Category: crypto

The CFTC has ordered Kalshi to keep operating in Michigan despite a state court order requiring them to unwind sports event trades. This has led to a dispute over who regulates prediction markets in the U.S. Kalshi is caught between conflicting federal and state directives, adding to a growing legal battle.

Polymarket has been blocked in the Czech Republic for operating as an unlicensed gambling service. Authorities insist that despite how the platform frames its contracts, it must follow gambling regulations. This follows similar action in other European countries, with differing approaches taken in different jurisdictions. The company is also under investigation in the United States.

South Korea plans to introduce a new law that includes cryptocurrencies and digital assets in the state asset management framework, updating rules that have been in place for over seven decades. The move is part of a broader strategy to regulate digital assets and develop blockchain infrastructure, with a focus on creating more value from…

The UK aims to issue its first digital sovereign bond on blockchain by early 2027 through HSBC’s Orion platform. This move follows the government’s expansion of cooperation with the US on stablecoins and tokenized assets. The Treasury plans to follow the first issuance with additional digital gilt sales if successful.

Ripple CTO David Schwartz defended XRP advertising in college sports, citing First Amendment protection for truthful advertising. He argued that governments cannot suppress lawful product advertising based on potential poor decisions by consumers. This debate arose after the University of Kansas partnered with Ripple, displaying the XRP logo on team uniforms.

Japan has amended its financial laws to classify cryptocurrencies as financial products, allowing for lower crypto taxes, domestic exchange-traded funds, and stricter market oversight. The legislation includes a 20% crypto tax rate, insider trading restrictions, and increased penalties for unregistered businesses. The law is expected to take effect within a year.

Actor and cryptocurrency critic Ben McKenzie is lobbying against the CLARITY Act on Capitol Hill ahead of a possible Senate vote. Joining Democratic senators, McKenzie argues for stronger ethics rules regarding President Trump’s cryptocurrency interests. The bill needs bipartisan support to pass the Senate, with concerns over consumer protections and government ethics.

BitMine Immersion Technologies generated $45.7 million from Ethereum staking in the last quarter, representing 98% of total revenue. The company now stakes 4.9 million ETH, aiming to reach 5% of Ethereum’s total supply. Tom Lee projects $284 million in annual rewards once all ETH is staked through MAVAN and partners.

BNB Chain completed its 36th quarterly token burn, removing 1.61 million BNB worth $932 million from circulation. The total supply of BNB now stands at 133.17 million, closer to the target of 100 million. Future burns will occur directly on BSC, sending tokens permanently to a blackhole address.

Revolut has received preliminary approval from Dubai’s VARA to expand its regulated crypto business in the UAE. Once final approval is granted, the company plans to offer crypto trading, exchange, and investment services through its app and Revolut X. This approval follows regulatory advancements in Europe and the U.S. as Revolut expands its crypto business…