Europe’s top financial markets regulator has fired a warning shot at the prediction market industry, telling firms that rebranding a product as an “event contract” does not automatically place it outside the reach of existing EU financial regulation. In a…
Bank of Russia Governor Elvira Nabiullina declared on Thursday that the country’s central bank digital currency (CBDC) – digital ruble – is prepared for widespread adoption, two months before a September 1 deadline. Speaking in St Petersburg, Nabiullina said “everything…
In a major development, Ireland’s Criminal Assets Bureau (CAB) has pulled another 500 Bitcoin worth roughly 27 million euros out of a cache of wallets linked to a convicted drug trafficker, pushing the agency’s total haul in the case past…
Prediction market platform Kalshi is facing legal pressure on two fronts, with a Michigan judge issuing a temporary restraining order blocking the company from offering sports-related event contracts in the state while a separate Massachusetts case grows more expansive. The…
Binance and its founder Changpeng Zhao are facing a lawsuit in the United Kingdom seeking close to Euro 150 million, roughly $200 million, from investors who say the exchange gave retail customers access to complex leveraged trading products without regulatory…
The Securities and Exchange Commission (SEC) has finalised its case against NanoBit, a fake crypto trading platform that regulators say lured investors through manufactured trust before stealing their money, closing out litigation it first filed in September 2024. The agency…
A European Parliament committee is pushing the European Union to take a closer look at whether crypto lending, staking, NFTs and decentralized finance deserve formal regulation, adding another layer to the bloc’s ongoing effort to refine its digital asset rulebook.…
Two US senators are pressing federal regulators to look into Polymarket, after reporting emerged that the prediction market company paid influencers to stage fake betting videos for social media. Senator John Curtis, a Republican, and Senator Adam Schiff, a Democrat,…
South Korea’s privacy watchdog has slapped Bithumb with a 210 million won penalty, roughly $136,000, after uncovering that the exchange routed users’ personal data to an overseas platform they never actually approved, as per reports. The trouble surfaced after lawmakers…
BitGo Holdings became the latest name in a long line of crypto firms cutting jobs this year, slashing roughly 15% of its workforce on Thursday. CEO Mike Belshe broke the news himself in a post on X. “Today I’m sharing…
