US
Election Betting Site PredictIt Sues to Block CFTC-Ordered Shutdown
The CFTC’s August action calls for the site to be closed for U.S. users by February 15.
A Full Percentage Point Rate Hike? Bitcoin Traders Size Up Fed’s Desperation on Inflation
Chances of a 100 basis point rate hike rose fast following Tuesday's CPI report.
Bitcoiner Bruce Fenton Loses Bid to Contest US Senate Seat in New Hampshire
Fenton faced a competitive race but lost the Republican primary vote.
First Guilty Plea in Coinbase-Related Insider Trading Charges
The brother of a former Coinbase product manager, Nikhil Wahi, in late July was arrested for trading on confidential information.
Celsius, Creditors Agree to Independent Government Probe, Call for Narrowed Scope
The U.S. Trustee's office called for an independent examiner last month.
Fed Vice Chair Brainard Calls for Crypto-Specific Regulations, Notes Stablecoin Risks
While crypto "has all the same risks that we’re very familiar with from traditional finance,” its quirks need tailored solutions, Lael Brainard said.
US Bank Watchdog Says He’s Not Budging on Crypto Distrust
Michael Hsu, acting chief of the Office of the Comptroller of the Currency, is sticking to his guns on keeping most crypto activity out of the U.S. banking system.
Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says
"... [A]t least at some points in time, yields to existing investors were probably being paid with the assets of new investors."
The Fed Wants You to Lose Money in Stocks and Probably Crypto, Too
Monetary policy works through financial conditions, including equities and consequently crypto, which has been highly correlated with the equity market.
Crypto Lender Celsius Network Says $70M Cash Relief Will Bolster Efforts to Survive the Year
The extra cash from loan repayments, previously believed to be in stablecoins, means a much needed boost for the cash-strapped lender.
