CFTC Issues New Guidance on Cryptocurrency Derivatives

The top US markets regulator has issued new guidance to exchanges and other trading platforms that are interested in listing bitcoin futures and other cryptocurrency derivatives products. The Commodity Futures Trading Commission (CFTC) released this new guidance on Monday, providing exchanges with a set of best practices to follow as they develop and launch these

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Walmart Files Patent for Blockchain-based Digital Marketplace

A recently released filing by the U.S. Patent and Trademark Office (USPTO) outlines a blockchain-based framework that Walmart has envisioned as part of its efforts to expand its digital services for retail shoppers. Walmart’s Blockchain Push Filed in 2017 and granted on May 17, 2018, the document is an example of Walmart’s push to embrace digital

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Newsflash: Bears Push Bitcoin Price Back Below $8,000 as Market Sheds $18 Billion

The bitcoin price fell back below the $8,000 level on Tuesday after the flagship cryptocurrency failed to receive a Bitcoin Pizza Day bump. Bitcoin had briefly peaked above $8,600 on Monday, giving investors a false hope that it would make a run back toward $9,000. Unfortunately, this rally proved unsustainable, and the bitcoin price entered

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SEC Chair Jay Clayton Applauds Operation Crypto Sweep’s Crackdown on ICO Scams

Jay Clayton, chairman of the U.S. Securities and Exchange Commission, praised state-level regulators across the United States and Canada for cracking down on cryptocurrency fraud through their joint task force — “Operation Crypto Sweep.” “I applaud our fellow regulators in the United States and Canada who are coordinating and participating in efforts to police fraud

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1000 Bitcoins Seized in Landmark Israeli Money Laundering Case

The cybercrime division of the State Attorney’s office of Hebron, Israel indicted local resident Hilmi Git on Monday for allegedly using over 800 Israeli credit cards to carry out 20,000 fraudulent transactions and laundering the money using bitcoin. The indictment, filed in the Tel Aviv district courts, alleges that the transactions they claim Git made

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Big Investors Not Scared by Bitcoin Price Drop, Cryptocurrency Inevitably Replaces Fiat

Avi Salzman, a senior editor for Barron’s magazine, released a report this week featuring big money investors and executives from the rapidly growing cryptocurrency sector who generally believe, despite the recent bitcoin price drop, cryptocurrency will inevitably replace fiat. Inevitable Outcome Over the past five months, the valuation of the cryptocurrency market has dropped by

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Federal Reserve’s Kashkari Rips Cryptocurrency Market: ‘It Has Become a Farce’

Neel Kashkari, the president of the Minneapolis Federal Reserve, slammed the cryptocurrency industry, saying it has become a “farce” due to unregulated chaos and escalating fraud. Kashkari made the biting remarks at Bay College in Escanaba, Michigan, on May 21, where he expressed dismay at the proliferation of scams in the nascent crypto ecosystem. “It’s

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Circle Takes Aim at Crypto Index Funds with Market Cap-Weighted Investing

Cryptocurrency brokerage service Circle Invest is taking aim at crypto index funds with its new “Buy the Market” feature, which allows retail investors to purchase market cap-weighted positions in the assets listed on the platform. The feature, added to the investing app in its latest update, gives investors the option to decide how much they

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Crypto Investment Manager Touts 3 Catalysts for Bitcoin Cash Bull Run

Cryptocurrency portfolio manager Brian Kelly has been touting Bitcoin Cash for weeks, and now he’s doubling down on his bullish call. Bitcoin Cash outperformed other leading digital currencies, the latter of which have taken it on the chin in recent weeks. The Bitcoin Cash price advanced 6% over the last month compared to declines of

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Privacy Coin Verge Succumbs to 51% Attack [Again]

Privacy-centric cryptocurrency Verge (XVG) appears to have succumbed to a 51 percent attack for the second time since the beginning of April. According to data published on BitcoinTalk by forum user ocminer — operator of altcoin mining pool Suprnova — an attacker appears to have successfully forked the Verge blockchain through a 51 percent attack.

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