In brief Christopher Harborne, who holds a 12% stake in Tether, gave Nigel Farage an undisclosed £5 million personal gift in 2024. The payment was intended to cover security costs for the Reform UK leader, Farage said. The revelation emerges weeks after the UK banned political crypto donations over transparency concerns. Christopher Harborne, a billionaire…
Dogecoin’s latest rebound resembled bounces witnessed in mid-2023, raising the odds of a rally toward $0.33 in the coming weeks. Source link
In brief OpenAI faces a lawsuit alleging ChatGPT played a role in a February mass shooting in British Columbia. Plaintiffs say OpenAI’s safety team urged the company to alert police months before the attack. The case could test whether AI companies must report violent threats to law enforcement. OpenAI is facing a new lawsuit alleging…
In brief Canada’s Department of Finance is pushing for a sweeping ban on Bitcoin and crypto ATMs, in an attempt to clamp down on a growing number of scams. The measure would still allow Canadians to exchange cash for crypto at brick-and-mortar stores, where employees are present. The government’s proposal comes amid similar measures enacted…
Prediction markets are becoming one of the most active onchain applications, with retail users driving most activity even as participation across much of the broader digital asset market remains subdued. According to a new report by Bitget Wallet and Polymarket, monthly trading volume reached $25.7 billion in March, with more than 80% of users classified…
In brief MoonPay acquired Sodot, a crypto key management infrastructure company, in an all-stock deal reportedly worth about $100 million. The acquisition forms the foundation of MoonPay Institutional, a new division targeting financial institutions entering digital asset markets. Caroline D. Pham, former acting CFTC Chairman and current MoonPay Chief Legal Officer, will lead the institutional…
Crypto payments platform MoonPay is launching an institutional unit after acquiring Sodot, an Israeli crypto security infrastructure provider. MoonPay on Wednesday announced the acquisition of Sodot, using Sodot’s key management technology as the core infrastructure layer of its new business serving financial institutions, asset managers, trading firms and exchanges entering digital asset markets. “We built…
In brief Polymarket has reportedly approached the CFTC to lift the four-year ban on its main on-chain exchange. The agency’s only sitting commissioner, Chair Michael Selig, is positioned to decide on it alone. Observers say the move could pull on-chain markets into U.S. finance but risks setting a fragile precedent. Polymarket, one of the largest…
KuCoin EU has appointed a new Anti-Money Laundering (AML) chief and expanded its compliance team in Vienna, weeks after Austrian regulators barred the exchange from taking on new business under Europe’s Markets in Crypto-Assets Regulation (MiCA) regime. The MiCA-licensed entity named Carmen Kleinhans as its Anti-Money Laundering officer, alongside two deputy AML officers drawn from…
In brief Visa added Arc, Base, Canton, Polygon, and Tempo to its global stablecoin settlement pilot, bringing the total supported networks to nine. The payment giant’s blockchain settlement volume reached a $7 billion annualized run rate, marking 50% quarter-over-quarter growth. Visa now operates more than 130 stablecoin-linked card programs across more than 50 countries. Visa…