CFTC says court ‘erred at every turn’ in allowing Kalshi’s election markets
The CFTC says a federal court judge “mistakenly erred” when it allowed betting market Kalshi to list event contracts for the 2024 US elections.
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Hong Kong digital yuan pilot lacks P2P capabilities
While Hong Kong residents can sign up for a digital yuan wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong.

Feds want Bitfinex hacker ‘Razzlekhan’ jailed for 18 months
Prosecutors said Bitfinex hacker Heather Morgan should receive a lenient jail sentence as she provided “substantial assistance” to the government.

US isn’t prepared to regulate new industries like crypto, says Ripple CTO
"My number one recommendation to U.S. regulators is: look at the rest of the world and don’t get out of step," David Schwartz said in an exclusive interview with Cointelegraph. 1750 Total views 16 Total shares David Schwartz, chief technology officer at Ripple Labs, says U.S. regulators’ response to the crypto industry may help XRP…

$515 Million in Bitcoin Spent on Illicit Activity This Year
Recent research by Chainanalysis suggests that the amount of bitcoin (BTC) spent on illegal transactions this year could hit a record high of $1 billion, even as the ratio of illegal to legal transactions is shrinking, according to a report by Bloomberg on July 1.As per the report, the total flat value of BTC spent…

Visa’s foray into fintech provokes DoJ antitrust investigation
U.S. authorities want information from Bain & Co about Visa's Plaid acquisition. 574 Total views 7 Total shares The U.S. Department of Justice, or DoJ, recently publicized an investigation into Visa's ongoing acquisition of fintech company Plaid. "Today, the Department of Justice filed a petition in the U.S. District Court for the District of Massachusetts to…

Mantra token price collapses by over 90% in 24 hours
The price of the Mantra token has collapsed in what some traders are calling the worst project collapse since the LUNA crisis. 5026 Total views 2 Total shares The price of the Mantra (OM) token, the native cryptocurrency of the Mantra real-world tokenized asset blockchain, has collapsed by over 90% in the last 24 hours.

Russia Will Not Legalize Facebook’s Cryptocurrency, Official Says
Chairman of the Russian State Duma Committee on Financial Market Anatoly Aksakov has said that Facebook’s forthcoming cryptocurrency Libra will not be legalized in Russia, local news outlet TASS reported on June 18.Aksakov stated that Russia will not legalize the use of Facebook’s Libra cryptocurrency which the company intends to roll out in 2020, because…

Polygon and others extend helping hand to Terra blockchain projects
These efforts are sure to help get many Terra projects back on their feet following last week's devastating events. 934 Total views 3 Total shares Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to…