Category: ICO

We’ve Been Thinking About Blockchains Wrong. They’re About Time, Not Money

The good news is it’s not too late. We need to look past the allure of financialization and remember that blockchains, as universal timekeepers, can do so much more. The possibilities are almost unlimited. We can enable strangers on different continents to share information and ideas securely, transparently, trustlessly. We can use our favorite apps that have become essential to our lives – but without the anxiety that we might be tracked and listened to. We can chat with strangers on the Internet and enjoy online news with full certainty…

French Regulator Says It’s ‘Examining’ Polymarket

The scrutiny comes after a French national, known only by his first name, Theo, profited handsomely on Polymarket by placing large, and ultimately correct, bets that Donald Trump would win the U.S. presidential election, despite polls that indicated the contest with Kamala Harris would be a toss-up. According to the Wall Street Journal, Theo is set to make $50 million on his trades. Source

Market Impact and Policy Shifts

On election night, Nov. 5, bitcoin surged to an all-time high, breaking past $75,000 as Trump claimed victory. With a Republican sweep across Congress, this outcome is seen by the crypto community as the most favorable result for digital assets. Trump’s vocal support for crypto, along with his criticism of the SEC’s restrictive stance, has fueled expectations for a regulatory landscape that encourages innovation and growth. The market’s swift reaction, even before the race was called, underscores crypto’s role as a 24/7 barometer of major events. Source

The Fed Is Set to Cut Rates, Boosting the Outlook for Crypto

In March 2022, the Fed started raising interest rates due to the economic distortions it saw. We looked at the same aberrations above in labor, inflation, and economic output. However, now, all those measures have returned back to normal. Yet, monetary policy has not. So, like I said at the start, don’t be surprised when policymakers cut rates later this week and even more moving forward. And as this happens, it should support more stability in economic growth and underpin a steady rally in crypto investments like bitcoin and ether.…

Former FTX CTO Gary Wang Asks Court for No Jail Time

“Unlike Singh, [Wang] did not engage in money laundering or participate in the straw donor scheme. Unlike Singh, [Wang] did not generate false revenue, code a fake insurance fund, try to persuade Bankman-Fried to fraudulently conceal his loans, or otherwise participate in affirmatively deceptive conduct. And, unlike Singh, [Wang] did not receive cash bonuses or spend FTX proceeds on real estate or other extravagant goods,” Wang’s lawyers wrote. “All of these factors combine to make him meaningfully less culpable than Singh.” Source