French Regulator Says It’s ‘Examining’ Polymarket
The scrutiny comes after a French national profited handsomely on the platform by placing large bets on Trump winning the U.S. electionSource
Archive for month: November, 2024
Crypto for Advisors: Post Election Edition
As U.S. voters elected former President Donald Trump to be the nation’s 47th president, the digital-asset market demonstrated its unique, real-time reaction capacity, surging on expectations of a crypto-friendly administrationSource
Michael Novogratz’s Galaxy Looks to AI Computing as Bitcoin Mining Revenue Falls
The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers.Source
Former FTX CTO Gary Wang Asks Court for No Jail Time
Gary Wang, the former chief technology officer at FTX and a one-time member of former CEO and convicted fraudster Sam Bankman-Fried’s inner circle, has requested that he serve no prison time for his role in the crypto exchange’s 2022 implosion.Source
Trump Family-Backed Crypto Project Makes $1M Gain in ETH Following Tame Token Sale
World Liberty Financial, the decentralized finance (DeFi) project backed by the family of U.S. presidential elect Donald Trump, has made $1 million in unrealized gains following a muted token sale last month.Source
Ether, Touted as Internet Bond, May Top $3K on Fed Rate Cut, Outperform Bitcoin: Omkar Godbole
Elevated interest rates in the U.S. have dented ether’s appeal as the internet equivalent of a bond, offering a fixed-income-like return on staking.Source
Dune Launches Dashboard Tracking $2.5B Lost to Crypto Hacks and Phishing Scams
The new dashboard by Dune reveals funds lost in over 5,500 blockchain-based scams, exploits, and attacks.Source
VC Darling Eclipse Finally Debuts Its Solana-Ethereum Blockchain Hybrid
Eclipse raised more than $50 million from investors but has been marred by controversy over the past year.Source