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Uniswap [UNI], one of the most popular decentralized finance (DeFi) platforms, has recently broken out of its bearish pattern, offering hope to investors. After testing key support levels between $5.5 and $5.7, the altcoin displayed signs of a potential recovery, with buyers showing renewed interest.
This week's Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX's repayment plan.
This past week saw diverging fortunes in the crypto markets. Amidst regulatory challenges, Uniswap (UNI) shows resilience with a 7.51% surge, outshining Ethereum's (ETH) slide. Meanwhile, DTX Exchange (DTX) is rallying after launching its VulcanX feature, attracting traders with gas-free transactions. Uniswap (UNI) Price Surges 7.
The crypto market witnessed a slight downtick during the U.S. market trading session as Bitcoin plunged $56500. The renewed selling triggered a slight pullback in most of the major altcoins, including Uniswap.
The decentralized exchange has recently faced scrutiny from the Commodity Futures Trading Commission.
The US government's regulation of DeFi is reaching a critical point, with Uniswap as its next major battleground.
Uniswap has also been required to halt the illegal offerings and will ensure compliance with the Commodity Exchange Act moving forward.
As part of the settlement, Uniswap Labs agreed to pay a $175,000 civil penalty. The company also agreed to cease its violations of the Commodity Exchange Act (CEA).
Uniswap Labs settles CFTC charges for $175,000 over leveraged trading products, amid dissenting opinions from commissioners and broader regulatory scrutiny of DeFi platforms.
Uniswap (UNI) bulls eye a breakout above the 20-day EMA to spark a potential recovery towards the $6.74 level.
The company has agreed to pay and to remove the leveraged pairs from the eponymous DEX.
Uniswap is struggling to emerge from the scrutiny of US regulators. It looks like the New York State Attorney General Letitia James is following the footsteps of the SEC chairperson Gary Gensler, when it comes to crypto. During the previous month, some venture capital firms who have invested in Uniswap received summons from James' office.
Uniswap agreed to settle the charges with the CFTC by paying a $175,000 civil penalty.
The Commodity Futures Trading Commission (CFTC) has reached a settlement with Uniswap Labs, the company behind the Ethereum-based decentralized exchange Uniswap.
On September 4, the CFTC announced that Uniswap Labs had agreed to settle the charges. As part of the settlement, the company will pay a civil penalty of $175,000 and has committed to ceasing any activities that violate the Commodity Exchange Act (CEA).
Popular decentralized finance (DeFi) tokens were among the market's top gainers Wednesday on the back of significant developments in their respective spheres. What happened: The native token of leading lending and borrowing capital Aave pumped over 7% to become the second-best performing cryptocurrency in the last 24 hours.
The CFTC charged Uniswap with offering "illegal" leveraged tokens. Two CFTC Commissioners, Caroline Pham and Summer Mersinger, expressed their dissent against the regulatory order.
Uniswap has been hit with a $175,000 fine by the Commodity Futures Trading Commission (CFTC). The charge?
The US Commodity Futures Trading Commission settled charges with Uniswap early today to the tune of $175,000.
Uniswap (UNI), the governance token of the decentralized finance protocol on Ethereum, has posted impressive gains over the past seven days. The recent settlement with the Commodities Futures Trading Commission (CFTC) further contributed to the overall positive outlook.
TL;DR The CFTC has imposed a $175,000 fine on Uniswap Labs for allegedly offering digital asset derivatives illegally. According to the investigation, the protocol facilitated leveraged digital asset trading that violated physical delivery regulations under the Commodity Exchange Act (CEA). Despite the fine and cease-and-desist order, UNI token has risen 5% to $6.
The Commodity Futures Trading Commission (CFTC) is filing charges against the firm behind Uniswap (UNI), alleging that it offered illegal crypto derivatives contracts.
The Commodity Futures Trading Commission (CFTC) has issued an order against Uniswap Labs (CRYPTO: UNI), settling charges related to illegal offerings of digital asset derivatives trading. The agency fined the Delaware-based company, operating out of New York, $175,000.
On Wednesday, Uniswap Labs, the company behind the decentralized cryptocurrency exchange Uniswap, was fined $175,000 by the Commodity Futures Trading Commission (CFTC) for allegedly offering leveraged retail trading in digital assets without proper authorization.
