Polymarket tops $1B in betting volume amid US election hype

A big Bitcoin (BTC) volatility spike could occur by the month’s end as two major factors come into play. The BTC options market nears a massive $750 million expiration and the CME futures market’s open interest has also soared.When an options expiry nears, holders of options contracts have to adjust their contracts before or right…

The Thai revenue department will expedite tax criteria as traders and businesses seek further clarity. 140 Total views 12 Total shares Thailand is fast-tracking its crypto tax plans as it readies regulations for digital asset traders this month in an effort to provide further clarity on crypto-related activities.The Thai revenue department’s director-general has stated that…

The city has about 18 million residents in its prefecture-level area. 405 Total views 17 Total shares According to data obtained from local news outlet Sohu.com, the Shenzhen Chamber of Commerce has recorded over 2.6 million signups for its latest digital yuan, or e-CNY, airdrop. Two months prior, the City of Shenzhen announced that it…

1. What is OTC trading? Generally speaking, over-the-counter (OTC) trading is a deal that happens directly between two interested parties — that is, without the supervision of exchanges. OTC deals involve a wide range of assets — from commodities to financial instruments like stocks and derivatives. Unlike traditional exchanges, the OTC market is decentralized and…

Virtual reality media platform, Sensorium, has announced its membership in the Global Blockchain Business Council, or GBBC — a Swiss-based non-profit industry association for blockchain.Sensorium will participate in GBBC’s upcoming virtual forum on May 28, which will see the firm’s director of technology Alex Blagirev discuss his predictions for how virtual social media will change…

Bitcoin and crypto ETPs have surged in market cap and volumes as institutions buy up BTC. 348 Total views 3 Total shares Recent research has revealed that institutional grade exchange traded products surged in volume this month.A report by CryptoCompare delves into some metrics behind Bitcoin’s epic bull run to a new 2020 high of…

According to Michael Hsu, representatives from the crypto industry as well as within the U.S. government could work toward setting standards on stablecoins. 161 Total views 2 Total shares Michael Hsu, the acting head at the United States Office of the Comptroller of the Currency, said stablecoins need standards comparable to the early internet.In a…