The American Gaming Association expects citizens to wager $29.5 billion with regulated sportsbooks on the 2026 NFL season, the first one without meaningful growth since the Supreme Court struck down the federal betting ban in 2018. The trade body attributes the stall to prediction markets, which it calls “backdoor sports betting.” Trade Body Forecast Lands …
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The Swedish Tax Agency ordered six cryptocurrency mining entities to pay approximately $56.5 million in back taxes and penalties. Audit Uncovers Systemic Tax Evasion The Swedish Tax Agency (STA) has reportedly imposed approximately $56.5 million (540 million Swedish kronor) in back taxes and penalties on six cryptocurrency mining companies operating in Boden following an investigation …
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Chris, the pseudonym the British man gave to the media, managed to reclaim his bitcoin stash after a legal fight with Intersango, formerly known as Britcoin, an exchange that shut down operations in 2014. While it was under Intersango’s custody, his investment grew to 3.3 million pounds ($4.4 million). Man Recovers Multi-Million-Dollar BTC Fortune After …
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While bitcoin’s price has risen a great deal over the last month, and Wall Street, die-hard crypto proponents, and even AI chatbots are bullish, prediction market bettors are expecting BTC prices to stay volatile and rather boring throughout the rest of the year. Prediction Markets Still See a Shaky, Sideways Road Ahead Over the last …
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Tether’s Alloy gold-backed synthetic dollar reserves have crossed $210 million, according to the company’s transparency materials. The milestone relates to Alloy and aUSDT, not standard USDT reserves. That distinction matters because Tether’s main stablecoin is fiat-backed, while Alloy uses a different structure: a synthetic dollar overcollateralized by Tether Gold. In simple terms, Alloy is designed …
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Bitwise has filed an amended S-1 registration statement for its spot Ethereum ETF, adding language around staking mechanics, validator operations, slashing risk, and staking-yield accounting. The filing is significant because staking remains one of the biggest unresolved questions around spot Ethereum ETFs. ETH is not just a passive asset. It secures a proof-of-stake network, and …
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Securitize has expanded institutional collateral support for BlackRock’s BUIDL fund across participating crypto prime brokerages, giving tokenized Treasuries another step toward deeper use in trading infrastructure. The expansion means qualified institutional traders can post BUIDL token shares as off-exchange collateral across supported prime brokerage relationships. That matters because tokenized funds become more useful when they …
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Kraken parent Payward has filed to launch CFTC-regulated perpetual futures for eligible U.S. traders through Bitnomial, the Designated Contract Market acquired by the company. The proposed products would cover BTC, ETH, SOL, XRP, and ADA perpetual derivatives, according to Kraken’s announcement. The filing marks an important step because perpetual futures are one of crypto’s most …
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Bangko Sentral ng Pilipinas is weighing a temporary moratorium on new Operator of Payment Systems licenses as part of a wider push to strengthen compliance standards around payment operators and virtual asset service providers. The policy update targets licensing and oversight. It should not be treated as a ban on crypto trading in the Philippines, …
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Bitcoin (BTC) is once again trading like gold as investors hedge against potential inflation, according to new analysis from the digital asset management firm CoinShares. James Butterfill, CoinShares’ head of research, notes that dueling speeches from Federal Reserve chairman Kevin Warsh and Fed governor Christopher Waller left different impressions about the possibility of a September …
A Mexican national could spend up to two decades in prison after pleading guilty to laundering $4 million worth of drug trafficking proceeds via crypto. The U.S. Department of Justice (DOJ) says Carlos Erick Vazquez Gonzalez, 48, earned $40,000 by working with various “money brokers” who had him collect drug profits earned in cities throughout …
JPMorgan Chase is now reviewing whether to launch its own stablecoin. The bank is doing that work on a separate track from a group of 21 banks and financial firms that plan to build a dollar stablecoin for business payments across borders, reports The Wall Street Journal. That group includes Bank of America, Wells Fargo, Citigroup, …
France-listed Capital B has acquired another 376 bitcoin after raising fresh capital from investors including Adam Back and TOBAM. The purchase lifts its bitcoin treasury to 3,521 BTC, even as the market value of those holdings remains below their accumulated cost. Capital B Adds Bitcoin After $33.3M Private Placement Capital B is doubling down on …
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Bitcoin’s relationship with gold is strengthening even as the cryptocurrency becomes less sensitive to rising Treasury yields. Cathie Wood says the shift is reassuring, adding to the case that bitcoin may be maturing into an independent monetary asset rather than trading like a high-beta tech stock. Bitcoin-Gold Correlation Climbs as Treasury Sensitivity Weakens Bitcoin’s price …
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On Sept. 6, two major multinational banking and financial services corporations, DBS and Citi, announced the firms completed a USD payment between Singapore and the U.S. over the weekend, leveraging tokenized deposits via the Swift Digital Ledger. Citi and DBS Put Swift’s 24/7 Digital Ledger to the Test During Weekend Hours The blockchain technology used, …
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