CRYPTO
newsBTC
07 Oct 2026 · 11:15
Crypto ‘Godfather’ Gets 78 Months For $37M Meta Fraud Scheme
Strict editorial policy that focuses on accuracy, relevance, and impartiality The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality TL;DR Adam Iza, who called himself “The …
Strict editorial policy that focuses on accuracy, relevance, and impartiality
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
TL;DR
Adam Iza, who called himself “The Godfather,” has been sentenced to 78 months in federal prison.
Prosecutors said he stole more than $37 million from Meta through fraud involving access to business-manager accounts and credit lines.
The court also ordered more than $23.4 million in restitution; Meta was a victim of the scheme, not a participant in it.
A federal judge has sentenced self-proclaimed crypto entrepreneur Adam Iza to 78 months in prison, closing another chapter in a case that combined digital-asset wealth, fraud and abuse of law-enforcement connections.
The Justice Department said Iza stole more than $37 million from Meta Platforms and used off-duty sheriff’s deputies to intimidate people he viewed as rivals or threats.
The Fraud Was Bigger Than A Crypto Trading Case
Iza pleaded guilty to conspiracy against rights, wire fraud and tax evasion.
According to prosecutors, he fraudulently gained access to Meta business-manager accounts and lines of credit, using that access to steal tens of millions of dollars.
The case also involved former Los Angeles County sheriff’s deputies who were paid to carry out illegal searches and other acts on Iza’s behalf.
That makes the sentencing more serious than the familiar pattern of a crypto promoter exaggerating returns or misusing investor money.
The wrongdoing extended into civil-rights violations and the corruption of people who had law-enforcement authority.
The Court Ordered More Than $23M In Restitution
U.S. District Judge Percy Anderson sentenced Iza to 78 months in prison and ordered him to pay $23,402,766 in restitution.
The $37 million figure refers to the amount prosecutors said was stolen from Meta. The restitution order is lower, so the two numbers should not be conflated.
Meta itself had no role in the scheme beyond being a victim whose systems and credit facilities were exploited.
The crypto angle matters because Iza had cultivated the image of a wealthy digital-asset figure and used that image as part of his public persona.
But the conviction and sentence are ultimately about ordinary federal crimes carried out with extraordinary resources.
The case is a reminder that crypto wealth does not create a separate legal category. Fraud, tax evasion and civil-rights violations remain prosecutable whether the money came from tokens, trading or any other source.
This article was written by the News Desk and edited by Samuel Rae.
CRYPTO
newsBTC
07 Oct 2026 · 11:15
CFTC Lets Exchanges Convert Index Futures Into True Perpetual Contracts
Strict editorial policy that focuses on accuracy, relevance, and impartiality The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality TL;DR CFTC staff has issued temporary no-action …
Strict editorial policy that focuses on accuracy, relevance, and impartiality
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
TL;DR
CFTC staff has issued temporary no-action relief allowing designated contract markets to convert certain broad-based security index futures into true perpetual contracts.
Exchanges can remove expiration dates if they meet customer-protection, notice and filing conditions.
The relief is narrow, applies to existing qualifying contracts and expires on October 20.
The U.S. derivatives market is taking another step toward a contract structure crypto traders know well: the true perpetual future.
The Commodity Futures Trading Commission’s Division of Market Oversight said on October 5 that designated contract markets can convert certain existing perpetual-style broad-based security index futures into contracts with no expiration date.
The relief is temporary and conditional, but it is still a notable shift in how U.S.-regulated venues can structure perpetual exposure.
Exchanges Cannot Simply Delete The Expiry Date
The no-action position comes with several safeguards.
A designated contract market must solicit feedback from participants holding open positions, provide advance notice, give customers an opportunity to exit and deliver appropriate risk disclosures.
The exchange also cannot use the conversion as an excuse to alter other material contract terms.
Any amendment still needs to be filed under the CFTC’s existing rules, and the venue must certify that it has satisfied the conditions in the letter.
That is a long way from saying every U.S. futures exchange can now list any perpetual product it wants.
Crypto Popularized The Structure, But This Relief Covers Index Futures
Perpetual futures became a defining product of offshore crypto markets because they provide leveraged exposure without a fixed expiration date.
The contracts covered by this CFTC action are different: they reference broad-based security indexes.
Even so, the regulatory direction is interesting.
Earlier this year, CFTC staff also provided a route for converting certain digital-commodity perpetual-style futures into true perpetuals. Extending the same concept into index products suggests the agency is becoming more comfortable with the structure itself.
The relief lasts only until October 20, which makes it more of a controlled window than a permanent policy settlement.
Still, regulated U.S. exchanges now have a path to test true perpetual index futures under explicit customer-protection conditions.
That brings a contract design closely associated with crypto one step further into mainstream derivatives infrastructure.
This article was written by the News Desk and edited by Samuel Rae.
CRYPTO
newsBTC
07 Oct 2026 · 11:15
Fairshake Backs 32 House Candidates As Crypto Election Spending Ramps Up
Strict editorial policy that focuses on accuracy, relevance, and impartiality The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality TL;DR Fairshake has named 32 U.S. House …
Strict editorial policy that focuses on accuracy, relevance, and impartiality
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
TL;DR
Fairshake has named 32 U.S. House candidates it plans to support ahead of the November midterms.
Six races are receiving $1 million in outside spending each, for an initial disclosed commitment of $6 million.
The slate is bipartisan, with 19 Republicans and 13 Democrats, and the money is spent independently rather than handed directly to candidates.
Crypto’s largest political spending network is moving into the general election with a broad House campaign.
Fairshake has identified 32 incumbent candidates it plans to support, split between 19 Republicans and 13 Democrats.
Six of those races are receiving an initial $1 million each in independent spending, putting at least $6 million behind the first wave of the campaign.
The Selection Is Closely Tied To Crypto Policy
The six $1 million commitments are divided evenly between the two parties.
Fairshake is backing Democrats Janelle Bynum, Steven Horsford and Derek Tran, alongside Republicans French Hill, Bill Huizenga and Bryan Steil.
The wider slate is similarly bipartisan.
What connects the candidates is not party affiliation so much as their record on digital-asset legislation. The 32 lawmakers backed the House CLARITY market-structure bill, which has been a central priority for the crypto industry.
That gives Fairshake a relatively straightforward objective: protect lawmakers who supported the regulatory framework the sector wants to advance.
Independent Spending Is Not A Direct Candidate Donation
The mechanics matter.
Fairshake operates as a super PAC, so its spending is made independently rather than transferred directly into campaign accounts.
That money can fund advertising and other election activity supporting or opposing candidates, but it is not the same thing as a candidate receiving a $1 million cheque.
The scale nevertheless shows how deeply crypto policy has become tied to electoral strategy.
Major industry participants have put substantial money into Fairshake and related groups because congressional votes can determine whether market-structure, stablecoin and securities legislation moves forward.
The election result will be only the first test.
The second is whether a pro-crypto bloc that survives November can actually turn political support into legislation once the next Congress gets to work.
This article was written by the News Desk and edited by Samuel Rae.
MACRO & FED
Biztoc.com
07 Oct 2026 · 11:00
3 Regional Bank Stocks Worth Watching As Fed Rates Keep Cash Yields High
Fed rate hikes have shaken the easy-money playbook, but they have also pushed cash and short-term yields back into the spotlight. That shift can reward investors who pay attention to how banks and cash-rich …
Fed rate hikes have shaken the easy-money playbook, but they have also pushed cash and short-term yields back into the spotlight. That shift can reward investors who pay attention to how banks and cash-rich financial firms earn their keep. Miss this moment an… Fed rate hikes have shaken the easy-money playbook, but they have also pushed cash and short-term yields back into the spotlight. That shift can reward investors who pay attention to how banks and ca…
CRYPTO
pymnts.com
07 Oct 2026 · 11:00
CFTC Moves to Build Federal Rulebook for Crypto Exchanges After Clarity Act Fails
The Commodity Futures Trading Commission is moving to establish a federal regulatory framework for cryptocurrency exchanges after Congress failed to enact legislation that would have set market structure rules for much of the digital …
The Commodity Futures Trading Commission is moving to establish a federal regulatory framework for cryptocurrency exchanges after Congress failed to enact legislation that would have set market structure rules for much of the digital asset industry.
By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .
Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.
The CFTC published Monday (Oct. 5) an advance notice of proposed rulemaking outlining two interconnected regulatory frameworks that could allow crypto exchanges to register as federally supervised “crypto asset markets.” The move follows the collapse of the Clarity Act, which fell short in the Senate last month after Congress spent much of the past two years debating how to divide responsibility for digital assets among federal regulators.
Because the notice is an ANPRM, the CFTC is seeking public input before drafting formal rules. The public will have 60 days to comment after the notice is published in the Federal Register.
The proposal consists of Regulation Crypto Asset Transactions, or Regulation CTX, and Regulation Crypto Asset Markets, or Regulation CAM, Decrypt reported Monday.
Regulation CTX would rely on an existing provision of the Dodd-Frank Act requiring retail commodity transactions involving leverage, margin or financing to occur on a CFTC-registered exchange unless the commodity is actually delivered to the purchaser.
The agency is considering an expansive interpretation of that authority, according to the report. Merely offering customers leverage, including through standard onboarding documents or terms of service, could potentially subject even fully paid crypto transactions to CFTC oversight when the assets remain on an exchange’s internal books rather than being transferred to a customer’s wallet.
That would make “actual delivery” an important dividing line between state and federal regulation, the report said. The CFTC suggested actual delivery could require customers to control their private keys. Decentralized or on-chain protocols that transfer tokens directly to customer wallets would generally satisfy that standard.
We’d love to be your preferred source for news. Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks! Add as Preferred Source
Regulation CAM, meanwhile, would create a new “crypto asset market” registration category modeled on the designated contract market framework governing futures exchanges, per the report.
Transactions on registered crypto asset markets would generally flow through futures commission merchants subject to anti-money laundering requirements, according to the report. Leverage could be supplied only by those intermediaries or sponsoring banks, although exchanges could register simultaneously as brokers and clearinghouses.
The CFTC is also considering proof-of-reserves requirements and standards intended to prevent exchanges from listing tokens susceptible to manipulation, the report said. The framework would not necessarily federalize the entire crypto spot market. Exchanges that do not offer leverage could continue operating under state money-transmitter licenses.
CFTC Chairman Michael Selig said in a Monday press release that the proposed framework is “designed to prevent, rather than only prosecute after the fact, fraudulent schemes such as FTX.”
The notice also marks a departure from the agency’s previous enforcement-focused approach, characterizing President Joe Biden-era cases involving Kraken, Ooki DAO and Uniswap as “regulation by enforcement,” Decrypt reported.
The initiative effectively puts the CFTC in the position of using its existing statutory authority to fill part of the regulatory gap Congress had sought to address through the Clarity Act.
The agency sent the framework to the White House for review in September, shortly after the legislation failed in the Senate, the report said. Selig had warned in August that the CFTC would develop its own crypto rules if Congress did not act.
The Securities and Exchange Commission is proceeding on a parallel regulatory track, according to the report. It proposed its own Regulation Crypto Assets in August and last month unveiled an innovation exemption for tokenized stocks, suggesting federal regulators are moving ahead administratively even without the comprehensive market structure legislation the crypto industry had sought from Congress.
FOREX & GOLD
Pypi.org
07 Oct 2026 · 10:46
forexsmartbot added to PyPI
Professional forex trading bot with advanced risk management and strategy plugins Professional-grade desktop application for automated forex trading with advanced risk management, multiple trading strategies, and real-time portfolio monitoring. Features <ul><li>Multi-Strategy Tr…
Professional forex trading bot with advanced risk management and strategy plugins Professional-grade desktop application for automated forex trading with advanced risk management, multiple trading strategies, and real-time portfolio monitoring.
Features
<ul><li>Multi-Strategy Tr…
FOREX & GOLD
Pypi.org
07 Oct 2026 · 10:46
forexsmartbot 3.2.0
ForexSmartBot Professional-grade desktop application for automated forex trading with advanced risk management, multiple trading strategies, and real-time portfolio monitoring. ✨ Features Multi-Strategy Trading : 17+ built-in strategies including 7 ML-based approaches : 17+ built-in …
ForexSmartBot
Professional-grade desktop application for automated forex trading with advanced risk management, multiple trading strategies, and real-time portfolio monitoring.
✨ Features
Multi-Strategy Trading : 17+ built-in strategies including 7 ML-based approaches
: 17+ built-in strategies including 7 ML-based approaches Real-time Monitoring : Live portfolio tracking with P&L updates and health checks
: Live portfolio tracking with P&L updates and health checks Risk Management : Advanced risk controls with Kelly Criterion and drawdown protection
: Advanced risk controls with Kelly Criterion and drawdown protection Multi-Broker Support : Paper trading, MT4, and REST API integration
: Paper trading, MT4, and REST API integration Enhanced Backtesting : Comprehensive strategy testing with parallel processing
: Comprehensive strategy testing with parallel processing GPU Acceleration : CUDA support for 5-20x faster ML training and inference
: CUDA support for 5-20x faster ML training and inference Strategy Builder : Visual strategy construction with code generation
: Visual strategy construction with code generation Strategy Marketplace: Community-driven strategy sharing platform
🧭 Table of Contents
🚀 Quick Start
# 1) Install pip install forexsmartbot # 2) Run python app.py
For detailed installation instructions, see docs/installation.md.
💿 Installation
From PyPI (Recommended)
pip install forexsmartbot
From Source
git clone https://github.com/VoxHash/ForexSmartBot.git cd ForexSmartBot pip install -r requirements.txt python app.py
With GPU Acceleration (Optional)
# For CUDA 12.x pip install cupy-cuda12x # For CUDA 11.x pip install cupy-cuda11x
See docs/GPU_ACCELERATION.md for detailed setup instructions.
🛠 Usage
Basic Workflow
Launch the application: python app.py Configure settings: Go to Settings → General tab Select strategy: Choose from available trading strategies Set risk parameters: Configure risk per trade and leverage Start trading: Click "Connect" then "Start Trading"
For advanced usage, see docs/usage.md and docs/cli.md.
⚙️ Configuration
Variable Description Default INITIAL_BALANCE Starting account balance 10000.0 RISK_PER_TRADE Risk percentage per trade 0.02 MAX_LEVERAGE Maximum leverage 1:100 DATA_INTERVAL Data update interval 1h
Full configuration reference: docs/Configuration-Guide.md
📚 Documentation
Complete documentation index: docs/INDEX.md
🗺 Roadmap
Planned milestones live in ROADMAP.md. For changes, see CHANGELOG.md.
🤝 Contributing
We welcome PRs! Please read CONTRIBUTING.md and follow the PR template.
🔒 Security
Please report vulnerabilities via SECURITY.md.
📄 License
This project is licensed under the terms in LICENSE.
🆘 Support
See SUPPORT.md for more support options.
⚠️ Disclaimer
This application is for educational and legitimate business purposes only. Users are responsible for complying with applicable laws and regulations. The developers are not responsible for any financial losses or misuse of this application.
Made with ❤️ by VoxHash Technologies
FOREX & GOLD
Khabarhub.com
07 Oct 2026 · 10:46
Gold price stable, silver price falls
A woman looks at gold ornaments displayed at a shop in New Road. KATHMANDU: The price of gold remained unchanged in the local market on Tuesday, while the price of silver decreased by Rs …
A woman looks at gold ornaments displayed at a shop in New Road.
KATHMANDU: The price of gold remained unchanged in the local market on Tuesday, while the price of silver decreased by Rs 15 per tola.
According to the Federation of Nepal Gold and Silver Dealers’ Associations, the price of fine gold remained at Rs 291,500 per tola on Tuesday, while silver was traded at Rs 4,415 per tola.
On Monday, fine gold was priced at Rs 291,500 per tola, while silver was priced at Rs 4,430 per tola.
FOREX & GOLD
Biztoc.com
07 Oct 2026 · 10:46
Gold price today, Tuesday, October 6, 2026: Gold edges higher as investors monitor domestic and global conditions
Gold (GC=F) December futures opened at $4,169.20 per troy ounce on Tuesday, October 6, 2026, up 0.3% from Monday's closing price. Gold rose in early trading to $4,187.30 as of 6:59 a.m. ET. Gold …
Gold (GC=F) December futures opened at $4,169.20 per troy ounce on Tuesday, October 6, 2026, up 0.3% from Monday's closing price. Gold rose in early trading to $4,187.30 as of 6:59 a.m. ET.
Gold prices opened within the narrow band they've traded in for the l… Gold (GC=F) December futures opened at $4,169.20 per troy ounce on Tuesday, October 6, 2026, up 0.3% from Monday's closing price. Gold rose in early trading to $4,187.30 as of 6:59 a.m. ET.Gold price…
MACRO & FED
Biztoc.com
07 Oct 2026 · 10:46
Five reasons India's stock market is sinking even when its economy is growing
Published India's economy is growing at an enviable rate of over 7% despite global energy shocks, rising interest rates, tariff uncertainties and weather-related disruptions. But the world's fastest growing major economy also has one …
Published
India's economy is growing at an enviable rate of over 7% despite global energy shocks, rising interest rates, tariff uncertainties and weather-related disruptions.
But the world's fastest growing major economy also has one of the worst performing m… PublishedIndia's economy is growing at an enviable rate of over 7% despite global energy shocks, rising interest rates, tariff uncertainties and weather-related disruptions.But the world's fastest gr…