crypto

“This action runs counter to the CFTC’s established framework for regulating prediction markets,” the spokesperson said in a statement emailed to CoinDesk. So far, the states that have filed such a challenge against the prediction markets have met with counter suits from the CFTC, where Chairman Mike Selig has taken an aggressive legal stance defending…

The GENIUS Act, signed into law last year, established the first federal framework for payment stablecoins in the United States. Among other requirements, issuers must hold reserves in cash, short-term Treasury securities and certain government money market funds. The legislation has created an opportunity for traditional asset managers to offer regulated vehicles that stablecoin issuers…

Coinbase’s (COIN) latest product launch event may not have changed Wall Street’s near-term earnings forecasts, but it reinforced a growing belief among analysts that the crypto exchange is steadily transforming itself into a broader financial platform with revenue streams that extend beyond bitcoin’s price cycles. At Tuesday’s System Update event in New York, Coinbase unveiled…

The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, a move markets had expected nearly unanimously. “Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East,” the press release said. “Inflation remains elevated relative to the Committee’s…

The crypto industry is pushing back against a new tax law in the state of Illinois that enacts a 0.2% tax on businesses transacting or storing crypto for customers in the state, but it may be too late to change it in the short-term. The law enacts a 0.2% tax on “receiving any digital asset…

Audits are accomplishing exactly what they are designed to do — discovering errors in the code. And they’re working. Fewer attacks than before take advantage of faulty code to steal platform funds. The problem, however, is that we’re seeing a growing disconnect between what audits examine and what attackers actually exploit. Today, the industry’s largest…

The decline is a reflection of a broader slump in investor sentiment toward digital asset-linked stocks. After a wave of crypto IPO enthusiasm last year, bitcoin BTC$65,075.05 and cryptocurrency prices have tumbled, and attention has increasingly turned toward artificial intelligence (AI) companies and a pipeline of highly anticipated tech listings like SpaceX (SPCX). Several crypto…

With only about 20% of the $10.6 billion in open interest sitting in-the-money (ITM) and the remaining 80% out-of-the-money (OTM), the market has a strong imbalance that could fuel sharp price swings as participants scramble to adjust their positions. The story doesn’t end there. Max pain and put-call ratio Another factor pointing to potential volatility…

The day’s main event is Fed Chair Kevin Warsh’s first interest-rate decision. No change in rates is expected, which means markets will be scanning the policy statement, economic projections and the post-meeting press conference for cues. Here is what could elicit a risk-on, positive reaction from bitcoin BTC$65,285.01 The dot plot: This is a graphical…