Arizona Man Pleads Guilty for First Crypto Crime in Illinois Courts

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Authorities charged an Arizona man with fraud against his former employer, as well as group of private investors. He used their crypto assets to gamble on investments and lost hundreds of thousands in the process. Joseph Kim, 24, is a graduate of the University of Chicago and former employee of Consolidated Trading LLC in the … Continue reading “Arizona Man Pleads Guilty for First Crypto Crime in Illinois Courts”

Your Guide to U.S. Policy on Cryptocurrencies

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As the demand and use of cryptocurrencies rise, so does the ability of various governments to regulate them. Therefore, every country has separate standards, implying that certain governments back cryptocurrencies, while others don’t. For instance, the US alone handles more than 26% of the Bitcoin volume, according to Cryptocompare. With such a high market cap … Continue reading “Your Guide to U.S. Policy on Cryptocurrencies”

U.S. CFTC: Bitcoin Ponzi Scheme Cost its Founder $2.5 Million

Posted on Categories Bitcoin, Blockchain, Business, Cryptocurrency, Exchanges, General, Regulations, Scam, Technology, UncategorizedTags , , , , , , Leave a comment on U.S. CFTC: Bitcoin Ponzi Scheme Cost its Founder $2.5 Million

Crime doesn’t pay. Unfortunately, some have to learn that the hard way.  Sadly, certain people choose to abandon traits such as common sense and logic. The U.S. CFTC recently clamped down on one of these individuals. A federal court just ordered Bitcoin hedge fund Gelfman Blueprint Inc. and CEO Nichola Gelfman to pay $2.5 million … Continue reading “U.S. CFTC: Bitcoin Ponzi Scheme Cost its Founder $2.5 Million”

CFTC Chair: This May Help Cryptocurrency Market “Mature”

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A stronger flow of institutional investors could help cryptocurrency markets “mature,” notes U.S. Commodity Futures Trading Commission chair J. Christopher Giancarlo. “We’ve still got a long way to go, there’s a lot of issues in some of these spot exchanges, a lack of transparency, a lot of conflict of interest, a lack of systems and systems … Continue reading “CFTC Chair: This May Help Cryptocurrency Market “Mature””

President Donald Trump CFTC Appointee, Giancarlo on Cryptocurrency

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Cryptocurrency is on the tip of everyone’s tongues these days. For example, former President Bill Clinton just warned against tight regulation.  Yale University’s endowment fund just made an investment.  Members of the US SEC are bullish, too. In addition, now Donald Trump’s appointment to the US CFTC, J. Christopher Giancarlo says it’s here to stay, … Continue reading “President Donald Trump CFTC Appointee, Giancarlo on Cryptocurrency”

Eris Exchange: New Cryptocurrency Market to Launch

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Derivatives market, Eris Exchange is opening a new cryptocurrency market. In fact, it’ll be backed by DRW Holdings, Virtu Financial, and TD Ameritrade Holding. The ErisX Platform The new platform from Eris Exchange will allow investors to trade Bitcoin, Ether, Bitcoin Cash and Litecoin. In addition, they can trade futures contracts on cryptocurrencies.  Reportedly, these … Continue reading “Eris Exchange: New Cryptocurrency Market to Launch”

CFTC Chair: Cryptocurrencies Here to Stay

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One of the most aggravating issues facing cryptocurrencies is the lack of action from the U.S. and the Commodities Futures Trading Commission (CFTC). But that could soon change In fact, Chis Giancaro, the chair of the CFTC intends to fix that very issue. “I think that cryptocurrencies are here to stay. I think that there … Continue reading “CFTC Chair: Cryptocurrencies Here to Stay”

CFTC, SEC and FBI Charge Bitcoin (BTC) Dealer, 1Broker

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Three U.S. agencies took action again Bitcoin-funded, 1pool Ltd., otherwise knows as 1Broker. For instance, the U.S. SEC charges that 1Broker violated federal securities laws.  The Commodity Futures Trading Commission (CFTC) says 1Broker violated the Commodity Exchange Act. Even the U.S. FBI seized the company’s domain, alleging on money laundering, operating as an unregistered broker, and … Continue reading “CFTC, SEC and FBI Charge Bitcoin (BTC) Dealer, 1Broker”

CFTC Chair: Cryptocurrency Regulations should “Do No Harm”

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When the Internet flourished, it did so because the government didn’t choke the industry with regulations. Doing so would have destroyed growth and innovation. “I’m advocating the same approach to cryptocurrencies and all things having to do with this new digital revolution of markets, and of currencies, and of asset classes,”says J. Christopher Giancarlo, chairman … Continue reading “CFTC Chair: Cryptocurrency Regulations should “Do No Harm””

Wall Street Journal Reveals a Huge Pump and Dump Plot Against Cryptocurrencies

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The Wall Street journal revealed a disturbing new story about cryptocurrency fraud. Per their report Sunday, literally dozens of pump groups have been manipulating cryptocurrencies for many months now. Using messaging apps like Telegram, these fraudsters have successfully affected the prices of many digital assets across a few of the biggest exchanges. They have gained … Continue reading “Wall Street Journal Reveals a Huge Pump and Dump Plot Against Cryptocurrencies”