CFTC Issues Subpoenas To Four Major Cryptocurrency Exchanges
13 Juin, 2018, 14:11 | Auteur: Auguste Feret
US commodities regulatory body CFTC would join the US Justice Department in criminal investigations against pot Bitcoin markets over allegations of price manipulation by the Chicago Mercantile Exchange (CME). CME is said to be forming its Bitcoin futures prices based on information and data obtained from four crypto exchanges: Coinbase, ItBit, Kraken, and Bitstamp. In December previous year, it started selling Bitcoin-based futures contract, which are the contracts that describe transactions stipulated for a future date. Several exchanges chose not to comply, claiming CME's request was invasive.
Investigators from CFTC were not happy because CME did not have an agreement with the exchanges to share data which is related to a futures contract.
To understand why CFTC is investigating these major crypto exchanges it is important to know the working of CME and all these exchanges. The four exchanges relented, giving up limited data of a few of its participants.
The CFTC, which had supported the bitcoin futures' introduction which they saw as risky but worthwhile, became frustrated and subpoenaed the exchanges. Such an agreement would have detailed the type of trading information the CME would have received, including traders' identities, the time of trades, canceled or unfilled orders and size of orders.
According to sources, CME had approached a third-party London-based company to calculate the Bitcoin futures prices. The department is said to be looking for ways in which traders can manipulate prices of cryptocurrencies through illegal activities like wash trading. The launch of Bitcoin futures by CME was considered as a pioneering step by the industry experts and they expected that it will bring the digital currency into the mainstream.
Denuclearize first, talk sanctions after: What historic US-N
The president said the drills cost the US a " tremendous amount of money ", and that South Korea hasn't always chipped in enough. CBS News' David Martin reports that Pentagon spokesperson Dana White said Defense Secretary James Mattis "was not surprised".
Awaiting sentencing, Fyre Festival promoter arrested again
NYC VIP Access was purporting to sell tickets to major events such as the Grammys, the Met Gala, Coachella, and the Super Bowl. McFarland is accused of running a sham business called NYC VIP Access from late 2017 up until March 2018.
Neither Bitstamp nor Coinbase commented on the matter.
Jesse Powell, the chief executive officer of Kraken, has criticised the subpoena, stating that the "newly declared oversight" of the CFTC "has the spot exchanges questioning the value and cost of their index participation". He stated earlier this week that bitcoinmarket manipulation concerns were overstated, and that anyone attempting to manipulate the market is taking a big risk for minimum benefit.
US Commodity Future Trading Commission (CFTC) has sent subpoenas to bitcoin exchanges in its ongoing bitcoin manipulation probe that started at the end of last month.
At the time, Attorney General, Eric T. Schneiderman had said, "With cryptocurrency on the rise, consumers in NY and across the country have a right to transparency and accountability when they invest their money". In spoofing, traders submit large orders that cause other traders to raise their buy price which, in turn, allows the spoofers to sell at higher prices. Both the CFTC and the CME are monitoring trading for that hour to try and determine if individual trades could affect futures pricing.
Mais il le sera nettement moins que lors de la précédente journée de mobilisation spéciale, la "Journée sans cheminots " le 14 mai, qui avait vu rebondir la participation jusqu'à frôler les 28% de grévistes.
More importantly, he would head to Shinnecock Hills with a spring in his step for the second major championship of the year. At the 445-yard par-4 sixth, Bryan got on in 2 and missed his par putt from 4 feet, finishing with a 3-putt bogey.
"If an additional charge needs to be filed after further evidence is received, we can file those charges then". Mile High Spirits said on its Facebook page that the bar's management was "deeply saddened" by the incident.
Dashcam captured the May incident and shows the officer running after the boy before pulling him to safety. The 1-year-old was running alongside traffic, including large trucks whizzing by at risky speeds.
Selon nos informations, un accord a été trouvé aujourd'hui entre les deux clubs pour le transfert de Thomas Lemar . Thomas Lemar portera le maillot de l'Atlético de Madrid, sauf improbable retournement de situation.
VIDÉO - Yvette Horner, mascotte du Tour de France
A la fin des années 1980, après le décès de son mari, elle change de look sous la houlette du couturier Jean Paul Gaultier . Elle troque alors sa chevelure noire pour un roux flamboyant, adopte des tenues extravagantes et redevient à la mode.
Salah still a doubt for World Cup opener against Uruguay
The mercurial forward posed for pictures this week in the official team kit, looking both in good shape and in high spirits. It remains unclear if he will be fit to feature in their opening fixture against Uruguay on Friday.