Business

Stratton wins Illinois Senate primary, defeating crypto-backed Krishnamoorthi

Business / Leave a Comment

Illinois Lt. Gov. Juliana Stratton is poised to become the state’s next senator after winning Tuesday night’s Democratic primary, defeating Rep. Raja Krishnamoorthi. Krishnamoorthi had received close to $10 million in backing from crypto-super political action committee (PAC) Fairshake, among others, while Stratton was backed by Illinois Governor JB Pritzker. The Illinois Senate seat is […]

Stratton wins Illinois Senate primary, defeating crypto-backed Krishnamoorthi Read More »

PayPal (PYPL) expands PYUSD stablecoin to 70 markets

Business / Leave a Comment

PayPal (PYPL) said it is expanding access to its dollar-backed stablecoin, PYUSD$0.9999to users in 70 markets, expanding the token’s reach beyond the US as it pushes deeper into digital payments. Consumers in newly supported countries will be able to buy, hold, send and receive PYUSD directly through their PayPal accounts, with the option to transfer

PayPal (PYPL) expands PYUSD stablecoin to 70 markets Read More »

Argentina joins a growing list of countries blocking Polymarket access

Business / Leave a Comment

Argentina has ordered a nationwide block on prediction market Polymarket after a court in Buenos Aires found the platform operated without local approval and exposed users to gambling-related risks. The ruling directs ISPs across the country to block access to the site and its related domains, according to local media. It also ordered Apple and

Argentina joins a growing list of countries blocking Polymarket access Read More »

BTC price target reduced to $112,000 at Citigroup; ETH trimmed to $3,175

Business / Leave a Comment

Wall Street investment bank Citigroup lowered its 12-month price target for bitcoin BTC$73,956.93 and ether (ETH), citing slower regulatory momentum in the US, softer network activity and reduced expectations for ETF inflows. Citi now sees bitcoin reaching $112,000 and ether $3,175 over the next year, down significantly from previous forecasts of $143,000 and $4,304. The

BTC price target reduced to $112,000 at Citigroup; ETH trimmed to $3,175 Read More »

Sen. Chris Murphy, Rep. Greg Casar Targets Insider Trading in Prediction Markets

Business / Leave a Comment

Democratic lawmakers are trying to put an end to potential manipulation of prediction markets by government officials who bet on events they know will happen, such as U.S. military action, under a new bill to be introduced Tuesday. The Act to Prohibit Trading in Events on Sensitive Operations and Federal Functions (BETS OFF) will prohibit

Sen. Chris Murphy, Rep. Greg Casar Targets Insider Trading in Prediction Markets Read More »

Crypto trading firm GSR expands token advisory with $57 million in acquisitions

Business / Leave a Comment

Crypto trading firm GSR said Tuesday it is buying Autonomous and Architech for $57 million and expanding into token advisory and capital markets services. Autonomous will retain its brand and focus on token launch, while Architech will anchor a new entity, GSR Digital Asset Advisory. The group will work together with GSR’s trading, liquidity and

Crypto trading firm GSR expands token advisory with $57 million in acquisitions Read More »

For the first time, the US SEC issues definitions for what cryptoassets are securities

Business / Leave a Comment

For the first time, the US Securities and Exchange Commission has sought to clearly define different types of cryptoassets and how the regulator will approach them by issuing these new standards on Tuesday alongside its sister agency responsible for commodities. The SEC’s interpretive guidance, which does not yet carry the weight of a formal new

For the first time, the US SEC issues definitions for what cryptoassets are securities Read More »

The Senate is making progress on the market structure bill, says banking panel leader

Business / Leave a Comment

WASHINGTON, DC – The Senate’s stalled crypto market structure bill is making progress behind the scenes, the chairman of the body’s banking committee said Tuesday. Senator Tim Scott, who chairs the banking panel overseeing the market structure bill, said at the Digital Chamber’s DC Blockchain Summit that lawmakers may see a new draft of at

The Senate is making progress on the market structure bill, says banking panel leader Read More »

BTC rally faces key hurdle with Fed meeting on Wednesday, inflation data

Business / Leave a Comment

The crypto rally took a break on Tuesday ahead of Wednesday’s Federal Reserve decision. After briefly topping $76,000 overnight, bitcoin BTC$74,561.19 pulled back to around $74,000 during the US session, modestly higher over the past 24 hours. Crypto stocks posted mostly modest gains, with stablecoin issuer Circle (CRCL), bitcoin miner Bitdeer (BTDR) standing out, rising

BTC rally faces key hurdle with Fed meeting on Wednesday, inflation data Read More »

Scroll to Top