Category: CFTC

CFTC officials publish new crypto advisory for futures commission merchants

CFTC officials publish new crypto advisory for futures commission merchants

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

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

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

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

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

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

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

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

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

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Over 32,000 Bitcoins (BTC) Withdrawn From Crypto Exchange BitMEX After CFTC Charges

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

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

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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