, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, BTCUSD, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, CFTC, Exchange, News Eddy 0

Crypto exchange BitMEX is hemorrhaging liquidity as over $500 million has left the exchange since U.S. regulators filed charges against company executives. A week ago the Commodity Futures Trading Commission (CFTC) filed charges against BitMEX executives for operating an unregistered trading platform and failing to implement anti-money laundering procedures. The exchange responded rapidly assuring traders […]

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Bitcoin derivatives exchange Bitnomial raises $11.6 million from investors, per filing

October 6, 2020 bitmonial, CFTC, Companies, Regulation Eddy 0

Bitcoin derivatives marketplace Bitnomial has raised $11.6 million from investors, according to a new public filing. In an October 5 filing, the firm said it raised the money from 13 different investors, with the first sale dated September 18. CoinDesk first reported the fundraising amount. The Block previously reported that Bitmonial was seeking to raise […]

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The Big Winners: $145 Million Worth Of Bitcoin Transferred From BitMEX to Binance and Gemini Following CFTC Fiasco

October 5, 2020 AA News, Binance, Bitcoin, BitMex, BTCEUR, BTCGBP, BTCUSD, CFTC, Crypto News, Gemini Eddy 0

Cryptocurrency investors have withdrawn approximately 45,000 bitcoins from the derivatives exchange BitMEX following the recent charges brought by the US CFTC. A sizeable portion of the massive amount has ended up on two rival exchanges – Gemini and Binance. CFTC Charges Against BitMEX Owners As CryptoPotato reported last week, the US Commodities and Futures Trading […]

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Pennsylvania man pleads guilty to role in $7M fraudulent scheme

October 2, 2020 CFTC, Crime Eddy 0

A Pennsylvania man has pled guilty to his involvement in a multimillion-dollar fraudulent scheme, the Department of Justice (DOJ) announced Friday.  Cryptocurrency escrow company head J. Barry Thompson admitted to his role in a scheme to defraud two clients of over $3 million. According to the announcement, Thompson promised the clients the $3 million Bitcoin […]

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Over 32,000 Bitcoins (BTC) Withdrawn From Crypto Exchange BitMEX After CFTC Charges

October 2, 2020 Bitcoin, Bitcoin News, BitMex, BTC, BTCEUR, BTCMXN, BTCUSD, BTCUSDT, CFTC, COVID-19, crypto market, Donald Trump, Gold Price, News, XBTUSD Eddy 0

On Thursday, October 1, the U.S. CFTC filed a complaint against crypto exchange BitMEX accusing it of illegal crypto derivative trading and money laundering. Hours later, BitMEX responded denying all charges and assuring investors that their funds are absolutely safe with the exchange. However, the damage was already done! As per the fresh report by […]

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Open Interest on Bitmex Drops 16%: Investors Withdraw 37,000 BTC in Less Than 24 Hours

October 2, 2020 Arthur Hayes, Bank Secrecy Act, Bitcoin Adoption, Bitcoin derivatives, BitMex, bitmex cftc, bitmex charges, CFTC, News, Open Interest, unregistered securities Eddy 0

Data from Arcane Research shows that open interest on Bitmex’s bitcoin derivatives market touched a new low of 45,122 BTC on October 1. The figure represents a 16% drop since the CFTC announced charges against Bitmex and its executives for allegedly operating an unregistered trading platform. According to Arcane Research’s post on Twitter, “the former […]

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