NEW YORK – Terraform Labs co-founder Do Kwon will wait a little longer than expected to find out how much time he will serve in prison for orchestrating a massive crypto scam that wiped about $50 billion from the crypto ecosystem in May 2022. In the lengthy hearing, District Judge Paul Engelmeyer of the Southern […]
Do Kwon’s sentencing drags on as the court weighs the mountain of victim testimony Read More »
US-listed cryptocurrency exchange Coinbase (COIN) has released the latest version of its stablecoin-based payment protocol for AI agents, making it easier to expand and connect the autonomous payment system, the exchange said in a blog post on Thursday. The cleverly titled x402 V2 moves the AI agent payments tool from asking “So what does it
Coinbase expands reach of Stablecoin-based AI agent payment tool Read More »
The crypto sector has been freed from its annual reference in the Financial Stability Oversight Council’s litany of financial risks posed by the US system, although it is not unique in that, because the report has effectively removed much of its focus on financial system “vulnerabilities”. The FSOC, created after the 2008 mortgage meltdown that
The US Financial-Risk Watchdog, FSOC, deleted digital assets as a potential danger Read More »
The U.S. Commodity Futures Trading Commission issued no-action letters to the operators of prediction market platforms Polymarket, PredictIt, Gemini and LedgerX/MIAX on Thursday, announcing that the companies did not have to meet certain registration requirements as long as they met other specified requirements and that the companies may be able to clear contracts through a
CFTC Lets Polymarket, PredictIt, LedgerX Disable Certain Requirements Read More »
NEW YORK – Terraform Labs co-founder Do Kwon was sentenced Wednesday to 15 years in prison for his role in a massive fraud that saw around $50 billion wiped from the crypto ecosystem in just three days in May 2022. The sentence, handed down by District Judge Paul Engelmeyer of the Southern District of New
Terra Creator Do Kwon sentenced to 15 years in prison Read More »
Bitcoin BTC$93,499.80 retreated to $93,000 on Thursday as traders digested the Fed decision, but altcoins mostly did not participate in the rally. Falling to $89,000 following the Federal Reserve’s rate cut on Wednesday and a markedly lower open for US stocks, bitcoin recently traded at $93,000, up marginally over the past 24 hours. Altcoins mostly
Bitcoin Price (BTC) News: Early losses reversed Thursday Read More »
Chainlink’s LINK token fell nearly 5% over the past 24 hours to $13.74 on Thursday, reversing early gains despite a major announcement from Coinbase. Earlier in the day, Coinbase revealed that it had chosen Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to power a new bridge connecting its $7 billion in wrapped assets, including cbETH, cbBTC and
Slips 5% despite Coinbase deal, but bottom signs emerge Read More »
US Commodity Futures Trading Commission Acting Chair Caroline Pham has moved again to advance President Donald Trump’s crypto agenda by removing old guidance on “actual delivery” of crypto commodities, which she suggested could get in the way of next steps. “Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles innovation is
US CFTC’s Pham Moves to Do-Over on ‘Actual Delivery’ Guidance on Crypto Read More »
Both the US Commodity Futures Trading Commission and the Federal Deposit Insurance Corp. will have significant reach in overseeing the US crypto sector, and President Donald Trump’s nominee to be their chairman has crawled through a Senate confirmation process that is nearing completion — though the Senate is likely still days away from actually holding
When will CFTC Chairman Mike Selig be confirmed by the Senate? Read More »
Crypto exchange Binance expands role of USD1 (USD1), stablecoin for Trump-linked crypto project WLFI$0.1468overhaul part of its stablecoin infrastructure with the token. Starting Thursday, the exchange will offer new trading pairs — BNB/USD1, ETH/USD1 and SOL/USD1 — giving users broader access to trade WLFI’s dollar-backed stablecoin, according to a press release. It also offers fee-free
Binance Expands Trading of Trump-Linked World Liberty Financials Stablecoin Read More »
