Vice President Kamala Harris overtook former President Donald Trump’s odds of winning in Michigan and Wisconsin on prediction market Polymarket. If Harris wins the two swing states, the state of Pennsylvania will become the deciding factor in who wins the US presidential election. Current odds The odds took a sharp…
The Bank for International Settlements (BIS) announced its departure from Project mBridge, a central bank digital currency (CBDC) initiative developed in partnership with the People’s Bank of China and the central banks of Hong Kong, Thailand, Saudi Arabia, and the UAE. The project, designed to simplify cross-border payments through CBDCs,…
Researchers from the non-profit organization Exponential Science and University College London have pointed out that Bitcoin mining bans might have unintended environmental consequences that could increase carbon emissions by up to 2.5 million tonnes annually. In the paper titled “The Unintended Carbon Consequences of Bitcoin Mining Bans: A Paradox in…
The market capitalization of MicroStrategy, the prominent Bitcoin-focused investment firm, has now exceeded that of Coinbase, the largest crypto exchange in the US. According to data from Yahoo Finance, MicroStrategy (MSTR) is currently valued at over $50 billion, surpassing Coinbase (COIN), which stands at approximately $46.5 billion. This shift is…
Tron’s blockchain has seen remarkable progress, with its native token, TRX, surging to a yearly high as the network achieved its second-largest monthly revenue on record. Data from CryptoSlate shows that TRX reached $0.17 within the past 24 hours, reflecting a 55% increase year-to-date. This significant price gain reinforces TRX’s…
M2, a UAE-based crypto exchange, experienced a significant security breach that resulted in the loss of $13.7 million in digital assets. In a Nov. 1 statement, the exchange disclosed that the incident occurred on Oct. 31 at approximately 3:16 A.M., noting that while its team responded swiftly to the attack,…
UBS Asset Management, a subsidiary of Zurich-headquartered investment bank UBS, has launched its inaugural tokenized fund on the Ethereum blockchain, aiming to expand access for its clients. According to a Nov. 1 statement, the new product — the “UBS USD Money Market Investment Fund Token” or “uMINT” — offers clients…
Craig Wright, who is not Satoshi, attended a court hearing today concerning a contempt application filed by the Cryptocurrency Open Patent Alliance (COPA). The judge scheduled the contempt hearing for Dec. 18, with discussions on whether Wright must appear in person and potential cross-examination. BitMex Research provided a live transcript…
Bankrupt crypto exchange FTX has reached settlement agreements with Evolve Bank and Silicon Valley Community Foundation (SVCF) that could enable it to recover up to $21 million in assets. According to Oct. 30 court filings, these settlements still require court approval, with a hearing set for Nov. 20. Evolve Bank…
October marked a significant decline in crypto-related losses due to exploits, with total losses amounting to approximately $116 million—the lowest monthly losses in the last six months. Most of October’s losses stemmed from exploits, followed by flash loan attacks and exit scams. Exploits accounted for the bulk, totaling $113.3 million,…