Breaking: UNI Price Rockets As CFTC Slaps Uniswap Labs With $175K Settlement Fine

Quick Summary:

The UNI price surged more than 8% today, before witnessing a slight retreat after the US CFTC slapped Uniswap Labs with a settlement fine.

In a recent update, the US Commodity Futures Trading Commission (CFTC) has issued an order against the firm for illegal digital assets derivatives trading.

According to the filing, the crypto firm is required to $175,000 in penalty to settle the regulatory charges.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: IndiaCanadaNigerNigeria

Topics: Uniswap Labs CFTC Uniswap (UNI) 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 16:09:39 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 150 words

Reading Time: 1 minutes read

Sentences: 49 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22367807

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 28 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #59

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