In a noteworthy development, Polymarket—a blockchain-based prediction platform—has engaged in discussions to secure $50 million in funding, as reported by The Information on September 23. This ambitious fundraising effort hints at the company’s intent to enhance its offerings and potentially introduce its own token for facilitating bets within its marketplace. Reports suggest that investors in
Crypto
The realm of cryptocurrency has been characterized by rapid evolution and persistent regulatory uncertainty. Recently, a contingent of Republican lawmakers, led by Representative Patrick McHenry and Senator Cynthia Lummis, has expressed profound concerns regarding the Securities and Exchange Commission’s (SEC) regulatory stance on crypto custody. Their focal point of contention is Staff Accounting Bulletin No.
In the ever-shifting landscape of cryptocurrency, few events excite the community quite like the unexpected transactions from dormant bitcoin addresses. Recently, Arkham Intelligence reported on a notable case involving a long-inactive bitcoin whale that has suddenly reactivated its wallet after a decade of silence. The address in question executed a transfer of 5 BTC to
The worlds of cryptocurrency and exchange-traded funds (ETFs) have witnessed notable shifts recently, primarily with Grayscale’s Ethereum Trust (ETHE) and its Bitcoin counterpart (GBTC). On a seemingly routine Monday, these funds experienced significant net outflows—$80.6 million from ETHE and $40.3 million from GBTC—highlighting a growing discomfort among investors regarding these financial products. What’s striking, however,
In an unpredictable cryptocurrency landscape, Bitcoin has demonstrated a captivating resilience. Recently, it experienced a decline that saw its price dip below $63,000, yet the market sentiment quickly shifted as bulls regained momentum, pushing Bitcoin’s value back toward the $64,000 mark. This volatility is not uncommon for Bitcoin, especially following significant macroeconomic announcements, such as
The landscape of cryptocurrency investment continues to evolve as market participants demonstrate increasing interest in digital assets. Data published by CoinShares, a leading firm in crypto investment products, reveals intriguing patterns of inflows over the past two weeks. While the total inflows for last week reached an impressive $321 million, this figure represents a decline
Launched in March 2024, Hamster Kombat swiftly gained immense traction in the rapidly evolving landscape of gaming, particularly within the blockchain space. By the conclusion of its inaugural season, the platform boasted an impressive user base exceeding 300 million, with participation peaking in anticipation of a significant airdrop event. While the excitement surrounding Hamster Kombat’s
In a significant move for the Solana blockchain ecosystem, Jupiter Exchange, the leading decentralized trading platform, has acquired SolanaFM, a prominent blockchain explorer. This strategic acquisition, announced through a post on X on September 20, 2023, aims to enhance both the data and infrastructure capabilities of Jupiter Exchange while promising better functionalities for the expansive
The Bank of Canada has recently decided to halt its Central Bank Digital Currency (CBDC) initiative that was initially launched in 2017. The move is revealing, particularly as it underscores the complexity and intricacies involved in transitioning to a digital currency system. This initiative was primarily conceived in response to rapid advancements in technology and
As central banks worldwide contemplate the implementation of Central Bank Digital Currencies (CBDCs), a recent survey conducted by Deutsche Bank reveals a surprising insight: cash continues to hold its ground among consumers. The study surveyed nearly 5,000 individuals from Europe, the UK, and the US, uncovering a distinct preference for traditional payment methods over emerging
