Federal regulators are drawing a sharp line between casino-style gambling and event contracts in derivatives oversight. The Commodity Futures Trading Commission says it published an interim final rule codifying the exclusion of casino-style gambling products, including sportsbooks and casino games, from the swap definition. The regulator says casino-style gambling products are not derivatives. Says CFTC …
Category archives: Trending Crypto news
Ledger confirms unauthorized hardware implant; losses may exceed $86M
Ledger said the incident appeared to be isolated to a single reseller and its Southeast Asian market. Hardware wallet maker Ledger, which has been investigating reports of crypto losses involving its devices purchased from a Southeast Asian reseller, confirmed that one of the impacted users’ devices contained an unauthorized hardware implant. Ledger said in a …
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CFTC proposals aimed at separating prediction markets from casino gambling
The two measures attempt to set the stage for a potential US Supreme Court battle over federal and state jurisdiction. The Commodity Futures Trading Commission (CFTC) has issued two proposals, one that would define event contracts as “swaps” under federal law and another that excludes traditional casino gambling from that definition. Several states have sued …
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Justin Sun Shares AI and Quantum Vision at TOKEN2049 Singapore and Blockworks DAS Asia
Geneva, Switzerland, October 10, 2026 — TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), participated in TOKEN2049 Singapore as Title Sponsor and in Blockworks’ Digital Asset Summit (DAS) Asia 2026 at the Marina Bay Sands. TRON Founder Justin Sun joined fireside discussions at …
NY AG Secures $35,000,000 and Lifetime Crypto Ban From Ex-Celsius CEO for Investor Fraud
New York officials are securing millions in payments and a lifetime ban from the securities and cryptocurrency industries from a former crypto lending platform executive for defrauding investors. The New York Attorney General says Alex Mashinsky misled hundreds of thousands of investors, including more than 26,000 in New York, about platform safety while using their …
Boston Official Charged with Wire Fraud for Fabricated PPP Loan Application
Federal prosecutors have charged a Boston public official with wire fraud for allegedly submitting a fabricated application to obtain pandemic relief funds. Reuben Taylor, 40, of Boston, has agreed to plead guilty to one count of wire fraud after claiming nonexistent employment as an auto mechanic on his loan request, says the U.S. Attorney’s Office …
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Texas Jury Convicts Indian National in $150,000,000 Elder Fraud Scheme
Federal prosecutors have secured a conviction against an Indian national for laundering proceeds from a massive call center scam that targeted elderly US victims. Bhavesh Kumar Thakkar, 45, was found guilty on two counts of wire fraud and money laundering after acting as a US-based coordinator who received and moved cash and gold from victims, …
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Arizona Sues TikTok, Alleging App Was Engineered To Get Kids Addicted and Hide the Harms
A state is suing one of the world’s biggest social media apps over allegations that it was built to get children and teens addicted while hiding the toll on their mental health. The lawsuit accuses TikTok and parent company ByteDance of using infinite scrolling, auto-play, push notifications and appearance-altering filters to keep minors on the …
Oracle Health Breach Exposes Nearly 20,000,000 Patient Records Across Up To 80 US Hospitals – Names, SSNs and Medical Data at Risk
A major health-tech firm has exposed the personal and medical data of nearly 20 million people after a hacker broke into outdated hospital servers. Oracle Health, which runs systems formerly operated by Cerner, confirmed that an unauthorized person reached two legacy Cerner servers that had not yet moved to Oracle Cloud, reports HIPAA Journal. Cerner …
Tech chief says EU can fend off rogue AI risk: Report
There are global concerns following incidents at OpenAI and Anthropic, and fears have arisen that rogue AI agents may venture beyond human control. European Union rules on AI use are more than capable of dealing with rogue agents, EU tech chief Henna Virkkunen said. There are global concerns following incidents at OpenAI and Anthropic, and …
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Sam Altman-backed Bitcoin life insurer, Meanwhile, raises more funds
The round follows increased international demand for Meanwhile’s Bitcoin life insurance policies amid broader macro instability. Meanwhile, a life insurer licensed to operate completely in Bitcoin, announced $37.5 million in new funding from existing investors. Bermuda-based Meanwhile, whose backers include OpenAI CEO Sam Altman, has now raised more than $180 million. Bain Capital Crypto led …
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MEXC and Payward Highlight Collaboration as Crypto and TradFi Converge at TOKEN2049
October 9, 2026 – MEXC,a pioneer in 0-fee digital asset trading, and Payward, the parent company of Kraken, shared their perspectives on the convergence of crypto and traditional finance during a TOKEN2049 Singapore panel. MEXC CEO Vugar Usi Zade and Payward Co-CEO Arjun Sethi, discussed how broader market access, retail demand and collaboration between platforms …
US plans to seize $1B in crypto linked to Iran this week: Scott Bessent
The Treasury Department has announced several digital asset seizures related to sanctions on Iran as part of US sanctions. US Treasury Secretary Scott Bessent said that the country was “probably gonna seize a billion dollars of crypto this week” as part of its crackdowns on Iran. Speaking at the Newsmax Policy Summit on Thursday, Bessent …
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New York permanently bars Celsius founder Mashinsky in $35M fraud settlement
The agreement resolves a 2023 civil fraud lawsuit against the Celsius founder and permanently bars him from the cryptocurrency, securities and commodities industries. Former Celsius CEO Alex Mashinsky has been permanently barred from the cryptocurrency, securities and commodities industries under a settlement with New York Attorney General Letitia James that includes up to $35 million …
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THORChain exec accuses Tether of temporarily freezing USDT vaults
Chad Barraford, technical co-founder of the network, said that the funds were frozen and then unfrozen without explanation. THORChain technical co-founder Chad Barraford accused stablecoin issuer Tether of blacklisting the network’s USDt (USDT) vaults without explanation, then unfreezing them hours later. In a Friday X post, Barraford said that Tether had blacklisted THORChain vault addresses, …
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