Jill Sommers, a former CFTC commissioner, joins the Company’s Board of Directors. FTX US Derivatives was the first to offer Bitcoin mini-contracts in the U.S. The Company is regulated by the Commodity Futures Trading Commission (CFTC). FTX US Derivatives (“the Company”), a digital asset futures and options exchange and clearinghouse regulated by the Commodity Futures Trading Commission (CFTC), announced today that Jill Sommers, a former CFTC commissioner, has joined the Company’s Board of Directors. Since its launch in 2017, when it was still called LedgerX, FTX US Derivatives has made options and swapped cryptocurrency contracts available to investors around the…
Author: Owais
Owais
Owais is a skilled professional with a strong background in web editing and social media marketing. As a Web Editor, he possesses a keen eye for detail and a flair for crafting engaging online content. Additionally, Owais leverages his expertise as a Social Media Marketer to effectively promote brands and drive audience engagement. Having completed his Bachelor's degree in BA from Karachi University, Owais gained a comprehensive understanding of various subjects within the humanities. This educational foundation, combined with his passion for digital media, has allowed him to excel in his role as a Web Editor and Social Media Marketer. With a focus on delivering captivating and impactful content, Owais consistently strives to enhance the online presence of brands and effectively communicate their messages to a wide audience. Through his strategic approach and creative insights, he has successfully built and managed social media campaigns that have generated significant reach and engagement. Owais's ability to effectively leverage digital platforms and optimize content for online consumption has proven invaluable in the ever-evolving landscape of web editing and social media marketing. His dedication to staying up-to-date with the latest trends and techniques ensures that he remains at the forefront of digital strategies, enabling him to drive meaningful results for clients and brands.
U.S. government is looking into whether Binance broke the Bank Secrecy Act. Crypto exchanges that do “substantial” business in the US must register with the Treasury Department and follow anti-money laundering rules. In a written request from late 2020 that Reuters saw, U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to give them a lot of information about its anti-money laundering checks and communications with its CEO and founder, Changpeng Zhao. The money laundering section of the Justice Department asked Binance to turn over messages from Zhao and 12 other executives and partners. These messages were about things…
Ticketmaster has already created more than 5 million NFTs on the Flow blockchain. NBA Top Shot, UFC Strike, and NFL All Day all run on Flow. 70,000 one-of-a-kind virtual commemorative tickets NFT were made for Super Bowl LVI. Event organisers who use Ticketmaster to sell tickets for live events can now issue NFTs before, during, and after live events thanks to a new service from Dapper Labs’ Flow blockchain. Throughout the fan journey, the goal is to open up unique integrations. Ticketmaster has already created more than 5 million NFTs on the Flow blockchain for its event organiser clients, such…
SEC asks Grayscale Investments LLC about its “security law analysis” of tokens in some of its less popular crypto trusts. The investigation casts a shadow over the trusts’ future at a time when world’s largest digital asset manager is dealing with a sharp drop in the value of its assets. Grayscale’s business is based on the idea that ZEC, ZEN, and XLM are not securities. If the company finds out otherwise, it may have to shut down the trusts. The U.S. Securities and Exchange Commission (SEC) has asked Grayscale Investments LLC about its “security law analysis” of tokens in some…
This week, news came out that Indian authorities had searched the offices of CoinSwitch Kuber, a venture-backed cryptocurrency exchange. Ashish Singhal, who helped start CoinSwitch and is now its CEO, said in a statement on Saturday that the company was working with the Enforcement Directorate and that the searches had nothing to do with money laundering. Ashish Singhal, the co-founder and CEO of CoinSwitch Kuber, said on Twitter on Saturday that his company is working with India’s Enforcement Directorate and that the searches that were said to have happened last week had nothing to do with money laundering. A source…
Militant group considers Bitcoin fraudulent Herat, which is Afghanistan’s third largest city, was the focus of the crackdown. Taliban ban Crypto: Central bank of Afghanistan banned cryptocurrencies all over the country, and a senior police official said that the Taliban regime has arrested several dealers who didn’t follow orders to stop trading digital tokens. Some Afghans used cryptocurrencies to keep their money safe and out of the hands of the Taliban. This is why the government is now cracking down on them. Cryptocurrency has become a popular way to move money in and out of a country that can’t use…