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The Commission, funded by the Ministry of Justice, also pushed for legislation to treat crypto as a new type of property in its latest set of recommendations. The U.K. Law Commission wants crypto and NFTs to attract property law rights (Reinaldo Sture/Unsplash) The U.K. should create a tailored framework for using crypto as collateral, a Law Commission funded by the...
Kalshi wants to let users bet on which political party will control Congress after an election. (Nikhilesh De/CoinDesk) The U.S. Commodity Futures Trading Commission began a formal review and public comment period to evaluate prediction market Kalshi's proposed contracts to bet on who will control Congress late Friday, while also canceling a public meeting to discuss the issue. The CFTCannouncedthat...
Nevada regulator alleged that Prime Trust was unable to meet customer withdrawals as recently as yesterday. Prime Trust Consensus Booth (Prime Trust) Crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday. The Department's Financial Institutions Division (FID), which oversees...
The Ethereum market capitalization has surpassed that of all the altcoins in the crypto market for the first time since February 2021. In a screenshotsharedby a Twitter user, the Ethereum market cap, currently at $213.8 billion, exceeds all that of altcoins, including major crypto projects like Solana, Cardano, Dogecoin, etc. This is happening for the first time in over 28...
Musk had previously engaged with the Bob token bot several times, aiding a value rise. Red arrows pointing down falling drop (Getty Images) Prices of meme coin bob (BOB) slid as much as 45% on Sunday as its popular automated Twitter bot was suspended after the social media giant's owner Elon Musk called the account a “scam." This sure looks...
Terraform Labs' lawyers argued UST was not a security because it was designed for commerce, rather than as an investment. Terraform Labs CEO Do Kwon on CoinDesk TV in December 2021. (CoinDesk) The question of what exactly an "investment contract" is and whether that phrase applies to TerraUSD (UST) became the heart of the Thursday night hearing on Terraform Labs'...
The federal judge ordered the Securities and Exchange Commission and Binance lawyers to keep negotiating about limits on the company, reporting back to her by Thursday. (Nikhilesh De/CoinDesk) WASHINGTON, D.C. — The federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance andBinance.USdeclined to order a temporary restraining order freezing the U.S. trading platform's assets. That would allow...
Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders. Red arrows pointing down falling drop (Getty Images) Tokens of major blockchain networks slid more than 20% in the past 24 hours amid a likely risk-off event days after 13 tokens were alleged as securities in a U.S. Securities and Exchange Commission (SEC) lawsuit...
The exchange says users should withdraw USD as soon as possible as the Securities and Exchange Commission engages in "extremely aggressive and intimidating tactics" against the company. Binance Logo (Danny Nelson/CoinDesk) Binance.USsays it's transitioning to an all-crypto exchange as of June 13, citing pressures from the U.S.Securities and Exchange Commission(SEC), which targeted the company with a major enforcement action this...
The securities regulator detailed evidence of hundreds of millions of dollars in profiteering by the crypto exchange as it seeks to freeze company assets. The U.S. Securities and Exchange Commission (SEC) has been investigating Binance.US since at least 2020, court filings published late Tuesday show. In the filings, the regulator detailed evidence hundreds of millions of dollars in profiteering by...
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