The U.S. Department of Justice rounded up several convictions in its pursuit of domestic helpers in schemes by the Democratic People’s Republic of Korea to pocket large amounts of cryptocurrency, and it also seized assets from cyber heists targeting crypto platforms, the department said in a Friday statement. The five guilty pleas announced by the […]
U.S. Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper on Friday with a post on X praising the network’s resilience and adding a jab at Senate Democrats, saying the system “never shuts down” and implying lawmakers could “learn something from that.” The comment doubled as a policy signal and a […]
President Donald Trump has named his new choice to lead the U.S. Commodity Futures Trading Commission, formally backing Securities and Exchange Commission lawyer Mike Selig after jettisoning his one-time pick of former CFTC Commissioner Brian Quintenz. The near-term leadership of the Commodity Futures Trading Commission could be a weighty matter for the crypto industry as […]
WASHINGTON, D.C. — The crypto sector and some of the financial giants on Wall Street are sprinting to put stablecoin infrastructure in place well before the U.S. watchdogs set up their regulations, and Federal Reserve Governor Michael Barr took a moment on Thursday to remind the industry’s legal experts of the hazards posed by nominally […]
MGX, a fund backed by Dubai’s ruling family, will take a 15% stake in TikTok’s U.S. business as part of a restructuring meant to increase American control of the popular video app, the Washington Post reported Friday. The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, brings MGX into a partnership with Oracle, the […]
Kalshi is pulling ahead in the prediction market race, capturing a dominant share of trading volume even as competitors like Polymarket push into regulated U.S. territory. From Sept. 11 to 17, Kalshi accounted for 62% of total volume in the on-chain prediction market sector, according to data from Dune Analytics, while Polymarket’s stood at 37%. […]
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$113,974.60 is up around 1.4% in the past 24 hours as investors await key inflation data in the U.S., which could shape expectations for a much-discussed interest-rate cut by the Federal Reserve. Before that hits though, the European Central Bank announces its own interest-rate decision. […]
The U.S. Senate’s work on the crypto industry’s top policy priority — a bill to establish the regulatory workings of crypto markets in the U.S. — advanced further on Friday with the private circulation of a new draft bill that further outlines protections for crypto developers and bankruptcy guidelines for some digital asset issuers. Despite […]
A senior official at the U.S. Department of Justice knew the crypto audience in Wyoming had fresh software developer convictions on its mind when he told them on Thursday that his department doesn’t want to go after digital assets software developers who don’t have money-laundering intentions. Matthew Galeotti, acting assistant attorney general in the DOJ’s […]
The U.K.’s fragile fiscal situation is back in focus as yields on long-term government bonds surged, topping their U.S. counterparts for the first time this century. The 30-year U.K. government bond offered a yield of 5.61% at press time. That’s 68 basis points more than the 30-year U.S. Treasury yield according to data source TradingView. […]
The Federal Reserve continued its relaxation of crypto oversight on Friday with a move to shut down a two-year-old supervisory program intended to keep a special eye on banks’ crypto ties, instead folding that task back to its day-to-day oversight work. The central bank established its short-lived Novel Activities Supervision Program during the tenure of […]
While President Donald Trump’s tariff war aims to spark a manufacturing boom at home, corporate America’s spending focus remains firmly on “bits” rather than “bricks and mortar.” This contrast is evident in the spending patterns of the Magnificent 7 (Mag 7) stocks – a group comprising large-cap tech companies, including Alphabet (parent company of Google), […]