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Commodity Futures Trading Commission (CFTC)

CFTC Pays $1M to Whistleblower in Digital Asset Case

CFTC Pays M to Whistleblower in Digital Asset CaseThe Commodity Futures Trading Commission paid a $1 million whistleblower award for information leading to an enforcement action in digital asset markets. CFTC Enforcement Director Ian McGinley said whistleblower tips are increasingly crucial as more Americans fall victim to digital asset scams. Digital Asset Cases Dominate CFTC Docket The Commodity Futures Trading Commission (CFTC) announced […]

Binance CEO Reveals How to Avoid Ponzi and Pyramid Schemes

Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation

Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto RegulationDemocratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee were expected to point to the Republican Party’s lack of […]

Binance CEO Reveals How to Avoid Ponzi and Pyramid Schemes

US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion

US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over .4 BillionJohann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission (CFTC) conceded that orders requiring payment of […]

Binance CEO Reveals How to Avoid Ponzi and Pyramid Schemes

Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities

Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto EntitiesDubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising the security of users’ funds. Binance Asked to Provide More Information The collapse of the crypto exchange […]

Binance CEO Reveals How to Avoid Ponzi and Pyramid Schemes