A new bipartisan Senate bill is expected to target sports betting and “casino-style” products offered through prediction markets overseen by the Commodity Futures Trading Commission (CFTC), according to a report published Monday by the Wall Street Journal. The measure, to be…
CoinDCX co founders linked to India fraud case Report
Indian cryptocurrency exchange coindcx is facing renewed scrutiny after reports that its co-founders, Sumit Gupta and Neeraj Khandelwal, became embroiled in a police investigation linked to an alleged investment fraud. The case, centered on claims of a criminal breach of…
Can Bitcoin hold support as Trump warns Iran again?
Bitcoin reversed last week’s advance over a volatile weekend, as escalating tensions between the United States and Iran drove traders out of risk positions. The largest cryptocurrency slid to $69,192 on Sunday morning, erasing its recent gains in a move tied…
Why does CFTC allow only some crypto assets as collateral?
The US Commodity Futures Trading Commission (CFTC) has released further guidance on how crypto assets may serve as collateral in derivatives markets, expanding on a pilot initiative the agency launched last year. In a notice issued on Friday, the CFTC’s…
Can South Korea still cancel the planned 22% crypto tax?
A new political proposal in South Korea has put the spotlight back on how the country will tax digital assets. A bill submitted by the main opposition People Power Party seeks to eliminate the local tax on cryptocurrency gains that…
FTX lines up $2.2 billion payment for creditors in March
The estate of collapsed crypto exchange FTX plans to distribute approximately $2.2 billion to creditors on March 31, according to a statement from FTX Recovery Trust. The upcoming payment forms part of the ongoing Chapter 11 bankruptcy process and follows…
What does new SEC and CFTC crypto guidance mean for ETFs?
The SEC and CFTC have jointly set out a new approach to digital assets, declaring that most crypto tokens do not fall under U.S. securities rules. Their move arrives as bitcoin trades near a crucial technical level ahead of the…
Metaplanet Raises $255M to Expand Its Bitcoin Treasury Plan
Tokyo-based metaplanet has secured roughly $255 million from overseas institutional investors through a new share sale, reinforcing its strategy of rapidly growing its bitcoin holdings. The transaction, which includes both equity and warrants, is structured to support the company’s long-term accumulation…
Strategy adds $1.57B in Bitcoin and lifts holdings to 761K
Michael Saylor’s strategy for expanding corporate Bitcoin holdings intensified last week, as Strategy, the largest publicly traded Bitcoin holder, completed one of its biggest single-week purchases to date. A new filing with the US Securities and Exchange Commission shows the…
Will Australia Senate Back New Crypto Rules for Firms Now?
The australia senate has released a committee report supporting new laws to bring digital-asset platforms and custody providers under the country’s existing financial-services system. The findings from the Senate Economics Legislation Committee endorse a bill that would extend established licensing,…