The old adage about ducks — if it looks, swims and quacks like one, it probably is one — seems to be escaping US regulators, who have so far accepted the claim by some gambling companies that they are not actually gambling companies. Congress ought to act before this artifice does further damage.
As bad behavior in finance goes, the idea of insiders betting on the US and Israel attacking Iran is about as appalling as it gets. Cashing in on death and destruction across the Middle East — or anywhere else — would be despicable. But beyond the moral dimension, there’s also the issue of national security: Given that handing such information to an enemy would be an act of treason, should risking intelligence leaks through price signals be seen as any less traitorous?
President
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The basic situation is that people work for about 40 years, during which they earn more money than they spend, and then they retire and don’t work for about 30 years, during which they spend more money than they earn. That’s a very broad statement, you could quibble with the numbers, and it is certainly not true of everyone: Some people retire early, some retire late, some die young, some live a long time, etc. But as a rough statistical average, most people get some decades of saving in the workforce and then some decades of spending in retirement.
The US’s top derivatives regulator plans to allow perpetual futures contracts for cryptocurrencies within weeks, bringing onshore a trading instrument that has until now existed almost entirely on offshore exchanges.
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Cryptocurrency exchange Uniswap Labs and its chief executive won’t have to face claims from investors that the company’s platform issued and traded “scam tokens.”
A few weeks ago, traders on the two major prediction market platforms,
A Florida state judge has ordered a receiver to take over the assets of Goliath Ventures in hopes that it will preserve some of the roughly $328 million tied up in an alleged crypto currency Ponzi scheme.
Cryptocurrency and NFTs continue to rise in popularity in the U.S., but many people are still confused about how they are taxed. In this video, a partner at Steptoe & Johnson who specializes in tax policy and cryptocurrency, lays out how different crypto transactions are taxed.
There are no changes to trade relations between the US and Spain, according to the Mediterranean nation’s Economy minister.
States that scrambled to lure data centers are now trying to install guardrails around their development, but attorneys say legal action likely wouldn’t be the right response for developers.
Justice Department lawyers are heading to court today to defend President Donald Trump’s attacks on law firms after the administration backtracked on a move to drop out of those fights.
The federal government wants to recruit attorneys after a year of cutting staff in nearly every agency.
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