Nigeria’s SEC to crack down on unregulated crypto exchanges
Nigeria’s SEC will enforce regulations on unregulated crypto businesses as it aims to protect investors and encourage innovation in the growing market.
Nigeria’s SEC will enforce regulations on unregulated crypto businesses as it aims to protect investors and encourage innovation in the growing market.
PleasrDAO claims Martin Shkreli hasn’t handed over all existing copies of a one-of-one Wu-Tang album, alleging he publicly boasted about giving copies to “like, 50 different chicks.”
According to Cointelegraph, the United States Commodity Futures Trading Commission (CFTC) has urgently filed an emergency motion to prevent Kalshi, a US prediction market, from offering election betting contracts. This action follows a judge's decision to overturn a previous order that halted Kalshi’s election markets.In a court filing dated September 6, the CFTC requested an “emergency stay” of the court’s decision that overturned its order prohibiting Kalshi from listing its election contracts for trading. The regulator argued that without the court’s detailed reasoning, it cannot make an informed decision on whether to appeal or fully brief a motion for a stay pending any forthcoming appeal.The CFTC emphasized the urgency of the matter, stating that Kalshi is expected to immediately list the relevant election contracts and begin trading as soon as they are listed. The regulator supported its request by noting that Kalshi had already announced on its homepage that “Election Markets are Coming to Kalshi!”The filing coincides with Judge Jia Cobb of the US District Court for the District of Columbia ruling in favor of Kalshi, allowing the platform to offer products that enable people to bet on the outcome of the US election on November 4. Following the ruling, Kalshi published an announcement on its website.Jake Chervinsky, chief legal officer at Variant Fund, commented on the ruling in a September 7 post, describing it as a “HUGE win” for Kalshi. However, he also expressed a desire to see the judicial opinion before making further comments. Chervinsky suggested that the best way to address regulatory overreach is to file more lawsuits.The CFTC initially submitted the order in September 2023, arguing that the contracts involve gaming and activities that are unlawful under state law and contrary to the public interest.
Ripple CEO Brad Garlinghouse says that Japan’s efforts on regulatory clarity have allowed “entrepreneurship and investment to really thrive.”
The CFTC asked the court to block Kalshi from offering election betting contracts until it reviews the reasoning for the denial of its order.
Musk previously signaled he was ready and willing to serve if Donald Trump is elected president of the United States.
Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.
OpenAI is looking to introduce more expensive subscription plans for upcoming large-language models like the Strawberry and Orion AI models.
US citizens can now reportedly use Kalshi to bet on the upcoming election through derivatives after a judge overturned the CFTC’s decision.
According to BlockBeats, former U.S. Treasury Secretary Lawrence Summers commented on September 7 that while the August non-farm payroll report was not particularly poor, it has made predicting the Federal Reserve's potential rate cut this month more challenging.In an interview, Summers stated, 'Although the data does not show significant weakness, if you are concerned about recent statistical trends, these figures certainly do not provide assurance of economic health.' He added, 'Compared to my guesses from one or two months ago, the probability of a 25 basis point and a 50 basis point rate cut in September now seems closer.'Summers emphasized that the initial scale of the Federal Reserve's action is not crucial. Officials will closely monitor the development of the economic outlook and adjust policies accordingly. He noted, 'If the economy weakens significantly, they will cut rates substantially. If the economy does not weaken significantly, they may proceed with rate cuts at roughly one meeting at a time.'