Polymarket CEO Shayne Coplan responded to a recent New York Times article that scrutinized the platform, clarifying key points about its non-partisan stance and transparency. The article described Polymarket as a “crypto website where election odds swing in… favor” of former President Donald Trump, which Coplan felt mischaracterized the company’s purpose and operations. In a…
The Pennsylvania House of Representatives passed a bill on October 24 to establish regulatory clarity for digital assets like Bitcoin (BTC) within the state. Known as House Bill 2481, or the “Bitcoin Rights” bill, the legislation passed with strong bipartisan support, receiving a vote of 176 to 26, including all 100 Republicans and 76 Democrats.…
Liquid staking protocol Lido launched its Community Staking Module (CSM) on the Ethereum (ETH) mainnet on Oct. 25. The CSM allows any user staking ETH to become a solo validator. CSM aims to reduce barriers to Ethereum staking by allowing individuals to operate Ethereum validators with less technical know-how and an Ether deposit requirement smaller…
TL;DR The meme coin MEW tapped a new peak after rallying by another 8% in the past 24 hours. While some predict further growth, others warn of a potential pullback due to rising FOMO. The Bull Run Goes on The Solana-based meme coin Cat in a Dogs World (MEW) has been one of crypto’s rock…
The US government successfully recovered nearly $19.3 million in crypto less than 24 hours after it was mysteriously siphoned from government-associated wallets, according to analysts, including ZachXBT and Arkham Intelligence. The swift recovery, which returned approximately 88% of the originally compromised assets, has left onchain analysts and cybersecurity experts questioning the integrity of government wallet…
Tether CEO Paolo Ardoino denied reports about the firm being under investigation in the US. Ardoino’s clarification comes after a Wall Street Journal report claimed that federal prosecutors in Manhattan are allegedly investigating the stablecoin issuer. Ardoino said: “WSJ is regurgitating old noise. Full stop.” According to the WSJ report, the investigations are allegedly related to…
EMURGO – the blockchain project advancing Web3 adoption on the Cardano blockchain – announced a strategic collaboration with BitcoinOS (BOS), a smart contract operating system built for Bitcoin. The latest move aims to provide Cardano DeFi users with access to Bitcoin’s capital, valued at $1.3 trillion, without relying on third-party intermediaries. The first technical collaboration…
Indian crypto exchange WazirX has disclosed its proof-of-reserves (PoR) report, showing that over 40% of customer assets are stored on third-party exchanges, according to an Oct. 25 statement. The exchange said its PoR dashboard aims to promote transparency by enabling independent verification of its wallet addresses, which include the precise holdings for each asset. WazirX’s…
The U.S. federal government is investigating Tether – issuer of the world’s largest stablecoin, USDT – for possibly violating anti-money laundering rules and sanctions, the Wall Street Journal reported on Friday. Following the news, Bitcoin’s price plummeted from $68,600 to $66,589 at writing time. Prosecutors at the Manhattan U.S. attorney’s office are investigating whether the…
Bitcoin appeared poised to make another run at $70,000, but a WSJ story of a criminal probe into the stablecoin issuer sent prices tumbling Friday afternoon.