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SEC considers removing two-year restriction connected to advisers’ political contributions
The SEC’s Rule 206(4)-5, known as the “pay-to-play” rule, prohibits an investment adviser from getting paid by any governmental client for two years if the adviser or anyone covered by the rule has made a political contribution to any such official or candidate having the ability to influence the selection of the adviser. On September...Cryptopolitan
Fri, Sep 4
Michigan blocks Kalshi sports bets as Supreme Court fight nears
A Michigan judge has instructed prediction market company Kalshi to remove from the state any sports event-based contract, imposing a penalty of up to $500,000 per day for noncompliance, increasing the pressure on a company facing legal challenges from over a dozen states. Ingham County Circuit Court Judge Rosemarie E. Aquilina signed the temporary restraining...Cryptopolitan
Fri, Sep 4
Chainlink deal to move $16 trillion with Bottomline lifts LINK
On September 4, Chainlink’s LINK was being traded at $11.88, which translates to a change of 6.8% in the last 24 hours. This follows the announcement of a joint venture of Chainlink and Bottomline, a provider of payments technology. It will enable Bottomline’s bank clients to connect their payments infrastructure with public and private blockchains...Cryptopolitan
Thu, Sep 3
Bitcoin tops $81,000 after Fed Governor Christopher Waller signaled support for keeping rates steady
Bitcoin broke above $81,000 after Fed Governor Christopher Waller said he may back rate cuts. This reduced the chances of a September rate hike. As a result, more than $415 million in short positions were closed in crypto derivatives in a single day. Waller’s remark in an interview sparked the momentum. He stated that he...Cryptopolitan
Thu, Sep 3
App developers drag Apple to London court over app tracking rules
Apple (NASDAQ: AAPL) has been accused of holding third-party developers to stricter standards than Apple applied to itself. The accusation was made in a £2 billion ($2.7 billion) collective action filed Thursday at London’s Competition Appeal Tribunal. UK app developers say Apple’s App Tracking Transparency rules are unfair because developers rely on advertising to fund...Cryptopolitan
Thu, Sep 3
Hargreaves Lansdown opens crypto ETNs to UK retail investors
Hargreaves Lansdown, the UK’s largest direct-to-consumer investment platform, has begun offering crypto exchange-traded notes to everyday clients. The new offering gives millions of retail investors regulated exposure to Bitcoin and Ether, nearly a year after the ban on retail access was lifted. How do crypto ETNs work? Hargreaves Lansdown, which holds over a third of...Cryptopolitan
Thu, Sep 3
Saudi's Humain goes all out in tech push with $2.5B data center fund
The CEO of Saudi Arabia’s HUMAIN has said that they will be launching a large venture capital fund, and it could top a planned $10 billion vehicle. Tareq Amin said this in an interview published Wednesday, as the Public Investment Fund (PIF)-owned company presses its bid to turn the kingdom into a hub for global...Cryptopolitan
Thu, Sep 3
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