It took Polymarket less than 24 hours to turn a war in the Middle East into an active trading floor. Since the United States and Israel launched strikes against Iran on Saturday, the prediction market has seen a flood of new contracts covering everything from ceasefire deadlines to the collapse of the Iranian regime by […]
Polymarket piles on $50 million bets as tensions rage Read More »
Bitcoin soared to $68,000 early Sunday, recovering almost all of Saturday’s war losses hours after Iranian state television confirmed that Supreme Leader Ayatollah Ali Khamenei had been killed in U.S. and Israeli airstrikes. Khamenei held ultimate authority over Iran’s military, foreign policy and nuclear program. Under Iran’s constitution, a temporary council composed of the president,
What’s next as BTC surpasses $68,000 after Iran confirms Khamenei’s death Read More »
Bitcoin’s future in an AI-driven world may depend less on code and more on central banks. In a new note, Greg Cipolaro, global head of research at financial services and infrastructure firm NYDIG, claimed that artificial intelligence will affect bitcoin primarily through macroeconomic channels and its impact on the labor market. The key variables are
Here’s how bitcoin’s price rise could be fueled by job-stealing AI software Read More »
New U.S. and Israeli strikes against Iran have focused new attention on a financial network that Tehran has built alongside its ailing banking system: Bitcoin mining and a rapidly growing stable economy. Iran legalized cryptocurrency mining in 2019, allowing licensed operators to use subsidized electricity in exchange for selling mined BTC to the central bank.
Iran Uses $7.8 Billion Crypto Underground Economy to Circumvent Global Sanctions Read More »
Crypto markets have lacked conviction as traders struggle to identify a catalyst strong enough to break prices out of their current lull. Bitcoin has remained range-bound around $60,000, while ether is trading around $2,000 and volumes on major exchanges have declined. The digital assets market is hungry for a strong catalyst, and JPMorgan says it
Bitcoin is stuck in a rut, but JPMorgan says new legislation could be the ultimate spark Read More »
You can’t miss the stablecoin vibe. While Bitcoin BTC$65,294.79 and the rest of the crypto market is in the doldrums after falling from record highs in October, everyone is talking about issuing tokens whose value is fixed, tied to a real-world asset. Especially the dollar. Not just the dollar, of course. Just this week, AllUnity,
As tensions flare once again between Iran, Israel and the United States, social media, particularly crypto social media Such a move, many worry, could send oil prices and global inflation soaring and disrupt financial markets, including Bitcoin. However, these concerns could be exaggerated, according to some observers. Israel and the United States launched airstrikes against
Six Polymarket accounts earned around $1.2 million after correctly betting that the United States would strike Iran on February 28, according to blockchain analytics firm Bubblemaps. In an article on walked just hours before explosions were reported in Tehran and other cities. The accounts have had no activity beyond these predictions. Suspected insiders (Bubblemaps) The
Alleged insiders make over $1.2 million on Polymarket before US attack on Iran Read More »
Mark Karpelès thought he had a reasonable request. The former CEO of the defunct exchange MtGox, operating under his GitHub handle MagicalTux, submitted a pull request to Bitcoin Core this weekend proposing a hard fork (a fundamental change in the code that divides the blockchain) that would redirect 79,956 BTC from the address they have
XRP reversed sharply after failing to sustain its rebound, with a high volume breakout at $1.36 accelerating the downward momentum. News context XRP fell alongside further weakness in the broader crypto market, but the decisive move was technical rather than headline-driven. The token had seen a brief relief rally earlier in the week, only to
What’s next for Ripple-linked token as it plunges 10% Read More »
