The U.S. Commodity Futures Trading Commission (CFTC) has pushed back against Super Bowl event contracts launched by the exchange Crypto.com and the retail betting market Kalshi. The retail trading giant Robinhood announced on Monday that it planned to roll out a prediction market for the Super Bowl on Kalshi. The company walked back that announcement […]
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The Singapore-based exchange Crypto.com has secured an “in-principle” license to operate under the European Union’s new digital asset regulatory framework. Crypto.com bills itself as the “first major global crypto asset service provider” to receive a Markets in Crypto Assets (MiCA) approval. MiCA is new EU legislation that establishes rules covering the supervision, consumer protection and […]
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The CFTC is considering probes on sports betting event contracts offered by Crypto.com weeks out from the popular Super Bowl match, Bloomberg reports.
The US Commodity Futures Trading Commission is reportedly deliberating on whether it should look into the legality of Crypto.com’s futures contracts allowing bets on football matches, including the upcoming Super Bowl.
The five CFTC Commissioners are voting on whether to pull the contracts into a 90-day review to determine if they violate gaming laws, Bloomberg reported on Jan. 14, citing people familiar with the matter.
The agency can’t immediately stop the trading of the contracts, and any review would wrap up after the Super Bowl on Feb. 9 — but the CFTC could ban the contracts after that.
According to the crypto firm Crypto.com, individuals in the United States can now trade stocks and exchange-traded funds (ETFs) on its platform. The service is gradually being introduced in Pennsylvania, Ohio, Washington, and Arizona, with plans to expand “across the country,” the company announced this week. Crypto.com Gradually Rolls out Stock Trading Feature Crypto.com is […]
This week’s Crypto Biz explores Bitcoin’s landmark year, Crypto.com’s new custody service, Russia’s partial ban on crypto mining and taxes on staking rewards in the US.
Bitcoin has had such a historic year! Nearly 16 years after its network debuted, cryptocurrency solidified its status as a mainstream financial instrument with the approval of 11 exchange-traded funds in January.
The ETFs’ launch marked one of the most successful debuts in history thanks to institutional demand, with Bitcoin-focused funds attracting over $113.5 billion by the end of the year. This influx helped push Bitcoin’s (BTC) price to record highs of $100,000 in December, largely sustained by professional buyers.
The impact was felt across the broader market, with institutional investors leading a rise in over-the-counter (OTC) transactions. Kraken exchange, for instance, has seen a 220% year-over-year increase in its OTC markets. “Long story short, OTC is going gangbusters right now,” reportedly said Tim Ogilvie, head of institutional at Kraken.
Source: CoinGlass
While MiCA’s implementation phase is ending on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA’s total 36-month timeline.
The European Union’s cryptocurrency regulations are set to take full effect in just a matter of days, but there’s still a significant amount of uncertainty on Tether’s USDt stablecoin.
United States crypto exchange Coinbase delisted Tether’s USDt (USDT) in mid-December, citing compliance with the EU’s Markets in Crypto-Assets Regulation (MiCA).
After Coinbase’s USDT delisting, the stablecoin has continued trading across the EU, with many exchanges apparently awaiting more clarity from European authorities on USDT’s compliance with MiCA.
The Singapore-based digital asset exchange giant Crypto.com plans to offer custody services for high-net-worth individuals and institutions in the US and Canada. This week, the exchange announced the launch of a US trust company to enable the new services. Crypto.com also plans to shift all US and Canadian customer digital assets to the new trust […]
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This week, digital currency company Crypto.com made a splash with several announcements. Among them was a partnership with the Salvation Army, coinciding with the busy holiday season of Christmas donations. On top of that, the company debuted its very first sports event trading product and launched its U.S. trust entity, the Crypto.com Custody Trust Company. […]
Crypto.com has announced an extension of its partnership with Formula 1, ensuring their collaboration continues through 2030. Formula 1 and Crypto.com Solidify Long-Term Collaboration Crypto.com, the cryptocurrency platform, which began its association with Formula 1 in 2021, highlighted this renewal as a commitment to fostering innovation and engagement in sports and technology. Since the partnership’s […]
The cryptocurrency exchange filed a suit against the SEC in October after receiving a Wells notice but dropped it the same day its CEO met with the US president-elect.
United States President-elect Donald Trump has met with Crypto.com CEO Kris Marszalek at his home in Mar-a-Lago to discuss policies potentially affecting the cryptocurrency industry.
According to a Dec. 16 X post, Marszalek traveled to Florida to meet with Trump. The pair reportedly discussed the president-elect’s proposal to launch a national Bitcoin (BTC) reserve and appointments in his administration related to the crypto industry.
Crypto.com CEO meeting with Donald Trump on Dec. 16. Source: Kris Marszalek
