Nobel Peace Prize bets on Polymarket under scrutiny: Report
Data from Polymarket showed one user with a recently opened account made more than $30,000 exclusively through bets on the peace prize winner. Norwegian officials have reportedly launched an investigation into prediction platforms’ bets on 2025 Nobel Peace Prize winner María Corina Machado as potential espionage. According to a Bloomberg report on Monday, the Norwegian
Bybit secures regulatory approval in UAE
The license came eight months after the regulator gave the company in-principle approval, and a few weeks after Bybit secured a non-operational license for Dubai. Cryptocurrency exchange Bybit has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority of the United Arab Emirates (UAE), eight months after the regulator granted the
Ripple chief technology officer to step back, join board
David Schwartz was one of the chief architects behind the XRP Ledger and is well known by many in the cryptocurrency and blockchain industry. David Schwartz, a prominent figure in the cryptocurrency industry due to his role at Ripple Labs, announced plans to “step back from [his] day-to-day duties” at the blockchain company. In a
US government poised to shut down: Will it affect crypto market structure bill?
Unless Republicans negotiate with Democrats and sign off on a bipartisan funding bill, the US government will shut down at midnight on Tuesday, likely delaying any consideration of a digital asset market structure bill in the Senate. On Monday, the US House of Representatives and Senate leaders are scheduled to meet with President Donald Trump
US senators signal resistance to market structure over ’foreign crypto deals’
Two Democratic lawmakers on the US Senate Banking Committee and Senate Agriculture Committee, expected to vote on a market structure bill soon, have signaled that they would oppose the legislation without an investigation into two White House officials. In a Tuesday letter to officials in the US State Department, Commerce Department and Department of Ethics
US senator says market structure bill could address crypto ATM scams
With members of the US Senate Banking Committee expected to vote on legislation to address digital asset market structure by the end of the month, one of the bill’s proponents has suggested that the chamber’s version could address fraud through cryptocurrency ATMs. In a Monday X post, Wyoming Senator Cynthia Lummis said one of the
Judge denies Justin Sun’s bid to block Bloomberg over crypto holdings
According to the lawsuit, Justin Sun’s crypto holdings included about 60 billion Tron, 17,000 Bitcoin, 224,000 Ether and 700 million Tether as of February. A US judge has set Tron founder and CEO Justin Sun’s lawsuit against Bloomberg back a peg after denying a temporary restraining order and injunction over publishing information about his cryptocurrency
US Treasury opens second round of comments on Genius Act implementation
The bill to establish rules for payment stablecoins was signed into law by US President Donald Trump in July and awaits final regulations before implementation. The US Department of the Treasury on Thursday opened a second period of public comment on the implementation of the GENIUS Act, legislation aimed at regulating stablecoin payments in the
Polymarket odds on CZ presidential pardon surge after X profile change
After stepping down in 2023 as part of a deal with US officials that later sent him to prison, Changpeng Zhao said he had “no plans to return to the CEO position” at Binance. Cryptocurrency enthusiasts are speculating that former Binance CEO Changpeng “CZ” Zhao is closer to receiving a pardon from US President Donald
OpenAI, Microsoft reach restructuring agreement over for-profit arm
The company signaled it would need the green light from California and Delaware policymakers as part of the restructuring plan. Artificial intelligence company OpenAI has signed a non-binding memorandum of understanding with its largest investor, Microsoft, to restructure its business. In a Thursday notice, OpenAI said the move, first proposed in May, would allow its