Data tracked by Arkham shows that Golem’s main wallet has transferred millions of ETH to other wallets, which were later sent to exchanges such as Binance, Bitfinex, Coinbase, and others. Most of these transactions are below $10 million in value and are sent daily. Source
“Prediction markets have long been sought as a prime use case for blockchains,” wrote Zack Pokorny, an analyst at Galaxy Digital, in a research note Friday. “Their censor/tamper resistant, transparent, and global nature makes them well suited for the task, as they allow for the unfiltered casting of opinion on any topic from anyone, anywhere.” Source
In their recently unsealed California lawsuit, the two executives – Joshua Porter and Gulsen Kama – allege that Northern Data lied to investors about the strength of its finances, hiding the fact that it is “borderline insolvent,” and, additionally, is “knowingly committing tax evasion to the tune of potentially tens of millions of dollars.” Source
July 5: Valora, a P2P payments app, introduced Mobile Stack, described as “an open protocol that simplifies the creation of Web3-native mobile apps on iOS and Android.” According to the team, “it unlocks a critical pathway for bringing the next billion users on-chain by providing Web3 brands and startups with the tools they need to bring their apps to consumers’ fingertips. Troopo (from Stake Capital/Curve) and The ChatGPT DataDAO (from Vana) will be the first of Mobile Stack’s ecosystem partners to bring their Web3 dApps to mobile, showcasing how web3…
Markus Thielen, founder of 10x Research trimmed his $55,000 price target to $50,000. “This situation may compel ETF holders and miners to liquidate more positions,” he said in an emailed note, adding that August and September are historically “challenging months” for bitcoin. However, he added, “if the Federal Reserve cuts interest rates in September, bitcoin could see another rally attempt.” Source
These candidates’ opponents aren’t uniformly critical of cryptocurrency on the level of Elizabeth Warren, the Massachusetts senator despised by the crypto industry for her rhetoric of hosting an “anti-crypto army.” Three of the four are rated as “neutral” or better by Stand With Crypto, though Ohio Senator Sherrod Brown touts an “F.” Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
The U.S. employment market remained strong in June, with the U.S. Bureau of Labor Statistics reporting Friday the addition of 206,000 jobs, down from May’s 218,000 (revised from an originally reported 272,000) but modestly topping economist estimates for 190,000. Source
Software company MicroStrategy, which holds over 210,000 BTC, and bitcoin miner Hut 8 led declines as bitcoin dropped to the lowest level since late February. Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…