100 Coinbase Users Trusted Fake Support and Lost Nearly $16M
A Brooklyn man who posed as a Coinbase representative and stole nearly $16 million from about 100 people has been sentenced to four to 12 years in prison. A judge…
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NY AG Sues Polymarket, Calls Prediction Market Illegal Gambling
New York has sued Polymarket, accusing the prediction market of running an illegal gambling operation while advertising sports betting across all 50 states. New York Attorney General Letitia James’ lawsuit…
NY AG Letitia James Throws a Wrench Into Washington’s CLARITY Act
New York Attorney General Letitia James is leading a bipartisan coalition of 18 states to kill a landmark cryptocurrency bill on the eve of the CLARITY Act Senate vote. The…
New York Warns of Fake Crypto and AI as Scam Losses Hit $8 Billion
New York officials are warning that AI-generated content and fake cryptocurrency projects are making investment fraud more convincing. Reported investment scam losses exceeded $8 billion in 2025, rising 38% from…
CFTC Cites Bitcoin Position in Emergency Order Shielding Kalshi
The Commodity Futures Trading Commission (CFTC) ordered Kalshi to keep running its exchange after finding that New York’s attempt to stop the platform presented a market emergency. The commission cited…
$11 Billion in Crypto Losses Adds Pressure on CLARITY Act
New York Attorney General Letitia James urged Congress to strengthen cryptocurrency regulation as the FBI reported more than $11 billion in crypto-related losses. Her Senate testimony argued the pending CLARITY…
Circle Hits Regulatory Milestone With NYDFS Trust Charter
The limited trust charter received adds to the OCC approval to establish a National Trust Bank, positioning Circle as one of the most regulated stablecoin issuers in the cryptocurrency ecosystem.…
NY Sues Kalshi, Demanding $100K Fine Per Illegal Bet
The lawsuit alleges that Kalshi acted as an unlicensed gambling operator, stressing that prediction markets meet the legal definition of gambling as the outcomes of event contracts “are uncertain and…
Valve’s Sticker Overhaul Squeezes Counter-Strike Esports Teams as Polymarket Expands Into Space
Counter-Strike esports orgs say Valve’s first capsule-free Major – the biggest and most prestigious tournaments in the scene – produced a fraction of the sticker income teams had expected, threatening…
Ripple Swell 2026 Nears With Expanded Event Bringing Together Finance and XRP Ecosystem
Ripple Swell 2026 is approaching this fall, bringing financial executives, developers and the XRP community to New York for an expanded conference examining the growing connection between traditional finance, XRP…
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