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Prediction Markets Get Tailored US Advice From Former CFTC Foe

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Prediction market companies such as Polymarket and Kalshi have a new set of guidelines for their U.S. operations, with the Commodity Futures Trading Commission on Thursday introducing initial guidance and a proposed permanent rule for what the agency called “a proven source of trusted information for news media, sports leagues, financial institutions and everyday Americans.” […]

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Donald Trump will host another lunch at Mar-a-Lago for his token holders

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Holders of the $TRUMP token will have another opportunity to dine with the US president after the company behind the token announced a “gala lunch” with Donald Trump planned for the end of next month. The lunch, scheduled for April 25, comes just under a year after token holders were invited to a previous dinner

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Ark Invest Says Quantum Computing Is a Long-Term Risk for Bitcoin, Not an Imminent Threat

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Asset manager Ark Invest says quantum computing is a long-term consideration for Bitcoin security but not an imminent threat. In a co-authored report Wednesday with Unchained, the investment manager said today’s quantum computers fall far short of the capabilities needed to break Bitcoin’s cryptography, which relies on elliptic curve encryption to secure wallets. “Today’s quantum

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JPMorgan sued over alleged $328 million crypto Ponzi scheme linked to Goliath Ventures

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JPMorgan Chase has been sued by investors at Goliath Ventures, with a proposed class action alleging that the bank ignored “red flags” that the allegedly fraudulent crypto pool raised and helped enable what the complaint describes as a $328 million crypto Ponzi scheme that affected more than 2,000 people. Filed Wednesday in federal court for

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OP Labs eliminates roles in restructuring to “focus” on core priorities

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OP Labs, the leading development company supporting the Optimism ecosystem, has laid off 20 employees as part of an internal restructuring aimed at refining the organization’s strategic direction, according to a message shared by the group’s leadership. In an article on X, OP Labs CEO Jing Wang said the decision followed internal discussions with affected

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Why Bitcoin and Crypto Are Not Ready for Real-World Adoption

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For over a decade, the cryptocurrency industry has promised to reinvent money. Without permission. Without confidence. Without borders. Immune against the recurring failures of traditional finance. Yet commonly cited estimates of global ownership are all stagnating below 10% – and the proportion actually using crypto for payments and other tangible uses is likely even lower.

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US Senate votes to ban CBDCs in housing bill that could face problems in the House

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An initiative to ban the U.S. Federal Reserve from issuing a government-run digital dollar was approved in a mostly bipartisan 89-10 vote in the Senate, but it is contained in a housing bill that could face headwinds in the U.S. House of Representatives. The effort to ban a central bank digital currency (CBDC) has long

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BTC Mining Faces Price Risk, Not Power Cost Shock, As Oil Surges Above $100

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As oil rises above $100 amid escalating tensions in the Middle East, the question for the Bitcoin network and miners is not whether their electricity bills will rise, but whether the price of Bitcoin will fall. The direct effect of oil shocks on mining costs will likely be limited, but the broader macroeconomic consequences could

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Circle (CRCL) Overtakes Crypto Stocks as Stablecoin Thesis Gains Momentum: William Blair

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Circle (CRCL) has recently outperformed other crypto-related stocks, a move that investment bank William Blair said reflects more than just changing macroeconomic conditions. “It is tempting to attribute the recent strength to rising oil prices and perhaps a more hawkish Fed,” analysts Andrew Jeffrey and Adib Choudhury wrote in a note to clients Thursday. “We

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