Saturday, October 10

Business

Figure Loan Marketplace Volume Reaches .3B in Q2

Figure Technology Solutions reported $4.3 billion in consumer loan marketplace volume for the second quarter, up 132% from a year earlier, as its quarterly profit nearly tripled. On Thursday, Figure said net income rose 192% year over year to $87 million,…

Tether Completes First Full Financial Audit of 2025 Accounts

Tether completed the first full independent audit of its annual financial statements, with KPMG US issuing a clean opinion on the stablecoin issuer’s 2025 accounts.The audit covered Tether’s balance sheet, income statement and cash flows for the year ended Dec.…

City of Baltimore Goes After Prediction Markets for Sports Betting

The City of Baltimore and its mayor, Brendan Scott, filed lawsuits against Kalshi and Polymarket over allegations that the companies violated local gambling laws.In a Thursday notice, the Baltimore mayor’s office said that the two prediction market companies operated “illegal,…

Bullish Q2 Revenue Rises 62%, Sending Shares Higher

Bullish shares jumped around 13% in early trading Thursday after the institutional-focused crypto exchange and CoinDesk owner reported a 62% year-over-year increase in second-quarter adjusted revenue and more than tripled its adjusted EBITDA.Bullish reported $92.6 million in adjusted revenue for…

Keyamo directs airlines, unions to agree repayment plans over TSC debt

The Minister of Aviation and Aerospace Development, Festus Keyamo, has directed the Nigeria Civil Aviation Authority (NCAA) and other aviation agencies to work with airlines on repayment plans for outstanding statutory charges following Tuesday’s disruption of flight operations by aviation unions.…

Custodia Gets Crypto Industry Backing in Supreme Court Fed Case

The Blockchain Association urged the US Supreme Court to hear Custodia Bank’s challenge to the Federal Reserve’s denial of its application for a master account, which would give the crypto-focused bank direct access to the Fed’s payment system.In an amicus…

Robinhood Chain Relies on Uniswap as Liquidity Nears B

Robinhood’s partnership with Uniswap is helping the brokerage rapidly build liquidity on its new blockchain, potentially removing a key obstacle to attracting users and assets, according to Standard Chartered.In a recent note, Standard Chartered analyst Geoffrey Kendrick said Robinhood Chain…

Bitcoin Mining Capacity Shifts as AI Data Center Demand Grows

Publicly traded Bitcoin miners are cutting mining capacity faster than the Bitcoin network overall, suggesting that more operators are redirecting electricity and infrastructure toward data centers and high-performance computing (HPC), in another sign of the sector’s evolution beyond creating more…

Trezor Reports Data from 14K Users Exposed Through Shipping Provider

Cryptocurrency wallet company Trezor reported a breach of personal data affecting about 14,000 users through its shipping provider, ShipMonk. Trezor’s Wednesday blog post said users who received its products from the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal between May…

‘DeFi Doesn’t Exist Anymore’ Just Onchain Finance: Andre Cronje

Most decentralized finance (DeFi) protocols are no longer truly decentralized, according to Andre Cronje, founder of DeFi platform Flying Tulip and creator of Fantom Network.“I don’t think DeFi exists anymore outside of those very small niches,” Cronje told Cointelegraph during…

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