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CFTC Facing problems in Serving Bitcoin Summons
Bitcoin
CFTC Facing problems in Serving Bitcoin Summons
 The United States has an independent body called the Commodity Futures Trading Commission (CFTC) which regulates the futures and options market. It specifically takes note of the Commodities Exchange Act which prevents fraudulent conduct in trading of futures contracts. CFTC has been ensuring an open, transparent and competitive financial market so that risks are mitigated and fraud is not practiced. The CFTC is now covering the Cryptocurrency space, however, there…
Bitcoin
Brother to Pablo Escobar Creates His Own Cryptocurrency and Claims Bitcoin is a Scam Created by U.S.A
In the space of cryptocurrencies, it seems that everything is possible. Roberto de Jesús Escobar Gaviria, biological brother to the notorious drug lord Pablo Escobar has released his own cryptocurrency, called dietbitcoin (DDX) Escobar Inc, the legacy of Pablo Escobar  protected by his brother Roberto Escobar, confirms the creation of the dietbitcoin to nextweb. “We at Escobar Inc are committed to support the cryptocurrency dietbitcoin fully and are managing the…
Bitcoin Is a “Transferable Value“, Rules Dutch Court
Bitcoin
Bitcoin Is a “Transferable Value“, Rules Dutch Court
A Dutch court has ruled in favor of a claimant who was owed 0.591 BTC by a private company. The claim was filled by Mr. J.W. de Vries against Koinz Trading BV, a non-public company. After failing to comply with a court order, the company was declared bankrupt by the district court of Amsterdam. Significantly, this case is particularly relevant to cryptocurrencies and their owners, as the court judgment classified…
Bitcoin
Bitcoin Will Become World’s Single Currency in a Decade, According To Twitter CEO
Twitter CEO Jack Dorsey, who also happens to be the chief executive of the crypto-friendly payment service Square, appears to be a strong believer in the future potential of bitcoin. In a recent interview with The Times, Dorsey, himself a bitcoin investor, made a rather optimistic prediction that BTC will replace the USD as a dominant global currency for payments in the next 10 years. Suggesting that the overhaul could…