Is the New CFTC Chairman Heath Tarbert a Bitcoin Ally or Enemy?

CFTC and bitcoin

By Bitcoin fans are wistful after learning that the pro-crypto CFTC (Commodity Futures Trading Commission) chairman Christopher Giancarlo is stepping down on July 15. The U.S. Senate confirmed Giancarlo’s successor, Heath Tarbert, by a vote of 84 to 9. Giancarlo Backs Heath Tarbert Giancarlo was affectionately nicknamed “Crypto Dad” for his pro-bitcoin rhetoric. In … Read more

Bitcoin Hero and CFTC Chair Giancarlo Expects ‘Explosive’ Spike in Crypto Interest

Christopher Giancarlo, CFTC, bitcoin, crypto

By J. Christopher Giancarlo, the retiring chairman of the CFTC, expects a massive spike in interest in cryptocurrencies with the launch of bitcoin futures products. Giancarlo made the remarks in a May 1 speech before a Congressional committee. During his testimony, he recounted the highlights of his tenure at the Commodity Futures Trading Commission … Read more

US Justice Department Probes Tether for Bitcoin Price Manipulation: Report

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The US Department of Justice (DOJ) has reportedly opened a probe into whether Tether, the eponymous issuer of the USD-pegged cryptocurrency stablecoin tether (USDT), has engaged in illegal market manipulation to prop up the bitcoin price. Justice Department Investigates Tether for Crypto Manipulation Citing three people familiar with the matter, Bloomberg reports that federal prosecutors … Read more

CBOE Close to Launching Ethereum Futures: Report

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CBOE, the Chicago exchange that pioneered the listing of bitcoin futures in the U.S., has quietly begun telling market makers that it is close to launching a new cryptocurrency product: ethereum futures. Citing an unnamed source with knowledge of the situation, Business Insider reports that CBOE wants to become the first U.S. exchange to list … Read more

Institutional Investors Swap Bitcoin Futures for Physical BTC in Wall Street First

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Bitcoin took a significant step toward becoming a mainstream financial instrument this week, as two institutional investors completed the first-ever exchange for physical (EFP) transactions involving bitcoin futures. The CME EFP Bitcoin transaction, facilitated by E D & F Man Capital Markets, a registered futures commission merchant, and itBit, an institutional-grade cryptocurrency exchange, saw two … Read more

R3 Director to Join CFTC Blockchain Discussion

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The CFTC Technology Advisory Committee has added blockchain to its topics of discussion for a Wednesday meeting, tapping industry players including R3’s Charley Cooper to participate. R3 is the startup behind Corda, the open-source distributed ledger technology (DLT) project geared toward financial services by which the likes of Credit Suisse, Wells Fargo and others have completed … Read more

CFTC’s Quintenz: ‘Bitcoin and Blockchain Are Transformative’

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The CFTC doesn’t want to interfere with bitcoin or the blockchain. In fact, Brian Quintenz, Commissioner of the Commodities Futures Trading Commission (CFTC), envisions a future not only with bitcoin and blockchain in it but also with them having a transformative effect, saying the regulator has no intentions of standing in the way of innovation. Piggybacking on … Read more

Cryptocurrency Traders Skittish Ahead of US Congressional Hearing

Traders don’t like uncertainty, and there’s more than a dose of that going around in the cryptocurrency markets currently. Not helping, the crypto community is bracing for a Congressional meeting of the minds today on Capitol Hill with lawmakers and regulators on the topic of cryptocurrency trading. The chiefs of both the Securities and Exchange … Read more

‘Open’ to Regulation of Cryptocurrency Exchanges: US SEC Chairman to Testify

The top US securities regulator will testify that he is “open” to federal regulation of cryptocurrency exchanges, according to a transcript of his prepared testimony. Jay Clayton, chairman of the Securities and Exchange Commission (SEC), will make this statement at a Feb. 6 hearing before the US Senate Committee on Banking, Housing, and Urban Affairs. … Read more

CFTC Subpoenas Bitfinex and Tether as Questions Mount Over Audit

Bitfinex Tether

Questions surrounding one of the world’s largest cryptocurrency exchanges and its relationship with embattled startup Tether are set to receive a hearing from US regulators. The US Commodity Futures Trading Commission (CFTC) sent subpoenas to both companies on December 6th, according to a Bloomberg report, which cites an unnamed source familiar with the matter. “We … Read more