Category: crypto
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Polymarket odds narrow sharply as whales slow down Trump betting
Polymarket’s top Trump shares holder has shifted to ‘zxgngl’ from ‘Fredi9999’ due to increased buying activity, leading to a narrowing lead over Harris. Whales persistently buying Trump shares have reduced activity, causing a contraction in his lead. Market depth has shifted, with concerns over election certification leading to new sell orders below $1.
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Tether CEO quashes speculation of launching a Tether blockchain ‘at this time’
Tether CEO Paolo Ardoino clarified that the company has no plans to launch its blockchain network. Tether values neutrality and collaboration, focusing on integrating USDT across existing networks instead. While not ruling out future possibilities, Tether aims to avoid centralization and control over its operations. Other firms in the industry are developing their blockchain networks,…
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Singapore creating networks to commercialize digital asset tokenization platform after successful trials
The Monetary Authority of Singapore (MAS) is enhancing tokenization in the financial sector to improve liquidity and market infrastructure. Initiatives include establishing commercial networks, industry frameworks, and settlement facilities. “Project Guardian” involves over 40 institutions exploring asset tokenization in capital markets. MAS also broadens its GL1 initiative and introduces the SGD Testnet for settlement using…
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German tradFi giants confirm trial to mine Bitcoin with surplus energy to stabilize grid
German telecom giant Deutsche Telekom has partnered with Bankhaus Metzler to launch a pilot project testing Bitcoin mining infrastructure powered by surplus renewable energy in Germany. The initiative aims to balance supply and demand within the energy grid using excess electricity from renewable sources. The project seeks to validate the effectiveness of this method and…
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Justin Sun and Andre Cronje challenge Coinbase’s listing fee transparency claims
Tron Network founder Justin Sun and Sonic Labs co-founder Andre Cronje disputed Coinbase CEO Brian Armstrong’s claim of providing free asset listings. Sun revealed that Coinbase demanded $80 million in TRX for listing, while Cronje stated fees ranging from $30-300 million. Community members defended Coinbase, with some highlighting transparency and educational campaigns. Binance co-founder He…
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Prediction: This 1 Phenomenal Cryptocurrency Is Set to Soar
One cryptocurrency is predicted to experience a significant increase in value. This particular digital currency is expected to skyrocket in the near future. Investors and experts are confident in the potential growth and success of this cryptocurrency, making it a promising investment opportunity.
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Historic Debt, Inflation, and a Billionaire's Warning: Paul Tudor Jones on Why Bitcoin Will Shine
Paul Tudor Jones, a billionaire investor, believes that Bitcoin will shine due to historic debt levels and inflation. He warns that the current economic environment is favorable for the cryptocurrency to thrive. Jones sees Bitcoin as a hedge against inflation and a way to diversify investment portfolios.
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Donald Trump’s World Liberty will limit token sales in the US to $30 million
World Liberty Financial, a DeFi crypto project promoted by Donald Trump and his sons, plans to sell up to $30 million of tokens in the U.S. The majority of sales will take place offshore due to SEC regulations. The company has raised $2.7 million from 348 investors under Regulation D.
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The FDIC has told banks to refrain from providing crypto services in over 20 cases, Coinbase finds
Coinbase’s chief legal officer, Paul Grewal, revealed that the FDIC has asked banks to pause or refrain from offering crypto-related banking services in over 20 instances. The discovery was made through FOIA requests, with the FDIC sending letters to banks to hold off on providing crypto services for review. Grewal criticized the FDIC for hindering…
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Time for Trump (or Kamala) to pledge to buy 20% of the entire Bitcoin supply
Kadan Stadelmann, CTO of Komodo Blockchain, discusses Trump’s rising odds of winning the US presidency over Kamala Harris. Despite Harris incorporating crypto into her campaign, Trump could court votes from the Bitcoin community by revealing plans to acquire Bitcoin to pay off national debt. Trump should introduce a clear Bitcoin policy.