Sun, December 22

Ooki DAO Ordered To Cease Operations as Court Issue Default Judgement

A district court in the United States has issued a default judgment ordering Ooki DAO to cease operations. Furthermore asked to pay a $643,542 civil penalty. In September 2022, the CFTC sued Ooki DAO for “unlawfully acting” as a futures commission merchant. And providing consumers margin and leverage trading services.

June 11, 2023 2 mins read

Cboe Receives Approval To Offer Margin BTC and ETH Futures Contract

Cboe Global Markets was granted permission to provide margin Bitcoin and Ether futures contracts to its cryptocurrency customers on Monday, June 5. When it comes to Bitcoin futures contracts, Cboe was an early adopter. To provide both physically settled and financially settled margined products beginning in the second part of

June 6, 2023 2 mins read

U.S Republicans File Legislative Draft To Classify Crypto as Commodities

Senior Republicans in the United States House of Representatives have filed a new legislative draft. It seeks to reclassify digital tokens from securities to commodities. This is a major attempt to solve the regulatory difficulties surrounding digital assets. The proposal was made by the leaders of the House Financial Services

June 3, 2023 2 mins read

CFTC Proposes Regulations To Counter Negative Impact of Crypto and AI

The Commodity Futures Trading Commission (CFTC) has proposed new regulations for risk management to account for the potential impact of “evolving technologies” like cryptocurrency and AI. Commissioner Goldsmith Romero stated on Thursday that as a result of the emergence of distributed ledger networks, various sectors have started adopting or exploring

June 2, 2023 2 mins read

Ex-CFTC Commissioner’s Statement on ETH Creates Confusion

Dan Berkovitz, the former CFTC Commissioner, mentioned in the latest episode of the Unchained podcast that there is a possibility of considering Ethereum’s native Ether token as both a commodity and a security.  In addition to his role as former CFTC Commissioner, it is worth noting that Dan Berkovitz also

May 24, 2023 1 min read

Crypto Exchange Binance Strictly Bars North Koreans?

In a speech held on Thursday at CoinDesk’s Consensus 2023 conference, a top compliance employee stated that Binance has discovered a way to keep North Koreans away from its crypto exchange. The head of financial crime compliance at Binance, Tigran Gambaryan, emphasized the exchange’s efforts. He declared that his 700-member

April 28, 2023 1 min read

CFTC Cracks Down on Binance Over Compliance Issues

U.S. regulators continue their crackdown on the cryptocurrency industry, with the head of the Commodity Futures Trading Commission (CFTC) admonishing Binance Holdings Ltd over its compliance with U.S. rules. In a lawsuit against Binance and its CEO, Changpeng Zhao (C.Z.), CFTC alleged that the company and its top executive had

April 14, 2023 2 mins read

Ripple CTO Mocks SEC and CFTC Regulation Updates

David Schwartz, Ripple CTO’s mockery about the US government institutions has gained various stakeholders’ attention. Commodity Futures Trading Commission’s (CFTC) recent activity of suing Binance and its CEO, CZ is really affecting the crypto market.  Additionally, CFTC proposed Bitcoin, Ethereum, and Litecoin to be commodities. Whereas, U.S. Securities and Exchange

March 29, 2023 2 mins read

Ripple’s XRP Hits $0.55, What is the Next Target?

The social dominance of XRP, the cryptocurrency linked to Ripple Labs, has significantly increased recently. Following that, the XRP token has surged over 12% in the last 24 hours to hit a ten-month high of $0.55. This is the first time since May 08, 2022, XRP has achieved this feat.

March 29, 2023 2 mins read

Binance CEO CZ Replies to the Disappointing CFTC Complaint

The crypto regulatory landscape is witnessing the most crucial disputes of all time. On Monday, the US Commodity Futures and Trading Commission (CFTC) pulled Binance into a lawsuit, accusing the exchange’s compliance system — calling it a “sham.” Markedly, Binance CEO Changpeng Zhao (CZ) recorded his reply to the regulator

March 28, 2023 2 mins read