In a recent report published by The Information, it was revealed that Polymarket, a blockchain-based prediction market platform headquartered in New York, is actively seeking to secure $50 million in new funding. The growing interest in cryptocurrency and decentralized finance signifies a noteworthy shift in investor attitudes, potentially paving the way for innovative projects to
Crypto
In recent events, a faction of Republican lawmakers, led by Representative Patrick McHenry and Senator Cynthia Lummis, has voiced profound concerns regarding the Securities and Exchange Commission’s (SEC) newly established directives for regulating crypto custody. This discontent culminated in an open letter directed toward SEC Chair Gary Gensler, wherein these lawmakers have requested the immediate
In the realm of cryptocurrency, particularly Bitcoin, the term “whale” refers to individuals or entities that hold significant amounts of Bitcoin and therefore have the potential to influence its market dynamics. Recently, the reactivation of an exceptionally dormant Bitcoin wallet has caught the attention of investors and analysts alike. This wallet, dormant for nearly ten
The cryptocurrency market continues to exhibit an intriguing dynamic, particularly regarding the two prominent Grayscale funds—GBTC (Grayscale Bitcoin Trust) and ETHE (Grayscale Ethereum Trust). On a recent Monday, both funds experienced considerable net outflows that raised eyebrows among investors and market analysts. Surprisingly, despite this trend, the value of the underlying cryptocurrencies remained relatively stable,
In an unexpected turn of events, Bitcoin’s price dropped below $63,000, only to quickly reverse its trajectory as bullish sentiment reclaimed its hold over the market. This volatility is a stark reminder of the cryptocurrency’s unpredictable nature. After experiencing a significant decline to approximately $57,600 earlier last week, Bitcoin’s fortunes shifted dramatically post the Federal
The ongoing interest in crypto investment products has been a noteworthy trend, particularly in the context of recent financial developments. Recent data from CoinShares indicates that digital asset funds attracted considerable investment, totaling $321 million in inflows last week. Although this represents a decline from the previous week’s influx of $436 million, the sustained interest
Launched in March 2024, Hamster Kombat has captivated the gaming world, garnering an impressive 300 million players in its inaugural season. Combining playful graphics with competitive gameplay mechanics, the game has successfully created a unique environment in which users can engage with each other through various clicker challenges. However, as the first season concludes, the
In a significant move within the Solana ecosystem, Jupiter Exchange, the most prominent decentralized trading platform on Solana, has acquired SolanaFM, a leading blockchain explorer. The announcement, made on September 20, highlights a shared vision between both parties to enhance their data and infrastructure capabilities, thereby offering improved services and functionalities to the vibrant Solana
In an unexpected shift, Canada has decided to halt its Central Bank Digital Currency (CBDC) project, which was initiated in 2017 amid growing interest in digital currencies and changing payment methods amongst Canadians. This decision was reported in a CBC article on September 18, 2023, and it reflects a broader reconsideration of the necessity and
As discussions surrounding Central Bank Digital Currencies (CBDCs) proliferate, the sentiment among the public remains surprisingly rooted in tradition. A recent survey by Deutsche Bank, which engaged nearly 5,000 participants across Europe, the United Kingdom, and the United States, sheds light on consumer preferences that suggest cash is far from obsolete. The findings illustrate just