News

CFTC pulls Biden-era proposal to ban sports, political prediction markets

The Commodity Futures Trading Commission (CFTC) has withdrawn a proposal from the Biden administration aimed at banning sports and political prediction markets. This decision comes after significant pushback from industry stakeholders and concerns about the potential impact on innovation and consumer choice. The proposal had faced criticism for being overly restrictive and not reflecting the evolving landscape of prediction markets. The CFTC's move signals a shift towards a more favorable regulatory environment for these types of markets, allowing them to continue operating without the threat of a ban.

Read the full article: Coin Telegraph

DOJ Seeks Forfeiture of $3.4M in USDT Tied to Ethereum Investment Scam

The U.S. Department of Justice (DOJ) is seeking the forfeiture of $3.4 million in Tether (USDT) linked to an Ethereum investment scam. The funds were allegedly obtained through fraudulent activities that misled investors into believing they were participating in a legitimate cryptocurrency venture. The DOJ's action

Strategy's STRC preferred series gets $50 million investment from fellow BTC treasury company Strive

Strategy's STRC preferred series has secured a $50 million investment from Strive, a company that also manages a Bitcoin treasury. This investment aims to bolster Strategy's growth and enhance its offerings in the cryptocurrency space. Strive's involvement underscores the increasing interest in innovative financial

Bitcoin Retreats Under $70K as IEA Weighs Historic Oil Reserve Release

Bitcoin has fallen below the $70,000 mark as the International Energy Agency (IEA) considers a significant release of oil reserves. This decision comes amid rising energy prices and geopolitical tensions affecting global markets. The potential release could impact inflation and economic stability, influencing investor sentiment in cryptocurrencies. As a

Bitcoin reverses overnight losses, rising to above $70,000 as oil renews decline

Bitcoin has recovered from its overnight losses, rising above $70,000 as oil prices continue to decline. The cryptocurrency's rebound comes amid broader market fluctuations, with analysts noting that the drop in oil prices may have contributed to the renewed interest in Bitcoin. This price movement reflects ongoing

Read more

DOJ Seeks Forfeiture of $3.4M in USDT Tied to Ethereum Investment Scam

Strategy's STRC preferred series gets $50 million investment from fellow BTC treasury company Strive

Bitcoin Retreats Under $70K as IEA Weighs Historic Oil Reserve Release

Bitcoin reverses overnight losses, rising to above $70,000 as oil renews decline