After the U.S. Commodity Futures Trading Commission’s court defeat last week in the agency’s pursuit of Kalshi’s election contracts, the regulator’s chairman, Rostin Behnam, said it will still keep pursuing the case against what it continues to contend is illegal activity. Source
Stablecoins, cryptocurrencies whose price is meant to be pegged to a real-world asset such as a national currency or gold, are key pieces of plumbing for the crypto market, serving as a bridge between fiat money and digital assets. They are increasingly popular for non-crypto activities in emerging regions like Latin America and Southeast Asia, with uses ranging from saving in dollars, payments and cross-border transactions, a fresh report by venture capital firm Castle Island and hedge fund Brevan Howard Digital said. Source
Technically, it is Trump’s sons Eric and Donald Jr., alongside the puzzling designation of 18-year-old Barron Trump as “Chief DeFi Visionary,” who are leading this initiative. Behind the scenes, Chase Herro – a figure with a controversial past and history of dubious ventures – emerges as the project’s real architect. The whitepaper, seen by CoinDesk, shows early iterations copied the code base of Dough Finance, which lost $1.8 million in a flash attack in July. Technical development is believed to be entirely outsourced to third parties, leaving an even higher…
A man has pleaded guilty and been fined for unlawfully retaining and selling thousands of pieces of customer records from the car leasing company he worked for in Hertfordshire. Shortly before he resigned from his role as sales consultant, at Leaseline Vehicle Management Ltd., Alexander Doré, 44, sold over 3,600 pieces of personal information he’d taken from the company’s internal customer database. He approached multiple competitor companies with this information, whilst claiming that the data belonged to him. The breach was discovered in November 2022 and subsequently investigated by the…
But there’s an old saying on Wall Street: the pessimists sound smart, but the optimists make money. The statement refers to the arguments made by both bull and bear investors. Because, quite often, the naysayers come up with fantastic, intricated stories to pitch their case, instead of focusing on the data. As a result, they don’t pay attention to the positive catalysts and miss out on the rallies. Source
The survey consisted of a range of market participants and “92% believe that financial markets will experience a substantial degree of tokenization at some point, although all said that it is at least three years away”. OMFIF surveyed 26 institutions including treasuries, banks and asset managers across Europe, Africa, Asia and South America. Source
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Markets are seeing a nearly 70% probability of a bigger 50 bps rate cut to the 4.7%-5% range, up from 25% a month ago. Source
As of now, the token will be sold only to accredited investors under what is known as a Regulation D exemption from the Securities and Exchange Commission (SEC). Regulation D exemptions allow companies to raise capital without registering securities with the SEC, primarily by offering securities to accredited investors or in small, private offerings. Source
We have issued a reprimand to Bonne Terre Limited, trading as Sky Betting and Gaming, for unlawfully processing people’s data through advertising cookies without their consent. From 10 January to 3 March 2023, Sky Betting and Gaming was processing people’s personal information and sharing it with advertising technology companies as soon as they accessed the SkyBet website – before they had the option to accept or reject advertising cookies. This meant their personal information could be used to target them with personalised adverts without their prior consent or knowledge. We…