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CryptoForecast(CFT)

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Market Cap (Rank#0)
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? BTC
Vol 24h
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? BTC
Circulating Supply
46,000,000
Max Supply
50,000,000
2 days agocryptopotato
CFTC Lawsuit Against Ooki DAO, $250,000 Settlement with bZx Creates New Precedents
The lawsuit and settlement suggest the use of governance tokens for decision-making in a Defi protocol doesn’t make it immune from enforcement.
3 days agocryptodaily
FTX Building A $1B War Chest, Crypto Daily TV 23/09/2022
In Todays Headline TV CryptoDaily News: FTX builds $1 billion war chest to buy up distressed crypto. CEO and co-founder of major cryptocurrency exchange FTX Sam Bankman-Fried has revealed that the company has built an estimated $1 billion war chest to continue deploying capital in order to bail out distressed crypto firms and buy their assets. Binance CEO Says Bear Market Is 'Healthy' for Crypto Binance CEO Changpeng Zhao has warned that the crypto winter is far from over, but that's not stopping his belief that the bear market is healthy. CEOs of major banks won't financially back crypto mining. The chief executive officers of the biggest banks in the US will not financially back crypto mining activities. CEOs from Bank of America, Wells Fargo & Company and Citigroup were present during a congressional hearing, where Rep. Brad Sherman questioned the three executives if they would finance crypto mining activities. BTC/USD exploded 4.3% in the last session. The Bitcoin-Dollar pair skyrocketed 4.3% in the last session. The ROC is giving a positive signal. Support is at 17185.5117 and resistance is at 20533.5117. The ROC is currently in positive territory. ETH/USD exploded 6.4% in the last session. The Ethereum-Dollar pair exploded 6.4% in the last session. The Williams indicator indicates an oversold market. Support is at 1120.1867 and resistance is at 1452.1667. The Williams indicator points to an oversold market. XRP/USD exploded 23.7% in the last session. The Ripple-Dollar pair skyrocketed 23.7% in the last session. The MACD is giving a positive signal. Support is at 0.3536 and resistance is at 0.4523. The MACD is giving a positive signal. LTC/USD exploded 4.1% in the last session. The Litecoin-Dollar pair gained 4.1% in the last session after rising as much as 5.8% during the session. The RSI's negative signal is in line with the overall technical analysis. Support is at 47.081 and resistance is at 57.521. The RSI is currently in negative territory. Daily Economic Calendar: US Baker Hughes US Oil Rig Count The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, the Dutch Gross Domestic Product at 04:30 GMT, Japan's CFTC JPY NC Net Positions at 19:30 GMT. NL Gross Domestic Product The Gross Domestic Product measures the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health. JP CFTC JPY NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. UK CFTC GBP NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. The UK's CFTC GBP NC Net Positions will be released at 19:30 GMT, Canadas's Retail Sales at 12:30 GMT, Singapore's Consumer Price Index at 05:00 GMT. CA Retail Sales The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. SG Consumer Price Index The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days agocointelegraph
CTFC slammed for 'blatant regulation by enforcement' over Ooki DAO case
The CFTC’s actions have even been met with strong pushback from its own commissioner, while others have drawn comparisons to the SEC’s regulation by enforcement tactics.
3 days agocoindesk
CFTC Penalizes Blockchain Protocol $250K, Files Action Against Successor DAO
The commission said bZeroX offered illegal, off-exchange trading of digital assets, and has also filed a civil action against the Ooki DAO.
3 days agocoindesk
Push to Enhance CFTC’s Crypto Watchdog Role Gets a Boost in US Congress
Congress’ attempt to make the Commodity Futures Trading Commission (CFTC) the primary U.S. cryptocurrency regulator took a procedural step forward on Thursday, with a House lawmaker introducing a bill supporting a parallel effort in the Senate.
4 days agocryptodaily
Bitcoin Rises After Fed Rate Hike, Crypto Daily TV 22/09/2022
In Todays Headline TV CryptoDaily News: Bitcoin Rises After Fed Rate Hike The reaction from crypto investors was largely muted as bitcoin and ethereum also dipped slightly before reversing course after Fed Chairman Jerome Powell spoke about the latest rate hike. Crypto exchange CoinFlex floats plan for creditors to own 65%. Cryptocurrency exchange CoinFlex has detailed a restructuring plan in which creditors will own 65% of the company, with a vote on the proposal coming over the next week. BTC/USD exploded 1.6% in the last session. The Bitcoin-Dollar pair rose 1.6% in the last session after gaining as much as 2.1% during the session. According to the CCI, we are in an oversold market. Support is at 17185.5117 and resistance is at 20533.5117. The CCI is signaling an oversold market. ETH/USD exploded 1.7% in the last session. The Ethereum-Dollar pair skyrocketed 1.7% in the last session. According to the Stochastic indicator, we are in an oversold market. Support is at 1120.1867 and resistance is at 1452.1667. The Stochastic indicator points to an oversold market. XRP/USD exploded 6.4% in the last session. The Ripple-Dollar pair skyrocketed 6.4% in the last session. According to the Stochastic-RSI, we are in an overbought market. Support is at 0.3536 and resistance is at 0.4523. The Stochastic-RSI points to an overbought market. LTC/USD skyrocketed 2.3% in the last session. The Litecoin-Dollar pair exploded 2.3% in the last session. The Stochastic-RSI indicates an oversold market. Support is at 47.081 and resistance is at 57.521. The Stochastic-RSI is signalling an oversold market. Daily Economic Calendar: US Baker Hughes US Oil Rig Count The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, the Dutch Gross Domestic Product at 04:30 GMT, Japan's CFTC JPY NC Net Positions at 19:30 GMT. NL Gross Domestic Product The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health. JP CFTC JPY NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. UK CFTC GBP NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. The UK's CFTC GBP NC Net Positions will be released at 19:30 GMT, Canadas's Retail Sales at 12:30 GMT, and Singapore's Consumer Price Index at 05:00 GMT. CA Retail Sales Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. SG Consumer Price Index The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days agozycrypto
CFTC Commissioner Meets With Ripple CEO, Raising Bullish Hopes Of XRP Being Declared A Commodity
The meeting cheered XRP fans and raised questions about the prospect of the token being treated as a commodity and falling under the supervision of the CFTC.
6 days agocointelegraph
CFTC commissioner visits Ripple offices as decision in SEC case looms
The outcome of the SEC v. Ripple lawsuit could influence whether the CFTC or SEC will play a greater role in handling the XRP token as a commodity or security.
6 days agocointelegraph
US Treasury plans to ask public if crypto-related regulations are 'no longer fit for purpose'
The public has until Nov. 3 to submit comments on Treasury addressing ransomware attacks, illicit finance risks of cryptocurrency mixers and DeFi, and coordinating AML/CFT policy.
9 days agozycrypto
SEC Chair Gensler Says He Supports CFTC Having Oversight Over BTC, Ether
The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler says he supports the proposal to give oversight of Bitcoin (BTC) and Ethereum (ETH) to fellow watchdog, the Commodity Futures Trading Commission (CFTC). This statement comes at a time when both financial regulators are fighting for supremacy over cryptocurrency surveillance.
9 days agocryptodaily
White House releases first-ever digital-asset framework
Following President Biden’s executive order, a 6-month investigation into digital-assets has culminated in the first-ever comprehensive framework to help govern digital-assets such as CBDCs and cryptocurrencies. According to a White House Fact Sheet released today, the digital-assets market has grown “significantly” in recent years. 16% of Americans have bought cryptocurrencies, and millions of investors across the world are now using them. Biden’s executive order of March this year instructed various government agencies to research into digital-assets and to construct reports on frameworks and policy recommendations. Nine reports were submitted and they were said in the White House Fact Sheet to “articulate a clear framework for responsible digital asset development and pave the way for further action at home and abroad.” While recognising that central bank digital currencies (CBDCs) did have associated risks, the reports “encouraged” the Federal Reserve to continue its ongoing research in this field. On the other hand, the reports recommended that the SEC and the CFTC: “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.” On the topic of protecting consumers, investors and businesses, it was reported that “non-compliance with applicable laws and regulations remains widespread,” and that “Outright fraud, scams, and theft in digital asset markets are on the rise”. On financial stability concerns, the Fact Sheet referred to the TerraUSD stablecoin crash in May this year, and how ensuing insolvencies had resulted in the loss of around $6 billion in wealth. In order to counter this, it was stated in the Fact Sheet that: “The Treasury will work with financial institutions to bolster their capacity to identify and mitigate cyber vulnerabilities by sharing information and promoting a wide range of data sets and analytical tools.” It also stated that it would collaborate with U.S. ally organisations such as the Organisation for Economic Cooperation and Development (OECD), and the Financial Stability Board (FSB) in order to identify, track and analyse the possible risks that digital-asset markets could produce. Illicit finance in the digital-assets sector was highlighted as a problem and the Treasury has been tasked with compiling a finance risk assessment on DeFi, to be completed by February 2023. Finally, a U.S. central bank digital currency (CBDC) was said to have the potential to bring a number of significant benefits. These included greater efficiencies, speed, financial inclusion, stability, and the safeguarding of private and sensitive data. The only disadvantage of a CBDC mentioned, was that there might be “runs to CBDC in times of stress”. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
10 days agocryptodaily
Ethereum Merge Is Done, Crypto Daily TV 16/09/2022
In Todays Headline TV CryptoDaily News: The Ethereum merge is done The massive overhaul of Ethereum known as the Merge has finally happened, moving the digital machinery at the core of the second-largest cryptocurrency to a vastly more energy-efficient system after years of development and delay. Treasury Sanctions Pro-Russia Groups Raising Funds With Crypto In response to the ongoing Russian invasion of Ukraine, the U.S. Treasury Department today announced the addition of 22 individuals and two entities tied to the Russian government to the Office of Foreign Assets Control (OFAC) sanctions list. Cryptocurrency lobby group seeks to weigh in on SEC vs Ripple’s XRP lawsuit Cryptocurrency advocacy group Chamber of Digital Commerce has sought to be an amicus curiae ( friend of court) in the lawsuit between the Securities and Exchange Commission and Ripple Labs. BTC/USD plummeted 1.8% in the last session. The Bitcoin-Dollar pair plummeted 1.8% in the last session. The Stochastic indicator gives a positive signal against our overall technical analysis. Support is at 192591 and resistance is at 209971. The Stochastic indicator is currently in the positive zone. ETH/USD plummeted 7.9% in the last session. The Ethereum-Dollar pair plummeted 7.9% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 1524.4967 and resistance is at 1702.7567. The Ultimate Oscillator is giving a negative signal. XRP/USD plummeted 3.3% in the last session. The Ripple-Dollar pair plummeted 3.3% in the last session. The ROC's negative signal is in line with the overall technical analysis. Support is at 0.326 and resistance is at 0.3519. The ROC is currently in the negative zone. LTC/USD plummeted 5.2% in the last session. The Litecoin-Dollar pair dove 5.2% in the last session. The RSI's negative signal is in line with the overall technical analysis. Support is at 57.061 and resistance is at 62.661. The RSI is currently in negative territory. Daily Economic Calendar: UK Retail Sales The Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. The UK's Retail Sales will be released at 06:00 GMT, the Austrian HICP at 07:00 GMT, and the US Michigan Consumer Sentiment Index at 14:00 GMT. AT HICP The HICP measures price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI). US Michigan Consumer Sentiment Index The Michigan Consumer Sentiment Index is a survey of consumer confidence in economic activity, making it an indicator of consumer spending. US Baker Hughes US Oil Rig Count The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, Japan's CFTC JPY NC Net Positions at 19:30 GMT, Italy's Trade Balance EU at 08:00 GMT. JP CFTC JPY NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. IT Trade Balance EU The Trade Balance measures the net of total exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
10 days agocryptodaily
Ethereum Attracts SEC Scrutiny After Successful Merge
Ethereum’s shift to Proof-of-Stake, while highly celebrated, has also attracted closer scrutiny from the Securities and Exchange Commission (SEC), with SEC Chair Gary Gensler hinting at a closer look at Ethereum from regulatory authorities. Gensler stated that exchanges offering staking services to users look “very similar” to lending services. An Increase In Regulatory Scrutiny Ethereum’s Merge was the talk of the town, as the protocol successfully transitioned from Proof-of-Work to Proof-of-Stake. However, this shift could bring about additional regulatory scrutiny, as the Securities and Exchange Commission Chair, Gary Gensler, hinted on Thursday. Gensler told reporters after a Senate hearing that the SEC could take a closer look at Ethereum and regulate it as a security. Speaking to reporters, the SEC also mentioned the Howey test, used by regulators to determine if a particular asset is a security. Gensler stated, “From the coin’s perspective…that’s another indicia that under the Howey test, the investing public is anticipating profits based on the efforts of others.” Gensler did, however, mention that he was not referring to any particular cryptocurrency. He maintained that Proof-of-Stake blockchains that generate new coins for users take on investment contract-like attributes, a move that could bring them under the SEC’s purview. Strict Rules For Securities Securities are assets that include stocks and bonds. Any securities issuer must file extensive disclosures with the SEC, mandated by laws in place since the 1930s. Brokers and exchanges facilitating the trading of securities are required to comply with stringent rules to protect investors from any conflict of interest. Cryptocurrency issuers stand to face stringent penalties if they are selling any asset deemed to be a security by the SEC. Staking is utilized by cryptocurrencies to verify transactions on their networks and is used by some of the most prominent players in the market, such as Solana, Cardano, and now, Ethereum. Investors can lock up their assets for a fixed period of time and earn returns. According to the SEC chair, if an intermediary such as a crypto exchange offers staking services to its users, these services are quite similar to lending. Over the past year, the SEC has repeatedly signaled that firms offering crypto-lending products are required to register with the agency. Back in February, the SEC forced BlockFi to pay a fine of $100 million for failing to register with the agency. Jostling For Jurisdiction Meanwhile, federal agencies, and the congressional committees they answer to, are competing with one another for jurisdiction over the crypto space. The Senate Agriculture Committee, the body overseeing the Commodity Futures Trading Commission (CFTC), held a hearing on Thursday to discuss and vet a crypto bill. Meanwhile, the Senate Banking Committee, overseeing the SEC, also held a hearing so members could question the SEC Chair. CFTC’s Crypto Bill The crypto bill proposed by the leaders of the agriculture group proposes designating Bitcoin and Ethereum as digital commodities instead of securities. Digital commodities do not fall under the purview of federal regulators under current law. Essentially, this bill would grant the CFTC the authority to regulate digital commodities. Crypto exchanges would be required to register with the CFTC, monitor trading activities, protect investors, and only offer assets resistant to manipulation. Additionally, the exchanges would also be required to disclose some information about the assets they list. However, consumer protection advocates have expressed their discomfort with the CFTC, stating that the body lacks the resources and experience to protect small investors in a market described by the SEC Chair as the Wild West. CFTC has a fraction of the staff when compared to the SEC, with the markets it watches over dominated primarily by banks, hedge funds, and other large companies. Crypto Industry Prefers CFTC Over SEC On its part, the crypto industry has stated that it would prefer to be regulated by the CFTC and not the SEC. According to crypto lobbyists, the SEC has a rigorous disclosure regime which they believe is impractical and expensive. Crypto firms and lobbyists have already spent millions lobbying Congress to align with their interests. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
10 days agocointelegraph
Merge is 'a step in the right direction' to address crypto's energy usage — Rostin Behnam
The CFTC chair said that the Ethereum blockchain’s transition to proof-of-stake, despite reducing energy usage by more than 99%, may not go far enough in resolving the problem.
10 days agocoindesk
CFTC Already Preparing to Be Crypto Watchdog, Benham Tells US Senators
Agency is “right regulator” to oversee digital assets trading, CFTC chairman testifies at a hearing of the Senate Agriculture Committee.
10 days agocoindesk
Election Betting Site PredictIt Sues to Block CFTC-Ordered Shutdown
The CFTC’s August action calls for the site to be closed for U.S. users by February 15.
16 days agocryptodaily
FTX And GameStop Team Up, Crypto Daily TV 09/09/2022
In Todays Headline TV CryptoDaily News: FTX And GameStop partnership to focus on crypto adoption. FTX US, the U.S. arm of the popular crypto exchange FTX, has entered into a partnership with the American video game, consumer electronics and gaming merchandise retailer GameStop. The deal brings the popular meme stock from 2021 closer to FTX US as they both aim to bridge the gap between the gaming and crypto industries. Malicious Actors Use Fake Apple Event To Scam Thousands Malicious actors have lured thousands of users to a crypto scam using a fake Apple event on YouTube. The fake event featured an old interview with the tech giant's CEO, Tim Cook, and premiered just in time for the company's highly anticipated "Far Out" online streaming media event that took place Wednesday. Crypto oversight should resemble traditional bank rules, Fed official says. Fed Vice Chair for Supervision Michael Barr said crypto activity needs similar oversight to traditional bank activities, in his first speech since taking office. The Bitcoin-Dollar pair gained a moderate 0.1% in the last session. The Bitcoin-Dollar pair made a minor upwards correction in the last session, rising 0.1%. The ROC is giving a negative signal. Support is at 18203.1687 and resistance at 19995.1687. The ROC gives a negative signal. ETH/USD rose 0.5% in the last session. The Ethereum-Dollar pair gained 0.5% in the last session after rising as much as 1.8% during the session. The Stochastic indicator is giving a positive signal. Support is at 1429.591 and resistance at 1757.151. The Stochastic indicator is currently in positive territory. XRP/USD gained 0.6% in the last session. The Ripple rose 0.6% against the Dollar in the last trading session. The MACD is giving a positive signal. Support is at 0.3036 and resistance at 0.3553. The MACD is giving a positive signal. LTC/USD skyrocketed 1.4% in the last session. The Litecoin-Dollar pair skyrocketed 1.4% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 50.9067 and resistance at 61.4867. The Ultimate Oscillator is currently in the negative zone. Daily Economic Calendar: US Baker Hughes US Oil Rig Count The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, the Eurozone's Eurogroup Meeting at 00:00 GMT, the Eurozone's EcoFin Meeting at 07:00 GMT. EMU Eurogroup Meeting Eurogroup meetings are attended by the Eurogroup President, the Finance Minister of each Member State of the Euro area, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. EMU EcoFin Meeting The Economic and Financial Affairs Council, the main decision-making body of the Council of the European Union, is composed by the Finance Ministers of the 27 European Union member states. JP CFTC JPY NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Japan's CFTC JPY NC Net Positions will be released at 19:30 GMT, the UK's Consumer Inflation Expectations at 08:30 GMT, the UK's CFTC GBP NC Net Positions at 19:30 GMT. UK Consumer Inflation Expectations The Consumer Inflation Expectation presents the consumer expectations of future inflation for the next 12 months, which may influence rate decisions. UK CFTC GBP NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
17 days agocryptodaily
Gensler Gives Go-Ahead For CFTC Having Bitcoin Oversight
Securities and Exchange Commission Chair Gary Gensler has thrown his support behind allowing the Commodity Futures Trading Commission (CFTC) to oversee crypto assets deemed commodities. This means that the CFTC would have oversight over crypto assets such as Bitcoin. Gensler has previously stated that Bitcoin is a commodity but has remained tight-lipped about the status of Ether. A Surprising Move Gensler’s move to allow the CFTC to have oversight over Bitcoin is being seen as a surprising move by those in the industry. However, while speaking at the SEC Speaks event on Thursday, Gensler shed some light on the rationale, stressing that regulatory bodies must collaborate and establish clear regulatory practices around cryptocurrencies to protect investors better. Gensler stated, “To the extent, the Commodity Futures Trading Commission (CFTC) needs greater authorities with which to oversee and regulate crypto non-security tokens and related intermediaries, I look forward to working with Congress to achieve that goal consistent with maintaining the regulation of crypto security tokens and related intermediaries at the SEC.” The news comes after senators introduced a bipartisan effort from a group of legislators, who introduced legislation that would give the CFTC oversight of Bitcoin and Ether. Senators classify both commodities as commodities. The bill was authored by Senators Debbie Stabenow, D-Mich, and John Boozman, R-Ark, and was introduced in early August. Gensler’s are surprising given they come at a time when federal agencies and congressional committees are vying over who will regulate crypto. Gensler’s Views On Ether Former Director of the SEC’s Division of Corporation Finance, William Hinman, had in 2018 called Ether a commodity. However, SEC chair Gensler has been much less forthcoming about his views on Ether. He has gone on record stating that the only asset he would be willing to classify as a commodity is Bitcoin. Many believe that Gensler is looking to find ways to bring Ethereum under the ambit of the SEC. After the news broke, crypto lawyer Jake Chervinsky reported that Gensler still had Ethereum in his crosshairs. “This isn’t what the article says. It claims Chair Gensler supports CFTC regulation of cryptocurrencies “such as bitcoin” & quotes him referring to “crypto non-security tokens.” There’s no mention of ETH except in reference to the DCCPA, a bill that he hasn’t expressly supported. For context, there have been rumors for a while that Chair Gensler’s SEC would love to walk away from its June 2018 guidance saying ETH isn’t a security, but they haven’t found a credible way to do that yet.” There has also been a significant push from the crypto industry and Washington to delegate oversight of the crypto industry to the CFTC. Not The First Time SEC And CFTC Have Cooperated The SEC Chair’s support for CFTC being involved in crypto regulation is not the first time the agencies have seen eye to eye. Back in August, the SEC proposed an amendment to Form PF. The Form PF is the confidential form through which registered investment advisors are required to disclose the necessary information about their security holdings. The CFTC, on its part, is considering proposing the same set of amendments, requiring funds with $500 million in assets under management to disclose their exposure to crypto assets. Large funds would also be required to report investment concentrations, leverage, and related trading finances. SEC Shouldn’t Be Overlooked While Gensler was welcoming of Congress potentially giving the CFTC prime oversight over crypto, he stressed that the SEC should not be overlooked, stating, “Let’s ensure that we don’t inadvertently undermine securities laws underlying $100 trillion capital markets. The securities laws have made our capital markets the envy of the world.” Following the news, the bitcoin price jumped by 1.6%, recovering from Wednesday’s slump. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
17 days agocointelegraph
Sen. Lummis: My legislation would empower the SEC to protect consumers
Lummis-Gillibrand would allow the SEC to figure out which cryptocurrencies fall under its regulatory purview, leaving the rest to the CFTC.
21 day agocryptodaily
There is too much wealth and power behind crypto to ban it
Republican congressman Brad Sherman chairs a House subcommittee on investor protection, and he is an avid opponent of crypto. He would like to outlaw crypto but realises that there is just too much money and power behind it. There is much polemic debate on Capitol Hill on the merits or otherwise of cryptocurrencies. Some congressmen are fully behind crypto on its potential promise for fair and accountable transactions among many other advantages. On the other hand, there are those like Brad Sherman who are worried about fraud for investors, and that crypto could grow enough to become a systemic threat for the US dollar and the monetary system behind it. Sherman was featured in an article for the Los Angeles Times on Sunday, where he acknowledged that crypto would probably not be banned any time soon: “I don’t think we’re going to get [to a ban] anytime soon. Money for lobbying and money for campaign contributions works, or people wouldn’t do it; and that’s why we haven’t banned crypto. We didn’t ban it at the beginning because we didn’t realise it was important, and we didn’t ban it now because there’s too much money and power behind it.” Sherman believes that crypto could “undermine the dominance of the U.S. dollar” and can aid “human rights abusers” and other “criminals”, although the LA Times does rightly point out that crypto technology can work the other way by helping “persecuted people get their money out of authoritarian countries.” The congressman believes that the Securities and Exchange Commission (SEC) should be doing all the crypto regulation because of its “aggressive enforcement actions”. However, the Stabenow/Boozman bill which was introduced last month would have most cryptocurrencies regulated under the CFTC as commodities. Sherman is concerned for investors that put their money into “meme coins”, but admits that it will be hard to stop people from spending their money how they want. “It is hard to be running the subcommittee dedicated to investor protection in a country in which people want to wager on [meme coins]. Cryptocurrency is a meme you invest in, in the hopes that you can sell it to somebody else before it tanks. That’s the nice thing about a Ponzi scheme.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
24 days agocryptodaily
Japan To Cut Corporate Crypto Tax, Crypto Daily TV 02/09/2022
In Todays Headline TV CryptoDaily News: Binance looks to ramp up market share with free trading. Crypto exchange Binance is ramping up efforts to grab market share by expanding its free trading to include popular token ether, ahead of one of the most anticipated events in the crypto market’s short history. Cryptocurrencies Price Prediction: Shiba Inu Shiba Inu price shows interesting on-chain metrics, which hint that the market bottom is not yet secure. Shiba Inu price currently auctions at $0.00001204 as the bears have rejected the notorious meme coin from the 8-day simple moving average. Japan bringing in corporate crypto tax cuts to boost the economy. Japan's financial regulator, the Financial Services Agency, has decided to lower the taxes on crypto assets and individual stock investors in an attempt to boost the economy. Companies holding cryptocurrencies or responsible for creating and distributing them might be exempted from paying taxes for paper gains on coins. BTC/USD saw a minor rise of 0.1% in the last session. The Bitcoin-Dollar pair saw a minor rise of 0.1% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 19446.6667 and resistance at 20788.6667. The Ultimate Oscillator is currently in positive territory. ETH/USD skyrocketed 1.7% in the last session. The Ethereum-Dollar pair skyrocketed 1.7% in the last session. The CCI is giving a positive signal. Support is at 1473.821 and resistance at 1657.661. The CCI is giving a positive signal. XRP/USD skyrocketed 1.5% in the last session. The Ripple-Dollar pair exploded 1.5% in the last session. The CCI is giving a positive signal. Support is at 0.3176 and resistance is at 0.339. The CCI is giving a positive signal. LTC/USD exploded 6.6% in the last session. The Litecoin-Dollar pair exploded 6.6% in the last session. The CCI is giving a positive signal. Support is at 51.8167 and resistance at 56.2367. The CCI is currently in the positive zone. Daily Economic Calendar: US Nonfarm Payrolls The Nonfarm Payrolls presents the number of new jobs created during the previous month, excluding the agricultural sector. The US Nonfarm Payrolls will be released at 12:30 GMT, the US Average Hourly Earnings at 12:30 GMT, and Germany's Trade Balance at 06:00 GMT. US Average Hourly Earnings The Average Hourly Earnings are a significant indicator of labor cost inflation and of the tightness of labor markets. DE Trade Balance The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. DE Exports The Exports measure the local economy's total exports of goods and services. Steady demand for exports helps to support growth in the trade surplus. Germany's Exports will be released at 06:00 GMT, Japan's CFTC JPY NC Net Positions at 19:30 GMT, and the UK's CFTC GBP NC Net Positions at 19:30 GMT. JP CFTC JPY NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. UK CFTC GBP NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
24 days agocointelegraph
CFTC and SEC open comments for proposal to amend crypto reporting rules for large hedge funds
The public was invited to comment on whether the regulators should use the term “crypto asset” instead of “digital asset" in proposed changes to Form PF.
24 days agocointelegraph
Former CFTC commissioner Jill Sommers joins FTX US Derivatives board
The addition of Jill Sommers followed former CFTC commissioner Mark Wetjen becoming FTX US' head of policy and regulatory strategy in November 2021.
24 days agocoindesk
FTX.US Derivatives Deepens Board With Addition of Ex-CFTC Commissioner
The hire comes as FTX has previously pitched the CFTC to directly clear customers' crypto swaps.

About CryptoForecast

The live price of CryptoForecast (CFT) today is ? USD, and with the current circulating supply of CryptoForecast at 46,000,000 CFT, its market capitalization stands at ? USD. In the last 24 hours CFT price has moved -0.000317 USD or -0.00% while 340,210 USD worth of CFT has been traded on various exchanges. The current valuation of CFT puts it at #0 in cryptocurrency rankings based on market capitalization.

Learn more about the CryptoForecast blockchain network and how it works or follow the price of its native cryptocurrency CFT and the broader market with our unique COIN360 cryptocurrency heatmap.

CryptoForecast Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply46,000,000 CFT
Max Supply50,000,000 CFT
Yesterday's Market Cap5,509,900 USD
Yesterday's Open / Close0.120098 USD / 0.119781 USD
Yesterday's High / Low0.120098 USD / 0.11932 USD
Yesterday's Change
0.00% ( 0.000317 USD )
Yesterday's Volume340,210 USD
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