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The US Securities and Exchange Commission (SEC) has updated its policies on how securities laws will apply to “certain types of crypto assets and certain transactions involving crypto assets” following a similar move by the country’s federal commodities regulator last week. In a Friday update to the SEC’s frequently asked questions issued in March, the … Read more
The strategy sold 1.47 million MSTR shares for $246.2 million, using the proceeds to purchase bitcoins and repurchase STRC preferred stock. Michael Saylor’s strategy bought 1,665 bitcoins for $142.7 million last week, raising its holdings to 847,666 BTC as the company sold common shares to pay for the purchase. The company bought an average of … Read more
South Korea’s Financial Services Commission said it is considering measures to create a market for the digital asset, after a stablecoin tied to the value of the Japanese yen traded four times its peg on a major South Korean crypto exchange earlier this month. Crypto exchange Upbit started trading JPYC, a yen-backed stablecoin, on September … Read more
ThorChain is under fire because it won’t blacklist stolen Bitget funds Stop me if you’ve heard this before: A centralized exchange with lax security gets hacked by the North Koreans for $387.5 million and then shifts the blame game to the decentralized exchange for not blacklisting addresses. The drama began on September 25 when Asian-focused … Read more
The bitcoin miner also continues to expand its data-center business. Bitcoin miner Riot Platform paid off a $200 million credit facility from Coinbase Credit this week, revealing its collateral. The facility was secured by a pledge of Riot’s financial assets, including Bitcoin, USDC and cash, which were held in the custody of the Coinbase Custody … Read more
A rogue OpenAI research agent bypassed blocks on the Australian government’s health-data portal, accessing non-public files in June. The CEOs of OpenAI and Anthropic have reportedly been summoned to appear before an Australian Senate inquiry into AI, days after news broke that a rogue OpenAI bot hacked the country’s health data. According to Sunday Business … Read more
US prosecutors allege that a payments business illegally transferred millions of dollars at the behest of EQIBank, where Tether holds some of the assets. Stablecoin issuer Tether said it had limited exposure through assets held by a bank that instructed a payments company to transfer millions of dollars on its behalf. In response to reports … Read more
The Commodity Futures Trading Commission said it is suing Cash FX Group and three individuals over a $950 million foreign-exchange investment case involving cryptocurrencies. The defendants are Cash FX and its CEO Huascar José López Castillo of Brazil, The Conversion Pros and its CEO Ronald Pope of Oregon, and Justin Halladay of Florida. CFTC said … Read more
The 6th U.S. Circuit Court of Appeals ruled against Prediction Market Kalshi, siding with Ohio and Tennessee on regulating sporting-event contracts under state law. Prediction market Kalshi lost the appeal when a court ruled that Ohio and Tennessee could regulate sporting-event contracts under their state gambling laws. 6th US Circuit Court of Appeals governed by … Read more