Cointime

Cointime

Download App
iOS & Android
Home / Projects

U.S. CFTC accuses Mosaic of implementing “fraudulent digital asset commodity scheme”

The U.S. Commodity Futures Trading Commission (CFTC) has accused cryptocurrency exchange Mosaic Exchange of implementing a "fraudulent digital asset commodity scheme," including falsely reporting the amount of assets it owns and its profit record. CFTC stated that Mosaic founder Sean Michael falsely claimed that Mosaic is a cryptocurrency trading platform that manages tens of millions of dollars in assets and also provides an algorithm with a profit rate of up to 60% per month. The platform and Michael also claimed that they have "collaborative relationships" with BitMEX and Binance, which are all false statements.

CEXs
Comments

All Comments

Recommended for you

  • Cointime精选 ·

    Bitcoin is getting stronger (within crypto)

    From the bear market until now Bitcoin has seen its dominance go from 38% all the way to now 53% pretty much in a straight line.
    Bitcoin is getting stronger (within crypto)
  • Cointime精选 ·

    Enter The Sanctum

    Everybody gets a stake.
    Enter The Sanctum

  • Optimism 2024 Q1 Report: The implementation of EIP-4844 reduces L1 submission costs by 99%

    Optimism has released its Q1 2024 report, which shows that the number of daily active addresses has reached 89,000 (a 23% increase compared to the previous period), and the daily transaction volume has increased to 470,000 (a 39% increase compared to the previous period). These indicators are slightly lower than the historical high point in Q3 2023.

  • LocalMonero to Shut Down in Six Months Amid Regulatory Pressure and Internal Factors

    LocalMonero, a peer-to-peer exchange for trading privacy coin Monero (XMR), has disabled all trades and will be taken down in six months, according to parent company AgoraDesk. The company cited a combination of internal and external factors for the decision, but did not provide specifics. The move follows a trend of P2P crypto trading platforms shutting down due to regulatory challenges, including LocalBitcoins and Paxful. LocalMonero's closure also comes amid pressure from regulatory authorities on privacy coins, with exchanges including Binance and Coinbase delisting tokens like Monero and Zcash.
  • Cointime精选 ·

    Lightning In A High Fee Environment: Implications for Bitcoin’s Scalability

    The topic of scaling Bitcoin dates back to its very first mailing post. In response to Satoshi’s original message, James McDonald said, “We very, very much need such a system, but the way I understand your proposal, it does not seem to scale to the required size” — a remark that probably wasn’t the welcome Satoshi had anticipated. Nonetheless, this marked the beginning of a seemingly never ending, complex debate.
    Lightning In A High Fee Environment: Implications for Bitcoin’s Scalability

  • Morgan Stanley disclosed that it invested nearly $270 million in Grayscale GBTC, becoming one of the largest holders

    On May 16th, Morgan Stanley disclosed in its Q1 13F filing with the SEC that it had invested $269.9 million in the Grayscale Bitcoin Trust (GBTC) to gain exposure to physical bitcoin ETFs. According to Fintel's data, this investment made it one of the largest holders of GBTC, after Susquehanna International Group (which invested $1 billion). Morgan Stanley is also one of many global systemically important banks (G-SIBs) that have disclosed investments in physical bitcoin ETFs, including Royal Bank of Canada, JPMorgan Chase, Wells Fargo, BNP Paribas, and UBS Group.

  • Coinbase Plans to Target Australia's Self-Managed Pensions Sector with New Service

    Coinbase is developing a service that will target Australia's self-managed pensions sector, according to the exchange's Asia-Pacific Managing Director John O'Loghlen. The move comes as self-managed funds in Australia have increasingly held crypto, with nearly A$1 billion ($664 million) allocated to crypto as of the latest data from the Australian Taxation Office. O'Loghlen stated that Coinbase's offering will aim to service these clients on a one-off basis and retain their business. The interest in crypto within the self-managed pensions sector may be driven by the recent momentum gained after spot-ETF approvals in the U.S. and the possibility of similar approvals in Australia this year.

  • Huobi HK’s application for a Hong Kong virtual asset trading platform license was withdrawn on May 14

    On May 15th, according to updated data on the official website of the Hong Kong Securities and Futures Commission, Huobi HK's application for a virtual asset trading platform license submitted to the Hong Kong Securities and Futures Commission was withdrawn on May 14th.

  • Wisconsin Pension System Holds $164 Million in Spot Bitcoin ETF Assets

    A government entity responsible for managing trust funds in Wisconsin, USA, disclosed in a filing with the Securities and Exchange Commission (SEC) that it holds over 2.4 million shares of BlackRock's iShares iBoxx $ Investment Grade Corporate Bond ETF (IBIT) and over 1 million shares of Grayscale's Bitcoin Investment Trust (GBTC), valued at approximately $100 million and $64 million, respectively. The filing suggests that the Wisconsin Retirement System may be investing in cryptocurrencies through these asset management companies.

  • LayerZero CEO: Up to 100,000 addresses have been recognized as witches

    LayerZero CEO Bryan Pellegrino stated on social media that up to 100,000 addresses have been identified as witches. Previously reported on May 4th, LayerZero officials stated that all witch users were given a chance to self-report within the next 14 days and those who did would receive an expected distribution of 15%.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company