The US Commodity Futures Trading Commission (CFTC) has launched an investigation into the BitMEX cryptocurrency derivatives trading platform, Bloomberg reported, citing anonymous sources. The agency intends to find out whether BitMEX allowed Bitcoin derivatives trading to US citizens without registration in the CFTC. The investigation may take months, sources say. On March 6 of this year, BitMEX updated the user policy, officially banning […]
New York
The New York State Financial Services Authority (NYDFS) has issued two licenses for conducting virtual currency (BitLicense) activities to Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC. Both of them act as Bitcoin exchange operators for institutional investors Seed CX. DFS Grants Licenses to Seed CX Companies Http://t.co/uj8UAxDtXV […]
John Montroll, founder of the BitFunder “stock” Bitcoin exchange and the WeExchange platform, was sentenced to 14 months in prison in the Southern District of New York, CoinDesk reports. Law enforcement agencies in the United States detained 37-year-old John Montroll and charged him with fraud, as well as setting up an exchange without a corresponding license in February 2018. As the investigation established, in July 2013, John Montroll with […]
Bitfinex Cryptocurrency Exchange announced the suspension of trading and the beginning of unplanned technical work. It happened at 12:17 UTC. We are undergoing unscheduled maintenance with trading temporarily halted. All wallets remain unaffected and they are available. Thank you for your patience. – Bitfinex (@bitfinex) July 11 […]
Shell, one of the five largest oil and gas companies in the world, has invested an unnamed amount in an energy blockchain-startup LO3, Forbes reports. LO3 based in New York is known as the developer of the Exergy platform, which uses the Ethereum blockchain to track power consumption. For Shell, this is the fourth public investment in blockchain projects. Earlier, the Dutch company has invested in platforms Vakt, Komgo and […]
Belonging to the Winklevossam brothers, Gemini Bitcoin Exchange will apply for a broker-dealer license, which will allow it to operate as an alternative trading system and offer clients securities on the blockchain. It is reported by CoinDesk. The appeal will be sent to the Financial Institutions Regulatory Agency (FINRA). Earlier, Gemini has entered into a partnership with a specialist in the tokenization of real world assets […]
Bitfinex Cryptocurrency Exchange announced the beginning of the repayment of debt to its affiliated company Tether. As part of the Bitfinex process, the first $ 100 million was transferred to the Tether account. Bitfinex Repays $ 100M of Outstanding Loan Facility to Tether.https: //t.co/NIcUAehGtY – Bitfinex (@bitfinex) July 2, 2019 Recall that at the end of April the Prosecutor General’s Office New York brought Bitfinex accusations that, having suffered losses in […]
The cryptocurrency initiative of Facebook began to doubt not only the authorities of different countries, but also its partners. Their concerns are mainly related to the regulatory pressure on the project, reports The New York Times. A wide partnership network consisting of such large companies as Visa, Mastercard and Uber is considered one of the keys to Facebook’s success in implementing its Libra project. […]
Patrick McDonnell, the creator of the financial pyramid of Coin Drop Markets (CDM) who deceived gullible investors by almost $ 200,000, pleaded guilty in a court in the Eastern District of New York, after which he could be sentenced to 20 years in prison. In a class action lawsuit of ten affected clients, it is said that McDonnell’s total amount of fraud was misappropriating at least $ 194,000 in Fiat, and […]
Bittrex Cryptocurrency Exchange temporarily lowered the maker commission (fee for placing a limit order) in pairs with the US dollar to zero, and the taker commission (fee for buying / selling the placed order) to 0.15%. These changes will be valid until July 3 for accounts that at least once showed a monthly trading volume above $ 30 thousand. At the same time other accounts that do not fall under the original […]