Kalshi to accept USDC Coin Deposits
Following a court victory, Kalshi launched U.S. election outcome contracts on October 7, a historic first for government-authorized prediction markets. The prediction marketplace Kalshi will begin accepting deposits in USD Coin, a popular stablecoin, as the platform revealed on October 28. This comes as the platform competes for customers in front of the elections that […]
Tether CEO Details USDT Stablecoin Reserves
Tether CEO Paolo Ardoino recently addressed concerns over Tether-USD stablecoin reserves at Switzerland’s PlanB event. Tether CEO Paolo Ardoino, took the stage at Lugano’s PlanB event in Switzerland to present a breakdown of the reserve assets that support the company’s Tether-USD stablecoin. The accusations that the United States Department of Justice and the Treasury were […]
Bitcoin Miner Bitmain Faces Regulatory Crossfire
TSMC stopped chip shipments to Xiamen Sophgo, linked to Bitmain’s Micree Zhan, amid a U.S. sanctions probe involving Huawei. Taiwan Semiconductors Manufacturing Company (TSMC) allegedly blocked chip shipments to Xiamen Sophgo, a Chinese semiconductor company associated with Micree Zhan, the co-founder and chairman of Bitmain. This happens in the midst of an ongoing investigation by […]
Ripple Files Form C for Cross Appeal In SEC Lawsuit
Ripple submitted Form C for a cross-appeal in its SEC case, confirming XRP is not a security, a stance the SEC has not contested. In the ongoing case about XRP with the United States Securities and Exchange Commission (SEC), the blockchain company Ripple has finally submitted Form C for the cross-appeal. Just before the last-minute […]
US Lawmakers Claims Crypto PACs Stifles ‘Important Voices in Congress’
Representative Summer Lee criticized crypto-backed Super PACs funding media Buys that may have contributed to the loss of two Democratic lawmakers in their primaries. Pennsylvania Representative Summer Lee strongly criticized crypto-backed political action committees (PACs) for financing ads that “demonize” candidates in the 2024 primaries, often unrelated to digital assets. During an Oct. 24 virtual event […]