Fun

News Feed - 2023-09-08 08:09:54

Brayden Lindrea21 minutes agoCTFC cracks down on DeFi protocols Opyn, ZeroEx and DeridexThe commodities regulator handed out fines of $250,000, $200,000, and $100,000 respectively to the three firms in addition to cease and desist orders.94 Total views1 Total sharesListen to article 0:00NewsJoin us on social networksThe United States Commodity Futures Trading Commission (CFTC) is taking regulatory action against three decentralized finance protocols for allegedly failing to register various derivatives trading offerings.


The U.S. commodities regulator announced that it issued orders against protocol Opyn, ZeroEx and Deridex in a Sept. 8 statement.Today @CFTC issued orders against operators of three DeFi protocols for offering illegal digital asset derivatives trading. Learn more: https://t.co/7YDbgC1Xl2— CFTC (@CFTC) September 7, 2023


Deridex and Opyn were charged for failing to register as a swap execution facility or designated contract market and failing to register as a futures commission merchant. The two protocols also failed to comply with customer provisions set out in the Bank Secrecy Act, the CFTC said.


Related:CFTC commissioner calls for crypto regulatory pilot program


All three firms were also charged with illegally offering leveraged and margined retail commodity transactions in digital assets.


The CFTC"s orders oblige Opyn, ZeroEx, and Deridex to pay penalties of $250,000, $200,000, and $100,000, respectively, and to cease and desist from violating the Commodity Exchange Act and the CFTC"s regulations.


Magazine:Crypto regulation: Does SEC Chair Gary Gensler have the final say?


This is a developing story, and further information will be added as it becomes available.# Derivatives# DeFi# RegulationAdd reactionAdd reactionRead moreHow to earn passive income with peer-to-peer lendingCrypto VC: Risk and investment strategies with Shima CapitalRon DeSantis’ falling polls: Could crypto lose its candidate?

News Feed

Hackers Compromise Web Portal Bitcoin.org — DNS Hijack Replaces Site With BTC Doubler Scam
Hackers Compromise Web Portal Bitcoin.org — DNS Hijack Replaces Site With BTC Doubler Scam On Thursday, the pseudonymous operator of Bitcoin.org told the public on Twitter that t
Zapala Free Zone to Offer New Opportunities to Bitcoin Miners in Argentina
Zapala Free Zone to Offer New Opportunities to Bitcoin Miners in Argentina The Zapala Free Zone, an area located in Neuquen, Argentina that has the objective of incentivizing vario
Human Readability and Privacy: BCH Can Be Sent by Email With Tips Tool, No Usernames Required
Human Readability and Privacy: BCH Can Be Sent by Email With Tips Tool, No Usernames Required Tips.Bitcoin.com allows users of crypto to tip BCH to friends and family via email a
Rigel Protocol to Launch Unique NFTs Collection Sales
Rigel Protocol to Launch Unique NFTs Collection Sales press release PRESS RELEASE.Finally, Rigel Protocol is ready to join the NFTs Buzz with its first NFTs Collections for each uni
US Lawmaker Calls on SEC Chair Gensler to Testify About His Crypto Regulatory Failures
US Lawmaker Calls on SEC Chair Gensler to Testify About His Crypto Regulatory Failures U.S. Congressman Tom Emmer has called on the chairman of the Securities and Exchange Commissi
Arijit Sarkar1 hour agoSingapore awards major payment institution license to Sygnum Bank subsidiarySygnum Singapore plans to expand its regulated offering to Asia-Pacific (APAC) markets, such as Hong Kong, a spokesperson
MicroStrategy to launch Bitcoin-based decentralized ID solution
Brayden Lindrea6 hours agoMicroStrategy to launch Bitcoin-based decentralized ID solutionMicroStrategy has already built an application called Orange For Outlook on “MicroStrategy Orange,” which integrates digital si
Tristan Greene5 hours agoUAE signs deal to develop carbon credit system on Venom Foundation blockchainThe UAE recently announced that it intends to reduce carbon emissions by 40% by 2030, a marked increase over its previ
German Cannabis Firm Hedges Bitcoin to Protect from Massive Currency Devaluation
German Cannabis Firm Hedges Bitcoin to Protect from Massive Currency Devaluation On Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany
Down From the Peaks: A Look at How Far Crypto Assets Have Slid From Their All-Time Highs
Down From the Peaks: A Look at How Far Crypto Assets Have Slid From Their All-Time Highs Digital currencies had a phenomenal year, and a great deal of the crypto assets in existenc
Arijit Sarkar12 hours agoMaine state treasurer to focus on handling abandoned cryptocurrency accountsAccording to official data available publicly, the state of Maine currently holds over $328 million in unclaimed proper
Supreme Tribunal in Venezuela States Sunacrip Has Strategic Role, Voids Earlier Sentence
Supreme Tribunal in Venezuela States Sunacrip Has Strategic Role, Voids Earlier Sentence The Supreme Tribunal of Justice of Venezuela has stated in a recent sentence that the tasks