US Senators Asks CFTC To Conclude Ban On Election Betting
Five US Senators and three House reps have issued a new round of calls to the commodities regulator to prohibit betting on the 2024 presidential election. Polymarket, a decentralized prediction platform, has amassed over $500 million in bets on the likely winner of the 2024 United States presidential election.In a letter to Rostin Benham, the […]
Swan Bitcoin Pulls Conference Amid Mining Shutdown
Swan Bitcoin, a financial services firm, canceled a cryptocurrency conference scheduled to take place in California in October. After Swan Bitcoin announced staff cuts in July, CEO Cory Klippsten said, “It just doesn’t feel like the right time for a festival.” The Pacific Bitcoin Festival will not be held in 2024, as Swan Bitcoin CEO […]
US Government Moves 300 ETH Tokens — Arkham Intelligence
The onchain analytics firm transferred the 300 ETH tokens from a wallet designated as “Noman Seleem Seized Funds.” On August 5, a wallet address ending in “d46” was transferred 300 Ether, estimated to be worth $699,000, from a wallet believed to be under the custody of the United States government, according to Arkham Intelligence. Additionally, […]
EU Capula Management Reveals $500M Holding In Bitcoin ETF
Capula Management, Europe’s fourth largest portfolio manager, has disclosed nearly $500 million of stake in Bitcoin ETF products. Institutional organizations increasingly invest in the cryptocurrency sector through spot Bitcoin ETF products. These institutional investors now have the opportunity to acquire a portion of the digital asset ecosystem by introducing spot Bitcoin and Ethereum ETFs in […]
RippleX Arranges XRPL Testnet Reset To Improve Features
RippleX announced the XRPL Testnet Reset on August 19 to improve stability, reduce costs, and prepare for EVM integration. RippleX has announced its intention to reset the XRP Ledger (XRPL) Testnet at 3:00 AM EST on August 19, 2024. The reset is anticipated to last approximately 15 minutes and is intended to improve the efficacy […]