Key Takeaways Brazil raided 87 shell companies in Operation Veil of Maya, disrupting an illegal crypto laundering ring. The ring transferred gambling funds abroad via crypto, evading taxes in a massive underground market. The enforcement action backs Brazil’s broader regulatory bans on illegal casinos and prediction markets. Brazilian Police Target Cryptocurrency Usage in Illegal Betting…
Key Takeaways Debra Bickle won $2M in Mega Millions on June 5 after missing the $368M jackpot by 1 number. Bickle retired immediately at 69, ending her IT career months earlier than planned. Bickle will fund home upgrades and help 5 grandchildren with future college costs. On 06/05, a Mega Millions ticket in Waterloo, Iowa…
The Bangko Sentral ng Pilipinas (BSP) said crypto-to-crypto trading for speculative or investment purposes through an exchange “fits naturally” under the perimeter of the Securities and Exchange Commission (SEC), and confirmed it plans to expose amendments to Circular No. 1108, its 2021 rule governing Virtual Asset Service Providers (VASPs), for public comment, according to a…
Key Takeaways SWIFT launched a blockchain ledger for tokenized deposits, enabling 24/7 global interbank transactions. Seventeen banks will pilot the network, easing liquidity limits and improving fund management efficiency. Swift developed the ledger in just nine months, setting the foundation for future programmable money. Swift Moves To The Blockchain Era With New Tokenized Deposit-Based Network…
Key Takeaways The White House says it requested Democratic names for vacant SEC and CFTC seats before Democrats raised concerns. Senate Democrats accused Trump of refusing to nominate Democratic commissioners to agencies designed for bipartisan membership. SEC vacancies carry added weight as Republican commissioners reshape cryptocurrency oversight under Paul Atkins. White House Rejects the Charge…
BDO Unibank Inc. (BDO), China Banking Corp. (Chinabank), and East West Banking Corp. (EastWest Bank) announced the elimination of transaction fees for domestic fund transfers through the InstaPay and PESONet networks. The pricing updates follow regulatory adjustments directed by the Bangko Sentral ng Pilipinas (BSP) regarding electronic payment pricing. (Read More: List: PH Banks With…
Key Takeaways North Carolina’s signed budget taxes prediction markets at 6% of net trading fee revenue, effective January 1, 2027. The state declines to require prediction platforms to hold a state license, recognizing CFTC authority instead. Sports betting operators face a separate, higher 23% tax on gross wagering revenue, up from 18%, effective immediately. A…
Key Takeaways Relay Protocol says it is actively blocking scam tokens after reports of wallet drains on the new Robinhood Chain. The Robinhood Chain, live since July 1, 2026, is reportedly seeing high scam meme coin activity due to its permissionless nature. Traders should only trade verified tokens and perform small test swaps to protect…
Key Takeaways Jet2 recorded a $536 million balance sheet windfall on July 8 after locking in low-cost fuel derivatives. The Middle East conflict triggered a 67% decline in annual cash inflows as travelers delayed holiday bookings. CEO Steve Heapy announced a $335 million buyback program and expanding operations at London Gatwick Airport. Sector Resilience Amid…
Key Takeaways Sony Bank secured conditional OCC approval for Connectia Trust on July 7, 2026. The new subsidiary carries $40 million in capital and targets 2027 for launch. Bastion Platforms will handle issuance and custody under a December 2025 deal. The company disclosed the approval on July 7, 2026, one day after its board signed…
