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AUSTRAC Halts 96 Cryptolink Crypto ATMs Over Compliance Risks

Australia’s financial crime regulator has forced 96 Cryptolink crypto ATMs offline for three months after identifying renewed compliance failures. The suspension follows earlier enforcement over transaction reporting and anti-money laundering controls. Why Did AUSTRAC Shut Down Cryptolink’s 96 Crypto ATMs? Cryptolink’s 96 cryptocurrency automatic teller machines (CATMs), which allow customers to exchange cash for cryptocurrency, […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms12 Aug

Connecticut Judge Says Kalshi Sports Contracts Were Never Swaps

A federal judge denied Kalshi’s request for a preliminary injunction against Connecticut regulators, holding that its sports-event contracts are not swaps under the Commodity Exchange Act, so the CFTC’s exclusive jurisdiction never attached. Coinbase Financial Markets lost a companion motion on the same reasoning despite never having received a cease-and-desist. Not Swaps, and Not Preempted […]

Bitcoin.com NewsBitcoin.com NewsLuci Kelemen11 Aug

FSB Raids Moscow City Crypto Hub in Major Fraud Bust

Russian authorities disrupted nine foreign-coordinated cryptocurrency channels operating out of the Moscow City business district. Over 20 employees from unregistered crypto exchanges and several couriers were detained for their involvement in the laundering operation. Foreign Crypto Laundering Ring Dismantled Russian authorities recently dismantled a financial laundering ring operating out of the Moscow City business district, […]

Bitcoin.com NewsBitcoin.com NewsTerence Zimwara11 Aug

Nvidia Taps Blackrock, Goldman Sachs, Blackstone to Mobilize $500B for AI

Nvidia is working with major Wall Street firms to mobilize more than $500 billion for AI infrastructure over time. The financing platforms could turn GPU compute into a long-duration institutional investment category. Wall Street Capital Moves Into Nvidia AI Infrastructure More than $500 billion of third-party capital could support AI infrastructure through independent financing platforms […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms11 Aug