The United States Commodity Futures Trading Commission, or CFTC, filed a complaint against Digitex LLC and its founder and CEO Adam Todd for failing to register the cryptocurrency futures exchange and manipulating the price of its DGTX token. According to a Sept. 30 court filing in the Southern District of Florida, Todd allegedly pumped up the price of DGTX tokens…
Paraguayan lawmakers this week rejected the president’s veto of a major Bitcoin mining regulation bill. A total of 33 senators on Wednesday voted to reject President Mario Abdo Benitez’s decision to veto the bill, which wants to regulate Bitcoin mining in the South American country. In July, Paraguay’s legislature approved the bill to create a clear-cut tax and regulatory framework…
Amber Group has reproduced the recent Wintermute hack, the Hong Kong-based crypto finance service provider announced on its blog. The process was fast and simple, and used hardware easily accessible to consumers. Wintermute lost over $160 million in a private key hack on Sept. 20. Reproducing the hack can help “build a better understanding of the attack surface spectrum across…
On Sept. 30, NFT Steez, a bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Mashiat Mutmainnah to discuss how regenerative finance (ReFi) can provide more accessibility and inclusivity to blockchain technology. As a “mission-driven movement,” Mutmainnah explains that ReFi enables users to redefine their relationship with the current financial system and their relationship with finance and…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. United States Federal Reserve chairman Jerome Powell has given his verdict on the evolution of the DeFi market, claiming there is a definite need for robust regulation before the nascent market could expand to…
The U.S. Securities and Exchange Commission hasn’t forgotten about the 2017 ICO craze. The SEC filed charges on Friday against four men behind Bermudan company Arbitrade Ltd., Canadian firm Cryptobontix Inc., and U.A.E.-based Sion Trading for allegedly running a pump-and-dump cryptocurrency token scheme worth $36.8 million from 2017 until 2019. The men behind the alleged scam claimed they had $10…
The Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2. The Senate defended the initiative, stating that passing the bill would benefit the country due to its effect on tracking the energy consumption of crypto miners and the income that mining taxes would bring to the state.…
Bitcoin’s (BTC) spot trading below $20,000 is seeing a new “capitulation” event encompassing an entire year’s worth of buyers, research reveals. In one of its Quicktake market updates on Sep. 29, on-chain analytics platform CryptoQuant flagged intense selling by a large number of recent hodlers. 2021 bull market coins “have been sold aggressively” As BTC/USD lingers near levels barely seen…
The Commodities Futures Trading Commission has sued Adam Todd, the founder of crypto derivatives exchange Digitex, for allegedly running an illegal trading platform. The CFTC says Digitex has “never been registered with the Commission in any capacity.” The regulator also said in its complaint, filed Friday in the Southern District of Florida, that the company lacked appropriate know-your-customer (KYC) procedures…
This article is the core story in Bitcoin Magazine’s “The Orange Party Issue”. Click here to subscribe now. A PDF version of this article is available for download in Spanish and English. On September 7, 2021, El Salvador became the first country in the history of the world to adopt bitcoin, the world’s new currency. Remember those words, as they…
