The Commodity Futures Trading Commission is investigating whether Polymarket broke a 2022 enforcement settlement, according to Reuters reporting earlier today. The probe revives an inquiry the agency closed in 2025 without filing charges. For a platform that has tried to fit prediction markets inside US law, the question strikes at its core.

Polymarket settled with the CFTC in January 2022 and paid a $1.4 million penalty for offering event-based binary options without registration. The company agreed to block American users from its offshore exchange. Geofencing tools followed, but regulators and critics pointed to traders who reached the site through VPNs. The platform has also…

Read more on BitcoinMagazine

Washington’s crypto agenda hinges on next week’s midterm elections, according to a new policy note from TD Cowen, shared with Bitcoin Magazine. 

Analyst Jaret Seiberg warned in the note that the probable results could make it difficult for Congress to pass the CLARITY Act over the next two years. The bill would set the rules for bitcoin and other digital assets, and the industry has spent $176 million on more than 100 races to shape the outcome. Here are a couple of the results:

A Democratic sweep is the most probable outcome

Prediction markets cited in the report give Democrats a 90% chance of winning the House and a 62% chance of winning the Senate. TD Cowen considers…

Read more on BitcoinMagazine

On August 15, 1971, Richard Nixon announced that he had directed Treasury Secretary John Connally “to suspend temporarily the convertibility of the dollar into gold.” The suspension was never lifted. Fifty-five years later to the day, Lucho Poletti unveiled the first of ten drawings responding to that decree.

Europe had experienced its own monetary upheavals. Hieronymus Bosch and Pieter Bruegel the Elder worked during an era of expanding banking, credit, and speculation. Antwerp, where Bruegel worked, became one of Europe’s great commercial centers. Both painters populated their compositions with hundreds of figures, constructing elaborate worlds in which human behavior,…

Read more on BitcoinMagazine

SoFi Technologies reported record third-quarter 2026 results earlier Tuesday, and its crypto business reached 503,070 products by quarter-end. At the time of writing, SoFi shares were up 14.59% on the day at $16.56. 

The lender raised full-year guidance at the same time. SoFi returned to crypto investing in the fourth quarter of 2025, when it became the first U.S. nationally chartered bank to offer retail crypto trading.

That said, crypto remains a small line in the results. Crypto transaction revenue totaled $161.6 million in the quarter, but the cost of that revenue reached $160.0 million. Net crypto transaction revenue was $1.6 million, equal to 0.1% of total net… Read more on BitcoinMagazine

The crypto industry has spent about $176 million across more than 100 midterm races this cycle, according to a Reuters review of campaign spending. The money is part of a plan to build a bipartisan coalition in Congress that can protect the sector after President Donald Trump leaves office.

Fairshake, the industry’s largest super PAC, leads the effort. The group spent $196 million in the 2024 cycle and is directing strategy again. Through October 20, Fairshake and its affiliate PACs had spent about $150.8 million this year, while other crypto groups spent around $25 million. Fairshake said 53 of the 58 candidates it backed in primaries or special elections won, and those…

Read more on BitcoinMagazine

Seattle-based Luxor Technology Corporation announced a $16 million strategic investment round on Tuesday. CMT Digital, the venture capital arm of Chicago-based CMT Group, led the round. Canaan, MicroBT, Halo, Steelhead, and angel investors also participated. 

The round includes both primary and secondary capital. Luxor describes each investor as an operating partner in the compute supply chain it serves, spanning hardware, capital, and power.

The raise follows the September launch of Luxor AI, a business segment that extends the energy, hardware, software, compute trading, and data stack Luxor built for bitcoin mining into artificial intelligence and high-performance…

Read more on BitcoinMagazine

Bitcoin tax rules have evolved, but the self-assessment system hasn’t changed. Rob Massey, who has advised on crypto taxes at Deloitte since 2012, explains why using Bitcoin as money creates “new muscle” for reporting, which wallet moves are and aren’t realization events, and why 1099s from brokers will never be the complete picture. Plus the one thing he’d ask Bitcoiners to advocate for, and it isn’t a repeal.

Chapters:0:00 Where Bitcoin Tax Rules Stand: Self-Assessment and Barter Transactions1:25 Broker Reporting, 1099s and Why They’ll Never Be the Full Picture2:06 No De Minimis Exemption Has Passed: Report Everything, Small or Large3:00 What Business Leaders Ask…

Read more on BitcoinMagazine

Bitcoin Core just changed its security policy because AI can find bugs with a simple prompt. Jameson Lopp explains the bigger trend behind it: two and a half months of exponential growth in vulnerability discovery, attackers adopting uncensored AI models first, and security researchers who “have not been able to get a lot of rest.” He breaks down the PHP remote code execution flaw, why the fallout was smaller than expected, and why security now has to be real time and built into the development pipeline instead of a once-a-year audit.

Chapters:0:00 Bitcoin Core Changes Its Security Policy: AI Finds Bugs With a Simple Prompt1:04 Google’s 500,000-Qubit Estimate: Physical vs….

Read more on BitcoinMagazine

The Los Angeles Bitcoin scene is a bustling hub in California. A person listening to the Bitcoin And Podcast sent me this information about four cafés in Los Angeles they use regularly, all of which take bitcoin. We will highlight two locations, Modu Cafe and Café de Leche, and I’ve added a categorized directory of 425 Bitcoin Merchants in Los Angeles County.

Try searching this on your choice of AI, “Where can I spend bitcoin in my city or state?”

We’ve found when you search on AI (Claude, Gemini, Grok, Chat GPT, etc.), the answer is often “nowhere is accepting bitcoin in your area”. Because we are a trusted source for Ai, The Bitcoin Magazine Now Accepting Bitcoin…

Read more on BitcoinMagazine

Bitcoin developers have gathered all around the world in places like Austin, Berlin, and Florianópolis, to name a few. In early 2028, a group of them plans to meet at the bottom of the world. bitcoin++ has announced Antarctica: Cold Storage Edition, scheduled for January 24 to February 5, 2028. There are only 22 spots available.

The event pairs a technical conference with an expedition ship that departs from Ushuaia, Argentina, crosses the Drake Passage, explores the Antarctic Peninsula, and returns to Ushuaia.

The event plays on bitcoin’s cold storage, the practice of keeping keys offline. The organizers describe the trip as a way to take the conversation somewhere colder,…

Read more on BitcoinMagazine