The CFTC has pulled its 2024 proposal that aimed to ban sports and political prediction markets, saying it will not proceed with final rules on the issue. CFTC Chairman Michael S. Selig said the agency will instead initiate new rulemaking based on a sound interpretation of the Commodity Exchange Act.
The U.S. government confiscated about $31 million in cryptocurrency connected to the 2021 hack of Uranium Finance. This was a coordinated effort by the Southern District of New York (SDNY) and the San Diego Homeland Security Investigations (HSI). Uranium Finance, a decentralized exchange on the model of Uniswap but deployed
Bitcoin’s price fell nearly 6.85% to $57,733 on Thursday, driven by renewed concerns over potential token distributions from the defunct Mt. Gox exchange and increased capital outflows from major exchanges. This decline came despite positive signals from U.S. inflation and interest rate data, highlighting a growing risk-off sentiment in the
Florida Governor Ron DeSantis has made a strong statement ahead of the 2024 elections. United States presidential candidate Ron DeSantis has pledged to ban central bank digital currencies (CBDC) on day one if he emerges victorious in the 2024 elections. It sparks discussions about the future of money, technological advancements,
Elon Musk, the CEO of Twitter, asserted in an interview that the U.S. government has “full access” to users’ private direct messages. And that he was surprised to learn that the government could read users’ direct messages on his site. Elon Musk stated: “The degree to which government agencies effectively
In the aftermath of the Silicon Valley Bank (SVB) collapses on March 10, 186 banks were identified as being at risk, as per recent research. These banks are dealing with problems equivalent to those that led to Silicon Valley Bank’s demise. Federal Reserve’s rapid rate-hike campaign reducing the bank’s assets,
The Securities and Exchange Commission in the United States has kept a keen eye on the cryptocurrency market. The regulatory authorities are ensuring no errors are unseen. And now it seems to have leaked the personal details of numerous crypto miners associated with the blockchain startup Green. Furthermore, the government
Binance, a major crypto exchange, was purportedly utilized by a Mexican-based international drug cartel to launder millions of dollars. And the exchange assisted police in identifying the criminals. And CZ has stated that, unlike currency, crypto is not a useful instrument for unlawful activity. Because blockchain is transparent. According to
Alexey Pertsev, a developer of Tornado Cash, was arrested by Dutch officials. Tornado Cash DAO reportedly went offline. Ethereum (ETH) network’s “Merge” has been ready for the switch to Proof-of-Stake (PoS), at this time Tornado Cash, a cryptocurrency mixing service built on the Ethereum blockchain has turned into a hot
The U.S. Treasury announced on Thursday, that it had presented “a framework” to US president Joe Biden for collaboration with their overseas counterparts and an interagency strategy to address the advantages and disadvantages of cryptocurrency. Under the White House executive order, which was released in March. The U.S. Treasury had
