Myanmar proposes tougher penalties for crypto scams
Myanmar's military-backed government has proposed a law that would impose life sentences for people convicted of digital currency fraud.
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Myanmar's military-backed government has proposed a law that would impose life sentences for people convicted of digital currency fraud.
The Monetary Authority of Singapore (MAS) is tightening oversight of banks' cryptoasset exposures ahead of new Basel banking rules.
Hyperliquid (CRYPTO:HYPE) said a pricing error caused its SK Hynix perpetual contract to fall 17.9%, triggering about $57.4 million in liquidations across 960 long positions.
Visa said stablecoins remain an important part of its long-term growth strategy after reporting its latest earnings.
Galaxy Digital and MARA Holdings have expanded their Texas land holdings to support AI computing and Bitcoin (CRYPTO:BTC) mining facilities.
Kraken is offering eligible retail investors access to the planned Jersey Mike's IPO through tokenised shares and direct IPO allocations.
AmericanFortress has proposed a quantum-safe security system designed to protect cryptocurrency wallets without requiring users to move their funds.
As prediction market giants like Kalshi and Polymarket begin offering perpetual futures trading with CFTC approval, other investment platforms are looking to expand their offerings. CME Group is launching single-stock futures, allowing investors to hedge or speculate on more than 50 of the largest US companies. The contracts, offering leverage without the complexity of options, will be cash-settled on the closing price of the stocks they're tied to. FIA CEO Walt Lukken joins Bloomberg Businessweek Daily to discuss the launch of these investment products, why he says prediction market "disruption" is good for building out best regulatory practices for the industry, and more. Lukken speaks with Carol Massar and Tim Stenovec.
Zcash (CRYPTO:ZEC) has activated the Ironwood network upgrade, adding new features aimed at improving privacy and expanding blockchain compatibility.
Flare (CRYPTO:FLR) has launched Smart Accounts v1.3, allowing users to complete multiple XRPFi transactions with a single wallet signature.
Brixmor Property Group reported upbeat second quarter sales this week, seeing strong leasing spreads, record small shop occupancy, and more. Analysts from Evercore ISI and Stifel raised their forecasts on the company after earnings results. CEO Brian Finnegan joins Bloomberg Businessweek Daily to discuss, saying consumer traffic remains high, up around 10% since pre-COVID, which equates to strong tenant growth as well. He also discusses the state of consumer spending, the benefits seen by Brixmor's open-air shopping center locations, and more. Finnegan speaks with Carol Massar and Tim Stenovec.
Clear Creek Financial Management disclosed about US$15 million in cryptocurrency exchange-traded fund holdings in its latest regulatory filing.
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