
Two of the CFTC’s crypto tipsters scored $15 million alone which brought successful enforcement cases for the regulator.
The United States commodities regulator has paid $16 million this year to whistleblowers who gave information leading to successful enforcement actions with a majority of the tips involving crypto.
In an Oct. 31 statement, Commodity Futures Trading Commission (CFTC) commissioner Christy Goldsmith Romero said most of the tips received this year involved crypto which she claimed was “an area that continues to have pervasive fraud and other illegality.”
Very proud of these offices and their outsized results. As a former IG, I know firsthand how important whistleblowers
— Commissioner Christy Goldsmith Romero (@CFTCcgr) October 31, 2023
are. The CFTC could not fully protect customers and markets w/o them. Click to read about the highest # of tips, crypto tips & environmental fraud tips. https://t.co/C4I9tgnxRU
Two whistleblowers received $15 million alone for their information which led the CFTC to successful enforcement cases in September — however, the regulator didn’t delve into the nature of those cases in its statement at the time.
Romero said whistleblowers are vital to mitigate commodities fraud and that the CFTC wouldn’t be able to “fully protect” customers and markets without them:
“Whistleblowers help identify fraud and other illegality, interpret key evidence, and save considerable Commission resources and time. The faster we can stop fraud, the more we can protect customers from harm.”
Romero acknowledged the efforts of CFTC’s Office of Customer Education and Outreach which teaches people to spot, avoid and report cryptocurrency fraud.
“With the rise of crypto, more retail customers have come under the CFTC’s jurisdiction,” Romero said.
Related: CFTC issues $54M default judgment against trader in crypto fraud scheme
The CFTC has doled out almost $350 million since the program started in 2014. It’s led to over $3 billion in enforcement sanctions ordered in cases tipped off by whistleblowers.
The CFTC won a record $3.4 billion penalty payment in a Bitcoin-related fraud case in April and won its case against Digitex CEO Adam Todd in July who was ordered to pay $16 million in penalties.
In April, Romero iterated that managing the risks associated with cryptocurrency would be crucial to upholding market integrity, national security and financial stability.
She’s advocated integrating stronger identity verification measures saying it would minimize illicit finance in the cryptocurrency market.
As the bear market deepens, more crypto companies will have to lay off employees to keep the lights on.
— Jake Chervinsky (@jchervinsky) December 29, 2018
This creates a new risk: disgruntled former employees often become whistleblowers, especially if they have valuable intel that entitles them to an SEC or CFTC bounty reward.
Magazine: Crypto regulation: Does SEC Chair Gary Gensler have the final say?
Ask ChatGPT for definitions, translations and grammar explanations in your target language.
ChatGPT is a powerful tool for language learners looking to improve their skills in a new language. Learners can develop a solid foundation in their target language and increase their self-assurance by utilizing ChatGPT to practice conversation, study vocabulary, sharpen their writing skills, practice pronunciation, and read and comprehend texts. However, it’s crucial to keep in mind that ChatGPT is just one tool among many and that nothing can substitute consistent language use and immersion.
Here are some tips on how to use ChatGPT to learn a language:
ChatGPT can be utilized to develop conversational abilities in a foreign tongue. Learners can practice grammar, vocabulary and sentence structure in a real-world context by conversing with ChatGPT. Also, ChatGPT can offer comments and corrections to help with language proficiency.
ChatGPT is not "better" than GPT-3, it is just more aligned with what humans expect in terms of conversational skills!
— Damien Benveniste (@DamiBenveniste) March 29, 2023
Learn something new in Machine Learning every week: https://t.co/8mUYA31M9R#ArtificialIntelligence #MachineLearning pic.twitter.com/7l7CxBWi4j
ChatGPT can also be used to expand one’s vocabulary. Users can enter words or phrases in their target language that they want to learn, and ChatGPT will give definitions, translations and examples of how to use those terms in sentences. This is a helpful tool for creating a solid vocabulary base, which is essential for achieving fluency in a language.
ChatGPT can be utilized to enhance writing abilities in a foreign language. Learners can obtain comments and corrections to help them with their grammar, syntax and sentence structure by practicing writing activities and submitting them to ChatGPT. This can be a useful method for determining which areas require more practice and for developing writing confidence in a foreign language.
Related: 10 ways blockchain developers can use ChatGPT
ChatGPT can also be used to practice pronunciation in a new language. By listening to ChatGPT’s responses and imitating the pronunciation, learners can work on developing a more authentic accent and sounding more natural when speaking the language. This is especially helpful for languages with difficult or unfamiliar pronunciation rules.
ChatGPT can help you read more clearly in a foreign language. Users can type content in their desired language, and ChatGPT will translate, define and explain any words or phrases they are unsure of. This is a fantastic approach to improving your reading abilities and comprehending written texts in a foreign language on a deeper level.
Twitter just rolled out a new feature that allows users to send payments in Bitcoin (BTC). The social media giant says the new “Tips” option enables Twitter users to send funds to virtually anyone on the platform. The feature is powered by Strike, an app that processes BTC transactions via the Lightning Network, enabling free […]
The post Twitter Launches Bitcoin Tipping Feature on iOS, With Android Coming Next appeared first on The Daily Hodl.
Twitter's stock feels the benefit of the "orange pill" as surging stocks add to positive tailwinds for Bitcoin.
Bitcoin (BTC) hit four-day highs of $45,000 on Sept. 24 as the market digested news that Twitter had enabled BTC tipping.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $45,180 on Bitstamp.
The largest cryptocurrency had struggled to overcome resistance at $44,000, but the Twitter announcement provided some much-needed bullish momentum.
The social network rolled out the first phase of its Lightning Network tipping feature via payment gateway Strike for iOS users Thursday. Other interfaces would soon follow, Strike confirmed, with other tipping partners in the pipeline and set to be announced in the coming weeks.
“What the internet did for communication, Bitcoin and the Lightning Network is doing for money,” CEO Jack Mallers summarized in an accompanying blog post.
Twitter immediately felt the benefits, its stock up nearly 4% after yesterday's close. A video from Mallers showing him using the new tipping feature meanwhile attracted 1.6 million views in just 15 hours.
I just published Announcing the Strike API
— Jack Mallers (@jackmallers) September 23, 2021
Today, @Twitter enables free, instant, global payments for their users with their integration of the Strike API.
What the internet did for communication, #Bitcoin + the Lightning Network is doing for money.https://t.co/jHkY6knXkP pic.twitter.com/FXujknG7sM
Now, already bullish Bitcoin traders were even more optimistic. For Rekt Capital, a trend continuation involving a dip, consolidation and eventual exit to the upside was well on track.
“Daily Closed just like that and a dip has indeed taken place today,” he tweeted Friday, showing the predicted BTC/USD trajectory.
“This was all done in an effort to establish trend continuation from this point. Bitcoin is following the black path well thus far.”
The macro picture also provided hope for Bitcoin, with stocks reversing upwards after suffering over Evergrande fears.
Related: Too ‘grande’ to fail — Bitcoin price stumbles at $44K as China plans for Evergrande’s implosion
The S&P 500 saw its best day since July Thursday, and Bitcoin maintained its positive correlation to equities.
The U.S. dollar, which had capitalized on stocks’ sell-off, fell dramatically, with the U.S. dollar currency index (DXY) bouncing off support at 93.