Connecticut Orders Robinhood, Kalshi and Crypto.com to Halt Sports Event Contracts
Connecticut regulators have issued cease-and-desist orders to Robinhood, Kalshi and Crypto.com, accusing the companies of offering unlicensed online gambling through sports event contracts. The Department of Consumer Protection (DCP) said the platforms were conducting unlicensed online gambling, more specifically sports wagering, and directed them to immediately stop promoting or providing these contracts to state residents.
China Reaffirms Anti-Crypto Position as Authorities Strengthen Crackdown on Digital Asset Speculation
Mainland China has once again reinforced its strict anti-crypto stance, pledging to intensify its crackdown on virtual currency speculation amid growing concerns over financial risks. According to a recent report from China Daily, top officials from the Peoples Bank of China (PBOC), the Ministry of Public Security, the Central Cyberspace Affairs Commission, and other regulatory bodies emphasized that virtual currencies do not possess the legal status of fiat money and are banned from use as currency in the domestic market.
Young Crypto Prodigy Denis Dariotis Builds GoQuant Into a Global Trading Powerhouse
Denis Dariotis, the 22-year-old founder and CEO of crypto trading software firm GoQuant, has been obsessed with markets since childhood. Growing up in Montreal, he was captivated by the green and red tickers flashing across CNBC each morning.
Brazilian Fintech Tanssi Launches Blockchain-Powered Microloan Program for São Paulo Farmers
Brazilian fintech firm Tanssi is launching a government-backed blockchain project that aims to provide microloans to small-scale farmers in São Paulo. Following the successful pilot of a local digital currency in Santo Antnio da Alegria, the new program will officially roll out next month, offering loans of up to R$15,000 (about $2,800) to rural producers.
MoonPay Secures New York Trust Charter to Expand Crypto Custody and OTC Services
Crypto payments firm MoonPay has received regulatory approval from the New York Department of Financial Services (NYDFS), obtaining a New York Trust Charter that allows the company to safeguard customers digital assets and offer over-the-counter (OTC) trading services. The approval marks a major milestone for MoonPay as it moves deeper into institutional-grade compliance and strengthens its position within the U.S. digital asset ecosystem.
Bitkub Reportedly Eyes Hong Kong IPO Amid Regional Crypto Market Push
Thailand-based cryptocurrency exchange Bitkub is reportedly exploring the possibility of launching an initial public offering (IPO) in Hong Kong, according to sources cited by Bloomberg. People familiar with the discussions said the company may seek to raise around $200 million, potentially as early as next year, though plans remain preliminary and subject to change.
Congress Races Against Time as Crypto Legislation Stalls
With Congress finally back in session after the government shutdown, pressure is mounting to advance key crypto initiatives before the legislative clock runs out. Lawmakers have fewer than 40 working days left this year, and only a short window early next year, to finalize major industry priorities including CFTC leadership, market structure rules, and broader digital asset oversight.
Coinbase Expands 24/7 Futures Trading for Leading Altcoins
Coinbase Markets is set to significantly expand its regulated crypto derivatives offering by launching round-the-clock futures trading for a wide range of major altcoins. Beginning Dec. 5, traders will gain 24/7 access to futures tied to AVAX, BCH, ADA, Chainlink (LINK), DOGE, Hedera (HBAR), LTC, DOT, SHIB, Stellar (XLM), and SUI.
Why MicroStrategy Has Become the Market’s Key Crypto Hedge, According to Tom Lee
MicroStrategy (MSTR) has rapidly evolved into the preferred risk-management tool for crypto investors, a trend that Bitmine CEO Tom Lee says helps explain the stocks steep 43% decline over the past month. In a recent CNBC interview, Lee emphasized that MicroStrategy has effectively become the most important bitcoin proxy on the market, making it a prime target for institutional hedging activity during volatile periods.
Opera MiniPay Enables Local Stablecoin Payments Across Argentina and Brazil
Operas MiniPay wallet, a lightweight stablecoin wallet built on the Celo blockchain, has introduced a major update that brings everyday crypto payments to users in Argentina and Brazil. The new feature, called Pay like a local, allows MiniPays 10 million users to spend USDT directly at local shops and online services without manually converting their crypto or relying on exchanges.