My Big Coin Suspected by CFTC in Fraud

According to the CFTC, My Big Coin illegally seized more than $ 6 million in the period from 2014 to 2018
25 January 2018   601

The Commodity Futures Exchange Commission filed lawsuits against two people and one company in connection with their participation in fraudulent crypto projects. This is reported by CoinDesk.

The Commission accused Randall Creter, Mark Gillespie and My Big Coin Pay, Inc. in the receipt of funds from customers and their subsequent transfer to their personal accounts. The defendants are said to have spent these funds "on personal expenses and the purchase of luxury goods."

According to the CFTC, the defendants illegally seized more than $ 6 million in the period from 2014 to 2018. Respondents are also accused of falsifying information about the project, including statements that the company was provided with a gold reserve, and its partner was MasterCard.

The My Big Coin website offers many crypto-currency services, including the ability to purchase, sell and mine the My Big Coin cryptocurrency. The site's blog has not been updated since June 2017.

As this case shows, the CFTC is actively policing the virtual currency markets and will vigorously enforce the anti-fraud provisions of the Commodity Exchange Act. In addition to harming customers, fraud in connection with virtual currencies inhibits potentially market-enhancing developments in this area.
 

James McDonald 

Enforcement director, CFTC

The lawsuit was filed January 16, along with two other lawsuits against cryptocurrency crooks.

Caspian to Launch Crypto Derivatives Trading

Caspian does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x
21 March 2019   81

Caspian, an asset-oriented asset management platform, has launched cryptocurrency derivatives trading.

Thanks to integration with Deribit, Caspian customers gained access to trading in futures and options for Bitcoin and Ethereum. Also, the platform will provide the opportunity to trade indefinite bitcoin-swap.

According to Caspian, the platform does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x.

We are excited to be working with Deribit to make the trading of crypto options and futures possible within the institutional community. Our goal at Caspian is to provide crypto traders and investors the same standard of tools and service that exist in the traditional markets and its great knowing that the team at Deribit is working towards the same high standards.
 

Robert Dykes

CEO, Caspian

Caspian noted that their platform connects to Deribit via an API that supports “large trading volumes with extremely low latency”. The platform also has full access to the book of orders of the crypto-derivative stock exchange.