Polymarket is disputing that the US mission to capture Nicolás Maduro constituted an “invasion”, refusing to pay out bets on a contract with $10.5M in wagers
Prediction market disputes US raid amounted to an invasion in fight over more than $10.5mn in wagers
How the crypto industry is adapting to the recent wave of kidnappings: more conference security, bodyguards, armored vehicles, social media monitoring, and more
that's more than JPMorgan, Goldman Sachs and Nvidia spent on their bosses *combined* https://www.bloomberg.com/... Forums: r/CryptoCurrency : Crypto millionaires are hiring bodygua...
Crypto executives say EU's MiCA crypto regulation may end up draining liquidity from markets without achieving EU's goals like preventing money laundering
- Executives are concerned that removing USDT will sap liquidity — European Union cryptoasset regulations set to take full force …
An ex-staffer sues Binance for dismissing her for allegedly raising concerns about a co-worker taking a bribe; Binance says she was fired for poor performance
Bloomberg :
France's gambling regulator says it is “aware” of Polymarket and is “currently examining its operation and compliance”, after user Fredi9999 made a ~$48M profit
- Inquiry follows publicity around French trader's huge bets — New evidence on whale's profit grows haul to $78 mln
SportQuake: crypto companies, exempt from tighter gambling rules, have spent a record of almost £130M on Premier League sponsorship deals for the 2024/25 season
a helpful new source of revenue as clubs seek to sunset gambling deals. (yes, i finally managed to write a feature about football) https://www.bloomberg.com/...
The UK FCA fines Starling Bank £29M over its “shockingly lax” controls against financial crime, like potential money laundering and sanctions breaches
FCA said lender's efforts to identify potential money laundering ‘did not keep pace’ with its growth
Revolut plans an ad sales push, expects to derive a “proper chunk” of its revenue from targeted ads, and hires an ex-TikTok executive to lead its media strategy
Akila Quinio / Financial Times :
Marc Andreessen, Chris Dixon, Galaxy Digital, and others invest $75M in crypto fund 1kx, which has raised ~$200M since 2018 and invested in Rarible and more
- 1kx is targeting areas including crypto consumer applications — VC funding has been slower to recover than crypto prices
Sources: Binance's efforts to re-enter the UK market are being frustrated after UK's financial regulator expressed concerns to prospective local partners
Sources: Tiger Global cut valuations of its portfolio companies in September 2023, including Superhuman by 45%, DuckDuckGo 72%, Yuga Labs 69%, and OpenSea 94%
The nearly $13 billion Private Investment Partners 15 fund marked down AI-powered email company Superhuman by 45% and cut …
A look at Changpeng Zhao's rapid downfall, from triggering FTX's collapse a year ago and posting a dismissive “4” to news of breaking US laws to pleading guilty
@cz_binance on his departure https://www.bloomberg.com/... [image] Tim Copeland / @timccopeland : here's what CZ said on stage in London in 2019 [image]
Binance and CZ plead guilty to federal charges as part of a $4.3B settlement with the US DOJ; charges include violating sanctions and anti-money laundering laws
- The U.S. Department of Justice has brought criminal charges against Binance and its billionaire founder and CEO, Changpeng Zhao.
Sources: the US DOJ seeks $4B+ from Binance as part of a proposed resolution of a years-long probe; CZ would still potentially face criminal charges in the US
Analysis: Binance founder Changpeng Zhao's Industry Recovery Initiative, aiming to raise $1B after FTX collapsed, deployed less than $30M since November 2022
- IRI has invested less than $30 million, wallet analysis shows — Project had big-name backers like Jump Crypto, Animoca
Analysis: Binance founder Changpeng Zhao's Industry Recovery Initiative, aiming to raise $1B after FTX collapsed, deployed less than $30M since November 2022
- IRI has invested less than $30 million, wallet analysis shows — Project had big-name backers like Jump Crypto, Animoca
As the UK FCA widens its financial promotions rules for crypto, Coinbase, OKX, Binance, and others partner with UK companies to try to keep serving UK customers
penalties range from web/app takedowns to fines & prison https://www.bloomberg.com/... LinkedIn: Oliver Scherenberg : 🚨 The U.K. Financial Conduct Authority (FCA)'s new regulation ...
Analysis: Binance founder Changpeng Zhao's Industry Recovery Initiative, aiming to raise $1B after FTX collapsed, deployed less than $30M since November 2022
- IRI has invested less than $30 million, wallet analysis shows — Project had big-name backers like Jump Crypto, Animoca
As the UK FCA widens its financial promotions rules for crypto, Coinbase, OKX, Binance, and others partner with UK companies to try to keep serving UK customers
penalties range from web/app takedowns to fines & prison https://www.bloomberg.com/... LinkedIn: Oliver Scherenberg : 🚨 The U.K. Financial Conduct Authority (FCA)'s new regulation ...
An investigation details FTX staff's all-night race to stop a crypto heist as the exchange collapsed, ultimately losing $415M to $432M to unidentified hackers
The same chaotic day FTX declared bankruptcy, someone began stealing hundreds of millions of dollars from its coffers.