SFC Announces Definitive Timeline for Uncertificated Securities Market in Hong Kong

by Theresa Joy Lacatan | Jul 18, 2024 | Blog News, Crypto News

On 16 July 2024, the Securities and Futures Commission (SFC) released its consultation conclusions regarding the proposed subsidiary legislation, code, and guidelines for implementing an uncertificated securities market (USM) in Hong Kong. Following extensive market...

FTX and CFTC Agree to $12.7 Billion Settlement to Resolve Long-Standing Dispute

by Theresa Joy Lacatan | Jul 18, 2024 | Blog News, Crypto News

According to the document filed by FTX on 12 July 2024 in the U.S. Bankruptcy Court for the District of Delaware, the bankrupt cryptocurrency exchange FTX and the United States Commodity Futures Trading Commission (CFTC) have reached a $12.7 billion settlement,...

CFTC Issues No-Action Position on Swap Data Reporting for ForecastEx LLC

by Theresa Joy Lacatan | Jul 18, 2024 | Blog News, Crypto News

The Commodity Futures Trading Commission announced on 12 July 2024 that the Division of Market Oversight and the Division of Clearing and Risk have issued a no-action position regarding swap data reporting and recordkeeping regulations in response to a request from...

United States’ CFTC and DOJ Host Inaugural Fraud Disruption Conference to Combat “Pig Butchering” Scams

by Theresa Joy Lacatan | Jul 17, 2024 | Blog News, Crypto News

On 11 July 2024, the Commodity Futures Trading Commission (CFTC) and the Department of Justice’s Computer Crime and Intellectual Property Section’s National Cryptocurrency Enforcement Team (NCET) announced the commencement of the first Fraud Disruption Conference,...

UK Authorities Set Precedent with Landmark Monero Seizure, Forcing Drug Dealer to Repay £23000

by Theresa Joy Lacatan | Jul 16, 2024 | Blog News, Crypto News

On 10 July, 2024, a British man convicted of selling a deadly substance falsely marketed as a ‘weight loss’ drug was ordered to repay £23,000 in proceeds from his crime. Jack Finney, 28, was compelled to hand over a significant amount of Monero cryptocurrency, marking...

Bitcoin Stabilizes Around $57,000 Amid German Government Transfers and ETF Inflows

by Theresa Joy Lacatan | Jul 14, 2024 | Blog News, Crypto News

On 11 July, 2024, Bitcoin (BTC) stabilized around the $57,000 mark, while the German Government continues to transfer Bitcoin to exchanges, and US spot Bitcoin ETFs recorded significant inflows. On-chain analytics indicate that whales are accumulating BTC during dips,...