A recent investigation by Reuters has brought to light the significant political ties of Nobitex, Iran’s dominant cryptocurrency exchange. The report identifies the exchange’s founders as Ali and Mohammad Kharrazi, brothers belonging to one of Iran’s most influential political families.…
Brazil Central Bank Restricts Crypto in Cross-Border Transactions Brazil’s central bank has enacted new regulations prohibiting the use of cryptocurrencies in regulated cross-border payment activities. This directive is part of a larger initiative by the Brazilian authorities to integrate international…
SBI Holdings is reportedly in discussions to acquire a stake in the cryptocurrency exchange Bitbank, with the objective of integrating it as a consolidated subsidiary. This move signifies a strategic effort by the prominent Japanese financial services group to bolster…
South Korean cryptocurrency exchange Bithumb has secured a temporary reprieve from a significant business suspension, following a decision by the Seoul Administrative Court. The court has granted Bithumb’s application to suspend the execution of a six-month partial business suspension, which…
Legislative efforts to establish a comprehensive regulatory framework for the cryptocurrency market are advancing, with lawmakers indicating a potential markup session could occur by mid-May. However, significant disagreements persist, notably concerning the ethical implications of political figures’ involvement with digital…
US Senators Prohibited from Prediction Market Trading United States Senators are now formally prohibited from participating in prediction markets following the unanimous adoption of Senate Resolution 708. This resolution, which was made effective immediately, amends the standing rules governing member…
U.S. Senators Elizabeth Warren and Ron Wyden have initiated an inquiry into stablecoin issuer Tether and Commerce Secretary Howard Lutnick regarding a reported loan extended to a family trust benefiting Lutnick’s children. The senators expressed concerns that this transaction could…
I’ll be honest with you — when the market is bleeding, most people log off. They close their Coingecko tabs. Discord doesn’t get opened for weeks. They wait. And that’s exactly why bear market airdrop farming is one of the…
Polymarket, a prominent prediction market platform, has announced a strategic partnership with blockchain analytics firm Chainalysis. This collaboration aims to enhance the platform’s capabilities in detecting and preventing insider trading, fraud, and market manipulation. The move aligns with Polymarket’s objectives…
Gemini Secures CFTC Derivatives Clearing License, Bolstering Regulatory Compliance Gemini has achieved a significant regulatory milestone with its Olympus subsidiary obtaining a Derivatives Clearing Organization (DCO) license from the Commodity Futures Trading Commission (CFTC). This license empowers Gemini to function…