Market News CFTC claims that the recent manipulation attempts on Polymarket highlight are highly susceptible. The CFTC has ordered Kalshi to suspend its election prediction market due to concerns about manipulation. The Commodity Futures Trading Commission (CFTC) has raised serious concerns about the potential for manipulation in prediction markets, particularly in light of recent Kalshi…
A U.S. congressman has introduced the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act (BRIDGE Act), aimed at improving collaboration between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on digital asset regulations. The bill proposes forming a Joint Advisory Committee to unite both agencies and…
The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers recognize and avoid these “pig butchering” scams, which defraud victims by building false trust and promoting fake cryptocurrency…
September 12, 2024 at 02:20 PM GST updated: September 12, 2024 at 11:49 AM 2 mins read News Uniswap has never charged fees for protocol deployment, with all decisions made through community governance voting. Uniswap Labs prioritizes resource allocation based on complexity, such as integrating zero-knowledge (zk) and OP stack chains. Uniswap is focused on…
š Stay Ahead with AltcoinDaily.co! š The U.S. Commodity Futures Trading Commission (CFTC) is stepping up its efforts to fight cryptocurrency fraud by forming partnerships aimed at educating the public on common scams in the digital asset space. The initiative will focus on raising awareness about long-term fraud schemes, such as āpig butchering,ā which has…
A federal judge this week sided with the prediction market Kalshiās motion for summary judgment in its legal battle with the U.S. Commodity Futures Trading Commission (CFTC). This decision opens the door for U.S. citizens to place bets on the upcoming November election. However, the ruling isnāt the final word just yet, as the CFTC…
The U.S. Commodity Futures Trading Commission (CFTC) has fined Uniswap Labs $175,000 for unlawfully offering leveraged and margined retail commodity transactions in digital assets. It marks the latest regulatory crackdown on the decentralized finance (DeFi) sector. Key Details of the Case In a September 4 statement addressing the matter, the agency said Uniswap facilitated illegal…
The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil penalty. The Commodity Futures Trading Commission (CFTC) has recovered…
September 5, 2024 at 03:45 AM GST updated: September 5, 2024 at 01:37 AM 2 mins read News Uniswap Labs settles with CFTC for $175,000 over unregistered leveraged trades. CFTC charges Uniswap for illegal transactions in BTC and ETH. Uniswapās global operations breach Commodity Exchange Act, prompting CFTC action. Uniswap Labs, formerly Universal Navigation Inc.,…
Uniswap has already stopped trading the particular leveraged tokens that prompted the investigation. The SEC has charged Uniswap Labs of running an unlicensed securities exchange. In a statement made public on September 4th, the Uniswap Labs, a developer of decentralized exchange (DEX), was charged by the US Commodity Futures Trading Commission (CFTC) with the unlawful…
The Commodity Futures Trading Commission (CFTC) has fined Universal Navigation Inc., operating as Uniswap Labs, $175,000 for illegal trading practices. The decentralized finance (defi) protocol operator was found in violation of the Commodity Exchange Act (CEA) for offering leveraged retail commodity transactions without proper registration. Uniswap Labs, the company behind a popular decentralized digital asset…
Uniswap hit with order by CFTC for illegal trading in digital asset derivatives The decentralized exchange will pay $175,000 in civil monetary penalty and is also ordered to cease and desist from the illegal offerings. Uniswap has settled with the Commodity Futures Trading Commission after the regulator found the decentralized exchange had violated derivatives trading…
contributor Posted: September 4, 2024 The Commodity Futures Trading Commission has issued an order against one of the leading DeFi protocols in the crypto-space ā Uniswap Labs. The enforcement agency took a hit at the crypto-focused platform because it āillegally offered leveraged or margined retail commodity transactions in digital assets via a a decentralized digital…
The regulators of the United States are termed to be crucial in shaping the broader crypto market. Most of the time, the Securities and Exchange Commission and the Commodity and Futures Trading Commission remain in the spotlight because of their harsh actions over the digital asset market.Ā According to a recent press release of the…
August 22, 2024 at 08:34 PM GST 2 mins read News Over 95% of FTX creditors back the reorganization plan, representing 99% of claims by value. FTXās reorganization plan aims to repay 100% of non-governmental bankruptcy claims plus interest. The October 7, 2024, hearing will finalize the plan as FTX faces legal challenges, including a…