Category: crypto

Kalshi, a prediction market company, is facing a 14-day ban in Nevada after a state judge issued a temporary restraining order. Nevada regulators claim that Kalshi’s event contracts violate gambling laws. The company argues that its activities fall under federal regulation but the court ruling supports Nevada’s stance. Kalshi is also fighting legal battles in…

The CFTC has outlined procedures for futures commission merchants to participate in a pilot program allowing cryptocurrencies as collateral in derivatives markets. FCMs must apply a 20% capital charge for Bitcoin and Ether positions. The CFTC’s guidance aligns with SEC guidelines and aims to integrate crypto assets into traditional financial markets.

Resolv USR, a stablecoin linked to Resolv Labs, lost its peg to the US dollar after an attacker minted millions of unbacked tokens. The attacker quickly converted the tokens into stablecoins and Ether. Resolv Labs has paused operations, investigating the exploit, and working on a recovery plan. The attacker exploited a vulnerability in the token’s…

Brazil’s new Finance Minister, Dario Durigan, has decided to delay a public consultation on crypto taxation to avoid controversy during the upcoming election. Durigan aims to focus on tech regulation and financial reforms instead. This decision is part of a broader fiscal strategy to conserve political capital and prioritize other legislative issues.

Hailey Welch, known as the “Hawk Tuah girl,” faced backlash and death threats after promoting the failed launch of the HAWK memecoin in 2024. Despite being cleared by the FBI of wrongdoing, Welch experienced emotional struggles and continued public criticism. Legal action was taken against the team behind the coin’s collapse.

Hong Kong Police Cyber Crime Bureau has warned against cryptocurrency scams after a 66-year-old retired man lost HK$6.6 million to fraudsters posing as experts. The victim fell for three separate scams, transferring money to strangers who promised guaranteed profits. Police advise caution and not trusting offers of guaranteed returns.

Hong Kong authorities issue a warning after a senior man loses HK$6.6 million in crypto scams. Grayscale files for a HYPE ETF tied to Hyperliquid’s token. U.S. lawmakers close in on regulating stablecoin yield with the CLARITY Act. These developments mark significant progress in the cryptocurrency market.

Ripple warns against scam accounts on Telegram impersonating the company. The XRP Ledger now has over 7.7 million holders. Ripple advises caution and confirms it does not have an official Telegram channel, urging users to be vigilant against potential fraud and not to trust any accounts claiming to be official Ripple channels.

Robert Kiyosaki predicts a global financial crash will lead to Bitcoin hitting $750,000 and Ethereum reaching $95,000 within a year. Critics doubt his methods due to his history of missed crash predictions. Kiyosaki believes scarce assets like BTC, ETH, gold, and silver will benefit from the crisis. The warnings come amid tightening Fed policy and…

Grayscale filed with the SEC to launch the Grayscale HYPE ETF tied to Hyperliquid’s native token, HYPE. The fund, if approved, would trade on Nasdaq under the ticker GHYP. The filing includes the possibility of adding staking in the future. Hyperliquid is a popular platform for decentralized perpetual futures trading.