Former BitMEX CEO Arthur Hayes Could Surrender in Hawaii in April
Arthur Hayes has proposed to surrender on April 6th following the charges brought by the CFTC against him and other
The US Commodity Futures Trading Commission (CFTC) is an independent federal agency that was established back in 1974 by the Commodity Futures Trading Commission Act. It regulates the commodity futures, as well as the options market. The goal is to protect investors against market manipulation, fraud, and abusive trade practices, while also promoting competitive and efficient trading.
There has been a serious debate regarding the nature of cryptocurrencies and whether or not they can be classified as commodities or securities, or even currencies, in general. Bitcoin, for example, was deemed a commodity by the CFTC back in 2015. Hence, those who operate with it would have to abide by the regulations set forth toward commodities.
In December 2019, the Chairman of the CFTC also said that Ether (ETH) is a commodity and, as such, falls within the jurisdiction of the CFTC.
Regarding other cryptocurrencies, it depends on their structure, intended use, and designation. As such, some of them may be considered securities and to fall within the department of the Securities and Exchange Commission (SEC), which posts a whole different set of rules.
Arthur Hayes has proposed to surrender on April 6th following the charges brought by the CFTC against him and other
The hedge fund manager who predicted BTC's rise to $40k in 2018 and the former CFTC Chair, a.k.a 'crypto dad',
100x Group, the corporation operating the Bitcoin derivatives exchange BitMEX, has a new Independent Non-Executive Board Director.
A few months after the departure of Arthur Hayes as the 100x CEO, the BitMEX parent company has replaced him
The US-based cryptocurrency exchange Coinbase Pro will suspend margin trading entirely starting from December to comply with CFTC guidance.
Over a month after the owners of BiMEX were charged with anti-money laundering violations, the exchange has partnered with Eventus
BitMEX will be adding Polkadot, Binance Coin, and YFI for trading towards the end of the month. In addition, the
The restructuring within 100x Group continues as the organization operating BitMEX has appointed a new CCO to further enhance
Samuel Reed, the CTO of the popular Bitcoin derivatives exchange BitMEX, has been released on a $5 million appearance bond.
Recent data has revealed that 45,000 bitcoins were withdrawn from BitMEX following the CFTC charges. Binance and Gemini have received