The US Treasury has sanctioned six people and two entities for their alleged roles in an IT worker fraud scheme orchestrated by North Korea, which frequently targets the crypto industry. The Office of Foreign Assets Control […]
Prediction market Kalshi has sued regulators in the US state of Iowa, claiming it did so as there was a risk of an impending enforcement action over its sports event contracts. Kalshi sued Iowa Attorney […]
OP Labs, the development company behind the Ethereum layer 2 network Optimism, has let go of 20 employees as part of an organizational restructuring aimed at narrowing its strategic priorities and streamlining decision-making processes. “This […]
Stani Kulechov, the founder of decentralized lending platform Aave, says decentralized autonomous organizations (DAOs) need a rethink, namely, how much tokenholders vote on as opposed to input from leaders. His comments came in the wake […]
Fairshake, the political action committee backed by crypto companies Ripple Labs and Coinbase, among others, has reported additional spending on Illinois congressional races with the US midterm elections less than eight months away. In filings […]
US banks are the ones most in need of crypto regulatory clarity, according to Chris Giancarlo, former chairman of the US Commodity Futures Trading Commission, who argues that they risk falling behind the rest of […]
Prediction market platforms Kalshi and Polymarket are exploring fundraising rounds that could value each company near $20 billion, according to a Wall Street Journal report. Both companies have recently held early discussions with potential investors […]
Florida lawmakers have approved a state-level framework regulating payment stablecoins, moving the legislation to Governor Ron DeSantis’ desk for final approval. In a Friday post on X, Samuel Armes, founder of the Florida Blockchain Business […]
Bitcoin and the leading cryptocurrencies staged a recovery this week following initial shockwaves from the outbreak of the US-Israel conflict with Iran. Bitcoin (BTC) initially fell to $63,245 on Sunday, before briefly recovering to $73,000 […]
US regulators have clarified that tokenized securities will receive the same capital treatment as their traditional counterparts, saying the rules are “technology neutral.” The Federal Reserve, the Federal Deposit Insurance Corporation and the Office of […]
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