The agency says that victims of an investment offering involving Gemini Trust got their money back, though after a regulatory action brought by the New York attorney general.
Billions of dollars are trading hands on sites like Polymarket and Kalshi, where people bet on everything from Taylor Swift’s wedding date to election outcomes.
On prediction markets like Polymarket and Kalshi, people can place wagers on virtually anything, from the outcomes of sports matchups and political elections to the date of Taylor Swift’s wedding.
The top executive of the crypto exchange Coinbase scuttled a planned Senate committee vote on a major cryptocurrency bill after voicing his concerns, a sign of the company’s clout.
A planned vote on a cryptocurrency bill on Thursday was canceled after Brian Armstrong, Coinbase’s chief executive, objected to the measure in a social media post on Wednesday evening.
The president has backed policies that allow the industry to grow unfettered. The mutually beneficial alliance is causing concern among some conservatives.
Do Kwon, a crypto entrepreneur who went on the run after the crash of two virtual currencies that he created, was escorted by Montenegro police in 2024.
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