Crypto Biz: AI took a back seat when Bitcoin started climbing

Corporate crypto bets are getting bigger as rising markets reward direct exposure, putting balance-sheet strategies and institutional adoption back in focus. Crypto’s August rally put corporate conviction to the test. Bitcoin (BTC) miners that spent much of the crypto downturn courting AI investors are once again trading like leveraged bets on BTC, while Strategy and…

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Revolut, OpenReserve get preliminary US bank approval with crypto plans

Revolut and OpenReserve received preliminary OCC approval to form US national banks, with both planning cryptocurrency and stablecoin-related services. Revolut and Andreessen Horowitz-backed crypto banking startup OpenReserve have received preliminary US regulatory approval to establish national banks, with both companies planning to offer cryptocurrency and stablecoin-related services. The Office of the Comptroller of the Currency…

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Kalshi US visits soar 1,500% as regulatory pressure mounts

Kalshi’s US web traffic climbed more than 1,500% in less than a year, while trading volume grew even faster and legal scrutiny of its sports contracts intensified. Major prediction market platform Kalshi has seen its US web traffic explode over the past year, underscoring the platform’s rapid growth while regulators and courts scrutinize its expanding…

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US, UK launch joint alliance targeting crypto scam centers

The agreement includes parallel investigations and information sharing, with US and UK authorities planning a private-sector disruption operation in London in October. The United States and United Kingdom have formed a joint law enforcement alliance targeting scam centers involved in crypto and cyber-enabled investment fraud.  On Thursday, the US Department of Justice announced that the…

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