by Michael
Key TakeawaysAbout 1,600 customers contributed at least $397 million.The SEC alleges at least $425 million was raised from over 1,300 investors.The CEO already pleaded guilty to federal criminal charges. Customers Put at Least $397 Million Into Alleged Crypto Scheme... 
by Michael
Key TakeawaysCryptolink cannot operate its 96 crypto ATMs for three months.AUSTRAC cited failures involving required transaction reports.The company already paid a fine and agreed to a compliance deal. Why Did AUSTRAC Shut Down Cryptolink’s 96 Crypto ATMs?... 
by Michael
Key TakeawaysThe SEC votes Aug. 14 on new crypto fundraising rules for startups and other issuers.The Senate’s Clarity Act faces a 60-vote cloture test on Sept. 15 after stalling in August.CFTC Chair Michael Selig says the agency will write crypto rules regardless of... 
by Michael
Key TakeawaysJudge Vernon Oliver held Kalshi’s sports contracts are not swaps under the CEA.Sports contracts were 80% to 90% of Kalshi’s listings and revenue, the order says.The CFTC has never reviewed a single Kalshi sports contract under its special rule. Not Swaps,... 
by Michael
Key TakeawaysKostas Chalkias says he leased a factory to build quantum-safe Sui wallet cards at scale.The target: under $10 per quantum card key and 1-2 seconds per NFC quantum signature.The move follows a Coldcard firmware flaw that drained about $130 million in BTC... Translate »
