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Kalshi, Crypto.com Super Bowl Contracts Under Regulatory Scrutiny
Monday, February 3, 2025 - 8:05pm | 347The Commodity Futures Trading Commission launched an inquiry on Monday into Crypto.com and Kalshi on how the companies' Super Bowl event contracts comply with derivatives regulations. The Details: According to a Bloomberg report, the CFTC has requested additional information from Kalshi and Crypto....
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TotalEnergies Hit With $48M Fine For Market Manipulation
Wednesday, August 28, 2024 - 9:58am | 432TotalEnergies SE (NYSE:TTE) shares are trading lower Wednesday morning after regulators ordered the French petroleum company to pay a $48 million fine. The Commodity Futures Trading Commission (CFTC) issued an order against TOTSA TotalEnergies Trading SA, formerly TOTSA Total Oil Trading SA, for...
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'People With A Lot Of Money Could Influence The Election:' Interactive Brokers' Thomas Peterffy Reveals Why CFTC Will Not Allow Election-Related Contracts (CORRECTED)
Tuesday, July 9, 2024 - 1:24pm | 905Editor’s note: This story has been updated with new information from Interactive Brokers on the timing of the ForecastEx prediction market launch and to correct a quote by Thomas Peterffy. Interactive Brokers‘ (NASDAQ:IBKR) Thomas Peterffy has revealed that the Commodity Futures...
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SEC Chair Gensler Criticizes FIT21 Crypto Bill, Warns Of 'New Regulatory Gaps'
Wednesday, May 22, 2024 - 7:58am | 640The Financial Innovation and Technology for the 21st Century Act (FIT21) would undermine investor protections and hinder the SEC’s regulatory efforts, the financial watchdog’s Chair Gary Gensler stated on Wednesday. What Happened: “FIT21 would create new regulatory gaps and...
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Financial Crimes Weekly: Insider Trading At Arista, Del Taco; KuCoin In Civil Action Suit
Thursday, March 28, 2024 - 1:45pm | 683Andreas Bechtolsheim, founder and chief architect of Silicon Valley-based technology company Arista Networks Inc (NYSE:ANET), this week agreed to settle charges of insider trading, paying a civil penalty of nearly $1 million. The U.S. Securities and Exchange Commission (SEC) alleged that...
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Oil Traders Poised For Price Bump: Will Middle East Tensions See Crude Climb?
Wednesday, February 7, 2024 - 1:49pm | 521Traders in crude oil futures contracts pushed their holdings up to the highest levels in nearly a year despite a distinct lack of movement of higher prices for the past couple of months. Data from Bloomberg shows around 660 million barrels of oil derivatives have been added so far this year,...
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Financial Crime Weekly: SEC Unravels Microcap Pump-And-Dump; $16M Penalty Ordered On Medsis Securities Fraud
Thursday, January 18, 2024 - 12:48pm | 792The U.S. Securities and Exchange Commission filed two litigation releases this week — charging three individuals with running a microcap pump-and-dump scam targeting retail investors, and levying a $15 million penalty on two others who operated an unregistered securities fraud scheme. County Line...
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CFTC Subpoena: Is Coinbase Handing Over User Data To Hunt Down Bybit?
Tuesday, November 28, 2023 - 3:09pm | 423Crypto exchange Coinbase Global Inc (NASDAQ: COIN) has notified a select group of its users via email about a subpoena it has received from the Commodity Futures Trading Commission (CFTC), requesting detailed information on user accounts and their transaction histories. This development,...
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Cathie Wood's ARK Invest And 21Shares File For Bitcoin, Ethereum Futures ETFs
Friday, August 25, 2023 - 10:40am | 752ARK Invest, led by Cathie Wood, in collaboration with 21Shares, has submitted applications for two futures exchange-traded fund (ETF) products centered on Ether (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC). This move places them among a growing number of firms eager to introduce similar offerings....
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Coinbase Gets Federal Approval For New Futures Offering: Set To Tap Into 75% Of Global Crypto Trading
Wednesday, August 16, 2023 - 8:50am | 444Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN), on Wednesday announced that it has secured approval to offer federally regulated crypto futures trading to eligible customers in the United States. This development comes after the company filed an application with the National...
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Binance Fights SEC 'Fishing Expedition' Over Customer Assets, Calls Data Demand 'Excessive'
Tuesday, August 15, 2023 - 11:10am | 612Binance is seeking court protection against the U.S. Securities and Exchange Commission (SEC), alleging that the regulator is on a "fishing expedition" through its extensive discovery demands. The firm contends in a court document, dated Aug. 14, that it complies in earnest with a court...
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Coinbase CEO To Meet Privately With Dem Lawmakers About Digital-Asset Legislation
Tuesday, July 18, 2023 - 10:16am | 485Coinbase Inc. (NASDAQ: COIN) CEO Brian Armstrong is scheduled to have a private meeting with House Democrats from the New Democrat Coalition on Wednesday to discuss digital-asset legislation. Other topics include tax, national security, privacy, and climate, Bloomberg reported. What Happened:...
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Binance CEO Changpeng Zhao Predicts Massive Trading Surge On The Horizon
Wednesday, July 5, 2023 - 6:54pm | 550Binance (CRYPTO: BNB) CEO Changpeng "CZ" Zhao stated on Tuesday that the company is preparing for an anticipated surge in trading volume over the next six to 18 months. During a Twitter Spaces Q&A session, Zhao expressed Binance is making "a lot of preparation...
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JPMorgan Chase Warns Of A SEC Tsunami Sweeping The Industry As Crypto Titans Binance, Coinbase Battle Regulator
Monday, June 12, 2023 - 12:16pm | 609JPMorgan Chase & Co (NYSE: JPM) on Monday underscored the significance of recent lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against Binance (CRYPTO: BNB) and Coinbase Global Inc. (NASDAQ: COIN), stressing that these lawsuits highlight the pressing...
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Former CFTC Chair Joins Fray To Navigate Stablecoin Behemoth Circle Through Uncharted Regulatory Waters
Thursday, June 8, 2023 - 11:33am | 520Stablecoin firm Circle Internet Financial, which issues USD Coin (CRYPTO: USDC), Thursday announced that it has enlisted the services of Heath Tarbert, a former regulator, as its chief legal officer and head of corporate affairs. This strategic acquisition comes at a time when Circle, which...