The ruling leaves New York’s case against Kalshi in place while allowing the CFTC to renew its request before Judge Victor Marrero. Judge Jed S. Rakoff denied without prejudice an emergency Commodity Futures Trading Commission (CFTC) request for a temporary restraining order that would have blocked New York from pursuing its enforcement case against prediction...Continue Reading

The framework specifies how existing tax obligations apply to crypto disposals and rewards, with some withheld amounts payable in the originating token. Nigeria’s revenue agency has issued rules requiring crypto platforms and peer-to-peer (P2P) marketplaces to collect, report and remit taxes, including paying some withheld amounts in digital tokens. In its Guidelines on Taxation of...Continue Reading

Crypto executives say restricting powerful AI models may initially be justified, but it doesn’t make sense as open-source alternatives become more capable. Crypto’s biggest players are still waiting to gain access to powerful new AI models to strengthen their code from attacks, but only a select few have been able to get it.  US crypto...Continue Reading

Galaxy Research said 90% of the stolen Bitcoin remains unmoved as investigators examine a suspected fourth wave that could lift losses to $130 million. Confirmed losses from the Coldcard wallet incident have exceeded $100 million, with 1,596 Bitcoin (BTC) stolen from about 7,300 addresses across three separate major attack waves and 14 smaller incidents, according...Continue Reading

Bitmine said it now holds about 4.8% of Ether’s circulating supply as it pursues its 5% acquisition target. Ether treasury company Bitmine Immersion Technologies bought another 10,399 Ether last week and repurchased 4.5 million of its shares as it continued its crypto accumulation and stock-buyback program. On Monday, Bitmine said it held 5,797,813 Ether (ETH)...Continue Reading

Mastercard said the tie-up would help banks, fintechs and enterprises expand stablecoin payments, payouts, settlement and treasury services. Mastercard has completed its acquisition of stablecoin infrastructure company BVNK, closing a deal valued at $1.8 billion. On Monday, Mastercard said the acquisition combines its global network with BVNK’s onchain infrastructure to connect digital currencies with fiat...Continue Reading

Fake romance crypto investment scams net $9 million in a single week in Hong Kong, as Malaysian authorities lose it over a crypto conference’s after-party. HONG KONG An insurance agent in Hong Kong was fleeced out of $3.3 million after her fake online boyfriend convinced her to invest in a fraudulent crypto application. There were...Continue Reading

The non-custodial protocol said attackers are discovering and adapting exploits faster than its small development team can identify and patch them. Boltz, a non-custodial Bitcoin swap service, says it is disabling its service until further notice after a rise in AI-assisted hacking attempts over the last few months. In a post to X on Monday,...Continue Reading

The boutique brokerage will focus on high-net-worth clients rather than competing with retail crypto exchanges. Caleb & Brown, an Australian crypto brokerage owned by the Swyftx Group, has entered the UK market, expanding its services for wealthy investors beyond Australia and the US.  The expansion comes a year after the boutique digital asset brokerage was...Continue Reading

A key architect of the Trump administration’s digital asset agenda is leaving the Treasury Department as Congress struggles to advance landmark crypto legislation. Tyler Williams, a senior US Treasury official overseeing digital asset policy and a key adviser to Treasury Secretary Scott Bessent, has left the department, according to a Monday report by Punchbowl News....Continue Reading