Category: Business

[ad_1] Cryptocurrencies now fall under Japan’s securities-style financial laws. Insider trading rules and stricter disclosures will apply. Lower taxes may boost investor and institutional participation. Japan has taken a major step in reshaping how it treats cryptocurrencies. A new bill approved by the government moves cryptocurrencies into the category of financial assets, placing them closer…

[ad_1] Key Takeaways: CFTC filed for injunction to stop Arizona from using state laws against federally regulated firms. Arizona actions heighten systemic risk concerns, challenging federal oversight, Selig warns. DOJ joins CFTC targeting 3 states, signaling broader push to enforce national jurisdiction. Federal Regulators Escalate Prediction Markets Jurisdiction Fight Regulatory tensions are intensifying across U.S.…

[ad_1] Key Takeaways: Canary Capital filed with the SEC to launch a PEPE ETF tracking token price via direct holdings. PEPE ETF signals broader push into volatile assets as firms expand beyond bitcoin and ethereum. SEC filing warns PEPE lacks utility, raising risks of manipulation and unstable long-term valuation. Canary Capital Files PEPE ETF With…

[ad_1] Cash App, Square, and Bitkey, all part of Jack Dorsey’s Block, are kicking off Bitcoin Day, a $1 million Bitcoin giveaway encouraging users to buy, spend, and self-custody the digital asset through their platforms. The campaign, teased last Friday, runs from April 6 through April 10 but it will close early if $1 million…

[ad_1] The seven House members may have affirmed the commission‘s authority over prediction markets, but asked questions about its inaction on insider trading. Seven members of the US House of Representatives sent a letter to Commodity Futures Trading Commission (CFTC) Chair Michael Selig, asking for information on the agency’s inaction on insider trading on prediction…

[ad_1] Key Takeaways: The State Duma introduced 3 crypto bills capping non-qualified investors at $3,730 in yearly buys. Tax reporting on cryptocurrency transactions will be mandatory, and illegal crypto use will be punishable with fines and up to a 2-year ban. Cifra Markets’ Alexey Korolenko predicts an upcoming purge, with many Russian exchanges closing soon.…

[ad_1] Drift Protocol, the decentralized exchange (DEX) that lost an estimated $280 million in an exploit last week, claims the loss was the result of a six-month, highly coordinated attack. “The preliminary investigation shows that Drift experienced a structured intelligence operation requiring organizational backing, significant resources, and months of deliberate preparation,” Drift said in an…

[ad_1] Top brokerage Charles Schwab, which oversees over $12 trillion in client assets, is preparing to launch the Schwab Crypto account for buying and selling Bitcoin and Ethereum. Schwab’s spot crypto trading is expected to go live later this quarter, as confirmed by CEO Rick Wurster during an earnings call last year. Schwab plans to…

[ad_1] A Nevada judge has reportedly extended a ban preventing Kalshi from offering event-based contracts in the state, ruling that the products constitute unlicensed gambling under state law. Judge Jason Woodbury said at a hearing in Carson City on Friday that he will grant a preliminary injunction requested by the Nevada Gaming Control Board, barring…

[ad_1] CFTC-DOJ Lawsuits Target State Control Over Prediction Markets Authority The Commodity Futures Trading Commission (CFTC), the U.S. derivatives regulator, and the Department of Justice (DOJ) filed lawsuits on April 2 against three states targeting prediction markets. The agencies challenged Arizona, Connecticut, and Illinois, aiming to reaffirm exclusive federal jurisdiction over designated contract markets offering…