The action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an illegal gambling operation.
Crypto companies are moving deeper into financial services traditionally dominated by banks, seeking a role in US derivatives settlements, where billions of dollars change hands daily.The push comes...
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Key TakeawaysNubank secured a Brazilian banking license, allowing it to legally keep its name under new regulations.The license solidifies its dominance in Brazil, where it invested $7.9B and...
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Key TakeawaysBitcoin treasury firm Nakamoto’s $165M Kraken debt now exceeds its $92M market cap amid a crypto downturn.Nakamoto extended the loan maturity to 2027 to manage volatility and...
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Key TakeawaysPayward’s Q3 adjusted EBITDA fell 66% YoY to $60M, even as funded accounts rose 37%.Kraken is expanding into prediction markets, 700+ tokenized stocks, and AI-powered finance.Diversification now...
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Key TakeawaysTwenty One Capital posted $1.087 billion in Q3 profit, largely from unrealized bitcoin gains.Twenty One Capital shares fell on the day despite strong earnings, while operating cash...
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