CFTC Says Bitcoin Trader Who Lost $1.1M Will Serve 15 Months in Jail

The Commodity Futures Trading Commission (CFTC) revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1.1 million for Bitcoin fraud. Employer Tipped Off Authorities According to sources including US regulator the Commodity Futures Trading Commission (CFTC) and a social media commentator citing “people close” to the matter, Joseph Kim […]

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Bitcoin Con Artist Docked for $2.5 Million By U.S. Federal Court

A U.S. Federal Court recently indicted Gelfman Blueprint Inc. (GBI) and its CEO Nicholas Gelfman to the tune of $2.5 million for running a Bitcoin Ponzi scheme. The matter is the first ever anti-fraud proceedings concerning Bitcoin taken up by the Commodity Futures Trading Commission (CFTC). Court Levies $2.5 Million Against GBI and Gelfman  According […]

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‘Nothing At All’ Going on With Crypto Regulation, Says D.C. Insider

Despite the growing importance of the cryptocurrency industry, the US government’s position on crypto regulation remains frustratingly opaque. According to a D.C. insider, a movement towards real regulation or greater regulatory guidance is still quite far away. Had drinks yesterday with a friend who’s deeply connected in DC. Me: “what do you hear about crypto […]

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LedgerX Introduces CFTC Licensed Bitcoin Savings Accounts

Osato Avan-Nomayo · May 16, 2018 · 1:00 pm LedgerX has introduced a Bitcoin savings product licensed by the CFTC. The Bitcoin asset management platform has designed this new product to cater to long-term hodlers. The LedgerX Bitcoin ‘Call Overwrite’ Launched on May 15th, the LedgerX Bitcoin savings account enables investors to earn a fiat-based yield […]

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US Regulator Urges SEC to Clarify If Ethereum Tokens Are Securities

Dieter Holger · May 15, 2018 · 1:00 pm Wall Street continues to debate whether cryptocurrencies should be treated as securities or commodities. Ethereum, the world’s second most valuable cryptocurrency after Bitcoin, finds itself in the crosshairs of regulators. Ethereum: Security or Commodity? The Securities and Exchange Commission (SEC) and other federal agencies should swiftly […]

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