Former FTX head of engineering fined $3.7M to resolve CFTC lawsuit
Singh faced legal action from the SEC, CFTC and US Department of Justice after FTX collapsed in November 2022 but avoided significant prison time by cooperating with authorities.
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Alabama becomes second US state to grant DAOs legal status under DUNA
The legislation “embraces innovation, protects participants, and empowers internet-native communities to compete with big tech incumbents,” said a16z’s Miles Jennings.
Crypto VC Paradigm is developing a prediction market terminal: Fortune
As part of the offering, Paradigm is also exploring an internal market-making desk for prediction market trading and a prediction market index.
Bitcoin’s drawdown is ‘less dramatic’ this cycle, Fidelity says
A shallower Bitcoin trench than previous cycles “indicates a maturing market with reduced volatility and stronger institutional confidence,” said Nick Ruck, director…
Dorsey shares AI-integrated workplace vision weeks after Block’s 40% staff cut
Block cut 4,000 of its staff in February as part of its AI-driven pivot. A new post by Block’s Jack Dorsey has shed light on how the company and others might operate in the…
CFTC’s top enforcer puts prediction market insider traders on notice
“There’s a myth in mainstream media and social media that insider trading doesn’t apply in the prediction markets … That is wrong,” said CFTC enforcement director David…
Quantum computers need far less qubits to crack crypto than thought: Google
Google has updated its estimates of the quantum computing resources needed to break elliptic curve cryptography.
Dubai sets formal rules for crypto exchange-traded derivatives
Dubai’s VARA has set formal rules for crypto exchange-traded derivatives, allowing retail access under suitability checks, margin controls and leverage limits.
Bitmine scoops $147M of ETH in its biggest week of buying this year
Bitmine bought over 71,000 Ether over the past week, adding to the 238,244 Ether it acquired over the previous four weeks.
Polymarket trader makes $67K after UFC announcer briefly mixes up winner
The Polymarket trader quickly bought $676 worth of one-cent shares in Tyrell Fortune winning the fight after he realized the UFC announcer called out the wrong winner.