Month: December 2024

During the dog days of summer, Polymarket’s election betting surged on (correct) speculation that the Democrats would make a “hot swap” of Joe Biden for Kamala Harris as their presidential candidate. Trading volume grew and grew through the fall. All along, <a href=”https://www.coindesk.com/business/2024/08/29/can-prediction-market-boom-continue-after-election-this-crypto-team-has-a-plan” target=”_blank”>doubts lingered</a> about whether the platform’s trader base would hold steady after…

EDX Markets, the institution-only crypto exchange that started operations in June 2023 with support from Wall Street giants like Fidelity, Charles Schwab and Citadel Securities, has appointed its current chief technology officer, Tony Acuña-Rohter, as CEO. Wall Street veteran Jamil Nazarali, the founder and current CEO of the exchange, will move to the position of…

American blockchain payments firm Ripple Labs Inc has intensified the testing of its stablecoin RLUSD. According to the Ripple Stablecoin Tracker, two simultaneous testings were recorded featuring minting and transfer on the XRP Ledger protocol. This test mint and transfer is the first reported testing for the Ripple USD token thus far this month. Is…

London, United Kingdom, December 2nd, 2024, Chainwire Portal, the leader in Web3 liquidity and distribution has launched Portal Hub and Portal Wallet—a groundbreaking marketplace and wallet combination designed to solve Web3 fragmentation. This novel launch brings Web2 simplicity to the decentralized world for both users and developers, creating a consolidated experience for product discoverability, liquidity…

XRP price has surged past the $2.6 mark this week, fueled by strong market momentum and broader cryptocurrency gains. The token’s impressive weekend rally has solidified a bullish trend, capturing significant attention from investors and analysts alike. Many speculate that this price pattern could trigger a massive rally reminiscent of XRP’s historic 5,600% surge in…

Meta’s former stablecoin project, Diem, which initially launched as Libra in 2019, ended after facing significant political and regulatory obstacles in the US, according to Diem’s co-founder, David Marcus. Marcus made the revelations in a recent social media post, where he described the challenges leading to the project’s termination as heavily influenced by political considerations….