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BIS Sounds Alarm On Dollar Stablecoins And Banking System Risks
The Bank for International Settlements (BIS) has cautioned that a US dollar-backed stablecoin could threaten financial stability, a report reveals. Pablo Hernández…
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Wisconsin Sues Kalshi, Coinbase, And Others Over Prediction Markets
Wisconsin has launched legal action against several major prediction market platforms, arguing that their products operate as illegal gambling rather than regulated…
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Market Volatility Grows As Companies Pull Back On Dividends and Listings
Global financial markets are once again feeling the ripple effects of geopolitical instability as the ongoing Middle East conflict forces major companies…
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CFTC Sues New York Over Crackdown On Prediction Market Platforms
A growing dispute over who controls prediction markets in the United States intensified on Friday after the Commodity Futures Trading Commission filed…
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Russia Advances Crypto Bill To Enable Cross-Border Payments Amid Sanctions
Russia’s State Duma has approved a Digital Currency and Digital Rights Bill in its first reading, a report revealed. This landmark bill…
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Crypto.com Launches First Crypto-Native IRA
Crypto.com has announced the launch of Crypto.com IRAs, the first crypto-native mixed-asset retirement account that will allow users to invest in stocks…
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Crypto Lender Nexo Relaunches In U.S. Market Following SEC Clash
Crypto firm Nexo has resumed operations in the U.S. market after a three-year absence triggered by regulatory action, Reuters revealed. In 2023,…
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Ethereum Foundation Signals Confidence With A Record $46.2M ETH Staking
The Ethereum Foundation (EF) has staked over $46.2 million worth of ETH, the single largest deposit in a bid to reach its…
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IMF Warns Tokenisation Could Disrupt Global Finance With New Crypto Risks
The International Monetary Fund (IMF) has warned against tokenisation, a news report revealed. IMF notes that putting real-world assets like money, bonds,…
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Private Credit Turbulence Raises Questions For U.S. Banks
The Federal Reserve is stepping up its oversight of the financial system by asking major U.S. banks to disclose their exposure to…