US CFTC Obtains Over $1.3B in Administrative Penalties in 2019

The U.S. CFTC has obtained over $1.3 billion in administrative penalties in the fiscal year 2019, which included funds collected from cryptocurrency operators.

The United States Commodity Futures Trading Commission (CFTC) has obtained over $1.3 billion in administrative penalties in the fiscal year 2019, which included funds collected from cryptocurrency operators. Read more

New York Judge Grants US Government Right to Intervene in $7M Bitcoin Fraud Case

A New York district court has ruled in favor of the U.S. government to intervene in a civil case against Jon Barry Thompson who is alleged of $7 million in Bitcoin-related fraud.

The New York Southern District Court has ruled in favor of the United States government to intervene in a civil case against Jon Barry Thompson, who is alleged of a $7 million Bitcoin (BTC)-related fraud. Read more

Tassat Gets CFTC Approval to Issue Bitcoin Derivatives In US

New York-based fintech Tassat has succeeded in obtaining regulatory approval for the launch of a crypto derivatives exchange.

New York-based financial technology firm Tassat — formerly known as  trueDigital — has succeeded in overcoming the first hurdle in its bid to launch a fully-regulated crypto derivatives exchange. Read more

Binary Options Scams Spread Into Crypto, Time for US Lawmakers to Act

U.S. regulators seek to curb binary options scams as they are entering the crypto sphere and becoming more clever.

Mainstream finance and cryptocurrency are becoming more closely intertwined with each passing day. Just over a year ago, the idea of centralized financial behemoths trialing blockchain or crypto solutions would have been unthinkable.  Read more

BitMEX Email Data Leak Fallout Is Serious, Many Users Already Affected

Even though BitMEX is trying to brush aside its recent email leak, many industry personnel seem to think the matter is serious.

On the first day of November, it came to light that popular crypto derivatives exchange BitMEX had accidentally leaked sensitive data related to its users, which occurred as a result of the company failing to apply a blind copy protocol to its mass mail servers. Read more