In recent developments, the Commodity Futures Trading Commission (CFTC) has turned its scrutiny towards prominent trading platforms like Crypto.com and Kalshi. The commission requires clarity on how these companies’ Super Bowl event contracts adhere to compliance regulations for derivatives. This increased vigilance is rooted in the CFTC’s legal authority, which allows it to request additional
Crypto
The Thailand Securities and Exchange Commission (SEC) is on the verge of a significant transformation in its trading infrastructure by introducing a Distributed Ledger Technology (DLT)-based debt instrument trading system. This initiative marks a pivotal move towards modernizing the country’s financial markets and enhancing the trading environment for digital tokens. With the aim of promoting
In a groundbreaking case that sheds light on the vulnerabilities inherent in the decentralized finance (DeFi) space, Canadian Andean Medjedovic, aged 22, has been charged with executing a sophisticated scheme to defraud two DeFi protocols: Indexed Finance and KyberSwap. The U.S. Department of Justice (DOJ) officially unveiled the charges on February 3 by releasing a
Despite entering its sixth year with an ever-growing user base, Pi Network continues to attract both interest and skepticism within the cryptocurrency landscape. With over 100 million downloads and significant community engagement, particularly in Asia, this project is making bold claims while still navigating the complexities of its operational landscape. Users are still anxiously awaiting
Bitcoin’s recent trajectory has resembled a high-adrenaline amusement park ride, characterized by sudden climbs and sharp descents. On Monday, the flagship cryptocurrency faced a staggering plunge, with its value sinking by $10,000 before making a partial recovery. This volatile pattern was mirrored across the altcoin market, where many assets also experienced comparable fluctuations. Despite these
In an effort to navigate a significant debt crisis estimated at nearly $200 million, THORChain has enacted critical changes to its governance framework, marking a pivotal point in its operational strategy. The decentralized cross-chain liquidity protocol recently passed Proposal 6, which aims to address the adverse financial situation caused by increased debt load associated with
In a bold declaration, Elon Musk, who heads President Donald Trump’s Department of Government Efficiency (D.O.G.E.), has directed serious accusations at the U.S. Treasury, claiming it is facilitating fraudulent payments. His statements, which erupted on February 2 via X, accused career officials of engaging in illegal activities, specifically approving unauthorized payments that may enrich dubious
The cryptocurrency markets are known for their volatility, and recent events have underscored this reality, particularly for Ripple (XRP). On February 3, XRP saw a significant price drop, plummeting from a high of $2.40 to a troubling low of $2.00. This represented a stark daily decline of 15%, causing ripples of concern among investors. For
In the digital age, financial markets are often influenced by political decisions, and the recent tariff policies initiated by President Donald Trump seem to bear significant implications for the cryptocurrency sector, particularly Bitcoin. Jeff Park, Head of Strategy at Bitwise, posits that the introduction of these tariffs could serve as a formidable catalyst for Bitcoin’s
The cryptocurrency landscape has shown significant volatility recently, with meme coins facing particularly severe downturns. As of February 3, several prominent figureheads in the meme coin arena, including Shiba Inu (SHIB), Bonk Inu (BONK), and others like Floki (FLOKI) and dogwifhat (WIF), have experienced alarming price drops. The total market capitalization of the meme coin