Trump election odds near 67% as Polymarket whale bets another $2M
Polymarket whales are betting tens of millions of dollars on a Trump victory on Nov. 5, which could be more accurate than traditional polls, according to Elon Musk.
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Tencent-backed Everledger collapses amid lack of funding: Report
Everledger was quietly placed into insolvency after it didn’t manage to materialize its planned funding round from an undisclosed investor. 154 Total views 3 Total shares The Australian blockchain company Everledger has reportedly entered insolvency proceedings after failing to raise new funding from an undisclosed investor.Everledger, which uses blockchain to track the provenance of diamonds…

Blockchain Platform to Track $2.5B Worth of Tea Products
The Chinese province of Yunnan will track their tea supply chain using blockchain technology. 1474 Total views 36 Total shares The Chinese province of Yunnan announced the official launch of a blockchain-powered traceability platform for its Pu’er tea farms on June 3.The blockchain platform was first announced in the 2020 Phoenix Nest Ancient Tree Spring…

Matic rebrands to Polygon in pursuit of ‘Polkadot on Ethereum’ strategy
The Layer-two protocol plans to become an aggregator and interoperability facilitator for Ethereum scalability solutions. 3047 Total views 28 Total shares The Matic Network, a project developing an Ethereum-based layer-two solution and an independent proof-of-stake blockchain, announced Tuesday that it would rebrand to Polygon. While the existing products and the token would remain largely the…

Crypto hotspots continue to thrive despite FTX collapse
The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation. While it may be too soon to fully understand the impact of the FTX…

Bitfinex Confirms Initial Exchange Offering to Raise Up to $1 Billion in Tether
Embattled cryptocurrency exchange Bitfinex confirmed it would conduct a $1 billion so-called initial exchange offering (IEO) in a whitepaper issued on May 8.Bitfinex, which faces ongoing legal scrutiny from authorities who accuse it of losing $850 million, had hinted it would seek to sell its own tokens earlier this month.The release of a formal whitepaper…

Coinbase hiring in India despite potential crypto crackdown
Coinbase plans to base some of its “IT services” in India, including engineering, software development, and customer support. 1844 Total views 17 Total shares Leading U.S. cryptocurrency exchange Coinbase has announced it is “establishing a business presence in India” despite uncertain regulatory headwinds for crypto in the country.In a March 25 blog post, Coinbase revealed…

Barclays May Be Ending Work With Coinbase, Transactions in GBP to Slow
British banking giant Barclays has reportedly cut ties with United States crypto exchange Coinbase.As Coindesk reported on August 13, unnamed industry sources have said that Barclays will no longer be banking for Coinbase, severing a relationship that began when Coinbase opened a Barclays account in March 2018.The news is expected to hit the crypto community…

Crypto super PAC network to back GOP House candidates in Florida
The two Republican candidates, Randy Fine and Jimmy Patronis have been outspoken supporters of crypto innovation. A Super PAC network funded by the crypto industry is poised to back two Republican candidates for the United States House of Representatives in Florida’s April 1 special elections, according to a March 21 report by Politico. The network