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A little less than 2 months ago I wrote an article entitled ‘Genesis Trading: Give Us at Least $1 Billion or We are Looking at Bankruptcy ’. Genesis had $175 million tied up in a FTX trading [...]
In the absence of clear regulatory guidance for the burgeoning crypto finance industry, the SEC’s new Chairman, Gary Gensler, has made it clear that his agency is going to take an...
Tether has agreed to pay $41 million (roughly Rs. 307.2 crores) to settle charges levied by US Commodity Futures Trading Commission (CFTC) that says it mislead consumers by claiming that its crypto token was fully backed by US dollars reserve at all times.
Cryptocurrency Tether and crypto exchange Bitfinex will pay $42.5 million to settle civil charges from the U.S. Commodity Futures Trading Commission (CFTC) over allegedly making misleading statements and making illegal transactions.
Firms doing business as Tether agreed to pay $41 million to resolve CFTC charges they made misleading claims about Tether's cryptocurrency stablecoin, the CFTC said in a statement on Friday.