The Commodity Futures Trading Commission (CFTC) has banned former Congressman George Santos from trading for three years and imposed a $17,500 civil penalty, plus requiring him to forfeit $17,569.98 earned from trading. Santos traded on Kalshi event contracts related to whether he would attend the State of the Union address, using insider knowledge that influenced contract prices in his favor. Santos settled the case without admitting wrongdoing. This action follows Santos' prior criminal convictions and highlights regulatory enforcement on trading based on non-public information.
Oracle Corporation faces near-term financial pressure due to a $664 billion backlog requiring significant capital expenditure, impacting cash flow, balance sheet, and net income. Despite this, the company is experiencing strong revenue growth and pro...
In Austria, if you sold Bitcoin and no 27.5% capital gains tax was withheld, you still need to report and pay tax on the gain through your income tax return. This often happens with sales on foreign crypto platforms or direct transactions without an ...
Solana has reduced its block time from 300 to 250 milliseconds, marking the third reduction since August 2026 as part of the SIMD-0525 plan. This 17% faster block production means blocks arrive more frequently but carry proportionally less data, so o...
Polygon Foundation CEO Sandeep Nailwal announced plans to permanently burn 100 million POL tokens, pending Security Council approval, to reduce supply and potentially increase token value. This move follows impressive revenue generation of $24.5 mill...
While Ripple plays a key role in the XRP ecosystem by contributing code and infrastructure, it cannot unilaterally enforce changes to the XRP Ledger. Any protocol amendments must receive over 80% support from trusted validators for two consecutive we...
