Archive | CFTC

Down We Go: $38 Billion Evaporated as Bitcoin, Altcoins Net Double Digit Losses

For those calling for the end of the bear cycle- hold tight a little longer. Following the extended sideways market movements, a price explosion was imminent. Unfortunately, this action took place in favor of sellers, as Bitcoin continues to tumble over the course of the past 24 hours. Altcoins have similarly followed suit. Last night, […]

CFTC Commissioner: Cryptocurrency Will Proliferate to Every Economy in Every Country

On June 4, Rostin Behnam commissioner of the U.S. Commodity Futures Trading Commission (CFTC) took an interesting stance on cryptocurrency and related technologies during a talk at the BFI United Nations Summit. Rostin Behnam, New Cryptocurrency Ally? While Rostin Behnam, the aforementioned commissioner of the CFTC, took the stage at the UN Plaza in New… […]

US Regulators Subpoena Coinbase, Kraken and Bitstamp in Bitcoin Probe

The US Commodity Future Trading Commission (CFTC) has subpoenaed Coinbase, Kraken, Bitstamp, and ItBit in an ongoing Bitcoin manipulation probe started last month, reports Coingape. It is thought that the investigation has been initiated due to the distorted prices in the futures market. Coinbase is one of the world’s major cryptocurrency exchanges with Kraken in 24th position […]

CFTC Demands Data from Exchanges Related to Bitcoin Price Manipulation Investigation

The Bitcoin price is volatile by nature. Not all of this volatility is created out of the blue either. An ongoing investigation regarding Bitcoin price manipulation is taking place. As such, U.S. regulators demand data from various trading platforms to address these concerns. Bitcoin Price Manipulation Investigation There have been swelling rumors regarding major Bitcoin… […]

The US Justice Department Opens Investigation Into Crypto Price Manipulation

The US Department of Justice has launched an investigation into possible crypto price manipulation by crypto traders, reports Bloomberg. Quoting four people familiar with the situation, the report indicates that the DOJ’s prosecutors are working in partnership with the Commodity and Futures Trading Commission to probe the matter. The DOJ believes that digital currencies are highly […]

DOJ Crypto Investigation Tanks Prices, Fundstrat Welcomes Adult Supervision

Investigations are all about the crypto ecosystem, but a recent report regarding a US Department of Justice price manipulation crackdown was widely said to be the cause of market caps falling, and by a lot. Fundstrat, the ecosystem’s favorite financial professional crypto bull, is on record as welcoming government regulation, what it calls “adult supervision.” […]

Bitcoin Pressured as Federal Prosecutors Investigate Price Manipulation

The U.S. Justice Department has opened a criminal investigation into cryptocurrency price manipulation purported by market participants. In the meantime, Bitcoin continues to move lower towards the $7,000 line in an overall gloomy week for digital currencies. U.S. Justice Department Launches Criminal Investigation Into Cryptocurrency Price Manipulation U.S. federal prosecutors are working with the Commodity… […]

CFTC Introduces Guidelines for Issuing Cryptocurrency Derivatives

It was only a matter of time until regulators introduced new guidance for cryptocurrency derivatives and associated products. Considering that these investment vehicles are of great interest to consumers and institutional investors alike, it only makes sense that the CFTC would take a special interest in such products. The CFTC’s new Guidelines are in Place Bringing more […]