Category: ICO

Kalshi Lists Election Contracts After Defeating CFTC in Court

“The election gambling contracts pose significant public interest risk,” the CFTC’s lead attorney said during Thursday’s hearing. “The Commission noted serious concerns about potential adverse effects on election integrity, or the perception of election integrity, at a time where confidence in election integrity is incredibly low. These contracts would give market participants a $100 million incentive to influence either the market or the election, which could very certainly undermine confidence in election integrity. This is a very serious public interest threat.” Source

Why Tokenized Securities Matter for Investment Portfolios

Why bring traditional, large funds on-chain? Financial advisors may seek higher-performing assets to enhance client portfolios. However, such funds tend to have high investment minimums, for example, $5 million. What if your clients could participate at a fraction of that, say $20,000? More clients get to take advantage of attractive risk-adjusted returns, advisors can rebalance a bit more granularly, and issuers can manage their investors more easily, thanks to the power of blockchain. This holds true of many assets, allowing for portfolio customization especially in an era where the transfer…

Surrey Police show a “lack of seriousness about their obligations” as ICO issues enforcement notice over FOI failures

Enforcement notice issued to Surrey Police over Freedom of Information backlog Compliance rate declined 15% in just one year Oldest outstanding request at over two years, when responses are typically expected within twenty working days We have today issued an enforcement notice to Surrey Police after the force repeatedly failed to meet its obligations under the Freedom of Information Act 2000 (FOIA). The notice comes in response to a significant and worsening backlog in Surrey Police’s handling of Freedom of Information (FOI) requests, which has resulted in a compliance rate…

CFTC Has No Authority to Second-Guess Election Contracts, Judge Says

“That question involves (relates to, entails, has as its essential feature, or any other iteration of the word) elections, politics, Congress, and party control; but nothing that any Party to this litigation has identified as illegal or unlawful activity,” the judge wrote. “Nor does that question bear any relation to any game – played for stakes or otherwise.” Source

Ripple’s XRP Rises 8% on Grayscale Trust News

“We believe Grayscale XRP Trust gives investors exposure to a protocol with an important real-world use case,” said Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary in a press release. “By facilitating cross-border payments that take just seconds to complete, XRP can potentially transform the legacy financial infrastructure.” Source

Crypto Bank Anchorage Digital Takes on Custody for ARK 21Shares Bitcoin ETF (ARKB)

“Anchorage Digital Bank N.A. is pleased to further broaden access to crypto as a custodian selected for 21Shares’ U.S. spot ETF lineup,” said Nathan McCauley, the bank’s co-founder and CEO, in a statement. “Our federal charter — which supersedes state-by-state regulation and positions us as a qualified custodian — makes us a natural choice for ETF custody diversification.” Source