CFTC Accuses North Carolina Firm of $14 Million Crypto and Futures Commodity Pool Fraud

The post India’s tax office backs RBI’s lean toward crypto prohibition appeared on BitcoinEthereumNews.com. India’s Income Tax Department has thrown its weight behind the Reserve Bank of India’s push to restrict cryptocurrencies, citing widespread underreporting and the difficulty of tracing offshore trades, according to government documents reviewed by Reuters. The documents, dated May and June, show the central bank restating a position it has held for years. The RBI wants India’s policy on digital assets to be “leaning towards prohibition.” It also wants banks and other financial institutions barred from holding, trading, or taking any exposure to crypto or privately issued stablecoins, stating that such links could spread trouble across the country’s financial system. What is new is the tax department’s public backing. Officials told the government that trades routed through overseas exchanges are hard to monitor, which raises the risk of evasion. In the financial year that ended i

The post CFTC accuses fund manager of hiding crypto, futures losses behind fake investor returns appeared on BitcoinEthereumNews.com. The U.S. Commodity Futures Trading Commission [CFTC] has charged a North Carolina commodity pool operator and his company with fraud. It alleged that they raised more than $14 million from investors while concealing heavy trading losses across futures, options, and crypto assets. According to a complaint filed in federal court, Trevor L. Vernon and Argent Capital Management LLC allegedly solicited funds from at least 60 investors. They did so by portraying the investment pool as consistently profitable. This is despite suffering millions of dollars in losses and operating what the CFTC described as a Ponzi-like scheme. CFTC alleges fake returns masked heavy trading losses The CFTC alleges that between March 2022 and February 2026, Vernon and Argent Capital Management accepted more than $14.8 million from investors through a commodity pool known as Argent

The post Russia Approves Revised Crypto Bill for Second Reading appeared on BitcoinEthereumNews.com. Russia’s Financial Market Committee has approved the final version of its crypto bill. The revised bill removes mandatory crypto wallet address reporting, among other changes.  Russia proposes a 300,000-ruble annual crypto investment cap for retail investors. Russia has moved one step closer to introducing a comprehensive legal framework for cryptocurrencies after the State Duma’s Financial Market Committee approved the final version of the country’s crypto bill for its second parliamentary reading. The legislation would formally recognize cryptocurrencies as legal property while placing most crypto activity under state supervision. The bill still requires approval in the second and third readings before moving to the Federation Council and, finally, President Vladimir Putin for signing. Lawmakers have also pushed the proposed implementation date from July 1 to September 1, giving regul

The post Crypto-Skeptical Investing Giant Vanguard is Searching for a Head of Digital Assets appeared on BitcoinEthereumNews.com. Key highlights: Vanguard is recruiting a Head of Digital Assets to help shape its digital asset strategy The move comes despite the firm’s historically cautious stance toward cryptocurrencies The hiring signals growing pressure on traditional asset managers to engage with blockchain and tokenization trends Vanguard, one of the world’s largest asset managers and a firm known for its skepticism toward cryptocurrencies, is looking to hire a Head of Digital Assets, a move that could signal a gradual shift in how the company approaches blockchain-related opportunities. JUST IN: $12 trillion Vanguard is now hiring for a Head of Digital Assets to develop their “multi-year digital assets roadmap and drive execution.” 👀 pic.twitter.com/9Uq6lBj0nN — Bitcoin Magazine (@BitcoinMagazine) July 7, 2026 The role, which recently appeared on Vanguard’s careers portal, would

The post United States: Inflation expectations edge higher as oil rises – DBS appeared on BitcoinEthereumNews.com. DBS Group Research’s Philip Wee reports that the New York Fed’s June Survey of Consumer Expectations showed 1-year inflation expectations rising to 3.7%, with 3-year expectations at 3.3% and 5-year unchanged at 3%. Despite higher oil and survey readings, futures pricing for a September Fed hike only nudged up, and consensus still sees a negative June CPI print. Survey and CPI expectations “The New York Fed’s June Survey of Consumer Expectations surprisingly reported that 1-year inflation expectations rose to 3.7% from 3.5% in May, the highest since September 2023.” “Consumers also expected inflation to rise to 3.3% from 3.1% over the next three years, but unchanged at 3% over the next five years.” “Prior to the report, New York Fed President John Williams expected headline inflation to decline alongside energy prices, confident that monetary policy was well positioned to a

The post Russia Advances Crypto Bill After Removing Wallet Address Disclosure Requirement appeared on BitcoinEthereumNews.com. Committee of the Russian State Duma adopted an amended crypto bill, stripping off the wallet address disclosure mandate. The amendment bill enables investments into Russian stocks using cryptocurrencies, while introducing new restrictions on transfer and retail. Russia’s State Duma Financial Markets Committee adopted a revised cryptocurrency regulation bill ahead of its second parliamentary reading. The move was communicated by the Committee Chairman Anatoly Aksakov via the official Telegram channel. Lawmakers discussed several amendments to the previous version of the bill. The new proposal scraps one of the most controversial points of the bill – the provision of mandatory wallet address disclosure. The revised bill requires users to report their wallet balances and transaction volumes instead of wallet addresses. Aksakov stated that legislators dropped this

Russia’s State Duma Financial Markets Committee adopted a revised cryptocurrency regulation bill ahead of its second parliamentary reading. The move was communicated by the Committee Chairman Anatoly Aksakov via the official Telegram channel. Lawmakers discussed several amendments to the previous version of the bill. The new proposal scraps one of

The post WTI surges above $74 as Trump confirms MoU with Iran is over appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI), futures on NYMEX, soars 3.2% to near $74.30 during the European trading session on Wednesday, the highest level seen in two weeks. The oil price surges as the confirmation from United States (US) President Donald Trump that the memorandum of understanding (MoU) with Iran, which aimed at ending the war in the Middle East, is over, has revived risks of global energy supply disruption. Speaking at the NATO summit in Ankara, Türkiye, US President Trump said, I think the MoU with Iran is over.” Trump added, “We attacked very powerfully last night, the very dangerous people from Iran. They’re sick; there’s something wrong with them,” Moneycontrol reported. Last night, the US Central Command confirmed attacking Iran’s military infrastructure in response to Tehran striking commercial ships transiting through the Strait of Hormuz, a vital passage to almost on