Features Crypto News by Thebittimes.Com

Trump Media and Technology Group (TMTG) is partnering with Crypto.com to take on Polymarket and Kalshi with a new prediction markets platform on Truth Social. Called Truth Predict, the platform will begin beta testing soon before a full US launch, with global expansion planned once regulatory requirements are met, according to a statement. “For too long, global elites have closely controlled these markets — with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight,” said TMTG CEO Devin Nunes.  The move marks Trump Media’s most direct challenge yet to established prediction market leaders Polymarket and Kalshi, both of which face regulatory headwinds in the US. TMTG’s shares closed up 0.8% yesterday and climbed a fraction of a percent in pre-market trading today. Crypto.com’s native CRO token slid more than 1%.  TMTG ...

Crypto.com, one of the leading crypto trading platforms, announced that Thomas Pevot had been promoted to Head of French Operations, as reported to Finbold on Wednesday, April 9. Pevot’s promotion underscores not only the company’s growing efforts to establish a firmer presence in France but its ambitions in the broader European market as well. Thomas Pevot’s career Prevot has a rich background in marketing, technology, and business development, having held positions at companies such as Google, TBWA, and R/GA. A member of Crypto.com since 2021, he will now oversee the company’s business development, regulatory compliance, strategic alliances, and fintech innovation in France.  During his time at Crypto.com so far, he has managed cross-functional teams responsible for the platform’s digital asset portfolio, including non-fungilbe tokens (NFTs), helping realize some key partnerships and contributing to user engagement and growth.  In addition to his...

A former compliance officer at Crypto.com — registered in Malta as Foris Dax MT limited — has been charged with extortion and money laundering after he allegedly threatened to expose sensitive information while demanding compensation from the company.  Thirty-three-year-old Jose Luis Alonso Melchor was arraigned by magistrate Nadia Vella in a Malta court on Thursday following his arrest and termination from the Singapore-based crypto exchange.  According to Malta Today, Melchor was fired after Crypto.com discovered he had broken an attachment order. Melchor then allegedly obtained sensitive information from the firm through his compliance officer role and threatened to publish it. He allegedly told his employer that he wanted €44,000 ($47,666) in compensation for his job loss. Melchor faces nine charges, including money laundering , extortion in his capacity as a public servant, extorting money by threatening to defame a third party, unauthorized use of his employe...