On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The listed crypto options providers named by the CFTC include relatively unknown names such as Bitfxprofit, Star FX Pro, Smarter Signals and BinanceFx Trade.
The Commodity Futures Trading Commission (CFTC) has charged 12 New York-based crypto options businesses with allegedly failing to register with the regulatory body.
In a Sept. 29 press release, the CFTC outlined that it is charging 14 entities in total, with the 12 crypto-focused firms all on the hook for failing to register as futures commission merchants (FCMs). All of the firms were "allegedly based in New York." The other two companies have allegedly posted misleading information about their National Futures Association (NFA) membership and registration with the CFTC.
The listed crypto options providers include relatively unknown names such as Bitfxprofit, Star FX Pro, Smarter Signals and BinanceFx Trade — the latter of which is unaffiliated to the major global exchange Binance despite its name.
“Today’s actions reflect the CFTC’s dedicated efforts to aggressively root out bad actors falsely claiming to hold legitimate registrations and protect the trading public,” said Division of Enforcement Acting Director Vincent McGonagle.
Firms offering exposure to commodities via futures are required to register as an FCM with the CFTC. The commission regulates the scope of derivatives markets which includes futures contracts, options and swaps, but does not oversee the spot markets for ordinary traders.
The derivatives market regulator has had a busy week after it slammed the enforcement hammer down on Kraken on Tuesday, ordering it to pay $1.25 million worth of civil penalties over allegations of Commodity Exchange Act. violations.
On Sept. 28 Cointelegraph reported that CFTC commissioner Dan Berkovitz will be joining the Securities and Exchange Commission (SEC) as general counsel following his departure in October. Berkovitz will reportedly work with SEC chair Gary Gensler on a “regulatory agenda that will enhance investor protection.”
Related: CFTC commissioner: Agency doesn’t have enforcement resources without Congress
Last month, crypto derivatives exchange BitMEX agreed to pay a civil penalty of $100 million to the CFTC and FinCEN for “for illegally operating a cryptocurrency trading platform and anti-money laundering violations.”
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