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Polymarket Election Betting Rife With Wash Trading: Report

Polymarket’s odds as an election indicator have been questioned in a new report despite its widespread citation in mainstream media. On Oct. 30, Fortune reported that analysts at two crypto research firms had found evidence of “rampant wash trading” on the blockchain betting platform. The findings come from separate investigations completed by Chaos Labs and […]

Bitcoin’s Path to $200,000 Doesn’t Depend on Dollar’s Demise, Claims Bitwise CIO

Bitcoin’s path to reaching $200,000 doesn’t require a collapse of the US dollar. Instead, Bitwise Chief Investment Officer Matt Hougan believes there are two key drivers that will support BTC’s upward potential, offering a compelling perspective on its future as an institutional asset. Institutional Maturity Responding to a query about the US dollar’s impact on […]

Optimistic Ethereum (ETH) Price Targets: Parabolic Move to $4K Possible?

TL;DR Ethereum (ETH) has pumped by around 6% weekly, with analysts predicting potential moves past $4K. Bullish on-chain metrics and positive sentiment on platforms like Telegram support the thesis for an upcoming resurgence. Time for ETH to Shine? The cryptocurrency sector has been on a tear in the past several days, with Bitcoin (BTC) briefly […]

Visa Partners With Coinbase to Enable Real-Time Cash Outs

In an announcement on Oct. 29, international credit giant Visa unveiled the partnership enabling real-time money movement between traditional banking and crypto services using the Visa Direct network. “This partnership adds convenience and new services for Coinbase customers across the US and EU, including real-time, reliable, and secure money movement,” it stated. Visa’s head of […]

BlackRock Bitcoin ETF Sees Huge $640M Inflow as BTC Topped $73K

The BlackRock iShares Bitcoin Trust (IBIT) recorded a whopping $642.9 million in inflows on Oct. 29, according to Farside data. It is the largest inflow since March 12 bringing the total net inflow for all funds to $870.1 million, the highest since June 4. Bloomberg ETF analyst Eric Balchunas observed that the fund also saw […]

As Bitcoin Nears Record Highs, $500B Missing from Altcoin Markets

The last two times bitcoin prices made new all-time highs, total crypto market capitalization was around $3 trillion. On Nov. 10, 2021, the metric topped $3 trillion when BTC hit its cycle peak of $69,000. Total capitalization also neared the $3 trillion mark in March this year when the asset made its all-time high of $73,738. […]

Circle Signs MOU with HKT For Blockchain-Based Loyalty Solutions for Hong Kong Merchants

Stablecoin issuer Circle announced on Tuesday that it had signed a Memorandum of Understanding (MOU) with HKT, a major player in technology, media, and telecommunications. The main objective of this collaboration is to explore opportunities for creating blockchain-based loyalty solutions tailored to Hong Kong’s merchant landscape. Circle-HKT Collaboration According to the blog post, Circle’s expertise […]

DOJ Charges Crypto Exchange Operator With Laundering Silk Road Proceeds

Maximiliano Pilipis, a 53-year-old former resident of Noblesville, Indiana, has been indicted by a federal grand jury on five counts of money laundering and two counts of failing to file a tax return. The indictment alleges that Pilipis laundered substantial funds, including proceeds from Silk Road, through his operation of an unlicensed virtual currency exchange […]