Recap | What the CFTC investigating BitMEX could mean for bitcoin and crypto market | Congressman Brad Sherman calls for a complete ban on cryptocurrency
BTC: 📉 $10549 (-1.17%) / ETH: 📉 $222 (-1.45%) / XRP: 📉 $0.31 (-0.53%)
|CryptoSlate||Jul 20, 2019|| 3|
Congressman Brad Sherman calls for a complete ban on cryptocurrency, says Bitcoin only facilitates “nefarious transactions”
Congressman Brad Sherman, a vocal critic of the crypto industry, again called for a complete ban on cryptocurrencies.
The Commodities and Futures Trading Commission (CFTC) has started an investigation into BitMEX, the largest margin trading platform in the crypto market, according to a Bloomberg report.
The total amount of Wrapped Bitcoin (WBTC) locked in the Kyber Network had almost tripled in a single day, DeFi Pulse reported.
The latest results released by the Futures Industry Association (FIA) show some extremely encouraging signs. Not only is the traditional futures industry growing exponentially, but 2018 saw a record number of contracts changing hands globally.
A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property.” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes.
In a historic moment in Congress, pro-cryptocurrency representatives warned the House of Representatives of the “unstoppable” power of Bitcoin, calling for the United States to clarify regulations and seize the lead in blockchain innovation.
Following a heated debate at the Asia Blockchain Summit, Dr. Nouriel Roubini ramped up his campaign against BitMEX and its CEO, Arthur Hayes.
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