CFTC Draws the Line Between Prediction Markets and Gambling in New Rules
A proposed rule would expressly fold event contracts tied to sports, politics, culture and weather into the “swap” definition, while an interim...
News
Reporting, research and analysis from across the web3 ecosystem.
This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million
The Bermuda-based insurer, which runs entirely on Bitcoin, drew the funding from existing backers led by Bain Capital Crypto after a record year...
Here’s a Way to Predict When AI Chatbots Will Turn Bad
Physicists at George Washington University say a formula can estimate when an AI chatbot will flip from good answers to bad ones, and early tests...
French Committee Backs Stablecoin Swap Tax and Crypto Exit Tax, Then Rejects the Budget
A National Assembly committee adopted amendments taxing stablecoin swaps and crypto exits by wealthy holders, then rejected the 2027 budget's...
OpenAI and Anthropic Are Quietly Rehearsing for the Day After an AI Catastrophe
Executives are war-gaming the political fallout of a major AI-driven cyberattack and preparing to brief Congress fast if and when necessary.
Senate Democrat Presses Cantor Fitzgerald on Tether Ties and Lutnick Family Profits
Sen. Richard Blumenthal wants Cantor Fitzgerald to open its records on Tether and on how much Commerce Secretary Howard Lutnick's family has...
Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives
The crypto platform filed for designated contract market and futures commission merchant licenses, which would let it run its own regulated...
Bitcoin Rebounds After Rough Week, But Traders Are Pricing In More Downside
Bitcoin bounced after dipping to around $80,000. Traders are placing increasingly high odds BTC slips further before October is over.
Ethereum L2 Starknet Jumps 20% After Saying It Wants to Become an L1
Starknet is "actively considering" becoming its own blockchain, a move it says would make it the first fully quantum-resistant network by 2027.
DWF Labs Subsidiaries Sue BitGo for $141 Million Over Early Token Sales
The DWF Labs-linked firms allege in London’s High Court that BitGo sold discounted Falcon Finance and ESPORTS tokens roughly two months before...
New York AG Secures Up to $35M and Industry Ban From Ex-Celsius CEO Alex Mashinsky
Mashinsky owes New York $25 million if he fails to forfeit another $10 million, and $10 million more if he doesn't serve his full sentence.
Ledger Probes Potential Theft of $87M in User Funds Tied to Crypto Wallet Reseller
Ledger asked reseller CryptoBilis to pause sales and urged recent buyers not to set up their devices, as an onchain investigator tracked more than...
Bitcoin Bleeds in Uptober—How Low Can It Go? Experts Weigh In
Experts highlight several support levels, from $83,000 down to $72,000, that Bitcoin may need to test in a bearish start to Uptober.
UK Targets Cryptomus and TokenSpot in New Russia Sanctions Package
The package hits five crypto and payment platforms, two of which handled transactions with Russia’s A7 network, the UK government said.
Morning Minute: Uptober Turns Sour as Crypto Majors Slide
Is this the beginning of a bigger selloff with the anniversary of 10/10 looming? Or just a leverage flush before the next leg up?
Empire Market Co-Creator Sentenced to 40 Years Over $430M Dark Web Bazaar
Raheim Hamilton forfeited some 1,230 BTC. His co-creator Thomas Pavey, who agreed to forfeit 1,584 BTC, is due to be sentenced this month.
SIM-Swap Fraudster Who Spent Stolen Crypto on Gold Grills and Dubai Trips Jailed
Ajay Shinjin helped steal nearly $265,000 in crypto after criminals hijacked BT customers' phone numbers in November 2021.
AI Startup Manus Raises $500 Million After China Nixed Meta’s $2 Billion Acquisition
Manus built a self-driving AI assistant before the hype, sold itself to Meta, then watched Beijing unwind the deal. Its first fresh money since:...
Google Wants Gemini to Be Your Next Coworker—Complete With Its Own Email Address
Google Cloud unveiled a single Gemini agent that takes goals instead of questions, works in the background for days, and can join a company as a...
Ethereum Test Network Raises Block Limit to Over 3x Its Current Capacity
Ethereum's Sepolia test network activated Glamsterdam on October 6 with a block gas limit near 200 million, over three times mainnet's 60 million.
NFL Sides With States Against Kalshi in Supreme Court Prediction Market Fight
The NFL urged the Supreme Court to resolve a circuit split over whether states can regulate sports contracts on prediction markets, arguing...
Satoshi-Era Bitcoin Worth $8.3 Million Moves After 16 Years
A batch of 100.02 BTC mined in July 2010 moved Wednesday after 16 years. It's worth about $8.3 million, but nothing in the transaction shows who owns it.
Solana DeFi Firms Orca and Loopscale Merge Under New Formation Brand
Solana DEX Orca and lending platform Loopscale will operate as Formation, a New York company aiming to finance AI, energy, robotics and defense...
Bitcoin ETFs Suffer Worst Loss Since June as Uptober Turns Red
Investors yanked $484.9 million out of spot Bitcoin ETFs in a single day. Oil is near $100, bond yields are at their highest since 2002, and the...