The Commodity Futures Trading Commission (CFTC) has raised serious concerns about the potential for manipulation in prediction markets, particularly in light of recent Kalshi events. In a new filing with the U.S. Court of Appeals for the D.C. Circuit on September 14th, the CFTC argued that these markets, which allow
18 hours ago 2 mins read
Robert Kiyosaki, the renowned American businessman and author of the bestselling book “Rich Dad Poor Dad”, has recently shared his thoughts on the current U.S. presidential election. Known for his support of Donald Trump, Kiyosaki took to X (formerly Twitter) on September 11 to express concerns about Kamala Harris, the
September 13, 2024 2 mins read
Commodity Futures Trading Commission (CFTC), has successfully secured an administrative stay in its ongoing legal dispute with Kalshi, a regulated exchange and prediction market based in New York. The conflict began when Kalshi filed a lawsuit against the CFTC at the end of 2023, challenging the regulator’s decision to block
September 13, 2024 2 mins read
Congressman John Rose from Tennessee has introduced a bill aimed at streamlining digital asset oversight through a unified regulatory approach. The proposed legislation, known as the “BRIDGE Digital Assets Act” (also referred to as the “Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act”), seeks to establish
September 13, 2024 2 mins read
After a 10-month suspension, CEX.IO, a prominent centralized crypto exchange, has officially resumed its operations in the UK as of Thursday morning. This development follows the exchange’s alignment with the Financial Conduct Authority (FCA) regulations and its collaboration with Nexo. The temporary halt in October 2023 was in response to
September 12, 2024 2 mins read
Cardano ADA is showing signs of recovery after a period of decline. The cryptocurrency has rebounded from recent lows and is currently trading with notable bullish momentum. This resurgence comes amidst significant whale activity and shifts in trading volume. Technical indicators and market sentiment suggest that ADA could be on
September 12, 2024 2 mins read
According to an exclusive report from the South China Morning Post (SCMP), Hong Kong is considering involving the Securities and Futures Commission (SFC) and the Customs and Excise Department (C&ED) in regulating over-the-counter (OTC) virtual asset trading services. This initiative comes as the city grapples with the challenges of managing
September 12, 2024 2 mins read
According to CoinMarketCap data, XRP is trading at $0.5339 with a slight 0.97% decline. Despite the dip, the chart displays a strong uptrend, supported by a daily trendline, and XRP is nearing its volume-weighted average true range (ATR) band on the four-hour chart. XRP’s market cap stands at $30 billion,
September 11, 2024 2 mins read
Jason Titman, CEO of Australian cryptocurrency exchange CEO, Jason titman Swyftx, has noted that millions of potential crypto investors in Australia are hesitant to enter the market due to unclear regulations. Titman predicts that once the regulatory environment stabilizes, between two to six million Aussies will likely venture into cryptocurrency
September 11, 2024 2 mins read
On September 10, ENS Labs, a decentralized naming system based on the Ethereum blockchain, announced the integration of its naming solution into PayPal and Venmo. This move allows users on both platforms to use an ENS domain name instead of a traditional wallet address when transferring cryptocurrencies. By eliminating the
September 11, 2024 2 mins read