We keep reiterating that the cryptocurrency and its derivatives, including cryptocurrency futures, cryptocurrency CFDs, and cryptocurrency options) have always been under the meticulous scanner of the renowned global regulators, such as US SEC, CFTC and UK’s Financial Conduct Authority (FCA).
The Commodity Futures Trading Commission (CFTC) has sought after public comment and feedback recently in order to inform the Commission’s understanding of the technology, mechanics, and markets for virtual currencies beyond Bitcoin, namely Ether and its use on the Ethereum Network.
US CFTC continued to carry its eagle eye: For now, the Commodity Futures Trading Commission (CFTC) has announced in their press release that they have lodged a civil enforcement action in the U.S. District Court for the Southern District of New York against Control-Finance Limited, which is a purported Bitcoin trading and investment company, and its founder Benjamin Reynolds.
As per the announcement, the charges explains that the defendants with exploiting public enthusiasm for Bitcoin by fraudulently obtaining and misappropriating at least 22,858.822 Bitcoin worth at least $147 million at the time from more than thousands together customers.
Per the commodities regulator, the United Kingdom-based company lured the victims to transfer Bitcoins to them “by falsely representing that they employed expert virtual currency traders who earned guaranteed daily trading profits on all Bitcoin deposits.” Source: CFTC
Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at -154 levels (which is highly bearish), USD is at -14 (mildly bearish), while articulating (at 14:03 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex


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