Crypto
The enforcement action over wagers on sports event contracts followed Coinbase announcing the launch of prediction markets in all 50 US states.The Nevada Gaming Control Board announced that it had filed a civil enforcement action…
The Sejm, the lower house of Poland’s legislature, has again passed a bill that could impose restrictions on the cryptocurrency market, following the country’s president’s veto of an earlier attempt.In a Thursday vote, Polish lawmakers voted 241 for and 183…
The European Central Bank plans to allow blockchain-based settlement in central bank money next year and is preparing to issue a digital euro, but its privacy safeguards will ultimately depend on approval from EU lawmakers.ECB executive board member Piero Cipollone…
Key takeawaysRMJDT is a ringgit stablecoin pitched for payments and cross-border trade.Its treasury and validator setup is designed to make onchain settlement function like reliable infrastructure.Across Asia, stablecoins are being brought under licensing and reserve and redemption rules.Tokenized assets are…
Blockchain analytics firm Bubblemaps said a cluster of 23 wallets linked to the deployer of the Solana-based AI token Ava accumulated around 40% of the token’s supply at launch, raising new questions about insider coordination around the project’s debut.The sybil…
Quantum computers still cannot break Bitcoin, but several major blockchains are preparing for a future in which they might.In the past week, Aptos proposed post-quantum signature support as Solana tested quantum-resistant transactions. Meanwhile, parts of the Bitcoin community renewed calls…
Bitcoin may have ended its historical four-year cycle, signaling an incoming year of downside, despite widespread analyst expectations for an extended cycle driven by regulatory tailwinds.Bitcoin’s (BTC) $125,000 all-time high on Oct. 6 may have signaled the top of the…
The administrator of Terraform Labs’ bankruptcy, Todd Snyder, has filed a lawsuit seeking $4 billion in damages from trading company Jump Trading and multiple executives.According to a Friday Wall Street Journal report, the lawsuit alleges that Jump Trading unlawfully profited…
Bitcoin (BTC) aimed for $88,000 on Friday after Japan’s central bank raised interest rates to 30-year highs.Key points:Bitcoin joins US stocks futures heading higher in a curiously bullish reaction to Japan’s interest-rate hike.Commentators argue that no further hikes will happen…
Coinbase is taking three US states to court in a bid to lock in federal protection for its planned prediction markets, opening a new front in the battle over whether event contracts are finance or gambling.The exchange has sued regulators…
The recent surge in privacy-focused cryptocurrency Zcash may be driven more by capital rotation than a sustained structural bull trend, said Real Vision founder and macro investor Raoul Pal.“Do I need that asset to say I was in earliest? I…
Key takeawaysLibya’s cheap, subsidized electricity made it profitable to run even older, inefficient Bitcoin miners.At its peak, Libya is estimated to have generated around 0.6% of the global Bitcoin hash rate.Mining operates in a legal grey zone, with hardware imports…
The US Senate has confirmed crypto-friendly lawyer Mike Selig as the new chair of the Commodity Futures Trading Commission and has elevated Travis Hill to chair the Federal Deposit Insurance Corp.The two confirmations were included in a package of nearly…
The total crypto market capitalization has fallen to an eight-month low, wiping out all gains this year, as analysts remain bearish in the short-term.Total market capitalization fell to $2.93 trillion in late trading on Thursday, its lowest level since April,…
The US Securities and Exchange Commission has flagged in a lawsuit that third-party Bitcoin mining hosting services can be a securities offering, a position strongly opposed by one industry executive.The SEC sued the Bitcoin (BTC) mining company VBit and its…
United States President Donald Trump offered positive remarks about pro-crypto Fed chair nominee Chris Waller at a recent press conference, as speculation continues over his final choice.“I think he’s great. I mean, he’s been a man who’s been there a…
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