Crypto.com Senior Vice President Steve Humenik has joined Coinbase by voicing opposition to a proposed rule change by the Commodity Futures Trading Commission (CFTC) that could lead to the prohibition of prediction markets in the United States. In a letter to the CFTC, Humenik expressed concerns about the implications of the proposed regulation, urging the […] Source: https://news.bitcoin.com/crypto-com-opposes-proposed-us-ban-on-prediction-markets-and-event-contracts/
Month: August 2024
Quantum computers are advancing much faster than scientists expected
Breakthroughs in scalability, error-correction, and infrastructure have led to an accelerated timeline for quantum advantage. Source: https://cointelegraph.com/news/quantum-computers-advancing-much-faster-scientists-expected?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14
Following the latest difficulty change 11 days ago when the metric increased by 10.5%, Bitcoin’s difficulty is estimated to shift downward between 4% to 5.3% on Aug. 14. Bitcoin’s All-Time High Difficulty Faces Estimated Reduction Bitcoin miners may get some relief in three days when the difficulty retarget shifts following the largest difficulty rise so […] Source: https://news.bitcoin.com/bitcoin-difficulty-reduction-incoming-miners-brace-for-a-major-shift-on-aug-14/
2024 Crypto Rollercoaster: BOME Soars 11,931% as W Slides 84%
It’s been seven months—or precisely 223 days—since 2024 kicked off, and several digital currencies have experienced impressive gains. Leading the pack are two meme coins, BOME and MOG, which have skyrocketed by 11,931% and 3,733%, respectively, over this period. Crypto’s Year-to-Date Gainers and Losers In 2024, statistics reveal that several crypto assets have achieved impressive […] Source: https://news.bitcoin.com/2024-crypto-rollercoaster-bome-soars-11931-as-w-slides-84/
This Week in Crypto Games: Ubisoft’s New Ethereum Game, Ronin Hacked Again
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the…
Bitcoin metric calls 'local bottom' as traders eye sub-$60K BTC price
BTC price expectations demand a trip below $60,000 before upside continuation, but a market top and bottom metric says the worst is over. Source: https://cointelegraph.com/news/bitcoin-metric-local-bottom-traders-sub-60k-btc-price?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
150,000 Ether Floods Liquid Staking Platforms in 27 Days
In the last 27 days, ether liquid staking derivatives have experienced an influx of 150,000 ETH, valued at $390 million, flowing into various protocols. Notably, since July 14, 100,000 ETH made its way to Lido, the world’s leading liquid staking platform by market share. Ethereum Liquid Staking Spikes to 13.59 Million Ether, Lido Nears 10 […] Source: https://news.bitcoin.com/150000-ether-floods-liquid-staking-platforms-in-27-days/
4 years in, MicroStrategy’s Bitcoin gamble beats Warren Buffett’s warning
MicroStrategy’s stock value is up by 1,000% since its first Bitcoin purchase, while Warren Buffett and Berkshire Hathaway have missed the boat. Source: https://cointelegraph.com/news/4-years-in-micro-strategy-bitcoin-gamble-warren-buffett-warning?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The 7 Oddest Political Betting Pools on Polymarket
Political turmoil in the U.S. has prompted surging interest in the decentralized prediction platform Polymarket, with users wagering hundreds of millions of dollars on the outcome of the presidential election in November. Polymarket allows anyone to create a market to wager the outcome of nearly any event. With fewer than 90 days until the election, political betting pools are on…
Kiyosaki on Market Crash, Crypto for Harris, and More — Week in Review
Robert Kiyosaki declared that the much-anticipated market crash has arrived, emphasizing the significant losses and highlighting it as an opportunity for investors to buy assets like gold, silver, and bitcoin at lower prices. The Democrats are engaging with the crypto sector, launching a “Crypto for Harris” initiative to garner support for Vice President Kamala Harris. […] Source: https://news.bitcoin.com/kiyosaki-on-market-crash-crypto-for-harris-and-more-week-in-review/