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Tennessee sends cease-and-desist letters to Kalshi, Polymarket, Crypto.com

Tennessee regulators have issued cease-and-desist letters to Kalshi, Polymarket, and Crypto.com, citing concerns over their operations related to prediction markets and cryptocurrency trading. The letters allege that these platforms are engaging in activities that violate state laws governing securities and gambling. The Tennessee Securities Division is particularly focused on ensuring consumer protection and compliance with state regulations. The affected companies have been given a deadline to respond to the allegations and address the state's concerns. This move reflects increasing scrutiny of crypto and prediction market platforms by state authorities.

Read the full article: Coin Telegraph

Manhattan DA Pushes Criminal Penalties for Unlicensed Crypto Operators

The Manhattan District Attorney's office is advocating for criminal penalties against unlicensed cryptocurrency operators in New York. This initiative aims to enhance regulatory oversight and protect consumers from potential fraud and financial risks associated with unregulated crypto activities. The DA's office is working on legislation that

Here’s Why Bitcoin is a Better Scarce Asset Than Gold: Ark Invest's Cathie Wood

Cathie Wood, CEO of Ark Invest, argues that Bitcoin is a superior scarce asset compared to gold due to its fixed supply of 21 million coins and its ability to be easily transferred and stored digitally. She highlights Bitcoin's resilience and growing adoption as a store of value,

Morning Minute: Tom Lee Backs Mr. Beast with $200M

Tom Lee, co-founder of Fundstrat Global Advisors, has expressed his support for YouTuber Mr. Beast by investing $200 million in his new venture, which aims to create a decentralized social media platform. Lee believes that the platform has the potential to revolutionize the way content creators monetize their work. The

BitMine’s $200 million MrBeast investment seen as strategic diversification: B. Riley

BitMine's recent $200 million investment in MrBeast is viewed as a strategic move for diversification, according to B. Riley. The investment aims to expand BitMine's portfolio beyond traditional cryptocurrency mining into the influencer and content creation space. Analysts believe this partnership could enhance BitMine's

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Manhattan DA Pushes Criminal Penalties for Unlicensed Crypto Operators

Here’s Why Bitcoin is a Better Scarce Asset Than Gold: Ark Invest's Cathie Wood

Morning Minute: Tom Lee Backs Mr. Beast with $200M

BitMine’s $200 million MrBeast investment seen as strategic diversification: B. Riley