Block pays $45M to settle fraud allegations from New York and 45 other states

The post Judge Greenlights E. Jean Carroll To Collect $5.8 Million From Trump appeared on BitcoinEthereumNews.com. Topline A federal judge in New York authorized a $5.8 million judgement against President Donald Trump, three years after he was found liable for the sexual abuse and defamation of writer E. Jean Carroll—rejecting a last-minute motion on Tuesday night attempting to pause the disbursement out of concerns she planned to donate the funds. Trump was found liable for sexually abusing and defaming E. Jean Carroll in 2023. Getty Images Key Facts The $5 million award plus interest was mostly already paid and kept in a court-controlled account while Trump appealed the case, but Judge Lewis Kaplan authorized the disbursement of the funds in an order on Wednesday. On Tuesday, attorneys for Trump asked the court to deny Carroll’s request, insisting Trump could face “unrecoverable financial loss” if she went ahead with her plans to donate the money, should the Supreme Court later overt

Kalshi's legal setback in New York highlights the complex interplay between state and federal regulations, impacting prediction markets' operations. The post Kalshi loses court bid to block New York’s gambling restrictions appeared first on Crypto Briefing.

The post 46 states reach $45 million Cash App settlement with Block over fraud appeared on BitcoinEthereumNews.com. Block (NYSE: XYZ) agreed to pay $45 million and rebuild Cash App’s fraud protections to settle claims from 46 state attorneys general that it misled users about the app’s safety and abandoned fraud victims, the coalition announced Wednesday. The bipartisan group, led by Oregon and Texas, said the payments company assured Cash App’s 56 million-plus users that their money was as safe as it would be in a bank, even as fraud on the platform climbed. New York Attorney General Letitia James, who helped secure the deal, said Block “cared more about profits than protecting its users.” Who gets the money? The $45 million will be shared by the participating states rather than paid to consumers directly. New York takes $1.6 million in penalties, Washington takes $1.8 million, Connecticut collects $1.5 million, while New Jersey gets $892,753, and Massachusetts gets $730,000. Nebraska

The post Jack Dorsey’s Spiral Expands Into AI With Goose Team appeared on BitcoinEthereumNews.com. Spiral has brought in the core team behind Block’s Goose AI framework. The goal is to turn Goose into a bigger open‑source platform for autonomous AI agents. Jack Dorsey believes that both Bitcoin and AI should develop as open ecosystems. Jack Dorsey’s Bitcoin open‑source project, Spiral, is moving beyond Bitcoin infrastructure and stepping into agentic AI. It was reported that Spiral has brought in the core team behind Block’s Goose AI framework to turn Goose into a bigger open‑source platform for building autonomous AI agents. In the past, Jack Dorsey has said that both Bitcoin and AI should develop as open ecosystems rather than being locked up by a few large tech companies. As such, this announcement aligns with his views and strategy. What is Spiral? Spiral is an independent, open-source project funded by Block, Jack Dorsey’s fintech company. It started as Square Crypto but rebranded

The post Stacking DAO Announces StBTC To Bring Liquid Staking To Stacks’ Upcoming Bitcoin Staking Release appeared on BitcoinEthereumNews.com. New York, NY, United States, July 8th, 2026, Chainwire Stacking DAO today announced stBTC, a liquid staked version of Bitcoin built for Stacks’ upcoming Bitcoin Staking release. stBTC will let Bitcoin holders earn yield through staking while keeping their capital liquid and ready to move across the rest of the Stacks ecosystem. Bitcoin is the largest pool of capital in the digital economy, and most of it sits idle. Only a small fraction of Bitcoin’s supply is deployed in on-chain finance today, while the rest stays parked in custody, exchange-traded funds, and treasuries. Stacking DAO built stBTC to close that gap and give Bitcoin holders a native path to put their capital to work. stBTC is the missing bridge between earning Bitcoin yield and putting Bitcoin capital to work. A holder will be able to stake Bitcoin and participate in Bitcoin-nativ

The post Judge Torres Denies Kalshi’s New York Injunction Bid appeared on BitcoinEthereumNews.com. Judge Analisa Torres denied Kalshi’s bid to block New York’s gambling regulators.  Judge found New York’s gambling laws may apply to Kalshi’s sports event contracts.  The ruling may shape how prediction markets face state gambling enforcement. KalshiEX LLC faced a major courtroom setback after U.S. District Judge Analisa Torres denied its request for a preliminary injunction against New York gambling regulators. The July 7 opinion leaves Kalshi without temporary protection from the New York State Gaming Commission while its lawsuit continues. Judge Torres found that New York’s gambling laws, as applied to Kalshi’s sports event contracts, were not preempted by the Commodity Exchange Act at this stage. The ruling marks a key moment in the wider prediction market fight over whether event contracts are federally regulated derivatives or state-regulated wagering products. New York Ruling Puts

Kalshi's legal setback in New York could lead to a fragmented regulatory landscape, complicating operations for prediction markets nationwide. The post Judge rejects Kalshi’s bid to block New York gambling law appeared first on Crypto Briefing.

The post Michael Jackson Returns To No. 1 — And Leads Multiple Charts appeared on BitcoinEthereumNews.com. Michael Jackson commands multiple albums charts in the U.K. with two different projects, as both The Essential and the Michael soundtrack rule. American Pop singer Michael Jackson (1958 – 2009) performs on stage at Madison Square Garden during the ‘Bad Tour,’ New York, New York, March 5, 1988. (Photo by Gary Gershoff/Getty Images) Getty Images Michael Jackson has been referred to as one of the bestselling musicians – and by some estimates, perhaps the bestselling artist – of all time. Sales are not nearly as important in today’s music economy as they were when the King of Pop got his start, as these days, millions of music lovers all around the planet choose to consume their music via platforms like Spotify, Apple Music, Tidal, iHeartRadio and dozens of others. Some legacy acts have never quite found an audience on these websites, but Jackson certainly has, and his fates on stream