A new Kalshi ruling has added pressure on the company and the wider U.S. prediction market sector after a federal appeals court rejected its effort to block Nevada from enforcing state gaming rules. The unanimous decision from the U.S. Court…
BitGo NYDIG Deal Adds Trading and Financing Services
BitGo NYDIG developments center on BitGo’s plan to acquire the institutional trading business of NYDIG through a deal valued at $42.5 million in cash and stock, with another $15 million in cash tied to revenue milestones. According to a filing…
California memecoin bill restricts officials tokens
The California memecoin bill moved forward after California lawmakers approved Assembly Bill 2409, a measure focused on limiting public officials’ involvement with certain memecoins. According to Legiscan data, the California Senate passed the bill in a 40-0 vote on Wednesday,…
Schwab Crypto Expands With Solana Avalanche and Chainlink
Charles Schwab said Thursday that Schwab Crypto will expand beyond Bitcoin and Ethereum by adding Solana, Avalanche, and Chainlink in the coming months. The company did not provide a launch date for the three tokens, but the move marks the…
Britain Stablecoins Plan Adds New Bank Innovation Goal
Britain stablecoins policy is moving toward a new role for the Bank of England as the government plans to give the central bank a secondary objective tied to innovation in stablecoins, digital money and payments. The proposal would be made…
ECB Says Digital Euro Offers More Privacy Than Transfers
The European Central Bank is trying to address concerns that the digital euro could become a tool for monitoring how people spend money. ECB executive board member Piero Cipollone said the digital euro would protect privacy more than current bank…
Thailand crypto ETFs move toward Thai stock markets
Thailand crypto ETFs moved a step forward after the country’s Securities and Exchange Commission shifted its framework from proposed principles to draft regulations. The regulator said it is seeking feedback on two consultation papers, one covering draft rules for locally…
Pakistan crypto licensing sets Sept. 5 firm deadline
Pakistan crypto licensing has entered a new stage as the country opened its regulatory regime for digital asset firms and set Sept. 5 as the deadline to register. The Virtual Assets Regulatory Authority, or PVARA, said companies must submit an…
Kalshi states access blocked as legal battles expand in US
Kalshi states disputes widened this week as customers in Washington joined users in Michigan and Nevada who are unable to use the prediction market platform. The latest fight unfolded while the Commodity Futures Trading Commission took a more supportive stance…
Will South Korea FIU gain new powers over crypto firms?
South Korea FIU powers over unregistered crypto firms are at the center of a new bill introduced by People Power Party lawmaker Eom Tae-young and nine other lawmakers. Filed on Thursday, the proposal would amend the Act on Reporting and…