Category: Exchanges

US Markets Regulator Sues Crypto Exchange Gemini Over Alleged Violations Regarding Bitcoin (BTC) Futures Product

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The Commodities Futures Trading Commission (CTFC) is bringing charges against the Gemini crypto exchange, alleging employees made false and incomplete statements to the agency. In a new press release, the CFTC announced it has filed a complaint against the Gemini Trust Company in the State of New York in connection with the 2017 evaluation period of the company’s proposed Bitcoin (BTC) futures contract product. In claiming Gemini made false statements and omissions, the CFTC “seeks disgorgement of ill-gotten gains, civil monetary penalties, injunctions relating to registration and trading, and an…

CFTC Sues Crypto Exchange Gemini for Sharing Misleading Information

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Winklevoss-twins-owned Gemini is at the firing line of the US regulator. The Commodity Futures Trading Commission (CFTC) has sued the crypto exchange for allegedly misleading the regulator when gaining approval for a Bitcoin futures product in 2017. According to the CFTC, which filed a complaint in a New York court, Gemini Trust Company, LLC (Gemini) provided “false or misleading statements of material facts or omitting to state material facts” to the regulator. Gemini’s Bitcoin future, which it launched in December 2017, proposed a price-settlement technique determined by an auction on…

Russia-Ukraine War Rattles Moscow Exchange as Volumes Collapse in May

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In an obvious ripple effect of the ongoing Russia-Ukraine war, trading volumes in major markets of Moscow Exchange, Russia’s largest exchange group, collapsed by significant numbers. This is according to figures contained in the latest monthly trading volume released by the exchange on Thursday. While the markets grew by 5.2% from RUB 74.3 trillion in May 2021 to RUB 78.2 trillion last month, major volumes slumped. The exchange’s money and foreign exchange (forex) spot markets surged 61.9% and 22.4%, respectively, led the overall market growth recorded in May. Keep Reading…

CFTC sues Gemini claiming the crypto exchange lied in futures contract evaluation

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The United States Commodity Futures Trading Commission (CFTC) filed suit against Gemini Trust Co. in the U.S. Southern District Court of New York on Thursday. The CFTC claimed in the civil suit that Gemini made false or misleading statements to the CFTC in 2017 during in-person meetings and in documents, violating the Commodity Exchange Act and other regulations.  The agency was making an evaluation of the potential self-certification of a Bitcoin (BTC) futures contract to be based on the spot Bitcoin price determined by an auction held on Gemini’s digital…

B2Broker Now Offers 150 Cryptocurrency CFD Pairs

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The B2Broker team is pleased to announce the addition of new cryptocurrencies to its cryptocurrency offering. Thus, the platform now offers 150 cryptocurrency CFD pairs. There are a number of new coins, including FTT, MANA, AAVE, COMP, SNX, APE, QTUM, THETA, KSM, YFI. These coins are paired with USD. Providing comprehensive services and instruments to our clients continues to be a top priority for B2Broker with this expansion. As always, this new portfolio of crypto CFD instruments offers a high level of liquidity and tight spreads that our clients have…

SIX Swiss Exchange’s Trading Jumps 2.8% in May, Lands at CHF 109.4bn

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SIX Swiss Exchange, Europe’s third largest stock exchange and top post-trade service provider, recorded a 2.8% growth month-on-month (MoM) in its total trading turnover for May 2022. The service provider, which hit CHF 109.4 billion in trading turnover in the said month, also saw its total number of transactions rise by 13.8% to 5,502,484. “Since the beginning of 2022, trading turnover reached CHF 607.9 billion with a total of 29,485,471 transactions,” the exchange wrote in a statement that outlines the volumes. SIX’s Past Performance The exchange had recorded a trading…

Crypto Exchange Coinbase Reveals Its Process for Listing New Altcoins

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Top US-based crypto exchange platform Coinbase is revealing its listing procedures for new altcoins. According to a new blog post by Coinbase chief product officer Surojit Chatterjee, the crypto exchange’s listing process starts with asset issuers creating an account and submitting an application. Next, Coinbase’s Digital Asset Listing Group (DALG) evaluates the application using its standard listing evaluation framework to ensure it meets legal and safety requirements. If approved, the asset is listed on the exchange and closely monitored to ensure it continuously meets the platform’s requirements, according to Coinbase.…

Musk and Jackson Palmer exchange barbs

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Billionaire Elon Musk and Dogecoin (DOGE) co-founder Jackson Palmer are locked in battle on social media over Palmer’s claim that he could remove Twitter bots with a simple Python script. Australian Palmer said in an interview that his script was capable of automatically tweeting replies to scam tweets as a way of indicating that users should beware of the danger. He told news outlet Crikey on May 30 that Musk had reached out to get the script, but claimed the billionaire’s technical knowledge was so deficient that he didn’t know…