Giancarlo

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U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations

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In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the … Read more

CFTC Publishes Advisory On Listing Cryptocurrency Derivatives

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The United States Commodity Futures Trading Commission (CFTC) has issued an advisory for exchanges and clearinghouses providing guidance pertaining to the assessment and listing of cryptocurrency derivatives. Also Read: Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics CFTC Issues Advisory Regarding Cryptocurrency Derivatives The CFTC’s Division of Market Oversight (DMO) and Division of Clearing … Read more

Tempers Flare at Milken Institute Cryptocurrency Conference

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Tempers flared during a cryptocurrency panel hosted at the Milken Institute 21st Global Conference, in Beverly Hills, California with discussions degenerating to profanity as Nouriel Roubini, also known as ‘Dr. Doom,’ described bitcoin’s purported decentralization as “bullshit.” In addition to the comedy of Mr. Roubini, the United States Commodity Futures Trading Commission (CFTC) chairman offered … Read more

CFTC’s Christopher Giancarlo Criticizes Outdated Regulatory Mandate

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The chairman of the United States Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, recently discussed the challenges associated with assessing the regulatory implications of bitcoin and cryptocurrency according to the CFTC’s “decades[-]old” legislative mandate. Also Read: Openbazaar Co-Founder Expresses Frustration Over BTC Fees CFTC Chairman Criticizes 1930’s Legislative Apparatus In a recent interview with CNBC, Mr. … Read more

Crypto Regulator CFTC Chairman Takes Funding Cuts “Incredibly Personally”

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The United States’ Commodity Futures Trading Commission (CFTC) has received a $1 million USD budget cut. The announcement has come following the CFTC Chairman, Christopher Giancarlo requested an increase in the regulator’s budget of 12 percent. Also Read: 80,000 New Merchants in Europe Gain Option to Accept Crypto CFTC Request For Funding Increase Answered With Budget … Read more

Chairmen of SEC and CFTC Co-Author Article on Crypto Regulations

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Jay Clayton, the chairman of the United States Securities and Exchange Commission (SEC), and J. Christopher Giancarlo, the chairman of the United States Commodity Futures Trading Commission (CFTC), have co-authored an opinion piece recently published by The Wall Street Journal. The article outlines a number of perceived problems facing the cryptocurrency sphere from the perspective … Read more

Vouching Bitfinex and Tether’s Bank Accounts Hold Nearly $3 Billion USD

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Zhao Dong, a prominent Chinese early bitcoin adopter and shareholder in Bitfinex, recently posted on Weibo seeking to provide anecdotal evidence as to the integrity of Bitfinex and Tether’s financial reserves. The post claims that Zhao Dong and Lao Mao, the chief executive of Big.one, have witnessed first hand the balances of Bitfinex and Tether’s … Read more

Scrutiny Intensifies as Tether Exceeds Supply of 1 Billion USDT

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1 billion USDT have now entered into circulation, again drawing attention to the operations of Tether. The eight-figure threshold for Tether was passed during the creation of nearly 300 million USDT that has occurred over the last seven days. Also Read: Bitfinex Critic Claims to be Organizing Class Action Lawsuit Against Ifinex Tether First Emerged in … Read more

Bitfinex Critic Claims to be Organizing Class Action Lawsuit Against Ifinex

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A prominent Twitter-based critic of Bitfinex, AB33, has announced his intention to initiate a class-action lawsuit against Ifinex – a BVI based company of which Bitfinex has previously asserted it is owned and operated by. The announcement of AB33’s desire to seek litigation against the company came shortly after the surfacing of documents revealing that … Read more