In a notable move aimed at capitalizing on the booming blockchain industry, Polymarket, a leading blockchain-based prediction platform, is reportedly in discussions to secure $50 million in new funding. This strategic initiative comes amid a growing interest in the potential of decentralized betting platforms, especially following the downturn witnessed in the cryptocurrency market since 2022.
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Helix Labs has made headlines in the blockchain community, successfully securing $2 million in a pre-seed funding round that places the company’s valuation at an impressive $40 million. Major players in the venture capital scene, including Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group, have all contributed to this funding initiative.
The Ethereum market has recently experienced tough times, with its price action challenging the convictions of even the most steadfast holders. The introduction of spot Ethereum exchange-traded funds (ETFs) in the U.S. was initially met with enthusiasm. Many market observers heralded these products as potential catalysts for a significant price increase in the digital currency.
In the realm of cryptocurrency, Ethereum continues to demonstrate its volatility as it recently dipped to $2,150 on September 6, igniting anxieties about a potential fall beneath the psychological $2,000 barrier. However, a notable rebound followed, lifting the price to approximately $2,460 by September 13. Despite this bounce, the overarching sentiment in the market remains
As discussions around the regulation of stablecoins intensify, Congresswoman Maxine Waters has taken a central role, urging for a bipartisan agreement by the close of 2024. Leading the House Financial Services Committee, Waters has expressed optimism regarding the potential for a collaborative legislative approach to stabilize this burgeoning financial sector. Her call to action was
In September 2023, BNY Mellon made headlines with its ambitious plans to penetrate the crypto custody market, particularly focusing on Bitcoin and Ethereum exchange-traded funds (ETFs). The bank’s recent exemption from the SEC under Staff Accounting Bulletin 121 (SAB 121) has set the stage for a significant operational shift, allowing it to redefine the treatment
The gaming industry is currently witnessing a seismic shift, driven by advancements in blockchain technology and the emergence of Web3 gaming. The recently published Global Gaming Report 2024 by Elympics outlines these changes, highlighting both the opportunities and challenges within the sector. As traditional gaming models adapt, Web3 is presenting unprecedented monetization avenues for players
The evolving landscape of cryptocurrencies continues to challenge regulatory bodies worldwide, prompting lawmaker intervention as they attempt to safeguard investors while fostering innovation. Recently, a notable disturbance in the crypto custody space emerged due to potential regulatory overreach by the U.S. Securities and Exchange Commission (SEC). Led by Republican lawmakers Rep. Patrick McHenry and Sen.
In a surprising turn of events, Grayscale funds, particularly GBTC (Grayscale Bitcoin Trust) and ETHE (Grayscale Ethereum Trust), experienced considerable net outflows on Monday. Despite this downturn in fund inflows, the prices of Bitcoin and Ethereum demonstrated surprising resilience, showing stability and even marginal gains over the last 24 hours. This situation raises questions about
In an intriguing twist of fate within the cryptocurrency landscape, a previously inactive Bitcoin whale address has recently become active, transferring 5 BTC to the Kraken exchange. This event, as reported by Arkham Intelligence, is particularly notable as it marks the address’s reactivation after a decade of dormancy, showcasing a rare instance in which a
