CFTC submits emergency motion to block Kalshi's election betting contracts

Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency. 725 Total views 18 Total shares Two weeks after Binance initially pledged to develop a proof-of-reserve (PoR) mechanism in response to the FTX liquidity and bankruptcy fiasco, it published its official response.In an announcement on the Binance…

On October 8, Hong-Kong-based exchange Bitfinex has announced that it is not under the immediate threat of insolvency and the related rumors are unsubstantiated, as well as false. According to the company’s press release, all cryptocurrency and fiat withdrawals are and have been processing as usual without the slightest interference.After some mild clarifications, tension is…

The suspect at the center of the U.S.’ first Initial Coin Offering (ICO) fraud case has pleaded guilty in court, in part settling a case seen as a bellwether for the country’s securities laws, Bloomberg reported Nov. 15.Maksim Zaslavskiy, who faces a sentence of up to 37 months after lying to investors who put funds…

CoinLab has reportedly filed a 1.7 trillion JPY ($16 billion) claim against the now-defunct cryptocurrency exchange Mt. Gox, according to an alleged photo of the filing document posted on Reddit on Feb. 1.As Cointelegraph reported in its Mt. Gox recap in March last year, in 2013, CoinLab, a former business partner of the exchange, sued the…

According to the exchange, it plans to retain 16 cards from the blockchain-based game Spells of Genesis to sell before 2022 and give the remaining 16 to its DAO. 157 Total views 21 Total shares Non-custodial cryptocurrency exchange ShapeShift has burned hundreds of themed collectable “cards” from the blockchain-based mobile game,  Spells of Genesis. The…

Blockchain-based decentralized application (DApp) platform Tron pushed to remove gambling DApps in the Japanese market to comply with local regulations, according to a press release published on March 31.Per the statement, the company intends to adhere to local laws and regulations in the countries it works in. Therefore, the firm has decided to support gambling…

Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. And now, a mix of technical and fundamental indicators hints that the token will keep rallying into March.AVAX price breakout underwayThe AVAX/USD pair appears to have been forming a falling wedge pattern since May 2022 and has now entered the…

Stablecoins are the cornerstone of the digital asset marketplace with a market cap of over $100 billion. Governments are already putting considerable resources in being up to speed with the trends. A November 2021 report published by the United States President’s Working Group on Financial Markets details the various measures to ensure stablecoin regulation is…