SEC Charges Ohio Man for $33M Crypto Fraud Targeting Physicians

SEC Charges Ohio Man for $33M Crypto Fraud Targeting Physicians

An Ohio man has been charged by the U.S. Securities and Exchange Commission for allegedly defrauding 150 investors in a cryptocurrency trading scheme. An Ohio man has been charged by the United States Securities and Exchange Commission for allegedly defrauding 150 investors in a cryptocurrency trading scheme.The SEC’s complaint, filed in federal court in New York on Feb. 11, accuses Michael W. Ackerman of raising at least $33 million in violation of anti-fraud provisions…

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CME’s Futures Options Sprinted Out of the Gate but a Marathon Lies Ahead

CME launched its first Bitcoin options product, but is its initial success a matter of good timing? In the two years since it launched cash-settled Bitcoin futures, CME has firmly established itself as a leader in the regulated crypto derivatives space despite not always being the first to market. In December 2017, it launched regulated Bitcoin futures a week after rival exchange CBOE. However, it only took 15 months for CBOE to completely withdraw from the market. By…

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Qatar Financial Centre Puts Blanket Ban on Cryptocurrency Businesses

Qatar Financial Centre Puts Blanket Ban on Cryptocurrency Businesses

The Qatar Financial Centre — a business development jurisdiction in the country — has introduced a blanket bank on crypto-related businesses. The Qatar Financial Centre Regulatory Authority (QFCRA) announced that virtual asset services may not be conducted in or from the Qatar Financial Centre (QFC).The regulator announced the new measures in a tweet published on Dec. 26, stating that authorized firms are not permitted to provide or facilitate the provision or exchange of crypto…

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CME Group Announces Launch Date of Options on Bitcoin Futures Product

CME Group Announces Launch Date of Options on Bitcoin Futures Product

The Chicago Mercantile Exchange Group has announced the date it expects to launch options on Bitcoin futures. The Chicago Mercantile Exchange (CME) Group has announced the date it expects to launch options on Bitcoin (BTC) futures in a statement on Nov. 12.“In response to growing interest in cryptocurrencies and customer demand for tools to manage bitcoin exposure, CME Group will launch options on Bitcoin futures (BTC) on January 13, 2020,” the company revealed in…

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Galaxy Digital and XBTO Execute First Block Trade of Bakkt Bitcoin Futures

Galaxy Digital and XBTO Execute First Block Trade of Bakkt Bitcoin Futures

Intercontinental Exchange, the governing body behind the New York Stock Exchange, has executed the first block trade of Bakkt Bitcoin futures contract. Intercontinental Exchange (ICE), the governing body behind the New York Stock Exchange, has executed the first block trade of Bakkt Bitcoin (BTC) futures contracts.ICE revealed the development in an Oct. 4 press release, specifying that the first Bakkt Bitcoin Futures block trade was executed between digital assets merchant bank Galaxy Digital and…

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