The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns while breaking derivatives rules. Ehrlich was also sued by the Federal Trade Commission (FTC). U.S. Commodities Regulator Takes Legal Action…
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Bitcoin started the week with an uptick in investor sentiment, but there are three major factors preventing BTC price from recapturing the $30,000 level. On Oct. 2, the price of Bitcoin (BTC) saw a 5.5% intraday increase to $28,600, but the largest cryptocurrency by market capitalization lost momentum as the highly anticipated launch of Ether…
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Law enforcement officials and financial regulators in Hong Kong have teamed up to better identify illegal activities on cryptocurrency exchanges. The initiative, which comes in the wake of the crackdown on the JPEX exchange, seeks to improve coordination between the government agencies in similar investigations in the future. Hong Kong’s Financial Watchdog Announces Working Group…
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The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.” Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, canceled its plans to launch an Ether (ETH) futures ETF on Oct. 2, citing changes in the market. In an…
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Investment firms Invesco and Galaxy Digital allegedly filed for a spot Ethereum ETF with the U.S. SEC on Sept. 29. Asset managers keep pursuing digital asset products, with Invesco and Galaxy Digital allegedly filing for a spot Ether (ETH) exchange-traded fund (ETF) on Sept. 29. Bloomberg ETF analyst James Seyffart disclosed the filing on X…
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Coinbase has received regulatory approval to offer perpetual futures trading services to retail customers outside the United States. In a Thursday blog post, the largest US-based crypto exchange said it has received additional regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures trading to non-US retail users. … Read More: Coinbase Secures Approval to Offer Perpetual Futures…
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An impending US government shutdown may be accelerating the launch of Ethereum futures ETFs, analysts suggest. Ethereum futures exchange-traded funds (ETFs) could start trading for the first time in the United States as early as next week, according to Bloomberg analysts. On Sept. 28, Bloomberg Intelligence analyst James Seyffart said it was “looking like the…
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Known as the Hashdex Nasdaq Ethereum ETF, this investment fund is the first filing for futures and spot Ether holdings under the ‘33 Act and is overseen and supervised by Toroso Investments. The Nasdaq stock exchange has submitted an application to the Securities and Exchange Commission (SEC) seeking approval to list an Ethereum Exchange-Traded Fund…
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The U.S. Commodity Futures Trading Commission (CFTC) has issued orders against the operators of three decentralized finance (defi) protocols. The regulator accused them of committing various violations of commodity laws including illegal trading of digital asset derivatives. U.S. Commodities Regulator Settles Charges Against Defi Protocols Opyn, Zeroex, Deridex The CFTC has taken action regarding three…
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BTC derivatives have flipped bearish after Bitcoin failed to establish bullish momentum despite heightened spot ETF prospects. A Bitcoin (BTC) price correction down to $22,000 is becoming increasingly likely, as BTC derivatives have begun to exhibit bearish tendencies. The price chart of Bitcoin leaves little doubt that investor sentiment has worsened since Grayscale’s much-hyped legal victory against…
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