CFTC’s New Crypto Regulation Stirs Debate
CFTC’s proposed crypto regulation on prediction markets ignite controversy in the crypto sector. The U.S. Commodity Futures Trading Commission (CFTC) has initiated a significant debate in the cryptocurrency community by implementing regulations for prediction markets. Players in the cryptocurrency sector have characterized these proposed regulations as an excess. Dragonfly and Crypto.com, among other prominent entities, […]
FTX to Pay $12.7bn to Creditors, CFTC says
FTX and Alameda ordered to pay $12.7 billion in fraud case settlement CFTC announced in a news release. The Commodity Futures Trading Commission announced in a news release that a court has ordered FTX and its affiliate, Alameda Research, to pay $12.7 billion to consumers and victims of their fraud. FTX Ordered to Pay $12.7 […]
Gemini Urges CFTC to Withdraw Event Contracts Rule
Gemini’s co-founder argued that platforms like Polymarket which offer unmatched transparency and integrity. The cryptocurrency exchange Gemini has withdrawn a proposed legislation that, if approved would prohibit all event contracts on decentralized prediction markets and has requested its return to US regulators. Gemini noted in a letter to Christopher Kirkpatrick, the secretary of the United […]
FTX, Alameda to Pay Creditors $12.7B in CFTC Settlement
The settlement follows the collapse of FTX in November 2022, which caused significant turmoil in the cryptocurrency market. A settlement between the Commodity and Futures Exchange Commission (CFTC), the defunct cryptocurrency exchange FTX and the sibling business Alameda Research has received approval from a judge in the United States. Following the exchange’s collapse in November […]
NY Judge Approves $12.7B FTX-Alameda Settlement with CFTC
A New York judge approved a $12.7 billion settlement for FTX and Alameda Research to repay FTX creditors in agreement with the CFTC. As part of a settlement with the United States Commodity Futures Trading Commission (CFTC), a New York judge has granted final sanction for the defunct crypto exchange FTX and its sister trading […]