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An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says its concerns have been adequately addressed regarding Tron founder Justin Sun's involvement in the custody of bitcoin backing the WBTC token. Sky, the decentralized finance lender previously known as MakerDAO, could consider pausing its plan to offboard wrapped bitcoin (WBTC) as collateral, following a fresh recommendation from...
Kamala Harris has spoken publicly about crypto for the first time, pledging support for the industry while stressing consumer protections. United States Vice President Kamala Harris made her first public statement about crypto during her US presidential election campaign. In comments made during a Wall Street fundraiser, Harris vowed to encourage investment in artificial intelligence and digital assets. “We will...
The agency appealed a lower court's decision to let the firm offer prediction markets on which party will control each house of Congress. Crypto firms are watching the case. Kalshi is trying to launch U.S. political prediction markets ahead of the 2024 election. (Pete Kiehart for The Washington Post via Getty Images) A panel of judges grilled attorneys for...
Officials and advisors to the project confirmed, during a much-anticipated two-hour-plus Spaces on X, that the non-transferable governance token will be available under an SEC Regulation D exemption. World Liberty Financial, a crypto project the Trump family has endorsed, will launch a governance token WLFI. The token will be non-transferable offered only to accredited investors under an SEC Regulation D...
The regulator asked the court to extend the pause of Kalshi's political prediction markets for as long as the agency's appeal is pending. Wall Street heavyweight Interactive Brokers is reportedly preparing to offer contracts on the race between Kamala Harris and Donald Trump. (Justin Sullivan/Getty Images) Warning of an imminent "explosion in election gambling," the U.S. Commodity Futures Trading Commission...
Contracts offered to U.S. customers on who will control Congress only traded a few hours before being halted pending the appeal. (Nikhilesh De/CoinDesk) A U.S. federal appeals court halted Kalshi's brand-new political prediction markets, heeding the Commodity Futures Trading Commission's request for an emergency stay after the regulator lost a similar motion to a lower-level judge. Judge Jia Cobb...
Crypto was once again not mentioned in the second 2024 debate, the first between Kamala Harris and Donald Trump. Former U.S. President Donald Trump and Vice President Kamala Harris (Win McNamee/Getty Images) Vice President Kamala Harris appears to have beaten former President Donald Trump in the first debate between the U.S. presidential candidates on Tuesday, based on the direction...
The asset and broader crypto market tend to move on the release of U.S. economic figures and political developments. 16:9 Crop: Bull and Bear (nosheep/Pixabay) Bitcoin remained stable over the weekend, trading between $54,000 and $55,000, following a significant liquidation of crypto long positions after a U.S. jobs report indicated a weaker labor market. Upcoming events this week include a...
The decision comes after the CEO's arrest in France for allegedly failing to police illegal content. Telegram changed its rules. (Shutterstock) Telegram is radically altering its stance towards "illegal" use of its messaging days after CEO Pavel Durov was arrested in France for allegedly failing to police law-breaking content. On Thursday night, the formerly freewheeling texting app extended its...
U.S. stocks tracked by Nasdaq 100 and S&P 500 fell as much as 3.5% lower on Tuesday to kick off a historically bearish September month. Dominoes Falling (Charl Folscher/Unsplash) BTC briefly fell to $55,500, its lowest since August 8, to reverse nearly all gains in the past month. The August reading of the Institute for Supply Management’s manufacturing index slumped...
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