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21 articles found
Latest
Yuma: Barry Silbert’s New AI Project
Barry Silbert is betting on decentralized AI as he steps into the role of CEO for Yuma, a newly launched subsidiary.
FBI Seizes Phone and Other Electronics from Polymarket CEO
On November 13, 2024, the FBI searched the Manhattan apartment of Shayne Coplan, CEO of the betting platform Polymarket. Agents woke him at 6 a.m. local time, requesting that he hand over his smartphone and other electronic devices.
What Are Prediction Markets and How Do They Work
For centuries, people have sought to predict the future, from military strategy to seasonal forecasts and personal fates. Betting companies turned that instinct into a profitable business, and now, their models have transitioned to the blockchain.
Betting on Satoshi’s Identity: Polymarket's Big Gamble
On October 3, HBO revealed its upcoming documentary “Money Electric: The Bitcoin Mystery”. According to Politico, HBO claims to have identified the true Satoshi Nakamoto and plans to unveil their findings in the film, which is set to air on October 8.
Polymarket Disputes Its Oracle Service on Barron Trump's DJT Role
Following reports that Martin Shkreli and Donald Trump's son, Barron, were involved in launching the DJT token, a betting market titled "Was Barron involved in DJT?" appeared on Polymarket.
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Australia Prohibits Crypto Use in Online Casinos
Australia has enforced new online gambling regulations that ban the use of cryptocurrencies for betting. This restriction also applies to credit cards connected to crypto wallets.
The End of the Bull Run?
According to Coinglass, in the last 24 hours, over $529 million worth of traders' positions were liquidated. The majority were betting on growth, but things didn't turn out as expected.
Is Google Betting on a Spot Bitcoin ETF?
Google has timely adjusted its advertising policy regarding cryptocurrency trusts.
A $16 million security breach impacts Stake betting service
Hackers managed to drain 6000 ETH, 3.9 million USDT, 1.1 million USDC, and 900,000 DAI from the company's address. Tongue-in-cheek, one might say Drake was responsible for the audit. UPD: Hacken has disclosed that an initial cyber theft of $20.69 million was executed on the Ethereum network, which was followed by subsequent heist amounting to $25.6 million across the BSC and Polygon networks. The project's team has not yet commented on the breach. The only information available is a Telegram channel update, indicating technical maintenance for the withdrawal of ETH, USDT, and ERC20 tokens.
BlackRock Betting on AI: Report
BlackRock, one of the world's largest investment firms, revealed a significant focus on artificial intelligence (AI) as a driving force in its June report titled “New Regime, New Opportunities”.
Polymarket Suffers 75% TVL Loss After U.S. Elections
The smart contract-based betting platform Polymarket, which facilitates cryptocurrency bets on any event, witnessed a 75% decline in TVL after November 5, coinciding with the end of the U.S. presidential election.
Will France Ban Polymarket? Crypto Betting Faces Crackdown
Crypto betting platforms now face the threat of prohibition.
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86.8% of Polymarket Users Couldn’t Turn a Profit
According to data from the analytical platform LayerHub, only 13.2% of users on the crypto betting platform Polymarket have made a profit from their bets. Out of 176,000 gamblers, only 23,000 earned a profit, with just 8.7% of them making more than $1,000.
Polymarket Betting Platform's TVL Reaches $137 Million
On October 3, 2024, the total value locked (TVL) on the betting platform Polymarket reached a new all-time high of $137.68 million, according to data from the analytics site DefiLlama.
UK's NHS Concerned Over Increasing Crypto Trading Addiction
Amanda Pritchard, the Chief Executive Officer of NHS England, has noted a significant rise in the number of people seeking help for issues related to cryptocurrency betting and trading.
Are ETH Options Traders Betting on a Bullish June?
Data from Deribit shows a significant concentration of ETH call options (as of this writing) around a strike price of $6,500 for June.
Azuro's Betting Infrastructure: A Project Overview
Azuro is a crypto protocol that crafts smart contracts for seamless integration into the betting ecosystem, spanning from casinos and sports betting to bookmakers and beyond.
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Betting on Bitcoin for Political Longevity
Nayib Bukele, fervent in his support for Bitcoin, is seeking re-election as El Salvador’s President.
Betting stories on the BTC price keep rolling in!
According to Blockstream CEO Adam Back, Bitcoin is set to hit $100,000 before its 2024 halving. He's wagered against a Twitter user, Vikingobbitcoin, who believes it won't happen until 2025. The loser of the bet will owe 1 million sats.
Betting on Bitcoin to reach $1 million in 90 days
Will you take the risk? Well, why not, especially if you're a former Coinbase CTO.
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